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New York Session Recap

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jan 28, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The price action in NY was relatively mild up until the FOMC and RBNZ rate decisions/statements. The Fed's statement was little changed but the fact that they reinforced their willingness to support the markets via more purchases of MBS and other paper put a bid under the USD and stocks....

    complete article here...

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