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Daily Economic Roundup - January 7, 2011
Good day fellow traders! Was the first week of 2011 profitable for you? Well, don't pass up the chance to catch some pips today, but make sure you drop by my economic roundup first!
23 votes
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Daily Chart Art - January 7, 2011
For today, I've got them dope looking charts of EUR/CHF, GBP/JPY, and USD/CAD. Go ahead and take a look, I know you want to!
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Sentiment + Momentum = Trend
If it all begins with sentiment, then the logical question to ask would be: What effects sentiment? Sentiment in a basic way can be described as bullish or bearish opinion. They are always both present in the market, however, it's the balance of
31 votes
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Cowabunga System Daily Update: Thursday, 01/06/10
Today was a good day as I was able to grab 21 pips thanks to the Cowabunga system. See how it all went down in today's Cowabunga Surf Report.
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C$ weakens as greenback rises on Europe woes
The Canadian dollar edged lower against the U.S. currency on Monday as the greenback rose on persistent fears about euro zone debt concerns.
4 votes
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Bernanke Goes on 60 Minutes, EU Fin. Min. Dither in Brussels
Which story will dominate this week? Will the focus turn to a soft US Dollar if market starts pricing in more quantitative easing or will the troubles in the Euro-zone flare up again? Bernanke said more bond purchases are possible, while Germany
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FX Levels and Outlooks 12.6.2010 GBP/JPY EUR/JPY EUR/GBP
The GBP/JPY pair has been bearish last week, and was not able to pullback above the 132.00 pivot. This week, the market started under 131.00, and was not able to break above it. Instead it slid below the 130.05 minor pivot and is testing the 129.
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FX Levels and Outlooks 12.6.2010 USD/CAD AUD/USD Gold
The 1.0090, or more precisely the 1.0080 pivot is providing resistance at the moment for the USD/CAD, which is also supported at the 1.00 level. On the upside, the market has 1.0120 (38.2% retracement) to clear, then a 200SMA in the 1H chart, whi
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Wheat rises again on Australia rain, dollar curbs
U.S. wheat futures rose 1 percent on Monday to add to a 13 percent surge last week as unrelenting harvest rain in Australia kept operators nervous about dwindling global supply of milling wheat.
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Chinese trade center to open in Moscow
The transition to the use of national currencies will not be quick; it should take into account the real interests of the participants.
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Forex Weekly Outlook
A complete look at the week ahead including a review of the main currency, equity and commodity futures and how they will effect trading in the Forex market.
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US Data Was Substantially Weaker Than Expected
The Euro consolidated comfortably above 1.3220 against the dollar ahead of the US payroll data on Friday. The US data was substantially weaker than expected with the increase in non-farm employment held to 39,000 for November from a revised 172,0


