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CURRENCY TRADING SUMMARY – 15th December (00:30GMT)
U.S. Dollar Trading (USD) stocks shot to year highs as the market reacted to Abu Dhabi's $10bn backing of Dubai World...
The Euro (EUR) remained well supported above the 1.4600 level all day but struggled to trade near the 1.4700 level as concerns about Greece, Spain and Ireland contained the rebound for now...
The Japanese Yen (JPY) was stronger against most currencies although gains were pared back after the Dubai news...
The Sterling (GBP) gained initially on the Dubai news with the UK banking sector which is heavily exposed to the region's debt breathing a sigh of relief...
Forex Radio Listen to the Forex Radio together with the CEP Broadcast. Forex Trading Outlook »»»
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Dukascopy Suisse SA announces the launch of a beta version MT4 platform // 12-15-2009
FXDRIVE CONTEST WINNERS! (Round 3) // 12-15-2009

The 3rd and final round of the FXDrive Demo Contest in 2009 is over!

Our contest keeps growing and has united over 12,600 traders from 138 countries. 2,457 contest accounts were disqualified for unfair play.

Along with the competition rises the skill level of the traders. The top 10 winners of the3rd round made the total of $141,807, whereas the top 10 winners of the 2nd round made $125,643 and the top 10 of the first round only $141,807. Apparently, it takes more and more skills to become the best of the best.

The first place winner with the total result balance of $21,090.50 became Leanid Yazepau from Belarus! In just 4 trading days he managed to make $21,090.50 from just $1,000 showing a 2,009% return on his initial account balance. Leanid will receive $3,000 to his live trading account in Forex Club. CONGRATULATIONS!

Here's our 2nd to 5th places participants, who won $500 each:

* Xie Qian from China with an end balance of $16,660.00
* Gritsutenko Yulia from Ukraine with an end balance of $16,348.20
* Li Tingsheng from China with an end balance of $14,663.70
* Wang Guolong from China with an end balance of $13,349.70


$300 for our 6th to 10th place winners:

* Huo Zonghao from China with end balance of $13,166.40
* Ahmed Adb Elmonsef from Egypt with an end balance of $13,020.70
* Hien Pham from Canada with an end balance of $11,547.30
* Li Weiliang from China with an end balance of $11,167.80
* Eshgin Shirinov from Azerbaidzhan with an end balance of $10,792.80


On top of that, over 1000 contestants ended the contest with an amount equal to or greater than $1,001, meaning that they won $20! Please keep an eye on your ExpressFX Contest Platform during the next 5 business days, because a message with the bonus details and its activation instructions will be sent directly to your ExpressFX trading platform when you log in with you current contest account.

Once again, congratulations to all the winners! We wish you reach the same results in live trading, too!

Please note, the top 10 contest winners must contact contest@fxclub.com with the following information within 5 days from this news publication date:

• Full Name
• Live Account Number to which you want the bonus money to be deposited

Read contest Rules for more details.

We would really appreciate if any of the top 10 winners could provide us with their picture and a quote about our contest. We will gladly publish it on our website!

Thank you

FXCM Micro Holiday Hours // 12-15-2009
Banks news
Credit Suisse Strengthens its Commitment to Combating Youth Unemployment and to Supporting SMEs in Switzerland // 12-15-2009
Deutsche Bank opens new branch in Tianjin, China // 12-15-2009
The Industrial and Commercial Bank of China Approved to Establish Hanoi Branch // 12-15-2009
Stock brokers news
Australia Stocks Log Third Straight Day of Gains // 12-15-2009
Wells Fargo to repay US bail-out // 12-15-2009
Morgan Stanley Announces Key Leadership Appointments // 12-15-2009
Insurance companies news
Filibuster Senator Lieberman and wife in bed with health insurance companies // 12-15-2009
Swiss Re announces first public-private longevity transaction, providing longevity risk cover to a local government pension fund in the UK // 12-15-2009
Scottish Life adds Brewin Dolphin to DFM panel on Pension Portfolio // 12-15-2009
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12-15-2009
USD/JPY 89.15 Technical Analysis

USD/JPY Open 88.69 High 89.40 Low 88.36 Close 88.58

Dollar/Yen made an unconvincing break of the 89.70 resistance on Friday, therefore bulls ran out of strength and the currency couple started dropping, which continued on Monday, closing the day at 88.58. Signals are expected to be neutral in the short term, but in general the ascending scenario remains intact for the intraday trading. On the 1 hour chart quotes are currently testing the 88.36 support level. Break bellow it may be a serious threat to the bullish outlook and weaken the Dollar further towards 87.76. The bullish perspective will be confirmed only if the upward momentum is strong enough to break above the 89.40 resistance level. The CCI indicator is positive on the 1 hour chart, suggesting insignificant bullish pressure.

Technical resistance levels: 89.40 90.04 90.76
Technical support levels: 88.36 87.76 86.60

Trading range: 89.05 - 89.65
Trend: Upward
Buy at 89.15 SL 88.85 TP 89.55

Already made +12 pips profit on USD/JPY today from the following signal:
5:32 Sell USD/JPY at 88.93 SL 89.19 TP 88.43 exited at 5:51 GMT.
Total today +162, yesterday +207.

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Breaking Forex Brokers News
Dukascopy Suisse SA announces the launch of a beta version MT4 platform // 12-15-2009
Dukascopy now offers fully integrated JForex and MT4 trading platforms in a unique Swiss ECN environment, to cater to all client needs and trading activities.
FXDRIVE CONTEST WINNERS! (Round 3) // 12-15-2009
Over 12,000 traders from 138 countries took part in the 3rd round of FXDrive contest!
FXCM Micro Holiday Hours // 12-15-2009
We Wish You a Happy Holiday Season and want to thank you for choosing FXCM. Please review our special holiday hours.
Reduced commissions at work with WebMoney // 12-15-2009
By popular demand the Broco is now optimizing the work with the WebMoney payment system!
ACM offers 6 types of accounts providing specific spreads and conditions. // 12-14-2009
Mini – Standard – Premium – Professional – Institutional – Institutional +
Daily Forex Snap-Shots

RBA Minutes Weigh On AUD
The USD is largely unchanged from yesterday – unsurprising given the lack of scheduled economic releases during the US session and absence of any market moving speakers or new headlines overnight. Equity markets across Asia are mixed; although the Nikkei, Hang Seng and Shanghai Composite are heading for a lower close. Most other benchmarks of risk are also stable with EURUSD still holding onto...
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Chart USDJPY(M15)
Daily Forex Reviews
12-15-2009
Daily Forecast
EUR/USD. Trading range: 1.4670 - 1.4570; Trend: Downward; Sell at 1.4658 SL 1.4690 TP 1.4581...
12-15-2009
Morning Forex Overview
The dollar was slightly stronger against the Japanese yen and the euro Tuesday in Asian afternoon trading...
12-15-2009
US Dollar/Canadian Dollar
Price pattern since 1.0875 is not impulsive to the downside...
12-14-2009
Daily Forecast
EUR/USD. Trading range: 1.4610 - 1.4710; Trend: Upward; Buy at 1.4620 SL 1.4588 TP 1.4697...
12-14-2009
Forex Overview
The dollar weakened against the yen and euro Monday afternoon in Asia, easing back after a climb to a two-month high last week as traders mulled the timing of future rate hikes by the U.S. Federal Reserve...
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