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Fundamental Analysis The place to analyze the macroeconomic news.

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Old Nov 2, 2009, 17:28   #1
ukahmadreza
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hello i dont know why EUR/USD and GBP/USD went high on us better than expected indicators?
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Old Nov 3, 2009, 10:54   #2
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It was just a sudden reaction, but as you can see USD is still rising.

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Old Nov 3, 2009, 14:22   #3
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because of unexpected economic us releases
mostly pending home sales and construction spending rose higher than expected,
as a consequence US stocks went up and the currency reversed!
we are expecting speeches from obama about the economy these should infuence 2
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Old Nov 4, 2009, 14:46   #4
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If I can add: expect a volatile market, wait for the Fed announcement and the one from the ECB and BOE and non farm payrolls,after that you will see clearer, cuz right now its speculations ups & Downs
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