January 19th, 2010 14:54:32 GMT

What can’t go down…

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EUR/USD is seeing some short-covering after the latest foray to the downside failed to penetrate the repeated zone of support at 1.4255/60. Offers are seen on rallies to the 1.4330/35 area while trailing stops are seen above 1.4340. Similar price … Continue reading

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January 18th, 2010 00:00:56 GMT

Australian inflation on the rise

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The TD gauge of Australian inflation has increased to an annual level of 2.6%. This will increase the chances of a 25 bps rate rise by the RBA early next month.

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