GAINSY Hottest Forecasts

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Dropped As Cyprus Worries Weighed Over Investor Sentiment, Trading Tad Higher In The Asian Session

The pair is expected to find support at 1.2821, and a fall through could take it to the next support level of 1.2769. The pair is expected to find its first resistance at 1.2947, and a rise through could take it to the next resistance level of 1.3021....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png BOE Minutes To Show Another Split Among MPC Members

While global attention is locked on Italy's political turmoil and Cyprus bailout, we focus to the far west of Europe as the Bank of England (BOE) minutes of the March 7 meeting is to be released Wednesday March's meeting minutes are a nerve center to investors in assiduous anticipation...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Collapses On Cyprus Fears, Parliament Rejects Deposit-Tax

Cyprus's parliament overwhelmingly rejected its government's bailout deal without a single vote in favor, thwarting euro zone efforts to rescue the latest casualty of euro area's debt crisis and marking a new and uncertain phase in the thee-year old debt crisis....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Drifting South As Cyprus Crisis Weighs

The political stalemate on the bailout package for Cyprus (and on the levy on deposits) was the main factor for trading in the major euro currency cross rates. The rejection of the plan by the Cypriote parliament pushed the likes of EUR/GBP and EUR/USD to new correction lows. Today, there...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Rejects Bailout Package

The risk sentiment remained mitigated overnight as the Cypriot Parliament fully rejected the EU bailout package; to the extent where not a single voter gave his support to the plan. The Eurogroup said that the contribution from the bank depositors is inevitable; however ECB should provide liquidity in case of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Stocks Recover As Cyprus Rejects Bank Levy, UK Budget Eyed

Investors will be closely following Europe`s reaction after Cyprus`s parliament overwhelmingly rejected its government`s bailout deal without a single vote in favor. European Central Bank (ECB) offered some comfort and helped trim euro losses after assuring it was committed to providing liquidity within its limits, even after threatening to end...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png BOE Minutes: MPC Members Split 6-3 Again On APF

The Bank of England published on Wednesday the minutes of its 6-7 March policy meeting, where all members of the monetary policy committee voted in favor of keeping the benchmark interest rate at 0.5 percent, but three members voted again in favor of boosting monetary stimulus....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png King, Fisher And Miles Resume Their Call For Additional Stimulus, U.K. Jobless Claims Fall Less Than Forecast

BOE minutes for March's monetary decision showed another split regarding the amount of asset purchases as King, Fisher and Miles resumed their call for additional stimulus for a second month, while jobless claims decreased lower than forecasts....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Seek Solution, BoE Hawkish

The main drivers of the European currency markets have been the Cypriot bailout rejection and the MPC meeting minutes out of UK over the last 24 hours. EUR slipped on the fears of a potential 'psychological contagion' regarding the Cyprus bailout package, while GBP surged on the BoE minutes and...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Where Is This EURO Short Squeeze?

Euro policy makers have never made it easy for the 17-member single currency. From inception, the EUR has been trading against many odds. Socially and culturally the currency was supposedly destined to fail. However, a bakers-dozen years later, despite blundering the Cypriot bailout while myopically focusing on the country's Russian...

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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Buy at 1.2870

EUR/USD – 1.2948

Most recent candlesticks pattern : N/A

Trend : Down

Tenkan-Sen level :1.2926
Kijun-Sen level :1.2909
Ichimoku cloud top :1.2950
Ichimoku cloud bottom :1.2995

Original strategy: Buy at 1.2895, Target: 1.2995, Stop: 1.2860

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Sell at 0.9550

USD/CHF - 0.9439

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9453
Kijun-Sen level :0.9459
Ichimoku cloud top :0.9452
Ichimoku cloud bottom :0.9434

Original strategy: Sell at 0.9525, Target: 0.9400, Stop: 0.9560

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Deal is a Dangerous Game - Part II

