United World Capital Forex Trading

Wednesday, January 6, 2010

UNITED WORLD CAPITAL EUR/USD opens firmer

EUR/USD opens firmerBy Gerry Davies || January 5, 2010 at 06:12 GMT || 0 comments || Add commen.... UWCFX
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UNITED WORLD CAPITAL Canadian Dollar Up High on Oil Rally

The loonie, as the Canadian currency is nicknamed for the image of the waterfowl on the C$1 coin, started the year gaining versus most of the 16 main traded currencies as its chief export, the crude oil, advanced further, naturally forcing the Canadian correlated currency up in foreign-exchange markets.(...)Read the rest of Canadian Dollar Up High on Oil Rally (142 words)Posted on Forex News.. UWCFX
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UNITED WORLD CAPITAL USD Lower, Manufacturing PMIs Rise in Europe & China

The USD is trading lower as equity markets rally and commodity prices rise, crude oil supported by report that Russia has halted oil flows to Belarus, copper prices trade at a 16 month high, EU manufacturing PMI at 21 month high, UK mortgage approvals at the highest level since March.... UWCFX
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UNITED WORLD CAPITAL USD/JPY Weakens Slight as Gold Gains and Dollar Weakens

The USD/JPY is trading off December highs as the Dollar weakens across the board and gold bounces back above $1100/oz. Hence, investors are showing a preference for the risk trading today following a positive set of economic data from the UK. Furthermore, the Development Bank of Japan announced it is.... UWCFX
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UNITED WORLD CAPITAL 'Risk On' For First Day Of The New Year

U.S. Dollar Trading (USD) lost ground against most currencies as the market relapsed into Strong stocks/Weak Dollar mode again on the first day of trading in 2010. December ISM Manufacturing jumped to 55.9 vs. 54 forecast in a sign the manufacturing sector in the US is recovering well. DJIA +155.... UWCFX
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UNITED WORLD CAPITAL Friendly U.S. Manufacturing Data Weakens Dollar

A friendly U.S. Manufacturing report is helping to weaken the Dollar at the mid-session by driving.... UWCFX
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UNITED WORLD CAPITAL EUR/USD Mid-Day Outlook

EUR/USD's consolidation from 1.4217 is still in progress and another rise could still be seen as long as 1.4256 minor support holds. Nevertheless, such consolidation is still expected to be limited by 38.2% retracement of 1.5143 to 1.4217 at 1.4571 and bring resumption of fall from 1.5143. Below 1.4256 will.... UWCFX
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UNITED WORLD CAPITAL How will EUR/USD Perform in 2010? These 6 Insightful Forecasts Offer Answers

As 2010 begins, Ive searched the web for forecasts on the forex markets most popular pair: EUR/USD.... UWCFX
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UNITED WORLD CAPITAL Dollar Facing Most Serious Test since Bottoming

Mondays strong rally in global stock indices and break in the Dollar renewed talk of the resumption.... UWCFX
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UNITED WORLD CAPITAL Fed Gov Duke Expects Moderate Recovery To Continue In 2010

U.S. Federal Reserve Board Governor Elizabeth Duke is expecting the economy to continue making a.... UWCFX
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Tuesday, January 5, 2010

UNITED WORLD CAPITAL Chart Of The Day: USD/CAD

Price action on USD/CAD, a daily chart of which is shown, on the first trading day of the New Year has displayed a marked bearishness that has brought the currency pair back down to dip below strong recent support in the 1.0400 price region. This tentative bearishness exists within the.... UWCFX
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UNITED WORLD CAPITAL ECB, EU to Visit Greece Over Deficit, Official Says

Jan. 4 (Bloomberg) -- European finance officials will travel to Greece this week to discuss the.... UWCFX
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UNITED WORLD CAPITAL Japan Dec monetary base up 5.2 pct year/year - BOJ

Japan's monetary base rose 5.2 percent in December from a year earlier, Bank of Japan data showed on.... UWCFX
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UNITED WORLD CAPITAL Currency Pair Daily Forecasts

EUR/USD-market strategy can be a buy from the level 1.4388$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market,.... UWCFX
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UNITED WORLD CAPITAL Chinese banks must control pace of lending -PBOC's Zhou

Chinese banks must carefully pace their lending this year because heavy issuance of loans amid.... UWCFX
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UNITED WORLD CAPITAL ISM Manufacturing Rises in December

The ISM Manufacturing Index was strong in December rising to 55.9 from the prior months 53.6 reading. Expectations within financial markets were for a more muted gain to 54.3. New Orders rose to 65.5 in December from 60.3 in November. On the inflationary front, prices paid rose to 61.5 against.... UWCFX
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UNITED WORLD CAPITAL Toppy Majors Hit Outer Ranges

The U.S. ISM Manufacturing PMI numbers printed well above the expected numbers, indicating that the economy is showing a slow and steady improvement, however the service and employment side of the economy now has to follow suit.Positive commodity trade is helping to hold the dollar bulls at bay in trade.... UWCFX
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UNITED WORLD CAPITAL Forex Fundamental Outlook

The common currency gained ground as traders reacted to positive gains in U.S. equity markets on the first trading day of the year. The common currency gained 2.52% in 2009. Data to be released in the U.S. tomorrow include December ISM manufacturing data and November construction spending data followed by.... UWCFX
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UNITED WORLD CAPITAL USD/JPY Daily Outlook

USD/JPY's break of 91.90 minor support as well as the near term trend rising trend line argues that whole rise from 84.81 has possibly completed at 93.20 already on bearish divergence condition in 4 hours MACD, after just missing 100% projection of 84.81 to 90.75 from 87.36 at 93.30. Intraday.... UWCFX
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UNITED WORLD CAPITAL The USD Is Put Under Pressure As Commodities Rally

The USD has reversed its early gains in the Asian session, as commodities and commodity-currencies have rallied higher throughout the European session and equity markets have continued their strong start to 2010. The USD experienced a broad-based sell-off from the start of the European trading session, with the DXY falling.... UWCFX
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