Talk of a bailout package for the European Union doesn’t offset fear of US auto defaults spurring another credit crunch. Canadian inflation data and Bank of Japan rate decision represent top event risk for Friday.
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Our forex trading signals saw mixed performance through the past seven days of trading, as our Momentum-based strategies continued to outperform while Breakout and Range signals were comparatively disappointing.
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EURUSD – Currency trading crowds have recently bought the Euro against the US Dollar, and we forecast that the sudden shift in sentiment may bring Euro weakness against its US counterpart.
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EURUSD - Euro Forecast to Decline Further Against US Dollar on Forex Positioning USDJPY - Japanese Yen Likely to Continue Higher Through Short-Term Trading USDCHF - US Dollar/Swiss Franc Positioning Forecasts Further Strength GBPUSD - British Pound Forecast Unclear Against US Dollar USDCAD - Canadian Dollar Forecast to Fall Further versus US Dollar
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ISTANBUL, Nov 20 (Reuters) - The Turkish Central Bank said on Thursday it would extend the period of lending in the foreign exchange depo market to one month from one week as of Friday, in a bid to boost liquidity. It added it had cut forex depo lending rates to 7 percent from 10 percent for the dollar, and to 9 percent from 10 percent for the euro. (Reporting by Daren Butler)
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The Reserve Bank of Australia spent a record-breaking 3.15 billion to intervene in the forex market and support the value of its currency. Japanese exports dropped by the largest amount in nearly seven years, pushing the Trade Balance into deficit.
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CHICAGO—-PFGBEST.com announced that its BESTDirect MetaTrader4 forex trading platform has surpassed expectations in its premier and is now being broadly marketed in the electronic forex trading industry.
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Forex trader Chris Capre discusses three tactical methods for traders looking to catch substantial moves in the choppy Forex markets.
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KUWAIT, Nov 19 (KUNA) — Kuwait Forex Trading Expo and Conference will discuss Wednesday the world monetary crisis and trade via the internet. The event, which kicked of Tuesday, will witness several sessions and lectures on its second and last day.
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