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Yen Continues Slump as Safe-Haven Status is Questioned

Political and economic instability in Japan are weighing on the yen as market watchers question its status as a safe-haven currency.The yen is the worst performing G10 currency on Tuesday and has declined in five of the past six sessions. The decline came even as equity indexes in the U.S. fell to 11-year lows and the Nikkei neared a 26-year low.Most recently, the U.S. dollar was up 2.16 to 96.77 JPY -- the highest level since Nov.

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Fxcm Lowers Minimum Initial Deposit For Mt4 Accounts

Effective immediately, the initial deposit for Meta Trader 4 accounts through FXCM has been lowered to $2,000. New York―February 18, 2009―After numerous requests from the forex community, FXCM has lowered the initial deposit for MT4 accounts from $5,000 to $2,000. Clients who trade with FXCM enjoy: • No Dealing Desk Execution* • Low Spreads • Great Execution Even During News Events • 24/7 Customer Support • Proprietary Trading Signals and Ideas From DailyFX.com FXCM’s decision to lower its initial

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FXCM Micro, the discount brokerage division of FXCM, announced today that it will be offering forex traders who currently trade with a different forex firm free $50 accounts to try FXCM Micro.This new service provides traders with super-low spreads, automated execution, and 1K lot sizes. FXCM is confident that traders will want to continue tra

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Fxcm Lowers Minimum Initial Deposit For Mt4 Accounts

Effective immediately, the initial deposit for Meta Trader 4 accounts through FXCM has been lowered to $2,000. New York―February 18, 2009―After numerous requests from the forex community, FXCM has lowered the initial deposit for MT4 accounts from $5,000 to $2,000. Clients who trade with FXCM enjoy: • No Dealing Desk Exec

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Canadian Dollar Remains Weak as Risk Aversion Boosts Safe Haven USD

Over the weekend Moody's released a report downgrading Barclays Bank in the UK, which has helped to ignite risk aversion fears boosting the U.S. dollar's status as a safe haven. Overall, the USD/CAD appears to be stuck in a broad range with resistance at 1.30 CAD and support at 1.18 CAD. Currency strategists are expecting the cross to continue to bounce around within that range. Matt Perrier, currency analyst at BMO Capital Markets, said although the loonie is stuck in

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