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Instantly Increase your Profits With the 80 – 20 Rule

posted by neorix 707 days ago in Special, Trading Psychology made popular 707 days ago

The 80-20 rule was not devised for Forex trading – however if you apply it in your trading, you’ll instantly increase your profit potential. The rule is simple to understand and apply – and all Forex traders should use it.

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Gold vs. Dollar Correlation

posted by neorix 708 days ago in USD, Gold

With gold trading at a record high, we wanted to highlight the shifting correlation between it and the US dollar. Normally, when gold rallies, the dollar declines and vice versa.

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Yen Strengthens for 5th Day

posted by neorix 709 days ago in JPY, Trade made popular 709 days ago

The yen rose for a fifth day against the dollar after Japanese Prime Minister Naoto Kan pledged to cut the world’s largest public debt, saying failure to do so may undermine the country’s sovereignty.

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Short EURGBP, USDCHF and AUDCAD; Pending GBPJPY, GBPAUD

posted by jirachi 709 days ago in USD, CHF, Daily made popular 709 days ago

Price action over the past 12 hours has been very interesting. Volatility has increased significantly from yesterday and a few stand out currencies posting extraordinary moves. However, through this, there is little consistency in the fundamental

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Gold hits record high US$1,248

posted by hachibi 709 days ago in USD, Gold made popular 709 days ago

Gold for August delivery, the most active contract, added $18.20, or 1.5%, to settle at $1,248.70 an ounce on the Comex division of the New York Mercantile Exchange. That left the June 8 record close of $1,245.60 as a distant memory.

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US jobless claims rise

posted by hachibi 709 days ago in USD, Employment made popular 709 days ago

New US claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

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Oil prices drop

posted by jirachi 709 days ago in USD, Oil made popular 709 days ago

Oil prices dropped below $US77 a barrel as investors lost confidence in a three-week rally amid signs of weak crude demand in the US, the world's biggest energy consumer, and a modest, uneven economic recovery.

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USD/JPY Rebounds From 90.50/55 Support

posted by neorix 709 days ago in USD

It’s comeback is almost as quick as its decline…USD/JPY has bounced back to the 90.90s after finding solid buying just ahead of 90.50. We’ve overcome offers at 90.90, an area that was replete with stop-loss orders on the way lower and now trade

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Euro rises above $1.24 to hit session high

posted by RogerTerr 709 days ago in EUR, Fundamental made popular 709 days ago

The euro extended gains versus the U.S. dollar to rise above $1.24 on Thursday after a strong Spanish bond sale soothed worries about the country's public finances.

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King Says BOE Will Start Stimulus Exit by Raising Rate

posted by walteros 709 days ago in GBP, Fundamental, Inflation made popular 709 days ago

Bank of England Governor Mervyn King said officials will probably raise interest rates before selling bonds when they decide to remove stimulus in the economy, which is still struggling to shake off the effects of the recession.

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Gold hits $1,244, 1-week high

posted by Evan 709 days ago in USD, Fundamental, Gold made popular 709 days ago

Gold is rising considerably on Thursday favored by a weak Dollar that is falling across the board as market sentiment improves.

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USD/CHF – Sell at 1.1230

posted by abski 709 days ago in USD, CHF, Technical

Dollar’s intra-day selloff partly due to renewed cross-buying in Swiss franc signals recent decline from 1.1730 top is still in progress and further weakness to 1.1100 would be seen.

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