One of the first things a new recruit on Lehman Brothers' trading desk would have gotten is the Lehman Brothers Foreign Exchange Training Manual. It's a 126-page guide book filled with quizzes on how the forex market works. Some of it's basic but there is also plenty of good info on the options and …
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The price is trading around the MA line and traders are likely looking for either a bounce and break higher, or a further corrective move lower with the 0.9809 as the 38.2% of the day's range and the rising 200 bar MA at 0.98044 would be targets. Watch the 0.9838 above or for more selling below the 100 …
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JOHANNESBURG, Jan 9 (Reuters) – Angola's central bank sold 83.65 million euros at around 220 kwanza to the euro on Tuesday at its first foreign exchange auction since switching from a dollar peg to a currency trading band, two banking sources said. The kwanza was trading at 199 per euro prior to …
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Should inflation figures come in excess of analysts' projections, then forex market participants could propel pound/dollar higher in expectation for another interest rate increase by the BoE â after the one in early November â to be delivered sooner rather than later. In this case, the area around the 1.39 …
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