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Thursday, 10 March 2011

Trade Against The Retail Herd 11th Mar

What's new today?

Most pairs seem fairly neutral today, although action early in the London session seems to have some volatility behind it. Many potentially market moving events today that are likely to effect positioning key to watch will be the CAD employment data released at 07:00 EST, this pair has maintained a strong bearish bias in our research for many weeks (77% of retail traders long). The employment data released today could have a dramatic impact on positioning.

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