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********************************************************** Market Review - 27/08/2008 21:07 GMT Euro rises versus dollar on hawkish comments by ECB's Weber The euro rose on Wednesday after trading above its six-month low at 1.4570 (made on Tuesday) as comments by a European Central bank official rekindled speculation about an interest rate increase in the eurozone to quell persistent inflation pressure. Investors also remained wary of nagging troubles in the U.S. financial system
********************************************************** Market Review - 27/08/2008 21:07 GMT Euro rises versus dollar on hawkish comments by ECB's Weber The euro rose on Wednesday after trading above its six-month low at
1.4570 (made on Tuesday) as comments by a European Central bank
official rekindled speculation about an interest rate increase in the
eurozone to quell persistent inflation pressure. Investors also
remained wary of nagging troubles in the U.S. financial system
This article is taken from the Trader's Journal magazine (May 2008 issue) The author, Joe DiNapoli, is a veteran trader with over 40 years of solid market trading experience. He is also a dogged and thorough researcher, an internationally recognized lecturer, and a widely acclaimed author. Joe, a registered C.T.A. for over 15 years, has taught his techniques in the major financial capitals of Europe, Asia, Russia, the Middle East and South Africa as well as in the United States. His articles
The Relative Strength Index (RSI) is one of the most widely used technical indicators by traders. The RSI is an oscillator because it is an index whose value tends to swing between an upper limit value and a lower limit value. It is used primarily to help identify overbought or oversold conditions in a particular currency, as it is formulated to fluctuate between 0 and 100, enabling fixed overbought and oversold levels. It does this by confirming changes in momentum which signals an imminent
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