Jan14

FOREX-Euro’s bounce from 16-month low unlikely to last

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LONDON, Jan 9 (Reuters) – The euro crawled back from a fresh 16-month low to the dollar on Monday as traders trimmed small positions, but further declines were anticipated as worries over independent funding and prospects for the euro zone state kept most investors bearish.

Markets were awaiting a meeting linking German Chancellor Angela Merkel and French Head Nicolas Sarkozy where they will chat about ways to boost growth and finalise details of a deal to increase monetary coordination in the euro zone. Click here to read more.. »

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Jan14

FOREX-Euro bolstered by short squeeze; China data eyed

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SYDNEY, Jan 10 (Reuters) – The euro held its ground early in Asia on Tuesday, having been squeezed higher overnight as the market pared extremely bearish bets against the single currency ahead of key events in Europe (Chicago Options: ^REURUSD -news) this week.

The euro stood at $1.2767 after bouncing off a 16-month trough at $1.2666. Traders said buying ahead of a $1.2650 selection barrier had prompted some small covering.

The single currency was also nearing strong support seen just below $1.2600, the 76.4 percent retracement of the June 2010 to May 2011 revive and the Aug. 24, 2010 trough. Click here to read more.. »

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Jan14

FOREX-Euro supported by short squeeze; debt auctions eyed

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SYDNEY, Jan 4 (Reuters) – The euro held on to overnight gains in Asia on Wednesday, having posted its largest one-day revive in nearly two months as investors cut bearish positions in the common currency after upbeat data bolstered risk appetite.

The euro gained as much as 0.9 percent to reach its peak in a week at $1.3076 in the wake of better-than-expected U.S. manufacturing report on Tuesday. It last stood at $1.3048, well off a 15-month trough around $1.2858 plumbed last week. Click here to read more.. »

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Jan14

How Much Capital Should I Trade Forex With?

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We’ve looked at thousands of trading accounts. New research shows that traders with at least $5,000 of capital tend to be more profitable. Find out why.

Summary:Research shows that the amount of capital in your trading tab can affect your profitability. Traders with at least $5,000 of capital tend to utilize more conservative amounts of leverage. Traders should look to use an effective leverage of 10-to1 or less. Click here to read more.. »

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