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The market in Forex trading is a global one that never closes, as the trading hours overlap between different time zones and trading can be conducted day and night, except at weekends. It closes at 9:00 pm on Fridays and reopens at 9:00 pm on Sundays GMT. Online Forex trading is obviously the most popular activity, as the days of calling your broker to make a trade are practically over. more |
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Euro Rises on Hopes for ECB and EU Leaders to Support Currency |
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The euro rose to the weekly high level today against the U.S. dollar and gained versus the Japanese yen on the expectations for the European Central Bank to intervene in order to support the common European currency.(...) |
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DAILY FOREX AND DOW JONES RECOMMENDED LEVELS |
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EUR/USD Today#8217;s support: - 1.2578 and 1.2541(main), where correction is possible. Break would give 1.2525, where correction also may be. Then follows 1.2498. Break of the latter would result in 1.2473. If a strong impulse, we would see more |
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The US Dollar finished the week sharply higher against all major counterparts except the Japanese Yen, rallying on similarly dramatic declines in the US S&P 500 and other key financial risk barometers. Forex traders were especially aggressive in pushing the Greenback to fresh 14-month highs against the downtrodden Euro. More |
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