Forexpros.com Daily Analysis - 05/01/2010
 

Forexpros Daily Analysis Jan 5, 2009


Free webinar on Forexpros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders.

Expert: Sam Seiden
When: Thu, Jan 7, 2010, 12:00 EST

During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant
risk/reward opportunities.
This webinar is the second of a three part series brought to you by Online Trading Academy and Forexpros.

to join free.

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Fundamental Analysis: FOMC Meeting Minutes

Traders of the USD await the publication of the FOMC Meeting Minutes tomorrow (Jan 6).
The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts.

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[color=black]The support 1.4264 survived yesterday, causing the Euro to rise. It broke the resistance specified in yesterday