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Central Banks Make Moves to Shore up Credit and Money Markets; US Stocks Fall Following Bernanke, Minutes Tuesday, October 7th, 2008 The RBA lowered rates by a full 1%, surprising markets. The ECB and other central banks made moves to lend to banks. The Fed said it would set up a fund to buy commercial paper and injected funds as well. Bernanke and Fed Minutes painted a gloomy picture o…

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Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

There was an inside bar created at the close of today’s sessionin the EUR/JPY.

Herewith is my daily video recap for October 7, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room. The latest Probability Studies can be found on our blog right here: http://blog.fxinstructor.com/07-october-probability-studies-fomc-minutes-eyed/ To learn more about the Live Forex Trading Room, please visit: http://www.fxinstructor.com…

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