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Day: May 22, 2009
May 222009
Truth About Fibonacci Trading
The Truth About Fibonacci Trading by Bill Poulos is a new addition to my collection of the Forex trading books. Its a rather short e-book starting off with explaining the basics of the Fibonacci numbers and retracement levels and finishing with the real chart examples of both the Fibonacci retracement and extension levels. It helps you understand how to apply the Fibonaacci levels in your trading and what […]
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May 222009
Dollar Down to January Levels on Credit Rating Concerns
The dollar fell to the lowest level against the euro since early January as the S&P credit rating agency revised U.K. rating outlook and traders are afraid that the U.S. will be next. The euro rose against both the U.S. dollar and the British pound today as the possible credit rating downgrade is one of the worst events for the debt-relying economies and currencies of both the United States and the United Kingdom. The Japanese yen also rose against the dollar and the pound, additionally […]
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