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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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Euro forecast for next few weeks

Another interesting week for us as euro bears, with the single currency ending at a two month high against the US dollar, as well as posting strong rebounds against many of the currency cross pairs. Last week’s performance was of course against the backdrop of...

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Another day of bullish euro sentiment

Another day and another dollar, well not quite, as the euro continues it’s recent bullish reversal higher overnight once again, fuelled by Chinese buying, and relief that the Ecofin meeting has now concluded, although precious little was agreed. The fundamental issues still remain, with the...

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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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