FX Instructor Live Trading Room Overview - August 31, 2007

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FX Instructor Live Trading Room Overview - August 1, 2007

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Bear Market Commences As Currency Traders Unleash A Global Currency War By Selling The Euro

The correspondence of dominant currencies to emerging trade in currencies, DBV:CEW , manifested a bearish lollipop hanging man candlestick at 50 day poignant commonplace, suggesting a plummet earlier small is looming, that is, the principal currencies depreciating faster than the emerging currencies.  

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Today's Financial News Courtesy of the Financial Times

With the Dow up more than 200 points, traders become visible to have dismissed the careful repulsion to the diffused European PMI figures, and the frankly troubling ADP story, and are focusing on the Asian and US works numbers. Bulls will indicate that stocks were...

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Sterling looks a little vague

Australian GDP up by 1.2% in Q2 Manufacturing PMIs today

Esteemed morning. A Japanese bloke by the name of Shigeru Kondo has purposeful the value of Pi to 5 trillion digits. The drilling took him three months on a computer he built markedly for the job. Kondo San’s diligence will be welcomed by geometers everywhere in their unending contention to press circles more pear-shaped and chords more congruous. It took the Bank for Worldwide Settlements (BIS) a young longer than three months to run the calculations on its latest triennial investigation* of the forex vend but the consequence is considerably more riveting. Wide-ranging total business in April this year was US$4 trillion, 20% more than in April 2007. A 48% on the rise (by value) in smidgin** transactions means make out now represents 37% of all FX energy. The US dollar is still the most heavily-traded currency, fetching one side of 85% of all transactions. In satisfactory secondly mission is the euro, accounting for 39% of traffic. The yen comes third with 19% and the a pasting takes fourth mission on 13%.

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