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Watch Me TRADE's video: Live Futures Trading Concepts Thought Process April 18

@Live Futures Trading Concepts & Thought Process "April 18"
The U.S. dollar edged lower Thursday against other major currencies, including the euro, after data showed that the American economy is likely to grow slowly in the near term. The Conference Board's leading economic index fell 0.1% in March following three months of gains, defying expectations for a rise. Separately, the Philadelphia Federal Reserve's index of business conditions fell to 1.3 in April from 2.0 in March. The weak data weighed on the greenback. The ICE dollar index DXY -0.29% , a measure of the dollar against a basket of six other major currencies, fell to 82.399 Thursday from 82.649 late on Wednesday. The WSJ Dollar Index XX:BUXX -0.28% , a rival gauge that uses a slightly larger basket, declined to 73.61 from Wednesday's close at 73.87. The euro rose modestly against the U.S. dollar, recovering some ground following a sharp loss the previous day spurred by anticipation of an interest-rate cut from the European Central Bank. The euro EURUSD +0.4545% bought $1.3079, up from $1.3028 late Wednesday. The euro gave up more than 1% Wednesday after Bundesbank President Jens Weidmann said in an interview with The Wall Street Journal that the ECB may lower interest rates if economic data warrant such a move. But rate reductions won't resolve the region's troubles, he said, adding that elected leaders need to find ways to bolster economic growth. "Since Weidmann seems to be malleable to the idea of a rate cut, we think this brings German economic data into focus as a key driver of [the euro] in the coming weeks," said Kathleen Brooks, research director at Forex.com in London. A lower benchmark interest rate could make the euro less appealing, as rate reductions tend to depress yields on sovereign bonds. The ECB earlier this month kept its key interest rate at 0.75%, a historic low, meeting widely held expectations. Weidmann spoke ahead of the start of the International Monetary Fund meeting this weekend. Officials from the Group of 20 major economies are also slated to meet starting Thursday, with the Bank of Japan's recent launch of an aggressive monetary-easing program expected to be in focus. The effort by Japan to reflate its stagnant economy has been a key driver in the yen's moves in recent weeks, with selling of the Japanese currency pushing the dollar toward the ¥100 yen level. A Japanese Silicon Valley? Japanese Prime Minister Shinzo Abe is teaming up with Internet billionaire Hiroshi Mikitani in hopes of revitalizing the country's technology industry. However, the yen saw gains last Friday and at the start of the week after the U.S. Treasury Department warned Japan "to refrain from competitive devaluation and targeting its exchange rate for competitive purpose." The dollar USDJPY +0.0244% on Thursday traded at ¥98.16, up from ¥98.10 late Wednesday in North America. The yen briefly strengthened against the greenback after Japan posted a narrower trade deficit for March as exports swung to a 1.1% from the year-ago period. The result was roughly in line with an expected 1% rise, according to a survey of economists conducted by Dow Jones Newswires. Elsewhere, the British pound GBPUSD +0.4170% changed hands at $1.5286, up from $1.5238 on Wednesda

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This video was published on 2013-04-18 21:54:24 GMT by @Watch-Me-TRADE on Youtube. Watch Me TRADE has total 5.7K subscribers on Youtube and has a total of 261 video.This video has received 7 Likes which are lower than the average likes that Watch Me TRADE gets . @Watch-Me-TRADE receives an average views of 4K per video on Youtube.This video has received 4 comments which are lower than the average comments that Watch Me TRADE gets . Overall the views for this video was lower than the average for the profile.

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