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Forex Technical & Market Analysis: November 29 2012

2012-11-28 11:24 GMT EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain’s four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European […]

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QE3 may spark a Currency War as Traders anticipate more CB Intervention

In an article featured by the Financial Times dated September 26, 2012, writer Alice Ross raised the possibility that the Fed’s new round of quantitative easing dubbed as QE3 may spark a currency war. Other countries, particularly Japan and Brazil have openly criticized the QE3 claiming that it is an intentional ploy by the Fed

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Tips to Navigate Bull or Bear Markets

US Dollar Trades Lower Against Euro Following Profit Taking on Bullish Forex News

The US dollar traded lower against most other major currencies following bullish forex news that caused prices to rise to the point where traders began profit taking by selling the greenback, erasing its earlier gains. In September 26 Asian trading, the EUR/USD reached 1.2906, a 0.05% increase. The currency pair breached the 1.2000 mark and

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SAT, ACT Results out Already, State of Education Affects Market Volatility Greatly

It’s official: SAT and ACT results prove to show that high school students, on the average, all over the US do not have enough skills to make it through college. The disappointing college entrance examination results is not just a big announcement in connection to the state of the Union, it is likewise a big

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Global Forex News Center

USD Continues its Gains thru Risk Aversion and then Some Several trading days prior, some economists dismiss the continued gains of the US dollar (USD) as more a product of risk aversion and a weakness of the EURO. However with several USD indicators performing better than expected, it would seem that the USD as a

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Dollar Trades Higher Against Euro on Declining German Business Outlook

The US dollar traded broadly higher against the euro following negative forex news coming out of Germany. During the US trading session, the US dollar traded at 1.2909 against the euro, a greater than one week high. The European currency weakened following news that the Ifo business climate index, which measures German business confidence, fell

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