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Read more...Forex: USD/JPY trading higher on data
FXstreet.com (Barcelona) - The continuous appreciation of the Japanese currency against its American counterpart seems to be taking a break on Wednesday, as the yen is trading in the upper end of
Read more...RBI slightly relaxes forex curbs for some banks
The central bank has already allowed some banks that have approached it to carry slightly higher net open positions in foreign exchange if they had big positions before the new rules were imposed, sources at two banks said earlier yesterday.
Read more...EURUSD: Profits Booked on Short Position
We initially sold EURUSD at 1.3526 . Prices overturned a bearish Three Inside Down candlestick pattern identified last week and broke above resistance at 1.3231, the late-November swing bottom and our revised stop-loss level . We will book our profits here and move to the sidelines, waiting for the next compelling opportunity to enter short.
Read more...Forex: GBP/USD down ahead of data
FXstreet.com (Barcelona) - After posting gains for three consecutive sessions the cable is losing some ground on Wednesday, trading in the 1.5445-75 range so far. UK Trade Balance figures are
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