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  1. Sean Hyman's Avatar

    Post of the Day goes to ShipittoMike in the USD/CAD forum!

    by
    Sean Hyman
    , 12-15-2009 at 11:26 AM (News in 60 Seconds)
    You can see ShipittoMike's post here: http://forexforums.dailyfx.com/usd-c...tml#post399970

    This is a well thought out post. Mike shows all of the important areas of support and resistance from the lines he draws as well as the moving averages that the price needs to overcome.

    It's a well thought out post and shows that he has good, well thought out reasoning for his trade.

    Way to go, Mike. Excellent work!

    Sean Hyman
    DailyFX Forum Moderator
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  2. Sean Hyman's Avatar

    News in 60 Seconds: Darling's 50% tax on bank bonuses hits stocks & the pound!

    by
    Sean Hyman
    , 12-09-2009 at 09:37 AM (News in 60 Seconds)
    more momentum on the gainers than losers...

    Biggest % gainers: NZD/USD up 0.80%, AUD/USD, AUD/CHF...on mild commodity dollar strength

    Biggest % losers: USD/JPY down 0.45%, GBP/JPY, CHF/JPY, EUR/JPY on mild JPY strength

    Gold $ 1,137
    Oil: $ 73.19

    Remember, this afternoon we get New Zealand's interest rate decision at 3pm EST today. They are expected to hold at 2.50%. With the fallout that their Labour Party had with the central bank lately...I'd be shocked if the hiked rates today.

    Tonight at 7:30pm EST we get Australia's employment numbers. I'd expect them to come out fairly favorable in light of RBA Steven's speech the other day. There have been more job advertisement ...
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  3. Sean Hyman's Avatar

    Post of the Day goes to JohnG_FX in the GBP/USD forum!

    by
    Sean Hyman
    , 12-04-2009 at 01:35 PM (News in 60 Seconds)
    The post of the day goes out to JohnG_FX for the detailed explanation he gave and the time he took to help out a fellow trading community member.

    Great job, John!

    Here's the link to his post:

    http://forexforums.dailyfx.com/gbp-u...alyst-882.html

    Here's what John wrote:

    Hi gordy

    With the current historicaly low interest rates on the dollar it has been used as the funding currency of choice (a bit like the Yen was a couple of years ago). therefore where people wanted to invest in equities/commodities etc the most cost effficient way of doing that was to borrow (sell) dollars and buy the asset.

    That model will ...
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  4. Sean Hyman's Avatar

    For those new to the DailyFX Forums...

    by
    Sean Hyman
    , 10-23-2009 at 04:06 PM (News in 60 Seconds)
    For those new to the forums...here's how to register and post to the forums: http://www.youtube.com/watch?v=VVhvfD45pk0

    Sean Hyman
    DailyFX Forum Moderator
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