Market Analysis

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EUR/USD Under Pressure as Markets Await ECB Policy Announcements

The EUR/USD traded within a narrow price range as the market awaited forex news regarding the results of the policy meeting of the European Central Bank. During September 3’s morning session trading, the currency pair reached a low of 1.256 before consolidating at 1.2573. Analysts predicted that the pair would reach the support level at

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Forex News – Hurricane Isaac Halts Oil Production, Politics and Economy

The predicted strength of Hurricane Isaac promises to affect not just the citizens but also the oil industry. It has been predicted that Isaac’s path along the Gulf of Mexico will hinder the production of oil, effectively raising the prices of oil. Considering the fact that oil today is already sky high, there’s a good

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USD/CAD Strengthens on Back of High Oil Prices, Possible New ECB Measures

The US dollar weakened against the Canadian dollar during August 28 (Tuesday) trading, on the back of forex news that the European Central Bank would soon implement new measures to tackle the Eurozone debt crisis. The USD/CAD currency pair hit 0.9852 during early trading, its lowest point since August 21, before consolidating at 0.9855. Analysts

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