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Markus Heitkoetter

As CEO at Rockwell Trading, Inc., Markus has taught hundreds of investors in the U.S. and European markets. Markus started trading 19 years ago, using point and figure charts from published numbers in the morning newspaper, mainly with stocks. In 1996, he began developing a number of trading systems by using SuperCharts (which is now TradeStation), MetaStock, OmniTrader and other software. In 2002, Markus decided to quit his regular day job as a director at IBM and become a professional trader. He moved from Germany to the United States to get started.

Throughout his career, Markus has traded EVERYTHING: stocks, options, futures, commodities, spreads, Forex, foreign markets, interest rates, etc. If it’s out there, he’s probably traded it. In addition, he’s traded on a wide variety of different timeframes: ticks, 1-, 3-, and 5-minute, hourly, daily, and weekly.

In the past 5 years, Markus has taught his strategies and methods to hundreds of traders all over the world, offering educational webinars for the CME (Chicago Mercantile Exchange), Eurex, FxStreet, Strategy Runner, and other financial companies. He’s written articles on over 500 websites, and he’s become an expert contributor on ezinearticles.com, Yahoo Answers, and FAQTs.com. Markus holds the German equivalent to an MBA in Business Administration and Computer Science.

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Daily currency analysis for Monday, October 27, 2008

Posted 10-29-2008 at 01:16 AM by RockwellTrading.com
Daily currency analysis for Monday, October 27, 2008

EUR/US$

The Euro remained under pressure in European trading on Monday and dipped to lows around 1.2330 against the dollar, a fresh two-year low for the currency.

The German IFO business sentiment index weakened further to 90.2 in October from 92.9 previously, a record low for the index as expectations deteriorated sharply. Although IFO officials also cautioned against excessive pessimism, there will be further expectations of Euro-zone deterioration and pressure for further interest rate cuts.

In comments on Monday, ECB Chairman Trichet stated that the bank could cut interest rates gain at the November 6 meeting, although a reduction...
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