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Profit from Currency Strength & Weakness

As forex traders our sole goal is to profit from a currency’s strength or weakness.  In other words, we look to buy when a currency is oversold and sell when a currency is overbought.  Unfortunately, one of the difficulties many new forex traders have is...

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Forex Analysis 4th May 2012 – AussieDollar

Despite a lack of meaningful fundamental news and a holiday in the UK, forex markets have provided some positive trades today in particular in the Australian and Canadian dollars which have both strengthened against the US dollar.   The moves in these “commodity dollars” has...

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Outlook for the EUR/USD this week

The tricky trading conditions of last year, seem to have continued into 2011, with last week’s volatile price action with the euro summing up the current trading picture, with currencies swinging from bearish to bullish within a few days. Nothing new there you might say,...

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BOE and ECB rate decisions today

With yesterday’s Portuguese bond auction now safely negotiated, and the collective markets having breathed a sigh of relief with the euro gaining solidly as a result, attention today will be focused on the UK and Europe, as they issue their monthly rate decisions, along with...

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Forex markets regain some composure

At the best of times, movements in the forex markets are notoriously difficult to explain, much less predict, and last year was a particularly difficult, as forex traders tried to interpret conflicting and incoherent macro economic decisions from around the world. Leading the way of...

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