Featured \Nick Nasad \ 12:40 PM EST \ September 8th, 2010
A successful debt auction by Portugal helped to ease short-term concerns about European sovereign debt and boosted the Euro against most of its rivals. The Bank of Canada hiked rates to 1% and the Canadian Dollar rallying as a result. We also take a look at Japanese orders, UK housing prices, and German trade and industrial production.
DRodriguezFX: Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. 15 minutes ago from TweetDeck
DRodriguezFX: I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. 30 minutes ago from TweetDeck
DRodriguezFX: In short: COT data still shows an overhang in USD-long positions vs EUR, and options traders betting on/hedging against EURUSD strength. 1 hour ago from TweetDeck
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Daily Video Recap: BOC Raises Rates, Portugal Debt Auctions Lifts Euro
Featured \ Nick Nasad \ 12:40 PM EST \ September 8th, 2010A successful debt auction by Portugal helped to ease short-term concerns about European sovereign debt and boosted the Euro against most of its rivals. The Bank of Canada hiked rates to 1% and the Canadian Dollar rallying as a result. We also take a look at Japanese orders, UK housing prices, and German trade and industrial production.
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