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  1. News in 60 Seconds: Gold & Yen Strength Abounds on Risk Aversion!

    by , 11-24-2009 at 09:19 AM (News in 60 Seconds)
    Biggest % gainers: EUR/GBP up 0.30%, EUR/CAD, AUD/NZD ...mild EUR strength and mild AUD strength on high gold prices today.

    Biggest % losers: AUD/JPY down 0.72%, GBP/JPY, USD/JPY...all on JPY strength. So JPY strength is the most dominate theme for the day so far.

    JPY is strong on concerns over Chinese banks ...also Asian stocks were down and so far European stocks are as well.

    The pound declined against the dollar after Bank of England Governor Mervyn King said the U.K. economy still faces “profound challenges,” fueling speculation the bank may extend asset purchases as the recession persists.

    Gold: $1,169
    Oil: $77.40

    EUR German IFO Business Climate higher ...
  2. Post of the Day goes to Mr. Wilson in the Commodities/Indices forum!

    by , 11-24-2009 at 03:06 PM (News in 60 Seconds)
    You can check out Mr. Wilson's chart here:

    Many people are wondering where gold could make it to in its price and also where it could top.

    Well, Mr. Wilson gives two chart pattern projections that give you some targets as to where gold could still go.

    Way to go, Mr. Wilson.

    Sean Hyman
    DailyFX Forum Moderator

    by , 11-24-2009 at 04:10 PM (FX Bootcamp Blog - Video FOREX Trade Journal)
    Hello everyone. The GBP/JPY continues to set up nicely. Getting some much needed cooperation from the USD/JPY component of this pair. Looking for another down day today.

  4. Forex Institutional Trading Levels : EURUSD, EURJPY, GBPUSD, GBPJPY and USDJPY

    by , 11-24-2009 at 06:13 PM (Forex Active Trader : Real Trades BEFORE the Market Moves)
    The banks and institutional traders have key price levels in mind on a weekly, monthly and yearly basis. Today we discuss one of the key institutional price levels that are being monitored this week on 5 different pairs, the EURUSD, the EURJPY, the GBPUSD, the GBPJPY and the USDJPY. While there are a couple of key institutional levels that you should monitor each week, we will begin with showing you one so that you can see how price interacts with these levels. Knowing all the ins and outs of why they are important is a lower priority to understanding how price reacts to these levels. We will keep this as a point of discussion for the next several weeks on Sundays. Please take a few minutes to view these price levels and how price interacts ...
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