Day: December 19, 2011

December 19
2011

Russian Ruble Falls with Oil

Russia’s ruble declined today after crude oil prices fell on the concerns about the power transition and the political stability in North Korea and the uncertainty with the situation in Europe. Futures on crude oil fell 0.9 percent to $92.67 per barrel in New York after dropping 0.4 percent on December 16 and touching the lowest level since November 2. Investors bet that the ruble will decline further to 32.4915 per dollar in the next […]

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December 19
2011

South Korean Won Drops After North Korean Leader Dies

The South Korean won slid today after North Korean leader Kim Jong Il died, leading to fears that North Korea would face a political turmoil that may negatively influence South Korea. One of the leader’s sons is going to succeed Kim Jong Il. Some market participants hope that a new leader would set the country on a more “reasonable” course. On the other hand, the previous years brought […]

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December 19
2011

US Dollar Firmer Against Majors

US dollar is firmer against majors, heading a little bit higher as many Forex traders take a defensive position today. The situation, though, is one of those rare times when the US dollar and US stocks aren’t moving in opposite directions. Right now, US stocks are heading higher, gaining as investors hope that housing data will show improvement this week. The US dollar is higher […]

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December 19
2011

Euro Struggles on Debt Difficulties

It’s all about defensive positions today on the Forex market as news continues to give traders pause. Forex traders are processing the news of the death of Kim Jong Il, the dictator that ruled North Korea for years, and considering whether or not Fitch really will downgrade France along with six other European countries. Indeed, questions about what’s next for the eurozone still remain. Fitch warned on Friday that it […]

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December 19
2011

Forex Chart Patterns Popularity

Price action Forex trading, which doesn’t involve any technical indicators other than the price chart itself, is rather popular nowadays. Even indicator traders sometimes refer to the chart formations in their analysis. Personally I trade mainly the chart patterns (in my manual trading account). So I would like to know what are the most popular chart patterns among the FX traders. Before proceeding to the poll, I’d like to describe […]

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