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US GDP - Round 2

posted by Avatar supertrader 1005 days ago in USD, Fundamental, GDP

Consumer spending picked up pace by 0.4% in June, propelled by higher gasoline prices and increased purchases of nondurable goods. With consumer activity making up more than two-thirds of the US economy, could we see a boost in GDP figures? read more
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Short GBP/USD

posted by Avatar supertrader 1215 days ago in USD, GBP, Technical made popular 1215 days ago

What's up Forex Fanatics! Got a simple technical setup on Cable forming that may be another excellent opportunity to short the British Pound against the US Dollar...let's check it out! read more
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Short EUR/JPY

posted by Avatar supertrader 1216 days ago in EUR, JPY, Technical made popular 1216 days ago

Good Afternoon! Today the Euro rallied across the major currencies, bringing EUR/JPY up as high 118.00. This has created a couple of simple technical setups for a short trade. Will sellers dominate once again? read more
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Swiss Franc Sinks Against Majors After Money Supply Report

posted by Avatar supertrader 1375 days ago in CHF, Fundamental made popular 1375 days ago

The Swiss franc dropped versus its major counterparts on Wednesday in New York, including hitting a fresh multi-month low against the greenback. Investors considered a report showing Swiss money supply grew at a slower pace in July. read more
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Canadian Dollar Erases Declines as Crude Gains on Inventorie

posted by Avatar supertrader 1375 days ago in CAD, Oil made popular 1375 days ago

Canada's dollar erased losses after a report on gasoline inventories boosted oil prices. read more
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BoJ Retains Key Interest Rate; Says Economic Growth Slow

posted by Avatar supertrader 1376 days ago in JPY, GDP, Inflation made popular 1376 days ago

The Bank of Japan's Board of Governors voted to leave the overnight call rate unchanged at 0.50% for the 21st consecutive meeting at the conclusion of its two-day monetary policy meeting in Tokyo. In a move that was widely expected, the board vot read more
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Dollar Rises Versus Euro as Wholesale Prices Exceed Forecast

posted by Avatar supertrader 1376 days ago in USD, Inflation, Manufacturing made popular 1376 days ago

The dollar rose versus the euro after a government report showed wholesale prices increased in July twice the amount economists forecast. read more
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Gold and the Dollar

posted by Avatar supertrader 1377 days ago in USD, Gold

I'm not a goldbug. Way back on April 16th I wrote as part of this post, "Give me a fundamentally sound reason to buy the dollar, and I will." I don't belong to the world of kneejerk hatred of fiat currencies, conspiracy theories and suchlike. Fo read more
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More Thoughts on Mindful and Mindless Trading

posted by Avatar supertrader 1381 days ago in Trading Psychology made popular 1381 days ago

I was pleased to see that my recent post offering thoughts on trading stress and emotions generated a bit of controversy. I appreciate comments to the posts, including those that push back and stimulate a little more consideration of the issues i read more
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Inflation Heating Up, But Some Think It Won't Last

posted by Avatar supertrader 1381 days ago in USD, Fundamental, Inflation made popular 1381 days ago

U.S. consumer prices climbed at twice the rate expected in July and job prospects kept softening last week, adding to the country's economic woes. read more
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Weekly Jobless Claims Show Smaller Than Expected Decrease

posted by Avatar supertrader 1381 days ago in USD, Fundamental, Employment made popular 1381 days ago

Thursday morning, the Department of Labor released its report on initial jobless claims in the week ended August 9th, showing that jobless claims decreased by much less than economists had been expecting. read more
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Gold Ends Eight-Session Losing Streak With 2% Gain

posted by Avatar supertrader 1382 days ago in USD, Gold made popular 1380 days ago

Gold surged on Wednesday and closed higher for the first time in nine sessions. December gold moved to $831.50 an ounce, up $16.90 for the session. The metal touched as high as $836.40 in mid-day trading. Gold has closed lower in each of the prev read more