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Rey Nuevo

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  5. A Forex signal is a suggestion for entering a trade on a specific currency pair, usually at a specific price and time. The signal supplied to subscribers of the Forex signal service is usually generated by a human analyst. Due to the precise and timely nature of Forex signals, they are usually sent out via email and the website.

     

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  6. FXstreet.com (Córdoba) - The euro trimmed most its Friday's gains during the American afternoon and briefly fell below 1.2300 as investors assess the consequences of different policy options the European Central Bank may take to stem the debt crisis.

     

    EUR/USD rose to a high of 1.2389 after Bloomberg reported European Central Bank President Mario Draghi would favor giving the ESM a banking license and would meet with German's Bundesbank President Weidmann, but gave up more than 100 pips before the 1.2280 area contained the slide.

     

    At time of writing, EUR/USD is trading at the 1.2315 zone, still up 0.3% on the day. EUR/USD is about to post its first weekly gain in a month, up 1.6%, as several policymakers pledged to support the euro whatever it takes, sending strong signals to financial markets ahead of ECB policy decision next week.

  7. FXstreet.com (Buenos Aires) – Dollar has been smashed against most rivals for the past 2 days, as ECB Draghi came to the rescue yesterday, stating the ECB is ready to do whatever it takes to save the euro. EU authorities today, spent most of the day cheering the statement. Next week, we will see if words can be supported with actions. In the meantime, high yielders consolidate at weekly highs against the greenback, with the EUR/USD steady around 1.2360 and GBP/USD around 1.5725.

     

    The EUR/USD has broken above 1.2330 area that capped the upside for most of this July; if the ECB actually acts, a midterm bullish continuation rally will likely follow, and an interim bottom may be called in the 1.2041 posted earlier this week. So far, the daily high remains at 1.2367. For the GBP/USD, the picture is a bit less clear as the pair stalled at key 1.5770 area which is past June monthly high. According to Valeria Bednarik, FXstreet.com chief analyst, “pound needs to clearly break this area to confirm further strength on the days to come.”

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  9. FXstreet.com (Barcelona) - The standout event for Asia is the Australia Q2 CPI report, which according to NAB research team, is not expected to have a material impact on RBA policy expectations for the next week board meeting unless the two core measures deviate sharply from the 1.9% YoY consensus estimates.

     

    NAB note reads: "A significant upside surprise would see expectations for another near term RBA rate cut pared back (about 50% for the August meeting) with positive implications for the currency. On a downside surprise, even though we regard benign inflation readings as a necessary but not sufficient condition for further easing, knee jerk currency reaction should be negative."

     

    In any event, NAB warns that worsening sentiment running into the release may limit a bullish reaction on a surprise upside outcome; "as things stand, there may be a bigger negative reaction to a downside surprise, putting 1.0200 under threat" NAB says.

  10. FXstreet.com (Córdoba) - The euro weakened broadly on Friday, falling to fresh 2-year lows against the dollar after Spain's Valencia region asked for financial aid from the central government, fueling fears the country will need a full bailout.

     

    EUR/USD dropped to its lowest rate since June 14, 2010 at 1.2143 as Spanish 10-year yields soared to a fresh euro-era high of 7.32% and the spread over the German bunds topped 600 bp. The Spanish stock index Ibex-35 closed 5.8% down.

     

    Also on Friday, the rating agency Egan-Jones cut the Iberian country rating for the fourth time in nearly 3 months to CC+ from CCC+. Against this backdrop, the Eurogroup formal approval of Spanish bank bailout failed to offset the gloom.

     

    Meanwhile, the shared-currency also hit a 3 ¾-year low versus the pound, and a 12-year low against the yen. The euro also printed new record lows versus the AUD, the CAD and the NZD on Friday and hit multi-month lows against the NOK and SEK.

     

    EUR/USD is currently quoting at the 1.2150/60 area, recording a 1.0% loss on the day and a nearly 0.8% weekly decline. It was the third weekly decline in a row for the pair.

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