A revised version of the Eurogroup's rescue package for Cyprus, which includes a levy on deposits was rejected by the Cypriot Parliament yesterday. In the revised version depositors with deposits below EUR20,000 would be exempt. Nevertheless, no one in Parliament voted in favour of the plan....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png UK Budget 2013: No Fatal Blow for Sterling

The market reaction to today's UK Budget for 2013/14 has been fairly muted so far. The FTSE 100 might be lagging its counterparts in Europe, but at the time of writing it remained in positive territory, likewise, Gilt yields are close to their lowest level of the year and the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Sterling Recovers on BoE Minutes, FOMC Next
(GAINSY Technical Analysis)

Sterling recovers after earlier dip today as BoE minutes revealed that the MP voted 6-3 to keep the asset purchase program size unchanged at GBP 375b. Governor King, MPC members Miles and Fisher voted for a GBP 25b expansion. But it was voted down as majority of members saw that...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Buy at 1.2870

Euro’s recoil after falling to 1.2844 earlier this bank week suggests a temporary low is possibly formed there and consolidation with mild upside bias is seen for test of resistance at 1.2979 (yesterday’s high), fracture of this resistance would add credence to this view and bring a stronger recoil to 1.2996 (previous resistance), however, fracture there is needed to retain near term bullsihness for retracement of recent decline towards 1.3040-50 later but price should falter below 1.3075-80...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Sell at 0.9550

Despite overnight brief fall to 0.9413, lack of follow through selling and the subsequent recoil suggest further consolidation would be seen and test of 0.9475-80, then 0.9491 resistance cannot be ruled out, however, as top has been formed at 0.9567, upside should be limited to 0.9540-50 and bring another decline later. A firm breach below said support would suggest the recoil from 0.9380 has ended and bring resumption of the decline from 0.9567 top for retest of 0.9380, then 0.9350 but previous resistance at 0.9339 should limit downside and reckon 0.9300 would hold...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/JPY – Stand aside

Although the single currency recoiled again yesterday to as high as 124.50, above 125.00 is needed to suggest the pullback from 126.03 (last bank week’s high) has ended and bring further gain to 125.79 resistance, fracture there would signal upmove has resumed in wave v for a retest of 126.03. Looking ahead, above this resistance would signal recent upmove has resumed for further subsequent gain to 126.50-60, then 127.00-10 which is likely to hold on first testing...

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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Bernanke Left QE Unchanged, Revised Economic Forecasts Amid More Restrictive Fiscal Policy

As expected, Fed officials left the policy rate unchanged and the asset purchases at US$ 85B. Policymakers acknowledged improvements in economic developments since the January meeting but indicated the still-high unemployment rate would be a hindrance for the Fed to achieve its dual mandate. The staff projections were downgraded modestly...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Stays in Range after FOMC, Data Lifted Asian Markets

USD remains in range as Fed repeated its recent messages after FOMC meeting overnight. Stocks strengthened with DOW hitting a historical intraday high of 14546 before closing firmly at 14511. As expected, the Fed left the policy rate unchanged and the asset purchases at US$ 85B. Policymakers acknowledged improvements in...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png FOMC Meeting: Message Repeated

There were only minor changes to the wording of the statement compared to the January meeting. The recent improvement in economic data was acknowledged, but fiscal policy was seen as more restrictive following the sequester and the FOMC continues to see downside risks to economic growth. The most important change...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Asia Session: NZ's Q4 Growth Stuns The Market

New Zealand recorded its fastest quarter of growth in three years during the three months ended December 31, posting an impressive 1.5% q/q increase in GDP. This was significantly more than the 0.9% increase the market was expecting and almost doubles the central bank's 0.8% estimate, thanks to retailing and...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Gained As Fed Maintained Asset-Purchase Program

The pair is expected to find support at 1.0231, and a fall through could take it to the next support level of 1.0212. The pair is expected to find its first resistance at 1.0273, and a rise through could take it to the next resistance level of 1.0296....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swiss Franc Trading Tad Lower This Morning

