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  1. #31
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    09.12.10

    The government of Japan has announced that Japanese economy remains the second biggest world economy after the US.

    The Euro consolidates against the US dollar and recovers from its low levels of this week. Currently the Eur/Usd is trading near 1.3300 area.

    During Asian session British pound rebounds and goes back to levels above 1.5800. But currently GBP/USD has a bearish trend and it's necessary to watch the support level for further decisions.

    After reaching the high level at 84.40, the USD/JPY returned and was fixing below 84.00.

  2. #32
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    10.12.10

    Thanks to the upbeat US trade balance data, the USD rose across the trading sessions today. The US trade managed to reduce.
    Pressed by positive US trade figures, the Eur/Usd fell to the session lows. Currently the pair is trading next to1.3220 area. If the pair would drop more, the support will lie at 1.3165 and 1.3000. Otherwise the pair will go toward its resistance level above 1.3280 which is a session high.

    The USD/JPY has been boosted by US trade figures and reached a new daily high level (83.94). Now the pair will be faced with resistance above 84.40.

    As all US dollar rivals the GBP dropped today against the dollar. Therefore the pound lost its positions and was returning to the levels of the morning.

  3. #33
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    20.12.10

    The EUR/USD still follows downside. The pair is under bearish pressure because of the European debts situation and conflict in Korea.

    The USD/JPY reaches a new daily low level at 83.64. And before the new session opening the pair remains to trade in downward.

    The GBP consolidated across the trading sessions today but after lost some of gains. Just before the US session opening the GBP/USD is trading next to 1.5550.

    The demand of oils has been supported by a dangerous situation with weather in USA and Europe. Today in the morning the oil contracts were traded at $89.20 per a barrel.

  4. #34
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    23.12.10

    The Eur/Usd started this trading day by reaching low levels below 1.3100 area. If the pair continues to drop the next support lies at 1.3055, if the pair bounces and rises the next resistance is at 1.3150.

    The Euro loses positions against the JPY because of still uncertain situation with European countries debts.

    The USD/JPY is lower today. The USD lost gains against the JPY and reaches new lows. The pair is trading below 83.00.

    The GBP/USD is approaching new session lows below the level of 1.5400.

    The demand for oil rises and the prices return above $90. At this point the price finished yesterday's trading.

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