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Hourly trend line stalls the lows today The USDJPY yesterday was able to extend above a swing area at the 111.35-583 area twice. And on each break, the price ran out of momentum and rotated back lower.   

Some details CNBC's Eamonn Javers reports: I'm told that the payroll tax cut in the aid deal will be for employers only, not employees. A Senior Administration Official says employees would benefit from the direct cash payments and enhanced unemployment payouts, but not from the payroll tax cut. Employers would have to pay the payroll

Cutting the number of trains does not appear to be a wise move The pound has give up more than 160 pips of gains but is still trading in positive territory on the day at 1.1821 — up 60 pips.

New packages from the SNB Full statement: ForexLive

What is the inside story about the yellow metal now? We've seen a spectacular recovery in the price of GOLD over the past week, with the yellow metal jumping 10% off the recent low. On the surface, the move can be easily reconciled. But beneath the surface, something else has been going on too

Monthly house price index If the housing market was like the bond market right now, you could sell your house to the Federal Reserve at whatever price you thought it was worth.

Higher on the day but trades between close technical levels The EURUSD only has an 89 pip trading range from high to low. That is well below the 162 pips average trading range seen over the last month of trading.  The volatility is less.

The move above the 200 hour MA was the first since March 11 The GBPUSD extended above its 200 hour MA for the first time since March 11. The 200 hour MA is currently at 1.18913 (and moving lower). The high price extended up to 1.19724 at the highs. The current price is down at […]

At the beginning of the week, the gold futures market rallied, advancing 5.59 percent on Monday and adding 5.95 percent during the following session.

Despite the gains of other major currencies against the US dollar during yesterday's trading session, the price of the USD/JPY pair is still moving inside a bullish channel.