Continued auctions by multiple central banks, and lower-than-expected losses in 1Q2008 earnings from major financial institutions, initiated a relief rally in equities and the forex trading market this past week. Risk aversion dropped and carry trades rose on the widespread belief that the unconventional measures taken by the Fed, ECB, BoE, BoJ, and SNB have […]

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In forex trading, a doji candlestick is formed when the open and close prices for a specified time period are the same or within a few pips of each other, forming a small or non-existent body. The wicks can be long or short, above or below or both, but it is the small body that […]

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