The continuing and increasing popularity of forex trading may be relatively easy to explain, but it is much harder to justify
May cause side FX
Source: www.ft.com
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China’s Industrial Output for May rumoured to be higher than expected
There is a story printed in today’s HK newspaper, Ming Pao Daily, that the upcoming Chinese May Industrial Output number will show growth of 8.9% yoy. If this is true it will be much greater than the median forecast of 7.6% that the market is expecting and should cause a stir in the currency...
GBPUSD is facing 1.5891 support
GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and...
USDCHF is forming a cycle bottom at 1.0923
USDCHF is forming a cycle bottom at 1.0923 level on 4-hour chart. Sideways movement in a range between 1.0923 and 1.1245 is expected in a couple...
Update: Shanghai, EUR/USD and Gold
01 October, 2009 by Stephen Leahy Boston Oct 1 10:15 EST Shanghai Index: It seems to be following the same pattern as last time...
U.S. Dollar continues gains in Forex Trading today.
Monday, June 8th - The U.S. dollar has continued to be stronger in forex trading against the major currencies...