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Euro, British Pound Lose Ground as Market Sentiment Falters, U.S. 2Q GDP onTap

Posted 07-30-2010 at 04:34 PM by DailyFX

The Euro pulled back on Friday and slipped to a low of 1.2980 during the overnight trade as investors scaled back their appetite for risk, and the shift in mark sentiment could lead the EUR/USD to retrace the advance from earlier this week as the economic docket is expected to show the world’s largest economy expanding at a slower pace in the second quarter.

Talking Points
• Japanese Yen: Rallies Across The Board
• Pound: Halts Six-Day Advance
• Euro:
...
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Taking Stock with Mish-5 Tips on How to Trade (Win or Lose) Like a Winner

Posted 07-30-2010 at 03:27 PM by mish

http://mish.marketgauge.com[/URL]
Who likes losing money trading? The obvious answer should be “nobody”-but from what I read and hear, people lose lots of money. In fact, too many traders lose way more money than they make. Either they have really deep pockets, only remember the good trades and neglect to read their P and L’s, fear success more than failure-or-simply lack a game plan and strategy to adhere to. I’m going with the latter.
Before one establishes a trade, there are...
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Economic Activity in the U.S. Slows to 2.4 Percent in the Second Quarter

Posted 07-30-2010 at 10:59 AM by DailyFX

Real GDP in the world’s largest economy expanded 2.4 percent in the second quarter after climbing a revised 3.7 percent the quarter prior amid economists’ forecasts of 2.6 percent. Going forward, we may continue to see weak growth in the U.S. as stimulus measures begin to fade. Immediately following the disappointing data, the USD/JPY tumbled from 86.44 to an intraday low of 85.95, and the southern journey may continue going into the North American trade on the back of risk aversion.
...
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New Zealand Dollar Falls as RBNZ Talks Down Rate Hike Outlook

Posted 07-29-2010 at 09:50 AM by DailyFX

The New Zealand Dollar fell after a widely expected interest rate hike from the Reserve Bank of New Zealand as the central bank’s Governor Alan Bollard spoke out directly against the currency’s recent appreciation and downplayed the extent of further tightening.

The RBNZ chief said that although “the level of the [interest rates] is still very supportive of economic activity” even after today’s increase, “pace and extent of further [rate hikes] is likely to be more moderate than was...
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New Zealand Dollar Holds Near 6-Month Highs Ahead of Rate Decision

Posted 07-28-2010 at 09:06 AM by DailyFX

The New Zealand Dollar has risen nearly 5%, or 350 pips, since the last RBNZ rate decision. With markets widely expecting another rate hike, can the Kiwi repeat the same stellar performance this time around?



Reserve Bank of New Zealand (RBNZ)
Weekly Update


The Reserve Bank of New Zealand is widely expected to raise rates by 25...
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