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Day: January 16, 2012
January 162012
Canadian Dollar Gains as Commodities Rise
Canadian dollar is gaining today, drawing strength from rising commodities. Canada is especially seeing some support from rising oil prices. With oil supply in question, prices are up and the loonie is following suit. Additionally, commodity currencies and other riskier currencies are in demand, despite the downgrade of nine eurozone countries — including France — after the markets closed on Friday. The big downgrades by S&P […]
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January 162012
US Dollar Index Lower
US dollar index is lower as greenback falls pretty much across the board. A successful French debt auction is helping the euro, and commodity currencies are getting a boost from higher oil and gold prices. Right now, events seem to be conspiring against a higher US dollar. Concerns about oil supply are rising, thanks to strikes in Nigeria, as well as a threat from Iran to close the Strait of Hormuz. Things […]
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January 162012
Biggest One-Time Forex Loss
Taking losses in an imminent part of Forex trading process. Some traders seek the no-loss strategies (including omitting the stop-loss), but such attempts are rarely successful. On the other hand, any loss can be a serious hit in the emotional state of a currency trader, while some losses may also be lethal to the trader’s account balance. Personally, I aim to limit my losses with very small amounts, but occasionally I open long-term […]
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