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Forex Market Weekly Commentary from HY Markets - 22nd October 2012

FX - EURO The EURO closed lower on Friday as it consolidated some of last week's rally. The lowrange close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, September's high…See More

Oct 22, 2012

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HY Markets posted a blog post

Forex Market Weekly Commentary - 10th October 2012

FUNDAMENTALS**The euro also soared to a two-week high versus the greenback and yen after the U.S. jobs data increased investors' confidence about the U.S. economy and prompted them to buy currencies that offer higher returns than the dollar and the yen.Market participants are still awaiting Spain's request for aid, a move…See More

Oct 12, 2012

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Asia Outlook Today from HY Markets

FX - EURO The EURO closed higher on Friday and the midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July's low, the 50% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm an end to the rally off July's low.FX - YEN The YEN closed higher on Friday and the…See More

Oct 8, 2012

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HY Markets posted a blog post

Reasons to Join a Forex Trading Competition

Whether you are a beginner or seasoned Forex trader, participating in trading competitions is a great opportunity to improve your skills and earn free trading credits. There are so many incentives to join a trading competition that you probably are aware of already:Free to participateA chance to win large prizesGain more knowledge of the marketIf you need more reasons for that added push to join a trading competition, here are three advantages based on the experience of trading competition…See More

Sep 21, 2012

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How to Prepare for a Forex Trading Competition

So, you want to join a Forex trading competition?Whether you are looking for the thrill of competition to spice up your boring routine or simply want to learn more about the markets, trading competitions are indeed a great idea to get into.Before you do that however, it’s important that you make some necessary preparations. You want to do better than blowing up your account trying to win the cash prize. Just because you’ll be using a demo account doesn’t mean you should trade recklessly. And…See More

Sep 19, 2012

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