The U.S. dollar rebounded during today’s New York session after hitting a 14-month low earlier in the day. A short trade from the top of an intra-day channel on the EUR/USD currency pair produced between 85 to 130 pips [depending on exit strategy]. Curt Wehrley FX Bootcamp’s Quantitative Analyst
FOREX VIDEO - New York Session Review - October 26, 2009
Source: blogs.fxstreet.com
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Another bearish Euro piece from AEP
Ambrose Evans Pritchard is certainly consistent and it seems that this time he is taking his ‘facts’ directly from the source so there is less chance of him manipulating/massaging information to suit his case. That said, hearsay and chatter from the European banking world would seem to...
Chinese Television Accusing McDonald’s and Carrefour for Selling Expired Food
One of the world’s largest fast food chains and a french hypermarket company are being accused of selling expired food. Chinese...
US Dollar Declines Against Majors; Now At 1.1610 Versus Loonie
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Look for an Algo afternoon
In the forex market we don’t get the dog days of summer, we get the algoritim days of summer. Especially after a day like today, most treaders will head to the sidelines . That doeasn’t mean markets will quiet down. In fact, it often means quite the opposite. Machines are bloodless and...
Volatility: So Old It’s New Again
By The Sizemore Letter Writing for the New York Times, Louise Story and Graham Bowley note that large market swings are becoming a lot more...