EUR-USD Corrective dips should ideally halt near 1.2884 or 1.2854 for one more thrust upwards ...

forum topic - azka - 2009-02-16 11:54 - 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 ... On the accompanying chart, we can see from left to right that a rising parallel channel was broken to the downside in late ...

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

Price action on the USD/JPY (a daily chart of which is shown) has just made a precise double-test ... price bar (1/22/2008) descended all the way down to this level, was summarily rejected, and then ended up closing around 89.50. ... a consolidation above the 87.00 support. The obvious event to watch for is any major break below 87.00, which would put the pair in ...

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

... it will continue to offer good insights on how to play the FX market as most major pairs are very correlated with the S&P 500 ... to note however, that the downside action in EUR/USD was muted today despite the strong dollar (DXC) and weak S&P 500. In ...

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

... Exchange trading? In this business, there are no employees to hire, no advertising, no products to stock,no downlines to ill--just you, ... currency traders all around the world who would like to Day Trade Forex as their main source of income. For those looking for a ...

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

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forum topic - azka - 2009-01-21 23:20 - 0 comments

... consider using TARP (Troubled Asset Relief Program) funds to buy illiquid assets sent shivers down Wall Street's spine today. When you ... tend to flock to the relative safety of the U.S. dollar (USD) and the Japanese yen (JPY). Investors push up demand for the USD because ...

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

... Investors Welcome President Obama The U.S. dollar (USD) soared today as the world welcomed the 44th president of the United States, Barack Obama. President Obama's promises to do everything he can to stimulate the U.S. economy, to improve government ...

forum topic - azka - 2009-01-21 04:53 - 0 comments

... du Plessis argues that the Fed will accept a collapsing USD rather than a repeat of the great depression; Andy Sutton argues that fiat ...

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

... 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 ...

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

This week, it’s New Zealand turn to slash interest rates, Canada will show a decline in GDP, and the German Ifo ... will release the BBA Mortgage Approvals, which is expected to stand at 17K. Will there be another plunge in UK mortgages? Real estate ... expected to drop by 53 points. American data this day consists of the CB Consumer Confidence, expected at a low of 38.7, and the ...

forum topic - azka - 2009-01-25 19:28 - 0 comments

The goal of this guide is to instruct and teach potential traders how to day trade the currency markets. The objective of day trading is to ...

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

... rekindled worries about the economy, prompting investors to reduce bets on riskier assets. Wednesday's data showed sales at ... hit its lowest in two weeks at 128.87 yen but later in the day it was up 0.1 percent on the day at 129.69 yen . The liquidation of long ...

forum topic - azka - 2009-05-14 17:44 - 0 comments

The EUR/USD broke important resistance levels of 1.3060 yesterday, climbing even higher ... better than expected IFO news saw the euro continue to rally against the buck towards 1.3350, however, the move was not strong ... currencies aggressively rally over 400 points during the day! The move came on the back of an appetite for risk returning to the ...

forum topic - azka - 2009-01-28 13:21 - 0 comments

EUR/USD is trading heavily since the beginning of the week, and the break of ... be open for further loses towards 1.2750. The next level to watch is 1.2830 ahead of 1.2780, which may work as support in the short ... the markets and if futures will have another negative day after yesterday! The Obama euphoria didn’t seem to last long in the ...

forum topic - azka - 2009-01-21 23:36 - 0 comments