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In two days, sentiments on the economy have improved dramatically thanks to a pair of economic reports. Tuesday (November 24), the gross domestic product was said to have risen by 2.8 per cent from the second to the third quarter. This was the second estimate of the GDP, which was slightly lower than the previous estimate of 3.5 per cent growth for the third quarter. However, with a .7 per cent dip during the second quarter, the reinforced number showing a strong improvement was receive mostly as a positive indicator on ...Forex Rate - Forex and Exchange rates

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As the dollar remains weak across the board thanks to renewed concerns about the strength of economy recover, the dollar-yen ratio currently sits just above major long-term support in the 87-88 yen range. The longer out you look on the dollar-yen charts, the more clear it is that this currency ratio is at a major point of determination. Two year and five year charts clearly demonstrate that long-term dollar support rests at this 87-88 yen level, which was touched once between December 2008 and January 2009, and again in early ...Forex Rate - Forex and Exchange rates

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While oil and several major currencies have been major beneficiaries of the weak dollar, gold has really shined in light of the less desired greenback. One ounce of gold currently fetches $1,104.52, according to goldmoney.com. Gold closed at an all time high of $1,116.80 on November 11th and it has surged aggressively over the last several weeks after eclipsing its previous high of $1,020 in October. The long term upward trend in gold has actually carried on for most of the decade. The price of an ounce of gold was ...

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Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 to a current rate of $1,115 per ounce. If you had to find a trading chart that epitomized the concept of a slow and steady, healthy rise, it would be the medium to long term ...

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What is Federal Open Market Committee (FOMC)

The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The president of the Federal Reserve Bank of New York serves continuously, while the presidents of the other reserve banks rotate their service of one-year terms.

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With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point. Central Bank members conclude their two-day policy meeting later Wednesday. Along with the announcement on interest rate policy, analysts and investors are going to watch for commentary about the board’s perception of the overall economy as well as various key sectors. The Fed has maintained a low ...

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It is simple to understand why many are now turning towards trading in the money market.  The forex trading market being the largest in the world with trading volumes close to trillions, make it the most sought after trade. With the best forex system trading online software, individuals are now taking advantage of this trillion dollar industry and making millions for themselves. After this industry has been automated, it has a new found popularity that is quite obvious with its growing appeal and status among small and big time traders. Trading with an automated system makes it easier to enter a trading market. Most manual systems are unpredictable and are slow. They do not keep in touch with the ever changing and ...

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