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Day: November 14, 2008
November 142008
Dollar Firms as Export and Import Prices, Retail Sales and Business Inventories Drop
EUR/USD declined today after rising above the weeks opening level yesterday as the dollar-bullish traders got help from the sale of the euro-denominated assets spurred by the worsening of the global macroeconomic situation. EUR/USD is currently trading near 1.2690. The U.S. export prices fell by 1.9% in October, while the import prices decreased by 4.7% during the same period. This decline followed the 2-month […]
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November 142008
FXcast Announces New Type of Forex Traders Competetion — FXcast Trader’s Hall of Fame
FXcast announced a new type of the Forex traders competition today — the Hall of Fame type of competition. You dont need to open some special account for it or pay for entering the competition. The contest is judged upon the monthly performance of your real trade account. The performance is denominated in the percentage to your monthly starting account and will only include your actual trading results. This way you can win the real prizes using even your starting $10 real […]
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November 142008
Yen Gains after One Corrective Session
The Japanese yen rose against the U.S. dollar, the euro and the pound today after posting a huge loss yesterday and the traders reviewed their outlook of the global recession process. The Group of 20 nations summit is starting today at Washington, U.S. It will try to come up with the decision aimed toward the global financial crisis and protecting the nations from the […]
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