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forex trading webinar on March 29, 2012

Click Here To Watch Video Live Webinar From Thursday, March 29, 2012
Live Webinar From Thursday, March 29, 2012
By: Melvin P.

Thursday, March 29, 2012

The Eurozone Sovereign Debt story is coming back to the surface again and now the focus is on Spain. According to the Bank Of Spain, the Spanish economy has entered its 2nd recession with signs of economic contraction continuing throughout the year. The slippage in Spanish GDP forecasts is causing much investor concern, which is raising borrowing costs for Spain and putting pressure on the EUR/USD currency pair. Radical structural reform is needed in Spain and there are talks of 40 Billion Euro of cuts in their budget. Their budgetary plans will be revealed on tomorrow and the focus will not be on what measures are taken to become more austere, but whether they will meet their 2012 fiscal targets.

In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and we also place a few live trades using the Slumdog Forex trading system.


forex trading webinar on March 27, 2012

Click Here To Watch Video Live Webinar From Tuesday, March 27, 2012
Live Webinar From Tuesday, March 27, 2012
By: Melvin P.

Tuesday, March 27, 2012

We started today's webinar by discussing the reasons for the risk on sentiment in the market and yesterday's rally in the EUR/USD pair. Over the last few weeks, it appeared that any extra stimulus or QE3 from the FED was entirely priced out of the market and out of the dollar trade. However, on yesterday, Fed Chairman Ben Bernanke uttered some dovish statements at the National Association Of Business Economics, stating that the economy needs to grow more quickly, and without growth, unemployment will remain elevated. Many analysts took this as a sign that rates are going to stay low for now and that QE3 is not entirely off the table. The currency pair had rallied 176 pips and the Euro reached a 3 week high against the USD. This was done despite the resurfacing of sovereign debt issues in Spain & Portugal.

In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and the fundamental news pushing market prices. We also place a few live trades using the Slumdog Forex trading system.


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