On Wednesday the ISM manufacturing report climbed to 36.3, the third consecutive gain. The ISM report can be used as a good gauge for the upcoming GDP numbers. The positive reads over the last three months show that the economy improved during the first ...

forum topic - azka - 2009-04-02 09:07 - 0 comments

GBPUSD Outlook The Sterling slumped against Greenback yesterday. The pair bottomed at 1.4830 and closed at 1.4853. From a longer term of view the pair is now targeting 1.4607. However, early today in Asian session the pair was corrected to the upside, ...

forum topic - azka - 2008-12-04 03:28 - 0 comments

Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party paym ...

forum topic - azka - 2009-02-18 01:23 - 0 comments

GBPUSD Outlook The Sterling slumped against Greenback yesterday. GBPUSD bottomed at 1.4357 and closed at 1.4385. The minor bullish channel on hourly chart has been violated to the downside. The bias is bearish. It seems like the bullish correction is o ...

forum topic - azka - 2009-01-21 23:31 - 0 comments

The initial crash this morning could be blamed on the the fact that Paulson says they are not going forward with plans to bailout bad mortgage debt. Traders saw this in a very negative light and pushed the Dow down 400 points. What caused the rally is an ...

forum topic - azka - 2008-12-04 03:27 - 0 comments

Price action on the USD/JPY (a daily chart of which is shown) has just made a precise double-test of the pair’s 13-year low that was recently established in mid-December 2008. This extreme support level resides just a few pips above the 87.00 mark. ...

forum topic - azka - 2009-01-23 10:49 - 0 comments

Did you know that more and more business opportunity seekers worldwide are discovering the powerful profit potential of Foreign Exchange trading? In this business, there are no employees to hire, no advertising, no products to stock,no downlines to ill- ...

forum topic - azka - 2009-03-02 23:07 - 0 comments

Following the trend is an accepted way of making money from trading. Trends persist and if we can lock into and hold them they can yield us great long-term profits. There is however, a lot of money to be made by spotting trend changes. It is at these tur ...

forum topic - azka - 2009-02-19 05:57 - 0 comments

After more than a month of steeply bearish price action on the EUR/USD (a daily chart of which is shown), the week of January 26-30 is looking to be a pivotal period for this key currency pair. Will the pair continue its bearish trend, eventuall ...

forum topic - azka - 2009-01-25 19:44 - 0 comments

GBP/USD – Price action within the last three months on the key GBP/USD pair (a 4-hour chart of which is shown) has been characterized by a series of chart pattern breakdowns. On the accompanying chart, we can see from left to right that a rising parall ...

forum topic - azka - 2008-12-04 03:34 - 0 comments

The ruthless financial markets will sniff for blood when Geithner finally announces the key details of the banking rescue plan this week. Geithner's plan must excel in substance and delivery or he might as well pack his bags. Why such high stand ...

forum topic - azka - 2009-03-23 15:30 - 0 comments

U.S. Treasury Secretary Henry Paulson's announcement that the Treasury would no longer consider using TARP (Troubled Asset Relief Program) funds to buy illiquid assets sent shivers down Wall Street's spine today. When you add bad news from Applied Materi ...

forum topic - azka - 2008-12-04 03:31 - 0 comments

Drummond Geometry is both a trend-following and a congestion-action methodology. It leads rather than lags the market, and uses projected charts to map future market activity. It foretells the most likely scenario that shows the highest p ...

forum topic - azka - 2009-04-12 08:45 - 0 comments

All traders have one thing in common. Whether you are an options trader, a day trader, a stock trader, or a little bit of everything type of trader, you are-at least in one way-like every other trader. No matter what the market or method, every trader mu ...

forum topic - azka - 2009-02-19 04:29 - 0 comments

Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position. For the period it is outstanding, the position will be subject to all the price changes. ...

forum topic - azka - 2009-02-17 13:16 - 0 comments