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Long GBP/JPY
On Thursday, we went long the GBP/JPY at 130.65 as the pair looked likely to test, and then break above the 10-day SMA, with daily studies last week indicating that the pair was oversold. Currently, it has indeed broken above this simple moving a
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3 Easiest Ways to Become a Successful Forex Swing Trader
What is forex swing trading? In a simple definition, this is just a way in which a forex market moves in a swing or,say, zigzag manner over a period of time. It is placing a trade in a major support and resistance area accurately, especially in a
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Canada’s Economy Bolsters Canadian Currency
The Canadian dollar rose against its U.S. counterpart, paring previous losses, and extended its rally versus the euro today on the signs of the record economical growth and on rising oil prices, which caused the speculations that the central bank
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Canadian Dollar Makes Modest Gains
The Canadian dollar continued to make modest gains verses the US dollar midday Monday. The Canadian currency's strength was tied to a strong Canadian equity market, rising crude oil prices, and an expected increase in interest rates from the Bank
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I love this Trend...
As a trader, over the years many traders told me , the trend is your friend, well... it not so clear, you can use it in case you know the S&R ,i like i
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Stochastic Oscillator Stack
Multi Stochastic Oscillator Stack MT4 Indicator will allow you a lot more info about market then classic one.
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Month-End Flows Help JPY Crosses Bounce
The very early part of the session, when only the interbank market was open, was notable only for a stop-loss hunt in the cable which took prices down to a low of 1.4360 although the low since 7am in Sydney has been 70 pips above there.
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Oil edges up as dollar weakens
Oil prices edged higher in Asian trade on Monday as the dollar weakened against the euro, spurring investor demand for crude futures, analysts said.
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NZD up in restrained trade
The New Zealand dollar rose today on month-end position squaring and also because the euro and Australian dollars were firm.
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House prices up 2 percent in May
House prices in England and Wales are 2.0 percent up on a year ago, the biggest annual rise since January 2008, though non-seasonally adjusted monthly data point to a slowdown, property data company Hometrack said Monday.
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EURUSD To Find Support At The 1.2142/76 Levels.
EURUSD: While EUR is vulnerable to the downside after its failure to build on its previous week gains at the end of the week, we look for the 1.2142/53 zone to provide a strong support and turn the pair higher again if tested.
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Daily Economic Roundup - May 31, 2010
Holy Smokes Pip Diddy, that is a large number of economic reports on this week's calendar! It looks like the majors will be in for a wild ride this week!


