Week of Risk Aversion Was Moderately Good for US Dollar

This week was good for the US dollar as risk aversion sentiment caused by the problems in Europe increased demand for safety of the US currency. The end of the week, though, was marked by return of risk appetite, reducing gains of the greenback.

The week had the same issue at the forefront as the couple of the previous weeks — the European debt crisis. Perhaps, as in the previous year, market participants would become bored with Europe’s story that doesn’t seem to move anywhere and would turn their attention to other issues of the world economy. For now, though, the main market driver remains the same.

The first half of the week was positive for the dollar as Greece and Italy were plagued by uncertainty about their political future. By the end of the week tensions subsided on the s

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Daily Chart Art – November 10, 2011

GBP/USD: 4-hour

Am I seeing double? Unless my eyes are deceiving me, those seem to be double tops on cable’s 4-hour chart. According to the School of Pipsology, this chart pattern is usually considered a reversal signal, suggesting that GBP/USD could be on a downtrend soon. If it breaks below the neckline at 1.5900, that is! Bear in mind that the formation is roughly 200 pips in height so if we see a breakdown, cable could also fall by 200 pips until 1.5700. See for yourself in our Chart Patterns Cheat Sheet!

USD/CAD: 4-hour

If there’s one thing I know about USD/CAD, it’s that this pair loves to range. As you can see from its 4-hour chart, resistance at the 1.0200-1.0250 area has been holding up pretty well for almost an entire month already.

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Cash advance loans: key factors you need to know about

Credit rating is one of the main reasons that stop most people in need of money to take a payday loan. Just because some people are denied a traditional loan because of their bad or poor credit score, they feel they have no longer access to any lender or lending scheme in which they can apply.

There are still some plans for payday loans or cash advance loans on the market, which is accessible to everyone and anyone with or without a credit history. Cash advance money mutual can easily help you with your long car repairs or household emergencies. The repayment term will range from 2 to 4 weeks and your short term financial needs will be solved instantly. Learn more about cash advance in the next video:

What is the purpose of payday loans?

Payday loans are designed for people who need a short term financial assistance before their next pay check. Read the full article…

Debt Relief Program with Pros

In case your debt reaches the acute stage, you will have to take care of your repayment programs using different types of alternative ways. Debt relief plan is considered to be one of the easiest methods to repay previous dues which seem to be burdensome to debtors. Debt relief process must be conducted in more systematic way so that finally your financial career must not be worsened on account of heavy financial loss.

Often many debtors decide to shoot application for registering their names as bankrupt people. It is good to declare bankruptcy before facing maximum loss. After the approval of bankruptcy related application, your property will be covered under insolvency schemes. Your credit ratings will be dampened and in upcoming years, you will have to pass hard times owing to absence of any financial aids in the form of loans to spoon feed your business. Read the full article…

How to begin at Forex market successfully

The Forex market is known to be a very lucrative market, with trillions of dollars traded each day. To get started in the Forex market and make the most of your IT investments, you must select a suitable broker. Forex brokers do not work for commission, but generate their gain from the difference in the sale and purchase price of currency at a given moment. This difference is called the “gap”, and is calculated in “pips”. To save money, choose a broker who offers lower spreads on your Forex investments.

While in the equities market brokers function independently, in the Forex market, they are usually registered with banks and other credit institutions. Read the full article…

Weekly Trading Update – 31 October – 04 November 2011

There were no trades for me this week. Regarding my 4 hour trading system (see right for more details), there were no decent set-ups on any of the major pairs, and I havent used my early morning breakout system this week because to be honest I have preferred to watch the share price movements of Tomco Energy instead.

This is the only small cap stock in my portfolio and it has continued to soar higher this week, despite a little bit of selling today after the latest RNS. I have already decided that if this stock gets to 10p in the next few years (which Im sure it will), I will probably give up forex trading and put this blog into retirement because I will have more than enough to live on. If it goes beyond that or gets taken out at a higher price, then I definitely will.

Forex trading is proving to be very tough right now with all the uncertainty surrounding the Eurozone, and I am finding very few decent set-ups as a result.

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The Income Tax Burden of the Top 1%: A Geographical Perspective

In 2009, the top 1 percent of taxpayers—1,379,822 of them—paid more than the bottom 90% combined.  Geographically, this is equivalent to a city the size of San Antonio, TX paying more in income taxes than every person living west of the Mississippi.

Likewise, the top 0.1 percent—138,000 taxpayers—paid a greater share than the bottom 75%.  In other words, a city the size of Dayton, OH would have paid more than a country the size of Germany.

Would Dayton San Antonio be agreeable to such a reality?

Doubtful. 

Follow David S. Logan on Twitter @Loganomix