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Day: February 27, 2008
February 272008
EUR/USD Breaks Records as Dollar Falls Deep
Today EUR/USD reached its new historical maximum at 1.5105 as the dollar continued to weaken both on the rates cut expectations and later — bad macroeconomic data releases in U.S. Durable goods orders — a very important indicator of the business’s health — decreased 5.0% in January, more than the expected drop of 0.4%. New home sales in January fell to 588,000 annualized rate — below the December’s 605,000 and forecasted January value of 600,000. Crude oil inventories […]
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February 272008
MT4 Brokers Accused in Being Scam?
It started eleven days ago on the ForexFactory forum, but Ive read it first about a week ago on a TalkGold forums thread titled “Mt4 Brokers Are All Scam Brokers By Definition”. Of course, Ive got interested in this topic because Ive been trading on MetaTrader brokers accounts for almost two years and I have never thought of them being a scam by definition”. That made me read both of the threads thoroughly. Here is the main […]
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February 272008
Euro above 1.5 vs. Dollar
The U.S. dollar fell below its absolute record low level against the European currency today. If the day closes above $1.5 per euro, it will be a signal for a definite return of dollar to its bearish trend of the 2007. EUR/USD broke through the major 1.5000 resistance at the beginning of the Asian trading session today, but then the currency pair retraced back below the 1.5000 mark […]
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