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Market Week Wrap-up

- Very light volumes made for turbulent trading this week, although US indices essentially ground sideways ahead of the highly anticipated March employment reports due on Friday. US economic data supported equities: personal spending data out on Monday showed that consumer...

Asian Market Update: Xinhua warns over impact...

ECONOMIC DATA - (KS) South Korea MAR FX Reserves: $272B v $271B prior - (JP) JAPAN MAR MONETARY BASE Y/Y: 2.1% V 2.2% PRIOR SPEAKERS/PRESS - Asian equity markets are marginally positive after a strong Wall St session, with long weekend starting early in the US / Australia and...

DAILY FOREX AND DOW JONES RECOMMENDED...

GMT 03:27 EUR/USD Today’s support: - 1.3521, 1.3485 and 1.3452(main), where correction is possible. Break would give  1.3436, where correction also may be. Then follows 1.3408. Break of the latter would result in 1.3390. If a strong impulse, we would see 1.3362....

US Market Update: Dow +59 S&P +8 NASDAQ +8.3

***Economic Data*** - (RU) Russia Mar Reserve Fund: $52.9B v $59.8B prior; Wellbeing Fund: $89.6B v $89.6B prior - (IN) India Feb Trade Balance: -$8.9B v -$10.3B prior; Exports Y/Y: 34.8% v 11.5% prior; Imports Y/Y: 66.4% v 35.5%prior - (US) Mar Challenger Job Cuts: 67.6KK v 42.1K prior;...

Secrets of Forex Training

by Jacob Tremblay Forex trading is just like anything else in life – to get good at it, all you need is practice. Of course, sometimes you don’t have the time (or the money!) to get the practice you need. In that case, the only thing to do is to get some proper training. If you can find someone...

How to Backtest Automated Forex Systems

by Mike Ashford Automated forex systems are a great boon for forex traders. The ability to always be trading without the need of your presence is a great way to increase your profitability when trading forex. However, getting the wrong automated forex system to trade can cause major lose. That is why...