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Today's Live Show: Will the EUR and GBP Continue their Bullish Trend vs. USD?

Thu, Oct 29 2009, 16:47 GMT
by Ilian Yotov

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In the broadcast today: Will the EUR and GBP Continue their Bullish Trend vs. USD? With risk appetite back with a vengeance after the "blockbuster" U.S. GDP report, we examine the probabilities for the existing bullish EUR, GBP and other currency majors' trend vs. the USD to continue and note some warning signs that could create bumps along the road, we analyze the latest trend developments with the EUR/USD and GBP/USD currency pairs, we follow up on the NZD after the Reserve Bank of New Zealand's interest rate announcement, we take a closer look at the USD/JPY currency pair ahead of tonight's important economic data from Japan, we highlight the market's reaction to the German Unemployment Rate, the Euro-zone Economic Sentiment, and the U.S. Gross Domestic Product and Jobless Claims, we discuss new forecasts from Bank of New York-Mellon and Royal Bank of Scotland, and prepare for the busy trading session ahead.      

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Legal disclaimer and risk disclosure

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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