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Day: April 25, 2011
April 252011
Swiss Franc Sets New Records on Continued Positive Sentiment
The Swiss currency reached a new all-time record against the US dollar and did well against the other major currency pairs today, as the market participants continued to base their positions on the positive monthly outlook report released earlier by the central bank of Switzerland. The franc rose against the US dollar, breaking the record high level set on April 21 — the USD/CHF pair is in a constant bearish wave since June 2010. The Swiss franc […]
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April 252011
Forex Social Networks
Nowadays, Forex social networks have become extremely popular among the traders. What started as some vague trend in 2010, now has shaped into one of the most useful trading tools for the online currency market. Traders can easily share their results, follow, compare and analyze (with a very high level of detail) various trading system and, finally, socialize to share their sentiment about the current market situation. […]
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April 252011
Yen Down as Markets Await Dovish Words from BoJ
The Japanese is currently dropping against its major Forex counterparts, as the market professionals expect that the country’s central bank will have to lower its economic growth forecast and leave the monetary policy at its loose state. The yen fell against the US dollar for the first day since Tuesday and declined against the euro and the British pound today. The Bank of Japan is having its policy meeting on April 28, where the Statement […]
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