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Summary

You will learn a simple system for placing "set and forget" trades while you are away from your computer. You will get the rules, the positives and negatives of the system, and see how you can test this out for yourself to see if it may work for you.
 

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Editors’ Picks

EUR/USD holds onto highs despite souring mood

EUR/USD is trading above 1.22 but off the highs. US Durable Goods Orders jumped by 3.4% in January, better than expected, and jobless claims surprised with a fall to 730K. Q4 GDP upgraded to 4.1%, as expected. The dollar is down despite falling stocks and rising US yields.

EUR/USD News

USD/JPY: Bulls in control above 106.00, move beyond monthly tops awaited

USD/JPY continued gaining traction for the third straight session on Thursday. The formation of an ascending channel supports prospects for additional gains. Bulls seem poised to challenge channel resistance near the 106.70-75 region.

USD/JPY News

GBP/USD advances towards 1.42 on dollar weakness

GBP/USD has been advancing as the dollar retreats despite higher yields and as markets cheer Fed Chair Powell's pledge to accommodative monetary policy.

GBP/USD News

XAU/USD drops further to $1770 ahead of critical support

Gold dropped further during the American session and bottomed at $1769, the lowest level since last Friday. The metal erased weekly gains and is back below $1780 as US yields keep rising.

Gold news

WTI pulls back from fresh cycle highs in the $63.70s

Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary (or WTI), bounced off the $63.00 level in recent trade but remain below session (and cycle) highs in the $63.70s set earlier during the European trading session. At present, WTI trades very modest in the green at around $63.25.

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