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Another EURO trade
What a day for EURO! Just as I thought it might be a boring day, I saw something was cooking in EURUSD chart. I went long during London session. This is a classical text-book style setup. OK, again, it is Trader Gav’s text book though. ...
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Forex News: Australia's Unemployment will be released at 9:30 PM
read more.
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Forex News: Fed's Fisher on the wires
HE LOOKS AT MONEY SUPPLY MEASURES; MONEY SUPPLY MEASURES PRETTY STOUT; HE DOES NOT WANT TO BE PARTY TO INFLATING ECONOMY; SAYS HE IS NOT AGAINST CUTTING RATES; HOUSING HAS "ANEMIA". IT HAS NOT HIT THE BOTTOM YET; FED RATE CUTS NOT FULLY ...
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Forex Trading: EURUSD runs out of steam at 1.5858
The EURUSD ran out of steam at the 1.5858 level and came off modestly. The market seems tired now, but not ready to give up the gains on the day. Tomorrow the ECB meets and with oil above $111.00 there is no way the inflation rhetoric ...
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CHF and JPY are showing strength
Hello everyone, Today I want to show you the setups I have pinned in my watch list for the upcoming days. They are mostly based on JPY and CHF strength, and to be more specific I am following possible short opportunities on GBPJPY, ...
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Bank of Japan Keeps Rates Unchanged, Approves Shirakawa as Governor
The Bank of Japan kept interest rates unchanged at 0.5%, which was right in line with market expectations.
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Commodity Currencies Give Back Gains
The US Dollar has made a surprising U-turn against the commodity currencies.
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Bank of England: 25 or 50?
Even though the market is dedicating the bulk of its attention to the ECB monetary policy meeting, the Bank of England announcement is actually the one...
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The Pressure on the US Dollar
- How Many Times Will Trichet Use the Words Price Stability - Bank of England: 25bp or 50bp?
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Forex Video - Carry Trades Falter As Risk Aversion Returns, What Will the BOE, ECB Do Tomorrow?
See the article...
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US Dollar Tumbles as IMF Sparks Fears of a Global Recession
Downward pressures for the US dollar flared as the International Monetary Fund forecasted a 25 percent chance of a global recession, and led investors...
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The Economy And Financial Markets Still Require The Fed's Help
The credit market was still on shaky ground last week, but there has been a clear improvement in confidence behind corporate solvency. A number of headlines...
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Bank of England Rate Cut Likely to Weigh GBP/USD Down Toward 1.9600
On Thursday, the Bank of England is widely expected to cut rates by 25bps to 5.00 percent, as tight credit conditions and a crumbling UK housing sector...
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British Pound Crosses Face Stiff Resistance
See the article...
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Euro / Yen Decline Will Continue Soon
Do not be fooled by the EURJPY rally back to 160. The larger trend is down, as evidenced by wave structure and the break of a 7+ year trendline. The decline...
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