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Good day forex trading koalas.

I know these days i seem to be missing reviews here and there but trust me, it is not that i can help it! Falling asleep while typing or having a fever like yesterday. ARGH!

MUCH APOLOGIES !

On Tuesday, we saw the EUR/USD going down due to risk aversion. Strikes in Greece, poor US data, etc.

Looking at the EUR/USD now, we are definitely seeing a different story.

The S&P 500 is suffering at 1027, a major hit to sentiments probably.

Oil is lower at $72. As oil can be a clue to the global economy’s health, $70 will be an important line to note.

Gold in the meanwhile drops to $1207+. As gold is usually a good indication of risk aversion, this is interesting to note.

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And yes, today’s price movement is probably not risk aversion but rather a drop in the sentiments towards the US.

US continues to print poor economy data. Unemployment claims rose and pending home sales clocked a shocking -30% !! Seems like the end of the tax credit is taking it’s toll. Investors are definitely dismayed and hence funds flow away from the US Dollar faster than you can say ” bye bye !”

Ok i am exaggerating but you get my point.

On the contrary, Euro Zone is getting a boost from a successful Spanish bond sales. This gave investors more confidence that the Euro Zone Crisis is under control and hence resulted in a pull factor in the EUR/USD.

Tomorrow is an important data day, including the MARGIN CALL FRIDAY EVENT!!! Yes. US Non-Farm Payroll. Judging how fickle the market is these days, plan your trades well and before of spikes.

Bullish momentum may see 1.25/1.255. A bearish return may see 1.244/1.240

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I have been sick since 2 weeks ago and i really want to get better. Since i do not have the luxury to sleep, what else can be done? It is a vicious cycle. In the event that i unfortunately cannot do a review again, my dear readers do take the time to explore the site. I took great pains to produce the articles in the Koala Forex College so as to help as many as possible. Check them out!

Trade Safely.

Related Forex Articles from the Koala Forex Training College.

  • Risk aversion in forex
  • The US Non-Farm Payroll and the EUR/USD
  • Latest NFP report
  • Oil can be a clue to the global economy’s health
  • Planning your trades well
  • Read more Forex Articles and Views by The Koala at

    TheGeekKnows.com – Learn Forex Trading and view EUR/USD Reviews.

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