Many expert traders have learned a number of lessons from the school of hard knocks or otherwise. They take these lessons to heart and they utilize what they’ve learned in a number of ways to ensure that they gain more pips than experience the next time around. One way that traders do this is by … “Why Expert Traders Have Trading Constitutions”
Month: January 2014
UK Pound Drops as Economic Data Disappoints
UK pound is heading lower today, thanks in large part to disappointing economic data. Analysts and others have had high hopes for the United Kingdom, and the disappointing economic news has many selling the pound. A few weeks ago, there were rather high hopes for the pound. Economic data in the United Kingdom was improving, and it appeared that things were picking up and that the Bank of England would be able … “UK Pound Drops as Economic Data Disappoints”
USD/CHF: Loses Upside Momentum, Vulnerable To The Downside
USD/CHF: With USD/CHF failing to follow through on the back of its previous week gains at the end of the week, the risk is for further downside threats to occur. This development exposes the 0.8971 level where a break will pave the way for a run at the 0.8900 level followed by the 0.8850 level … “USD/CHF: Loses Upside Momentum, Vulnerable To The Downside”
CRUDE OIL: Faces Bear Pressure, Set To Extend Weakness
CRUDE OIL: The commodity continued to sell off pushing it below the 92.10 level, its Dec 27’2013 low and opening the door for more downside. Further down, support comes in at the 91.00 level where a break will target the 90.00 level, its big psycho level. Bulls may come in here and turn the commodity … “CRUDE OIL: Faces Bear Pressure, Set To Extend Weakness”
Forecast: Euro in 2014
The euro was one the best-performing currencies by the end of 2013, but was experiencing weakness at the start of this year. Can the shared 17-nation currency keep its gains and continue the rally or will it fail under the weight of eurozone problems? Specialists have different take on the matter. As in the case of the dollar, the performance of the euro greatly depends on monetary policy of the central bank, which in turn, depends of the health of the economy. DailyFX believes that the European Central … “Forecast: Euro in 2014”
Has the Japanese Yen Reached a Bottom?
There is some speculation that the Japanese yen might have reached a bottom. The yen is currently trading higher against its major counterparts today. Some of it could be risk aversion, though. Even though European and Asian markets did well, US markets are struggling on the latest jobs data news. Japanese yen is moving higher today, thanks in part to weakness seen in other currencies. … “Has the Japanese Yen Reached a Bottom?”
NFP Analysis: Uncertainty about the US economy and the
Unless it will be revised in the future, the gain of only 74K jobs in December is a huge disappointment, the weakest in over two years, and this overshadows everything else. It could still be seen as a one off, but we’ll need a return to 200K next month in order to shrug off this … “NFP Analysis: Uncertainty about the US economy and the”
US Dollar Index Pulls Back After Jobs Data
Earlier, the US dollar index had been higher, in anticipation of December’s jobs data. However, when the nonfarm payrolls report was released, it was rather disappointing and the greenback immediately began losing ground. Economists and others had expected December’s nonfarm payrolls report to show that the economy added 193,000 jobs. However, the report instead showed that there were only 74,000 jobs added. This was such … “US Dollar Index Pulls Back After Jobs Data”
EUR/USD: Trading the US NFP Jan 2014
US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 13:30 GMT. Indicator Background … “EUR/USD: Trading the US NFP Jan 2014”
Is USD/TRY running out of steam?
View from the dealing floor. Tarik Chebib works on IG’s dealing floor in London. Trade forex with the UK’s No.1 retail FX provider here. 2013 was a challenging year for the Turkish lira. USD/TRY was valued at 1.7835 at the beginning of January and had depreciated in value to 2.1493 by December 31 – more than … “Is USD/TRY running out of steam?”