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Join Dale (30 years experience) and Mark (6 years experience) in our live, interactive forex trading room every day.

The session starts with the market open session where Dale our head currency trader will update you on what has happened overnight and opportunities that are setting up. This session will be interactive, lively and highly informative. It's designed to get you into the [trading] zone.

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30 Years of Experience
Commodity & Currency Trader
Former Chicago Floor Trader
Guest on CNBC, FNN, KWHY +
Former Commodity Broker
Today's Market Talk
 


Tuesday, February 23rd, 2010

It was a "red day" across all asset classes, Crude Oil & Gold down, Equities down FX down all tied to the lynchpin of dollar strength.

Picture a balloon being blown up and then the air is released, the dollar is the air hose. When the dollar is weak air flows into the balloon and prices expand (go up), when the dollar is strong the air in the balloon is released and prices fall (go down, deflate).

We believe in the coming days, the EURUSD will trade below last Friday's low of 1.3450 and set up a counter trend buying opportunity and the air will flow back into the balloon. stay tuned......

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