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2011/12/28

USD Strengthens Across Six Currency Pairs - Details Inside

Matthew Mocorro

From the Desk of Matthew Mocorro
Director of Global Education, Next Step Financial Holdings
Click Here to Attend Tomorrow's Webinar on the Foreign Currency Exchange (Forex) Market

December 28, 2011

Dear Andrew,

In recent weeks, Eurozone nations have taken preventative measures to keep their debt crisis from escalating. Just last week, the European Central Bank (ECB) lent 489 billion euros to banks to keep cash flowing into Eurozone nations. Today, Italy auctioned off 9 billion euros of 6-month bonds. Tomorrow, Italy will auction off 8.5 billion euros of longer-dated bonds. 

The recent news regarding the Italian Treasury bond buying policy and the massive balance sheet of over 3 trillion US dollars that the ECB now manages have caused massive dollar strength across the major currencies (see chart below). The movement across these 6 currency pairs averaged 100 to 200 pips in a matter of hours!

USD Strength

Join us in one of our next LIVE Forex webinars to see how Market Traders Institute's clients can learn to apply technical analysis while monitoring news events to potentially capture massive movements. 

Thursday, December 29th at 11am ET REGISTER TO ATTEND >

Thursday, December 29th at 7pm ET REGISTER TO ATTEND >


Last Chance! Lock in the 2011 price and save on Forex education -
The Ultimate Traders Package on Demand is loaded with time-tested education modules, video mentorships packed full of wisdom from professionals in the field, challenging trading exercises to test your recently acquired knowledge, and more! Learn more in a free webinar >

We will also be discussing other Forex-related topics such as the basics of the foreign currency exchange market, effective trading strategies, ways to increase return on investment and the lifetime education in Market Traders Institute's Ultimate Traders Package on Demand. Register now >

Best Regards,

Matthew Mocorro
Matthew Mocorro
Director of Global Education

Next Step Financial Holdings

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Next Step Financial Holdings, Inc. (“NSFH”) does not hold itself out to be a Commodity Trading Advisor (“CTA”) and as such this information is not intended to provide investment advice. You are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult a legal or tax professional regarding your specific situation.

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The information as presented is based on simulated trading using systems and education developed exclusively by MTI. Simulated results do not represent actual trading. No representation is being made that any student will or is likely to achieve profits or losses similar to those shown. Past performance is not indicative of future results. Individual results vary and no representation is made that students will or are likely to achieve profits or incur losses comparable to those shown. MTI will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Please note that simulated trading results may or may not have been back-tested for accuracy.

Please note that simulated trading results may or may not have been back-tested for accuracy.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

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