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UFXBank Daily Outlook for 27-Aug-2009 :10-76 by Kate – Analyst – International Desk.

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UFXBank Daily Outlook for 20-Oct-2009 :10-104 by Kate – Analyst – International Desk.

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For more information, visit www.markettraders.com

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A BIG MOVE YESTERDAY across the GBP pairs. The GBP/USD fell from 1.5920 to 1.5665 in 8 hours and is now in danger of turning over before reaching the 1.60 level. Another attempt at 1.59 could give bears an opportunity to get in at a very nice price for a potential move back to 1.5150 over the next 2-4 months. Equities are not rallying and if they stall at these levels, investors will panic and buy gold. International investors will also flock to gold assets and we should see the CAD, AUD, and even the USD outperform the majors. This is the safe haven move we have been expecting for the last 2 months; however, the concern is that the retracement we expected after hitting lows around 1.18 corrected much higher than anticipated, and 1.39 is not far away. We are looking for the top to be within the 1.37/1.39 range for the EUR/USD pair. At this point, the euro may follow the pound, so be on alert.Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading. If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

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For more information, visit www.markettraders.com

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ForexTV – Jay Norris from Brewer FX runs through fx movements and real-time forex charts.

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