The pair is expected to find support at 0.9413, and a fall through could take it to the next support level of 0.9377. The pair is expected to find its first resistance at 0.9484, and a rise through could take it to the next resistance level of 0.9519....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: JPY Trading Tad Higher, Japan's Trade Deficit Widens

The pair is expected to find support at 95.20, and a fall through could take it to the next support level of 94.52. The pair is expected to find its first resistance at 96.36, and a rise through could take it to the next resistance level of 96.83....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: GBP Trading Higher In The Asian Session

The pair is expected to find support at 1.5034, and a fall through could take it to the next support level of 1.4949. The pair is expected to find its first resistance at 1.5195, and a rise through could take it to the next resistance level of 1.5271....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Trading Tad Lower In The Asian Session

The pair is expected to find support at 1.0359, and a fall through could take it to the next support level of 1.0344. The pair is expected to find its first resistance at 1.0398, and a rise through could take it to the next resistance level of 1.0422....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Gained As Cyprus Fears Eased

The pair is expected to find support at 1.2882, and a fall through could take it to the next support level of 1.2820. The pair is expected to find its first resistance at 1.2993, and a rise through could take it to the next resistance level of 1.3042....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR On Hold, GBP Buoyant

There has been no improvement in the Cyprus bailout crisis. The Cyprus banks, which would normally open their doors today, will remain closed today and Friday to avoid a massive bank-run in the island. MNSI reported that Troika wants to close two Cypriot banks, while Germany's Merkel said that the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Succeeds Technical Rebound Despite Cyprus

The lingering crisis on the Cypriot rescue package had hardly any negative impact on global markets. The euro even succeeded a limited technical recoil. Sterling found support as the BoE didn't come closer to further easing. The FOMC meeting had only limited impact on currency trading....

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 94.85

Although the greenback has retreated after rising to 96.14 yesterday and consolidation with mild downside bias is seen for weakness to 94.85-90, reckon support at 94.73 would...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Buy at 1.2870

Although euro has retreated after rising to 1.2979 yesterday, if our view that a temporary low formed at 1.2844 is correct, downside should be limited to 1.2865-70 and bring...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5055

Despite intra-day brief rise to 1.5210, lack of follow through buying and current retreat formed a small shooting star on the hourly chart and consolidation with mild...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Sell at 0.9550

Although the greenback slipped to 0.9413 yesterday, lack of follow through selling and the subsequent recoil suggest further consolidation would be seen and test of 0.9491...

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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Sentiments Deteriorated as ECB Set March 25 Deadline for Cyprus

Sentiments were once again weighed down by development in Cyprus as well as weak Eurozone economic data. ECB threatened to cut emerging funding to Cyprus if it fails to agree on the bailout deal by March 25. According to a statement, the ECB "decided to maintain the current level of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD Intraday Forecast

AUD/USD's recoil from 1.0115 resumes today and reaches as high as 1.0439 so far today. Intraday bias is back on the upside. As noted before, fall from 1.0597 is already finished at 1.0115. Rise from there would now extend to retest 1.0597/0624 resistance zone first. On the downside, fracture of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Recovers Losses As Markets Price In Risk
(GAINSY Fundamental Analysis)

The euro (EUR) recovered previous losses versus the US dollar (USD) after markets better priced in the risks associated with the Cypriot bail-in. The pair moved back up to 1.2969, which looks like its new resistance area, before correcting to 1.2935. The debt ridden island nation is expected to come...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Fed And BoE Converges, Cyprus Closed

The tensions regarding the Cyprus bailout is turning into a psychological crisis in the Euro-Zone. The Cypriot banks postponed their reopening to Monday, but the ECB warned that it would cut the funding that day. As Merkel insists that the depositors over EUR 100K should be ready to contribute to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Flashing Red Data Knocks the Wind Out Of The EURO

A few subtle threats and a lot of red flashing are attempting to erode the single currency's recent resilience. Russia is supposedly reconsidering the EUR in the structure of its gold and forex reserves in light of the Cyprus situation an undertone threat in retaliation to European authorities obsession...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro area: PMI Weakness Due to Chinese New Year

