ForexGen Trader

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Trend of the Day EUR/AUD

EURAUD is coiling in a tight Pennant formation.The European Central Bank (ECB) rate decision could be the catalyst needed to break this pair out of this range and toward new highs. The daily trend remains up and prices are hugging close to the rising daily support trend line. Buying at support with a stop 50 pips below the trend line targeting the next level of resistance occurring at 2.0597 would... [read more]

ForexGen | China Says Impact of Global Crisis Deepening

Impact of global crisis on China deepening, official warns job losses could fuel instabilityChina's top economic planner warned Thursday that the impact of the global financial crisis is worsening and said rising job losses could fuel instability.Beijing announced its biggest interest rate cut in 11 years on Wednesday to boost consumer and company spending, reflecting its growing urgency about reviving... [read more]


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