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Ufx Bank Launches Revolutionary Online Forex Trading Platform
UFX Bank Launches Revolutionary Online Forex Trading Platform Powered by ParagonEx and Offers Forex Traders up to $2,000 in Sign Up Bonuses To Test Drive The New Trading Software.Nicosia, Cyprus January 12th 2009. In an effort to attract new customers and to demonstrate that the online trading platform, powered by ParagonEx, offers a highly co
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Forex: GBP/USD: Pound weakens further; drops to 1.4700
FXstreet.com (Barcelona) ? The Sterling is going through a downward correction after having being rejected at the 1.4950 resistance level, and the pair has given away 150 pips already, dropping to 1.4715 minimum level.According to Greg Holden, technical analyst at Forex Yard, the Pound had reached overbought territory and correction was imminent: ?The 4-hour chart shows the Cable trading in an overbought state on the RSI with a bearish cross on the pair's Slow Stochastic Oscillator. This indicates the
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Forex: EUR/USD rises above 1.3100 key level
FXstreet.com (Barcelona) - The Euro has gained around 60 pips against the Dollar in the last hour from 1.3052 to reach the 1.3113, fresh intra-week high. Currently the pair is trading around 1.3105 level, fighting to consolidate the position above 1.3100 after rising 0.65% so far today from opening price.According to Michael Malpede, Analyst at Easy Trader, Euro is Higher as ECBs Nowotny says the ECB is ready to use quantitative ease and risk appetite recovers: EUR traded mixed initially
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Fxcm Reports Yearly Earnings For 2008
New York, February 25, 2009―FXCM Holdings LLC (www.fxcm.com) has announced its 2008 yearly revenue.Revenue for 2008 was US$313,628,084 which almost doubled from 2007’s yearly revenue of US$ 175,773,888, an increase of 78%.These are consolidated results for FXCM Holdings, LLC, which is composed of Forex Trading LLC; Forex Capital Markets LLC; Forex Capital Markets LTD; FXCM Australia LTD; FXCM Asia LTD; and FXCM Canada LTD.FXCM’s 2008 Milestones:Total new accounts opened during the year on FXCM’s platforms increased by 66% year-over-year.Notional USD
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Forex: USD/CAD falls back to 1.2350 from 1.2505
FXstreet.com (Barcelona) - After reaching the 1.2505 level, highest since April the 2nd, a few minutes afterward the BoC cut rate decision, USD/CAD has fallen around 150 pips to test the 1.2350 level.Currently, the pair is trading around 1.2365/75 after falling 0.30% so far today from opening price at 1.2408.According to Valeria Bednarik, Market was surprised by BoC: Canada surprise markets with a 0.25% rate cut, sending the benchmark to a fresh record low of 0.25% and decline sharply against
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Forex: AUD/USD rises 1.10%, testing 0.7200 level
FXstreet.com (Barcelona) - AUD has risen around 85 pips against the USD from 0.7115, in the Early European morning, to reach today's high at 0.7200. currently, AUD/USD is trading around 0.7190/0.7200 after rising 1.10% so far today from 0.7121 opening price.Yesterday the pair rose 0.85% from opening price at 0.7063, reaching 0.7156 as maximum and 0.7030 as minimum, to close the day at 0.7122.The Varengold Bank Research Team says: The AUD/USD has been trading in a bearish trend phase and
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European markets rise as confidence in Banks return; Euro and Pound, up
FXstreet.com (Barcelona) ? European markets advance at a strong pace on Thursday on the back of Geithner?s affirmations that banks ?stress test? conclusions have been more positive than expected. Euro and Pound have risen on European session.Eurostoxx 50 Index adds 1.75%, while German DAX Index rises 1.71% and the French CAC trades 1.90% above its opening level. In England, London FTSE Index rises 2.25%.On the macroeconomic side, German Factory orders jumped unexpectedly in March; 3.3% up against a 0.5% decline
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Forex: EUR/USD falls below 1.3400 after reaching monthly high at 1.3470
FXstreet.com (Barcelona) - After reaching a fresh monthly high at 1.3470, EUR/USD has fallen around 90 pips to 1.3380 level, the pair is currently trading below 1.3400 level. According to Lena Manousarides, SpikeCharts' analyst, today's rate decision was crucial for the Euro?s direction: Heavy EUR/USD trading followed the ECB's decision to cut rates by 25 points and the pair seems poised for further gains towards 1.35; where a clear break of 1.3470 could potentially boost the Euro towards 1.3530. Seeing
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Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis
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