GBPUSD has established a slightly down trending range over the last seven months, and it currently sits as the bottom of that range. The markets look to be increasing the risk that they are willing to take on, and recent...
Read MoreThe US retail sales data was postponed until tomorrow, which means that we get that on top of consumer sentiment on the Friday of a rather sideways week of trading with a bias toward the upside. Last week’s unemployment...
Read MoreSo far, I have given reasons for why it is important to know not just what is going on in the Forex market, but in the other security markets as well. In this article I will discuss the importance of equity markets on currency...
Read MoreSelected Excerpt: USDCAD broke near the predicted price of 1.0695 five pips higher at 1.0700. After the break, it head up towards the resistance points near 1.0725 and 1.0745. USDCAD then bounced just above the zone near 1.0745...
Read MoreThere is far more to successfully trading the Forex market then knowing the Forex market. All the securities markets are interconnected there is no movement in one that is not met by a movement in the rest. It is impossible to...
Read MoreToday is shaping up to be a strong positive day for US equities. News of international bailouts and strong earnings reports has boosted the morale of the market. However, the markets have yet to break through their two month...
Read MoreLast Friday confirmed the beginning of a down trend in unemployment in the USA, and while the employment change was still negative, the trend was improving as well. This is important in that, from an historical perspective...
Read MoreThis week opened up with small losses seen in the US dollar. Today and tomorrow carry little new information to be presented, so the movement will remain in a small technical range until some news can inspire a direction in the...
Read MoreBoxers or Briefs? If you look anywhere on the internet, there are so many people that tell you how to trade. Whether it’s with indicators, trading naked, or using the positions of Jupiter and Sirius to determine the tidal...
Read MoreSelected Excerpt USDCAD is about to break out of the symmetrical triangle that has developed on the one hour chart. Look for the break to occur somewhere around 1.0695. After the break, look for the price to enter the resistance...
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