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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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Can the Equity Rally Continue? What is Going on in the Crude Market?
By Ralph Shell | 12:58 PM Nov 11 2011 | 2399 Views | 0 Comments | 
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The installation of an Ivy League trained economist, Lucas Papademos, in Greece, and passage if a new austerity budget in Italy, has the markets applauding. The new austerity bill will pave the way for the appointment of yet another Ivy league economist, Mario Monti, to become the new PM in Ro...
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European Crisis Continues to Dominate the News
By Ralph Shell | 2:32 PM Nov 17 2011 | 2523 Views | 5 Comments |
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The continuing European saga that began appropriately in Greece, the cradle of modern civilization, has now been spreading far beyond the Aegean Sea. As the crisis has spread, the countries political leaders have been discarded. The first to go was the Irish PM, who so generously volunte...
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Looking at Longer Term Currency Trends
By Ralph Shell | 1:13 PM Sep 16 2011 | 1732 Views | 1 Comments |
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The troubled euro got some help this past week, which enabled the euro versus the USD to bounce from a low slightly under the 1.35 handle. The pair was able to rally to the top side of 1.39, but that rally was short lived. Assurances by the Germans and the French that the Greek bail out ...
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Markets Cautiously Await Europe Developments
By Ralph Shell | 2:07 PM Oct 19 2011 | 2417 Views | 0 Comments |
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Now that the European Financial Stability Facility, otherwise know as the EFSF, has been approved by all 17 countries, and will be increased to €440B, there will be a weekend meeting designed to leverage the fund to a larger number. The Guardian, from unnamed sources,says this fund will b...
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Fear Diminishes, Equities Rally, and the USD Takes a Hit
By Ralph Shell | 1:00 PM Oct 10 2011 | 2083 Views | 0 Comments |
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What a difference a week end can bring. A collective epiphany among the euro leaders has occurred and they now recognize something must be done to save the banks. Merkel and Sarkozy have vowed this will happen, but this time it will take more than happy talk and vague promises.
Europe...
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What is Going on with the British Pound?
By Ralph Shell | 12:53 PM Oct 05 2011 | 1863 Views | 0 Comments |
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British PM David Cameron, delivering his keynote speech at the annual Conservative Conference said, "I know you can't see or feel the recovery." And for good reason the recovery remains invisible, there isn't any. That is unless you call today's Q/Q increase in the GDP of +0.1%, or +0.6%...
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Is there Much More Downside in the Aussie?
By Ralph Shell | 1:15 PM Nov 23 2011 | 2312 Views | 0 Comments |
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Since the AUDUSD traded on the topside of 1.07, we have been cautiously bearish on the Aussie. The trouble is we were too cautious, did not get short, and are now on the sidelines as the market trades at the 97 handle, down over 1000 from the high. Usually when you decide on which direct...
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What is Ahead for the Canadian Dollar?
By Ralph Shell | 2:25 PM May 10 2011 | 2288 Views | 0 Comments |
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While the global news was focused on the demise of Ben Laden by the US Navy Seals, it largely ignored was an election north of the border. The election of Prime Minister Stephen Harper, a conservative, was a decisive victory, giving Harper a strong parliamentary majority.
As an unabas...
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When Do We Buy the Swiss Franc?
By Ralph Shell | 7:26 AM Aug 08 2012 | 3637 Views | 0 Comments |
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There has been a steady barrage of conflicting information about the euro during the past week. The euro market was deflated after the ECB President Draghi's press conference, but quickly reversed once Spain announced there was a break through, and lower borrowing rates would be available in t...
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Latest Greek Election to Cost 30% Less than The May Election
By Ralph Shell | 10:09 AM Jun 13 2012 | 3213 Views | 0 Comments |
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With practice, the Greek's are becoming more efficient, with their elections anyway. The May 6th elections cost €50m and the new one is scheduled to cost only €35. The savings comes as the interior minister will now accept voting results by fax, rather than the more expensive t...
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CFTC COT Report, Data Feb. 28 2012 Currency Summary
By Ralph Shell | 7:55 AM Mar 05 2012 | 2904 Views | 0 Comments |
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Speculators continued to reduce their long USD position in the latest reporting period. The net long was reduced to 88,961 contracts from the previous periods 126,117 contracts. The biggest reduction, 35,818 contracts was in the euro. There was als...
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Is the US Economy Really Slowing?
By Ralph Shell | 9:59 AM Jan 30 2013 | 1167 Views | 0 Comments |
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Today we received the US Advance GDP Estimate - and it was a shock. This report was expected to be lower than the previous quarters 3.1% gain, but a negative 0.1%, down from an estimated positive 1.1% was indeed a surprise. The report claims the negative number was caused by a decline in...
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How Important are Your Friday Trades?
By Ralph Shell | 9:39 AM Apr 11 2013 | 865 Views | 2 Comments | 
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Are trades you make on one day of the week more important than another day? Why should there be any difference you might ask, when the trading is done online, and the day should not really matter? The market opens early Monday in the Asian market, which equates to 22h00 or 23h00 Sunday D...
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European Central Bank Gives Bankers a Year End Bonus
By Ralph Shell | 5:50 AM Dec 21 2011 | 3316 Views | 1 Comments |
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European bankers, beleaguered by a myriad of problems, mostly related to the sovereign debt crisis, received a holiday bonus today. The ECB generously offered banks, loans at the current bank rate of 1%, for a three year period. The ECB reported 523 banks requested €489B, making wha...
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COT Report For Friday, March 4 2011
By Ralph Shell | 12:24 PM Mar 06 2011 | 3404 Views | 3 Comments |
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The Bottom Line: With the big specs flipping their position to the short side of the yen, they are now unanimously short the USD versus all other currencies. The total short in the USD has increased to 375,402 contracts, up from 265,722 contracts in the previous week. With th...
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Euro Longs Liquidate in Latest COT Report Data 07 12 2011
By Ralph Shell | 11:57 AM Jul 17 2011 | 2719 Views | 0 Comments |
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Speculators reduced their long position in the euro from 56,296 contracts to 14,603 as the euro debt news remained bleak. Despite specs aggressively buying the USD and selling the euro, specs remained short 169,085 contracts in the USD, down only 7,896 contracts in the period. There was an inc...
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Is Bear News Weighing Both the USD and the Pound
By Ralph Shell | 2:58 PM Jun 02 2011 | 2271 Views | 0 Comments |
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Recently a survey by Ipsos MORI, of the 24 largest world economies, found that British negativity regarding their economic outlook was very high. With real estate prices soaring, especially in the choice London locations, where the Mid-East oil money is bidding up the market, native Brits feel...
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Shortcuts and Syndication
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Author Bios
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Ralph Shell: Ralph did his graduate studies in economics and history at Duke University. He has ten years experience trading cash commodities in domestic and export markets and is a former commodity analyst with Merrill Lynch in Chicago. He was a member of and floor trader at the Chicago Board of Trade for 18 years.
Forex Captain: The Forex Captain has been a strategy developer and forex trader since 1998. From 2002 till 2009 he ran a successful managed account based on his tradestation coded strategies at FXCM. In 2007 his managed fund was ranked in BarclayHedge Rankings as one of the Top 10 Currency Traders managing less than $10M & more than $1M. Since 2009 he has been developing Expert Advisors in MQL4 for private trading, and from June 2010 he has joined the Project Triumph team as a currency analyst and project manager.
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