EUR/JPY - The corrective phase is approaching its first support area

EUR / USD Moving lower. EUR/USD posted a lower low yesterday, confirming the recent Euro weakness. A further corrective phase is favoured and should lead to a test of the support at 1.2755 (11/09/2012 low, see also 38.2% retracement from previous rise) in the short-term. Short-term resistance... FF News: Technical

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The USD/CAD Hangs in the Swing Short Zone for the Second Session

The Bank of Canada has been talking up the loonie via their hawkish stance on rates and although Carney has not acted, the market awaits the October 23 decision and statement. The BOC continues to frustrate traders with the hawkish-but-hold action. While traders have generally discounted that the... FF News: Technical

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EURUSD Weakens to 1.2900; SNB’s Floor Maintenance Scheme Revealed

A lack of data and news in the overnight has left the majors trading in tight ranges over the past few hours, with no major gaining or losing more than +/-0.18% against the US Dollar thus far on Tuesday. The top performer has been the New Zealand Dollar, followed closely by the Japanese Yen, whereas... FF News: Technical

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ECB, Bundesbank checking legality of bond-buying program: paper

The European Central Bank and Germany's Bundesbank are examining the legality of the ECB's new bond-buying program, a German newspaper said on Tuesday, pointing to another possible barrier to moves to end the euro zone debt crisis. German tabloid Bild, which did not give details of its sources, ... FF News: Fundamental

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