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I was reading an article last week and the author’s method of determining his stop loss levels was new to me. I had never before heard or read anyone else who does it this way and that is why I’m posting this information. I’m not saying I’m going to adopt this method in my trading but it is certainly refreshing to get a different perspective. The author, Derek Frey, uses the fibonacci sequence, specifically 8, 13, 21, 34, 55, and 89 as stop levels. For example, let’s...

China says Doha Round trade talks at dead end due to US, EU - UPDATE

March 16, 2008 on 1:29 pm | In Currency |

BEIJING (XFN-ASIA) - Commerce Minister Bo Xilai said the Doha Round of trade talks appear to be at a “dead end” because of the US and EU.

Speaking to reporters at a news conference, Bo said that the talks have addressed issues of concern to developed countries such as the protection of intellectual property rights, but he noted that progress has not been made on farm aid.

“Developing countries are most concerned about farm trade and services,” Bo said.

He added that it was developed countries such as the US and members of the EU that were impeding progress.

The talks under the World Trade Organization (WTO) were suspended last year amid a bitter dispute between Europe and the US over farm tariffs and subsidies.

Bo said China has already opened up much of its service sector to the outside world, adding that Beijing does not expect special treatment from the WTO.

“We do not expect to enjoy a free lunch at the WTO,” he said.

will.davies@afxasia.com

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