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GBP/USD Rises to the Challenge of our 3rd Tier Downtrend Line
By Fast Brokers - The Cable continues its brisk climb, forming a v-shaped recovery from last week’s pullback. The currency pair is...
Geithner/ Yosano meet in Italy
A day after his warm endorsement of US Treasuries. Japanese finance minister Yosano is meeting with Treasury Secretary Geithner. So far the only headline is that they’ve agreed on the need for stiff sanctions on North Korea. Any further comments are likely to be dollar bullish as Yosano is...
Forex Trading Secrets: How to Profit from the G8 Summit
From the beginning of the week until 06:00pm GMT Thursday, virtually every currency was rising against the US dollar. Demand for riskier, higher yielding ... See all stories on this...
Chinalco/Rio failure won’t harm China/Australia relationship
A Chinese Ministry of Commerce spokesperson is on the Reuters newswire saying that the recent failed deal between Chinalco and Rio Tinto will not harm Australian/Chinese relations. The AUD/USD is up 10 pips at...
Is this the driver today?
There has not been that much talk on the topic today but the considerable chance that Iran’s Ahmadinejad could lose his reelection bid tomorrow could be supporting markets today. The story hits all the right notes, potentially dampening geopolitical tensions in the Middle East, boosting...