French PMIs remain alarmingly weak. French service PMI fell from 43.7 to 41.9. Service sector business expectations fell from 50.4 to 47.5. All Service PMI sub-indices but employment declined. Outstanding business, business activity and new business indices are all below 43. French PMI manufacturing was unchanged at 43.9 but French...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png More Woes Heaped on EUR

It has been a fairly quiet morning so far. There is a slight risk off tone to the market in the London session, stocks are lower and FX is stuck in fairly tight ranges. The Kiwi dollar is still the best performer in the G10 after stellar GDP data was...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Buy at 94.85

USD/JPY – 95.34

Most recent candlesticks pattern : N/A

Trend : Up

Tenkan-Sen level : 95.49
Kijun-Sen level : 95.58
Ichimoku cloud top : 95.26
Ichimoku cloud bottom : 95.24

Original strategy : Buy at 94.85, Target: 96.00, Stop: 94.50

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Buy at 1.5055

GBP/USD - 1.5172

Most recent candlesticks pattern : Shooting star

Trend : Near term up

Tenkan-Sen level : 1.5162
Kijun-Sen level :1.5150
Ichimoku cloud top :1.5097
Ichimoku cloud bottom :1.5097

Original strategy : Buy at 1.5055, Target: 1.5205, Stop: 1.5020

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Canadian Retail Sales Rebound in January

Retail sales rose 1.0% in January 2013 following a downwardly revised 2.3% decline (was -2.1%) in December 2012. Much of the strength in overall sales in the month reflected a 2.8% recoil in auto sales following an outsized 6.5% (was 6.4%) drop in December. Excluding the auto component, sales rose...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Existing Home Sales Rose Modestly in February

Existing home sales in the US rose to 4.98 million annualized units in February 2013 from the revised 4.94 million reported in the previous month (previously reported as 4.92 million). Market expectations had been only marginally higher at 4.99 million annualized units....

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.pngForex Signal: USD/JPY – Hold long entered at 94.85

Yesterday’s cross-inspired selloff suggests caution on our long position entered at 94.85 and 94.50 needs to hold to retain bullish prospect for another recoil, above the Kijun-Sen (now at 95.25) wiould bring test of the Ichimoku cloud top (now at 95.73) but fracture there is needed to signal the fall from 96.14 has ended and bring a retest of this level later, however, only fracture there would retain bullishness and signal fall from 96.71 has ended at 93.50, bring further gain to 96.25-30...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: GBP/USD – Buy at 1.5055

Although the British pound has recoiled after yesterday’s brief retreat, loss of upward momentum should prevent sharp move beyond 1.5219-23 (38.2% Fibonacci retracement of 1.5845-1.4832 and previous resistance) and reckon 1.5255-60 would hold from here, risk has increased for a minor correction, below 1.5125-30 would bring retracement to the Ichimoku cloud (now at 1.5107-08) and renewed buying interestst should emerge around 1.5040-45, bring another upmove later...

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(GAINSY Elliott Wave Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 1.0370

Yesterday’s rally signals the rise from 1.0116 low is still in progress and we are keeping our view that 2nd c leg of the complex correction has ended at 1.01166, bullishness remains for this move to extend further gain 1.0500-10 and possibly to 1.0550 would be seen, however, loss of

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY – Sell at 123.30

Despite recoiling to 124.50 earlier this bank week, the subsequent selloff suggests near term downside risk remains for the fall from 126.03 top (last bank week’s high) to bring further weakness to 121.00, however, as this move is viewed as the c leg of the wave iv, downside should be limited to

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Vulnerable as Cyprus Rushes to Plan B
(GAINSY Technical Analysis)

Financial markets were generally weighed down by the escalated problematic situation in Cyprus. DOW decreased -90 pts overnight and was followed by broad based weakness in Asian equities. Euro is relatively steady after the news and is just hovering at around 1.29 against dollar. Nonetheless, it remains vulnerable to deeper...

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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases