AvaTrader is a state of the art trading platform that can be customized to any trader’s preferences and requirements. The trading platform AvaTrader is a seamless solution to trade Forex (Foreign Currency Exchange). The software receives feeds with live streaming prices updated few times each second, allowing the trader to take advantage of those capabilities.
As May Retail Sales overshoot expectations, Australian dollar price action received attention overnight. Expanding by 0.7% versus 0.1% expected. The upside surprise was accelerated by a 2.2% jump in sales of recreational goods and it was the fastest increase in 6 months. The Euro tested higher overnight trading, carefully getting above the 1.5800 level moving toward to resistance at 1.5837. The Pound stayed in a tight 25-pip range all the way through the Asian session following a spike to touch the all-important 2.00 level during US hours.
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Posted on Jul-02-2008
