Sign inRecent Commentaries tagged (forex)
SpotEuro Forex Daily Outlook March 12, 2010
Happy Friday Traders, A very quiet market over the last 24 hours. With the release of today’s Retail Sales and U of M Sentiment during the NY session, we won’t have to wait long before we see some volatility. In fact, the price should now begin to stage a breakout over the next 2 days. Either...
A Look at GBP
Lately the theme that I have seen in the market has been a mild willingness to take on risk, except when looking at GBPUSD. On a day chart the pair still remains in its down trend although it is currently off of its recent lows. It has found support near 1.4870, which had been acting as...
The Trend Trader For Forex Trading on Friday, March 12, 2010
The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness....
Spread, Profits and You
You might not recognize the effect that spread has on your trading, and you broker likes it that way. If you are a scalper, you have no doubt already noticed that the spread can cut your winnings in half on a single trade. However the effect of spread on long term traders is not less drastic...
Currencies calmly accept rampant Chinese growth
IB FX Brief Currencies calmly accept rampant Chinese growth Thursday March 11, 2010 There’s a nice mix of arguments this morning to give rise to conflicting views on today’s currency movements. A slew of healthy data out of China confirmed up to be a rambunctious pup desperate to play in the...
Euro Building Support Base for Potential Upside Breakout
The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still influencing the trade although this will change with Thursday’s Weekly...
Euro was able to stage a technical recovery during the day
EUR/USD The Euro again dipped to test support below 1.3550 against the dollar on Wednesday and the US currency was also unable to sustain a break below this level for the second day. The Euro was able to stage a technical recovery during the day, bolstered by the ability to hold support and...
USD/JPY
ForexPros Daily Analysis March 11, 2010Fundamental Analysis: Retail SalesTraders of the US anticipate the publication of the Retail Sales. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is...
Euro Dollar
ForexPros Daily Analysis March 11, 2010Fundamental Analysis: Retail SalesTraders of the US anticipate the publication of the Retail Sales. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is...
The Trend Trader For Forex Trading on Thursday, March 11, 2010
The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness....
Dollar Finishes Higher Despite Strength in Equity Markets
The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The Dollar bent at times, but never broke.Firmer U.S. equity markets...
Chinese export data pressures yen
IB FX Brief Chinese export data pressures yen Wednesday March 10, 2010 A year after the weakest close for global equity prices, risk appetite has very much returned to the agenda. Stock prices are 60% or so higher from the bottoms reached in March 2009. Of course at the time no one knew it was...
Continuing lack of confidence in the Euro-zone economy
EUR/USD The Euro was unable to make any headway in early European trading on Tuesday and there was a renewed test of support close to the 1.36 level. The Euro was subjected to further selling pressure during the Europeans session with a low close to 1.3535. There was a continuing lack of...
USD/JPY
ForexPros Daily Analysis March 10, 2010Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in theMarketExpert: Anthony CherniawskiWhen: Mon, Mar 15, 2010, 11:00 ESTThis session will discuss the proprietary cycles studies with otherpatterning devices and techniques to enhance the...
