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Trade Against The Retail Herd 28th Feb

Submitted by Pivotfarm on 02/28/2011 04:06 -0400

What's new today?

A slew of potentially market moving and thus retail position moving events today, EUR CPI is released at 05:00 EST, CAD GDP at 08:30 EST (big mover), 09:45 and 10:00 are the USD Chicago PMI and Pending Home Sales respectively, at 19:30 AUD Retail Sales is likely to cause a splash. EURCHF firms its position in the short zone, at the same time GBPUSD and EURUSD slip a little in strength, but GBPUSD still remains in the long zone.

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Provided by Pivotfarm via the Technical Analysis blog

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