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Obama Knocks Dollar for Six
Thursday, January 21, 2010 - 6:28pm | 157Read More...The dollar fell dramatically against the YEN earlier today after President Obama introduced plans to control risk-taking by various financial institutions. His statements included measures to prevent banks from sponsoring, owning or investing in hedge funds for their own profits. The market...
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Euro Collapses to Six Month Lows
Thursday, January 21, 2010 - 10:09am | 214Read More...The Euro has had another torrid night as the EURUSD fell to levels not seen for six months. The Euro-zone is presently plagued with serious fiscal concerns not only of Greece but other member countries as well. In addition, selling pressure on the Euro has mounted after a recent break of a very...
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Japanese Candlestick Patterns – Bearish Patterns
Thursday, January 21, 2010 - 7:33am | 432Read More...Japanese Candlestick Patterns were used in Japan to analyze rice contract prices in the 17th century. They help determine who is winning the forex market: Bulls (buyers-traders who expect the market to go up and start buying currency pairs) or Bears (sellers-traders who expect the market to go down...
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EURUSD Slides after Major Technical Break
Wednesday, January 20, 2010 - 10:57am | 225Read More...The EURUSD extended its decline further during the night after the pair sustained a clear technical break of its 200-day moving average line. Fundamentally, the Euro is struggling to deal with Greece’s ballooning debt that is also increasing worries about the financial state of other member...
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Japanese Candlestick Patterns – Bullish Patterns
Wednesday, January 20, 2010 - 8:19am | 460Read More...Japanese Candlestick Patterns were used in Japan to analyze rice contract prices in the 17th century. They help determine who is winning the forex market: Bulls (buyers-traders who expect the market to go up and start buying currency pairs) or Bears (sellers-traders who expect the market to go down...
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New Chinese Policy Boosts Dollar
Tuesday, January 19, 2010 - 6:43pm | 139Read More...A new Chinese move to tighten its monetary policy increased risk aversion today providing the Dollar with a secondary boost after an initial one was generated by net capital flows into US assets rebounding during November. The Euro, however, continued to suffer following a deterioration in German...
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US Dollar Ends Almost Flat
Tuesday, January 19, 2010 - 10:17am | 164Read More...The US dollar had a mixed day in Asia today, with market sentiments affected by developments in the corporate sector. The day for the dollar almost ended where it started. While at the start of the day, the US dollar lost against almost all major currencies in Asia, it got support after the euro...
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Euro Stumbles Following German Data Disappointment
Tuesday, January 19, 2010 - 10:16am | 192Read More...The Euro has had another bad night as it plunged against most of the other major currencies. These latest negative moves resulted from the release a short time ago of a poor German sentiment survey whilst Greece’s fiscal problems still haunt the Euro-zone. Earlier this morning, the German ZEW...
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Basic Forex Technical Analysis Tools/Basics of Charting – Part 2
Tuesday, January 19, 2010 - 7:28am | 303Read More...Technical Analysis tools help traders analyze, identify and understand market conditions and behavioral patterns, and predict price movements. A trader, depending upon his predetermined duration in the forex market, should decide upon which type of chart(s) to use. For example, a short-term trader...
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Greek and German Woes Undermine EURO
Monday, January 18, 2010 - 11:39am | 209Read More...The Euro-zone is still struggling to cope with the deteriorating Greek fiscal situation. Anxiety intensified overnight amidst fresh concerns about the ballooning nature of Greece’s financial deficit. Consequently, the markets will be on alert today for any fresh official insights. Indications that...
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Basic Technical Analysis Tools/Basics of Charting – Part 1
Friday, January 15, 2010 - 7:27am | 200Read More...Technical Analysis tools help traders analyze, identify and understand market conditions and behavioral patterns, and predict price movements. A trader, depending upon his predetermined duration in the forex market, should decide upon which type of chart(s) to be used. For example, a short-term...
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Dovish Trichet boosts Safe-Haven USD and YEN
Thursday, January 14, 2010 - 12:23pm | 252Read More...Earlier this morning, the US and the Euro-zone posted a sequence of very important economic data releases and statements which are currently influencing Forex. US advanced retail sales for December surprised the markets by registering a fall of 0.3% against an expected rise of 0.5%. In addition,...
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Ten Ways for Real Time Traders to Stay Focused Part II
Thursday, January 14, 2010 - 10:12am | 485Read More...Here are the remaining five ways in which a real time trader can remain focused: Self Accountability: You should always remember that only you are responsible for the profits earned/losses incurred in the forex market. Profitable positions are always available in the market and so, market...
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Stimulus Remark Aids British Pound
Wednesday, January 13, 2010 - 8:03pm | 159Read More...The EURUSD hit its highest level since 16th December after the markets concluded that China’s recent monetary policy tightening would not have any serious impact on its own economy. Although the EURUSD achieved 1.4582, it failed to sustain this level because of concerns regarding a contracting...
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China’s Comments Ignite Euro
Wednesday, January 13, 2010 - 9:45am | 212Read More...The most important event of the night was China’s central bank raising its required banking reserves ratio. This move caused investors to unwind their previous day’s Yen selling positions resulting in the USDYEN climbing by over 60 pips to its current 91.30. After the markets decided that China’s...
