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5.39%XLF 9.68 3.09%
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| Global Interest Rates | |||
 Australia |
5.25% | ||
 Canada |
2.25% | ||
 EMU |
3.25% | ||
 Japan |
0.3% | ||
 Swiss |
1% | ||
 England |
3% | ||
 US |
1% | ||
Data by fxstreet.com
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Technicals
Europe is on the way to meet with the same financial crisis like United States
Daily Forex Forecasts by FS Team
01 Oct, 2008 @ 01:02 am EST
EUR/USD (1.4120)
European & US sessions forecast levels: 1.4000/1.4240
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 10:00 AM Construction Spending, ISM Index, 2:00 AM German Retail Sales, 4:00 AM Final Manufacturing PMI, 5:00 AM EU Unemployment Rate.
Daily Strategy: The financial crisis come in Europe with full power. The first bank bankruptcy, as the governments start the plans for nationalization. Europe is on the way to meet with the same financial crisis like United States. The euro fall over 400 pips for few hours the biggest fall since introduction. The trading strategy today is open long positions. Some of the traders will take profit today.
Comments
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Currencies
11/22/2008
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