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Forex: USD/JPY keeps falling

FXstreet.com (Córdoba) ? The dollar weakened again to the Yen for second day in a row. USD/JPY is edge toward last week lows at 94.50. The pair has lost today so far 146 pips. Current price at 94.72 represents a fall of 1.30% from the opening price. Dollar started to fall during the Asian session and continued in the same way during the European and the American. The next support zone is located at 94.50 and below 94.00. Yen

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USD will fall further on signs on moderate contraction, says Wachovia

FXstreet.com (Barcelona) - The weak Dollar seems to fall further in the coming weeks on more moderate contraction signs are suggesting that economic recession has left the bottom behind. According to Wachovia the latest moderate declines point to growth later this year and Greenback could decline on growing risk appetite.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted 1.5945, 6-month high.The Wachovia Research

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Forex: EUR/GBP rejects 0.8900 and falls to 0.8820, 1-week low

!--TITOL: h1Forex: EUR/GBP rejects 0.8895 and falls to 0.8820, 1-week lowFITITOL--FXstreet.com (Barcelona) - After reaching 0.8895, intra-day high, and test the 0.8900 level, the EUR/GBP has been rejected to fall 75 pips to 0.8820, 1-week low. Currently the pair is trading around 0.8830/40, 0.56% down from today's opening price.br /br /Last week, Euro lost 0,50% against Pound from Monday opening price at 0.8965, reaching 0.9040 as highest and 0.8880 as lowest, to close the week at 0.8895 in Friday.br /br

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EUR/USD: Euro hits a new intra-week low at 1.2965 and returns to 1.3000

FXstreet.com (Barcelona) ? The Euro has hit a new intra-week low at 1.2965 before returning to levels above 1.2980, and at the moment trades around 1.3000; within the consolidation range of the last hours, between the mentioned 1.2980 and 1.3035.According to Greg Holden, technical analyst at Forex Yard, comments of ECB members over the Bank keeping interest rates at current levels have weighed on the Euro: ?Since the beginning of the week the pair has entered a bearish trend, dropping

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US MBA Mortgage Applications rise a 2% in the 1st of May week

FXstreet.com (Barcelona) For more information, read our latest forex news.

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Forex: USD/JPY keeps falling

FXstreet.com (Córdoba) ? The dollar weakened again to the Yen for second day in a row. USD/JPY is edge toward last week lows at 94.50. The pair has lost today so far 146 pips. Current price at 94.72 represents a fall of 1.30% from the opening price. Dollar started to fall during the Asian session and continued in the same way during the European and the American. The next support zone is located at 94.50 and below 94.00. Yen

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GBP/USD building long-term bottom

FXstreet.com (Jakarta) - The GBP/USD fell after the UK?s budget forecast the deepest contraction in modern times and deflation before a modest recovery in 2010. After breaking its downtrend, the GBP/USD is building a long-term bottom. Today the pair broke the 1.45 handle, currently testing the 1.44 support. If the support is broken, the pair will likely fall to the 1.42-area support. ?However, we believe it will trade in the 1.44-1.50 area,? said Hans Nilsson, analyst at CMS Forex.For more

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USD may resume trend in Asia

FXstreet.com (Buenos Aires) - Major currencies ended with no change Monday as holidays in U.K. and the U.S. set a very low trading volume. Some rise in risk aversion due to North Korea nuclear test, gave dollar some air after past week free fall. But was Japanese yen the most harmed by such spike, as the currency lost ground in early trading. However, dollar continues bearish across the board, and would take little to see greenback resume the downside trend.Dollar

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U.S. Jobless claims rise slightly above expectations; Euro drops below 1.3050

FXstreet.com (Barcelona) ? U.S. Jobless claims have increased by 27 K in the week of April the 18th to a total amount of 640K from upwardly revised 6123K on the previous week.The Euro has dropped slightly immediately after claims figures were released dropping to levels below 1.3050 after having reached an intra-week high at 1.3088. GBP/USD has been rejected by the downward trending resistance line off 1.5065 high on April 16, currently around 1.4570, although the Pound remains above 1.4520

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