Financial Times: US economy grows by annualised 4.3%
November 30, 2005
Financial Times: Euro steady after ECB inflation leak
November 30, 2005
The euro held steady despite a leak suggesting the European Central Bank is poised to revise its inflation forecasts upwards on Thursday, helping to justify an expected rate rise.
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DailyFX: Swiss Franc Tests 1.3200 Offers
November 30, 2005
Swiss Franc longs were in full retreat after falling into a trap set by the dollar longs, which instantly pushed the pair toward the 1.3200 handle. As greenback bulls take an advantage of disarray amongst the Swissie bulls and push the pair toward 1.3244, a level marked by the November 22 daily high, with further move to the upside most likely seeing the pair head higher and take on the Swiss Franc offers around 1.3389, a level established by the October 3, 2003 daily high.
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DailyFX: New Zealand Dollar Fights For .7000
November 30, 2005
New Zealand dollar bulls continued to fight a loosing battle against their US dollar counterparts as further moves to the upside remained suppressed by the 200-day SMA at .7043. A reversal from these levels will most likely see the pair head lower and with a break below the .7000 figure most likely seeing US dollar bulls make their way toward .6984, a level established by the 38.2 Fib of the .7468-.6681 USD rally.
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DailyFX: Canadian Dollar Remains In Tight Range
November 30, 2005
Canadian dollar bulls continued to test the greenback bids around 1.1643, a level established by the October 27 daily low, but repeatedly failed to break the dollar defenses, thus setting up the pair for a potential reversal. A reversal from these levels will most likely see the pair head above the 1.1700 figure and with sustained momentum on the part of the greenback bulls see the Canadian dollar retreat toward 1.1781, a level marked by the 50-day SMA.
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DailyFX: Australian Dollar Once Again Heads South
November 30, 2005
Australian dollar bulls continued to put a futile struggle as the pair temporarily stopped tumbling around .7383, a level marked by the 23.6 Fib of the .7798-.7267 USD rally. A sustained momentum to the downside will most likely see the pair head lower and test the Aussie defenses around .7315, a level marked by the November 21 daily low. A further collapse of the Australian dollar defenses will most likely see the pair head lower and test the bids around .7263, a level established by the most recent 2005 Low.
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DailyFX: British Pound Loses 1.7300 Figure
November 30, 2005
British pound bulls continued to slide down toward the 1.7200 figure as their latest assault against the dollar bulls failed to gain momentum. As greenback longs manage to push the pair below, a break in the sterling’s defenses will most likely see the pair head lower and aim for the pound bids around 1.7061, a level established by the most recent 2005 Low, which currently acts a gateway toward the psychologically important 1.7000 handle.
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DailyFX: Japanese Yen Edges Closer To 120.00
November 30, 2005
Japanese Yen longs continued to put up a futile resistance against the advancing dollar longs as the greenback bulls edged closer to the psychologically important 120.00 handle. A break to the upside will most likely see the dollar bulls push the pair above the psychologically important 120.00 handle, and make their way toward the 120.72, a level marked by the August 1, 2003 daily high.
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DailyFX: Euro Heads Below 1.1800
November 30, 2005
Euro bulls gave up more of the previously captured territory as the pair slid below the 1.1800 handle after the greenback longs launched massive counterattack. A further advance by the dollar bulls will most likely see the euro bulls retreat below the 1.1700 figure and with sustained momentum take on the single currency bids around 1.1682, a level established by the November 28 daily low.
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Bloomberg: Dollar is Poised for First Three-Month Gain Versus Euro, Yen Since 2002
November 30, 2005
Nov. 30 (Bloomberg) — The dollar headed for the first
three-month gain against the euro and yen in almost four years on
speculation the Federal Reserve will keep raising interest rates
through April.
The U.S. currency is being bolstered by the highest Fed
target rate since 2001 and a
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