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  1. |FXReturn.com|New York Forex Market Call 10-26-11|

    by , 10-26-2011 at 10:32 AM
    Welcome to the FXReturn.com New York Market Call for October 26th.,2011. DOW: 40 minutes into the open of Wall Street Trading the Dow is off the best levels of the session, but still in positive territory and above the 10 day average which resides at 11,630. Consecutive closes above the 10 day average will keep the bullish posture of the market intact with 12,500 as the next upside objecitve. A close, however, below 11,630 will encourage a wave of selling down to 11,260. Stochastics are recognizing a negative crossover formation in overbought territory suggesting a near term top may be in place | EUR/USD: Trading on the lows of the session in New York Trading, but above the 50 and 10 day averages which values reside at 1.3830 and 1.3820 respectively. ...
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  2. USD/JPY: Trading the Pending Home Sales Release

    by , 10-26-2011 at 09:14 AM
    The U.S. Pending Home Sales Report is an important leading economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. A higher reading than forecast points to a growing economy and is bullish for the dollar.

    Here are all the details, and 5 possible outcomes for USD/JPY.

    Published on Thursday at 14:00 GMT.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-trading-pending-home-sales/"]USD/JPY: Trading the Pending Home Sales Release[/URL][/I][/B]
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  3. Did the Liquidity Trap Cause the Hike in Gold Price?

    by , 10-26-2011 at 09:05 AM
    I have stumbled upon an interesting article by Paul Krugman, a Nobel laureate in economics; the article offers an explanation for the hike in gold in the last few years. Krugman, who considers himself a deflationista, i.e. a person who believes the U.S. is currently in a liquidity trap, thinks that the gains in the gold is another confirmation that we are at a liquidity trap: basically in a liquidity trap people and businesses "sit on their money" and even if the interest rates plunge to zero (and the U.S. interest rate has been at zero for the past couple of years), investors are still reluctant to invest their funds. It's hard to prove that we are in a liquidity trap because even if the rates are low and economy is slowing down, ...
    Tags: cpi, gold prices
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  4. Gold & Silver - Daily Outlook October 26

    by , 10-26-2011 at 08:55 AM
    Gold and silver sharply rose yesterday and recorded the sharpest gains during October. Does this mean there is a shift in the recent trend of gold and silver from downward to upward? The Euro/USD slightly declined on Tuesday by 0.16% to reach 1.3908. Today, the second (this week) EU summit will be held in Brussels; in the summit there will an attempt to resolve the European debt crisis. The U.S Core Durable Goods report will be published today; U.S. New Home Sales report; and BOJ's Rate will be announced.

    For the complete report silver and gold prices outlook for October 26th see here in Trading NRG

    Gold sharply rose on Tuesday by 2.91% to $1,700.4; silver also sharply inclined by 4.45% to $33.05. These are the ...
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