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Forexpros.com Daily Analysis - 12/01/2010
Forexpros Daily Analysis Jan 12, 2010
Free webinar from Forexpros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thu, Jan 21, 2010, 11:00 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 selction 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. --- Fundamental Analysis: Core Retail Sales Traders of USD await the publication of the Core Retail Sales report. The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy . A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of 0.30%, down from the previous 1.20%. --- [color=black]The Euro did not succeed in its first attempt to break the trend line we talked about yesterday. And also, the price did not move all too much, leaving yesterday |
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