A quiet start to the week on the data front with just credit growth numbers from Norway and we are looking for a return to growth following the surprising February decline to 5.9%. Analysts are looking for a 6.4% print for March. A sharp pick up in the corporate lending data expected. Inflation data for
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Level Technical Significance 0.9800 100 Day MA 0.9786 Daily High Mar 29 0.9722 Daily High Apr 18 0.9713 Daily High Mar 5 0.9664 21:00 GMT FRI 06 MAY 0.9568 Low May 5, 21-Day MA 0.9556 10-Day MA 0.9505 Daily Low May 4 0.9460 Daily Low May 3 Position At Open/Close Target Stop FLAT 0.9525 2011-05-03T12:06:00
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Level Technical Significance 119.21 Daily Low May 3 118.51 Tenkan-Sen Line 117.60 Daily High May 6 117.15 Hourly Res May 6 115.46 21:00 GMT FRI 06 MAY 115.43 Ichimoku Cloud Top 115.23 Daily Low May 6 114.82 Daily Low Mar 29 114.15 Daily Low Mar 28 Position At Open/Close Target Stop FLAT 115.5100 2011-05-06T12:46:00 The
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Level Technical Significance 0.8122 Daily Trend High May 2 0.8065 Daily High May 3 0.7995 Daily High May 4 0.7972 Daily High May 6 0.7909 0.7855 Intraday Low May 6 0.7816 Daily Low May 5 0.7794 Lower 21 Day Bolli Band 0.7741 38.2% Of 0.7125 – 0.8122 Position At Open/Close Target Stop FLAT 0.7930 2011-01-01T00:00:00
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Level Technical Significance 1.0952 Daily High May 3 1.0877 Intraday High May 4 1.0831 Daily Low May 3 1.0803 May 6 High, 10-DMA 1.0704 21:00 GMT FRI 06 MAY 1.0597 Daily Low May 6 1.0537 Daily Low May 5 1.0520 Daily Low Apr 20 1.0513 38.2% Of 0.9705 – 1.1012 Position At Open/Close Target Stop
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opens at 1.2375 in Far East, and traded on bearish mode straight away. Spike in the EUR, good buying in JPY crosses and post election selling weighed on the pair. It was whacked lower early on quick sale from interbank specs and leveraged names. USD/SGD dropped to low of 1.2327 immediately from 1.2375 before bouncing
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