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EUR/USD: Trading the Advanced U.S. 2Q GDP Report
As the worlds largest economy is expected to expand at a slower pace in the second-quarter of 2010, the advanced GDP report could spur further weakness in the U.S. dollar and lead the central bank to hold a loose policy stance throughout the second-half of the year as the outlook for future growth falters.
Read more...Your Source for Daily FOREX Market News and Analysis
The Euro and Pound have continue to find support as signs of sustainable growth in the region and dissipating concerns over the banking system and sovereign debt have spurred bullish sentiment. The EUR/GBP has started to consolidate as the stalemate between the currencies continues.
Read more...Lenders shifting forex units to Shanghai
Guangdong Development Bank Co said it moved currency and bond traders to Shanghai from its headquarters in Guangzhou as an end to the yuan's peg against the dollar enhances the city's role as a financial center.
Read more...FXCM Recognized Again for Best Retail Platform by FX Week
New York, July 28, 2010 FXCM Holdings LLC has been awarded Best Retail Platform by FX Week at the 2010 e-FX awards for the second year in a row. The award, announced on July 13, 2010, at the FX Week U.S. conference, recognizes industry excellence in electronic foreign exchange trading from banks and vendors.
Read more...How do we Use Money Management for Moving Average Forex Strategies?
The recent influx of new speculators in the forex trading market has been met with a similarly pronounced outflow of existing traders. Extremely volatile market conditions have clearly been detrimental to many participants, and much of this effect relates to popular trading strategies in the market today.
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