Another outbreak? Experts warn of flu scams - Reuters

Forex News: Another outbreak? Experts warn of flu scams - Reuters

Seattle Post Intelligencer

Another outbreak? Experts warn of flu scams Reuters - Susan Heavey By Susan Heavey WASHINGTON, May 1 (Reuters) - Health officials are warning the public about another, less serious outbreak: a rise in flu-related scams, including a growing number of hoaxes. Video: H1N1 Virus WTNH Putting Swine Flu in Perspective WebMD The Associated Press - Chicago Tribune - Xinhua - Detroit Free Press all 3,038 news articles

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I thought it was highly interesting the correlations between the Forex Market and this recent outbreak of Swine flu.  It seems that though Mexico was hit hardest by this latest epidemic of flu, the Mexican peso was largely unphased.  I even tried to demo a trade of USD/MXN and it just went against me almost 500 points in a few minutes! Completely unbearable and unpredictable especially considering the spread on that pair is over 100 pips for me!   So, if anyone has any strategy for trading the Peso versus the USD I’d love to hear it.

Stay safe from the Swine Flu Blues everyone!  :)

Canadian Dollar Forecast Bullish on Extreme Forex Sentiment

Forex News: Canadian Dollar Forecast Bullish on Extreme Forex Sentiment (Daily FX via Yahoo! Finance)

EURUSD - Euro Forecast Bullish Against US Dollar USDJPY - Japanese Yen Outlook Shifts on Major Price Moves GBPUSD - Forex Trading Systems Indecisive on British Pound USDCHF - Swiss Franc Expected to Rally Versus US Dollar USDCAD - Canadian Dollar Forecast Bullish Against US Dollar

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It’s interesting to see that the Canadian dollar is doing well in the current environment considering the central bank of Canada just cut the key target interest rate to 0.25% this week.  Even though this matches the USD, I’m surprised to see the CAD not experience a huge selloff like in years past.

Trading with High Leverage Warning

Forex News: Forex On Margin (Forbes)

Very interesting article I thought I should share with you all about Forex Brokers and Leverage.  Basically the entire gist of the article from Forbes alludes to the idea you shouldn’t be bedazzled by offers of high max leverage in forex trading. Consequently High Leverage benefits your broker more than you.  Always remember that your broker makes money even if you do not.  

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Non Farm Payrolls - The King Of All Forex Events (TradingMarkets.com via Yahoo! Finance)

Forex News: Non Farm Payrolls - The King Of All Forex Events (TradingMarkets.com via Yahoo! Finance)

Well, it looks like Non Farm Payroll jobs lost another 800k jobs last month, raising the unemployment rate to over 8% for the first time since the 1980’s.  I This downward spiral of uncertainty led way to a massive USD selloff after the announcement, only to be followed by a massive GBP selloff a few hours later.  I just watched the GBP/USD drop like a rock over 200 pips in an hour.  Something out there really has got traders startled, the sideways action for most of the day really has a lot of traders sitting out the sidelines until confirmation is more apparant.

Hopefully Obama can get more jobs in the hands of Americans posthaste.

Forex Market Conditions Unexpectedly Shift

Yesterday’s Forex Trading Weekly Outlook proved largely inaccurate, as unexpected breakouts in US Dollar pairs clearly hurt the effectiveness of most Range trading signals. Of course, we warned that our confidence in yesterday’s forecasts were especially low.

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