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David Hunt wrote,
>The activities of the Fed in the currencies in the early to mid 1990s were
>often very technically oriented.
>Our own Reserve Bank is technical to some extent and seems (by its
>accounting books) to make money from its trading activities so they must
>think Technical is worth while.
About few years ago the Federal Reserve issued a paper looking at the
validity of technical analysis in the currency markets. Their conclusion
was that technical analysis played a valid role in the decision making
process in currency markets.
Regards,
Robert Bianchi
Email:R.Bianchi@xxxxxxxxx
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