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Cross-Eyeing: EUR/JPY - Trade Adjustment
My short entry orders were triggered during the morning European trading session and it looks like sellers were ready to jump all in as the pair dropped from 131.00.
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Gold Heads for Biggest Weekly Drop in Over 28 Years on Dolla
Gold headed for its steepest weekly decline in more than a quarter-century in London as the rising dollar and plunging equities curbed investor demand for the precious metal.
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Five Trading Behaviors I'm Seeing Among Traders Making Money
As I'm writing this, the ES futures are lock limit down and my email count is off the charts. Lots of fear, not much greed: fear, not only for one's trading, but for retirement savings and the economy. Most of people's money is tied up in some co
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Has the Dollar Topped Out?
In the face of Thursday’s 200 point positive and negative swings in the Dow, it could be argued that the US dollar has been relatively stable if you
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U.S. Dollar Gains Against Euro as Equity Futures Reach Limit
A bout of panic selling has brought an end to equity futures trading on Friday morning and is resulting in broad-based gains for the U.S. dollar, especially against the euro.
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Economy on edge of recession: Bank of Canada
The Bank of Canada says the Canadian economy is on the razor's edge of recession, and a full recovery is dubious and distant.
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Aussie Dollar May Drop 25% on Commodities, CBA Says
The Australian dollar, headed for the worst year since a currency peg ended in 1983, may drop a further 25 percent through March as a slowing global economy saps demand for the country's raw materials, according to CBA Europe Ltd.
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Economic Recovery May Be Long Drawn Out Process
Markets are exhibiting extreme volatility, as traders remain uncertain about how macroeconomic conditions will pan out. The Federal Reserve and governmental actions instead of calming the markets served to aggravate fears of a looming recession.
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Yen Falls Against Higher-Yielding Currencies on Bank Rescues
The yen fell as state-backed bank rescue plans in the U.S., Europe and South Korea helped alleviate a global credit crisis, encouraging investment in higher-yielding currencies.
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Aussie's plunge far from over
The Australian dollar will slump 15% in the next five months, according to Commonwealth Bank of Australia, the most bearish of 27 forecasts tracked by Bloomberg, as the US and Europe fall into recession.
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Who is REALLY Considered a Professional Forex Trader?
I feel inclined to write articles like this because I feel that the number of successful forex traders who are willing to help are greatly outnumbered by traders or programmers who are just out to make a buck at the expense of others. And as a h
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South Korea to guarantee banks' FX borrowings: media
South Korea's government and ruling party agreed on Sunday to provide local commercial banks with government guarantees on foreign-exchange borrowings from abroad for up to three years, local media reported.


