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Negative mood dominates

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The financial markets did not have much time to absorb the outcome of the US presidential election with Obama as the winner. Yesterday we saw weak indicators from Europe, and especially Germany’s sharp fall in industrial production pulled down - most concerning. In addition, the EU's autumn report was announced with expectations of for instance economic growth and budget deficits in the EU countries and (as expected) this was not encouraging reading. Nevertheless, it once again made market
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GBPCHF Initiating the bear again

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1minute with ForexSurvivor Latest impact: GBPCHF: Initiating the bear again Keep the following post working ref to GBPCHF and shift the exit towards a close above 15150. Reminder: Posted on 30 Oct 2012 Latest impact: GBPCHF To Regain the Lost Path GBPCHF rally was halted @ MA100 @ the reading of 15110. Since then, the cross kept crawling using a lower low tactic. Therefore, we would prefer to initiate the move with the bears that come out by force by selling the current price (15000),
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The EUR/USD failed to get above 12780 in yesterdays

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EUROSTOXX 50 (Dec 12) INTRADAY Review Wednesday’s broad-based sell-off in risk markets was followed by a downbeat, albeit more lacklustre session yesterday. The Eurostoxx finished the day with a loss of 1% amidst the lack of new developments on the European front. Our yesterday’s strategy neutral entry short at 2,508 was not reached. Strategy Overnight, Chinese data showed that CPI declined from 1.9% to 1.7% Y/Y and that PPI improved from –3.6% to –2.8%. Chinese Industrial Production Y/Y
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EUR/GBP Short Intraday Setup Forecast Nov 8

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Forex Signals & Trade Setups | Chart in Focus: EUR/GBP Intraday on 4 hour The EUR/GBP is nicely setup with a downtrend establishing itself on the 4 hour time frame and price currently becoming overbought in that downtred. Bank of England choosing stood their ground at their rate announcement with the GBP recovering earlier morning losses and is now pressing EUR/GBP. Looks like new session lows are possible.
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The Monetary decisions today are not going to alter the fundamental backdrop

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S&P 500 (Dec 12) INTRADAY Review Yesterday was a blood bath. Obama was hoping for a more positive start to his second term than his first one when he was ushered into the White House just as the credit crunch was about to escalate to its very peak. However, positivity in the E-mini S&P lasted for four hours during the Asian session topping out at 1431.75 before the index dumped almost 50 points and posted its biggest down day at over 2.5% since the 31st October 2011. The capitulation
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