Previous session overview
The dollar is little changed against the yen early Monday, hovering close to its recent highs, as investors make last-minute year-end trades.
Currency movements reflect the market thinness that's typical for the days between the Christmas and New Year's breaks, rather than any underlying fundamental factors, said analysts.
The dollar has rallied significantly in December and is sticking close to the two-month peak it reached last week against the yen. It's als…
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Added by TradingHelpDesk on December 28, 2009 at 4:13pm —
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US 3rd Quarter GDP Revised Lower
The US economy expanded at a slower rate than previously reported in the period from July to September. Latest data indicates the economy grew at an annualised rate of 2.2% down from the 2nd revision of 2.8% and significantly lower than the preliminary report which predicted Q3 growth of 3.5%.
The disappointing revision came as a surprise to most economists who expected no change to the 2nd report. Lower corporate inventories, weak construction spending…
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Added by TradingHelpDesk on December 28, 2009 at 4:08pm —
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Greetings,
We're excited to announce that our friends at Elliott Wave International are offering a free 50-page report from Robert Prechter. Although originally published in 1985, “Popular Culture and the Stock Market” is so timeless and relevant that USA Today covered its insights in a recent November 2009 article.
The report walks you through the ups and downs of the DJIA -- our most sensitive meter of social mood -- and analyzes the trends in popular music and TV shows through periods of po…
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Added by TradingHelpDesk on December 28, 2009 at 3:57pm —
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Please do your own research and analysis.
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Added by TradingHelpDesk on December 28, 2009 at 3:11pm —
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By combining access to the Swiss Foreign Exchange Marketplace with an enhanced trading platform and strong financial services via its banking partnerships, Dukascopy – SWFX Swiss FX Marketplace continues to set the global industry-standard for ECN forex trading.
Dukascopy is a member of ARIF. ARIF is a self regulating organization whose goal is to insure correct application…
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Added by TradingHelpDesk on December 28, 2009 at 10:00am —
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Added by TradingHelpDesk on December 28, 2009 at 8:52am —
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Previous session overview
The dollar rose slightly against the yen in Asia Monday on buying by Japanese importers, while speculators kept to the sidelines to see how planned U.S. government bond sales in the days ahead would affect long-term U.S. interest rates.
Demand from Japanese importers helped the U.S. currency reach an intraday high of JPY91.79, in a relatively quiet Asian session ahead of Japan's New Year holidays, dealers said.
The dollar later slid back to around JPY91.60 on…
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Added by TradingHelpDesk on December 28, 2009 at 8:48am —
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The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page
Independent Investor eBook.
Large banks and more recently pension funds have suddenly become infatuated with gold. They chant the mantras that gold bugs have known for years: gold is a store of…
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Added by TradingHelpDesk on December 26, 2009 at 8:57am —
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Learn more about the method that has kept Robert Prechter out of the herd and in the game for more than three decades. His company, Elliott Wave International, has an extremely useful Elliott Wave Tutorial for free online. It’s broken up into 10 lessons across 50 pages, so it’s easy to read and review at your leisure:
Learn more about the free Tutorial.
Gree…
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Added by TradingHelpDesk on December 26, 2009 at 8:57am —
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By Robert Prechter
The following article is an excerpt from Robert Prechter's
Elliott Wave Theorist. For more information from Robert Prechter on bank safety, download his free report,
Discover the Top 100 Safest U.S. Banks.
Perhaps the single greatest reason for the unbridled expansion of credit over the past 50 years is the existence…
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Added by TradingHelpDesk on December 26, 2009 at 8:56am —
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Greetings TradingHelpDesk Member,
Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a huge hit with traders. But now it’s been packed with even more ways you can use common bar patterns to spot high-probability trading opportunities: 30 charts across 15 pages!
Don’t miss out on this opportunity to learn simple new w…
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Added by TradingHelpDesk on December 26, 2009 at 8:56am —
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Greetings investor,
You've no doubt heard the old mantras "stocks for the long haul," "diversify," "buy and hold."
Investment gurus worldwide repeat them daily ad naseum. But are they really wise investment strategies for ALL markets as advertised? Can any piece of advice that's so simple yet so vague be of use to you as an investor?
Anyone who diversified their portfolios across several stocks, bonds and commodities over the past three years knows that diversification is no foolproof way to…
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Added by TradingHelpDesk on December 26, 2009 at 8:55am —
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By Elliott Wave International
As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity.
Famed technical analyst and Elliott wave expert Robert Prechter has long called for the bear market we are now in the midst of. (He views the rally of 2009 to be a bear-market rally not the beginning of a new bull market.) But over the years, his methods of technical analysis ha…
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Added by TradingHelpDesk on December 24, 2009 at 8:00am —
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Is Your Bank Safe? More than 130 banks will have failed by the end of 2009. What if your bank fails? Did you know you could be left in the lurch for days, weeks, even months before you get your money back from the FDIC? What happens if the FDIC can't cover your funds? How do you find a safe bank to protect your deposits right now? Find answers to these questions and more in the original "Safe Banks" report from Elliott Wave International.…
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Added by TradingHelpDesk on December 24, 2009 at 7:56am —
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Previous session overview
The dollar traded slightly lower against major counterparts in thin trade Wednesday, after U.S. reports showed personal income rising but consumer spending gaining less than expected in November.
The U.S. currency, however, remained close to three-month highs against the euro, having risen steadily for the past month on upbeat expectations for the economy and an end to the Fed's liquidity policies.
The dollar index (DXY), a measure of the greenback against a t…
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Added by TradingHelpDesk on December 23, 2009 at 5:04pm —
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It was a GDP day yesterday, as two of the largest economies showed their growth results. The U.K took the stage first, showing negative growth of -0.2%. Even though the result didn’t deviate too much from the expected result of -0.1%, it was still better than the 2nd quarter’s result of -0.3%. The mild increase in economic growth was attributed to construction, which had increased in the third quarter.
The U.S also grabbed the spot light, prior to the opening bell, releasing their GDP and exist…
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Added by TradingHelpDesk on December 23, 2009 at 9:16am —
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Added by TradingHelpDesk on December 23, 2009 at 8:37am —
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Previous session overview
The yen rose against the U.S. dollar and the euro Wednesday following steep losses in previous weeks, but analysts say it may resume its recent downtrend against the greenback in coming days.
The Japanese currency hit a seven-week low against the dollar Tuesday on expectations that interest rates in the U.S might increase sooner than anticipated. Wednesday's small rise, helped by low volume due to a holiday in Japan ahead of the Christmas weekend, should be of…
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Added by TradingHelpDesk on December 23, 2009 at 8:33am —
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Previous session overview
The dollar was steady against major counterparts on Tuesday, showing little initial reaction to news that U.S. economic growth in the third quarter was revised down to 2.2%, much lower than economists expected.
The U.S. currency remained supported by higher Treasury yields, which rose to a four-month high amid upbeat economic views and expectations that the Federal Reserve might eventually lift interest rates next year.
The U.S. economy grew at the fastest pac…
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Added by TradingHelpDesk on December 22, 2009 at 7:45pm —
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Added by TradingHelpDesk on December 22, 2009 at 8:25am —
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