Guest post from visionsofaffluence.com In the world of trading there are very few mistakes that can be a costly as the one I am going described to you in this article. This mistake can be so costly that I have personally seen it set traders back years and even end some careers. This is also a … “A Little Mistake That Could Ruin Your Trading Career”
Author: admin_mm
Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of … “Coordinated Intervention To Weaken the Yen?”
Unfortunately Pessimistic
One of the main issues on the agenda in Jackson Hole is the double dip recession – what are the odds? Here’s part of the debate, and the No. 1 reason to be pessimistic. The National Bureau of Economic Research (NBER) is the official body responsible for determining cycles of growth and recession. On one … “Unfortunately Pessimistic”
Dollar Demonstrates Mixed Week on Uncertainties
The US dollar posted a mixed week against the other currencies on Forex, as the investors didn’t seem to be certain of which direction to choose on worsening of the economic situation and intervention threats from Japan. The dollar fell for a first week in three against the euro and declined for a second week against the Japanese yen. Against the Great Britain pound, the greenback managed to grow for a third week in a row but the gain was minimal this time. The poor macroeconomic … “Dollar Demonstrates Mixed Week on Uncertainties”
Euro Goes Up as GDP Surpasses Forecasts in US
The euro increased against all of its major rivals today, as the US GDP report signaled that the market participants dug themselves to deep into the pessimism of the risk-aversion and that it’s still a good idea to buy currencies near their medium-term bottoms. The euro was trading better than the British pound and the Japanese yen in the Forex market even before today’s GDP release, but added the US dollar to its intraday trophy … “Euro Goes Up as GDP Surpasses Forecasts in US”
Japanese Yen Gives Up Some Positions
The Japanese yen gave up some of its recently conquered positions against the other major currencies as the investors continued to hold their bets on the monetary intervention in Japan. Currency intervention looks to be a nice reasons for the Forex traders to fixate their long-term profit from the short USD/JPY, EUR/JPY positions. For the scalpers, it’s also a good opportunity to profit from the short-term speculative movements. The yen rose for the third day against the British pound … “Japanese Yen Gives Up Some Positions”
Euro Follows Continental Stocks, Goes Up
The euro continued its recovery trend against the dollar and the yen today as some more-or-less positive news spurred the growth of the stock market up from its bottom. Positive profit reports of the biggest European companies inspired investors to buy the stocks today. The euro managed to grow against the safe haven dollar and yen for the second day, setting a new weekly maximum. Traders also reacted to the US jobless claims report, which wasn’t … “Euro Follows Continental Stocks, Goes Up”
AUD, NZD Benefit from Japan’s Intervention Rumors
Both Australian and New Zealand currencies benefited from the speculations that the Japanese authorities will have to use currency intervention to hold down the yen’s growth. The Aussie and kiwi gained also as the Asian stock markets demonstrated a growth today following days of decline (as a result of the global macroeconomic situation). The currencies were rising yesterday when the Japan’s officials commented on the inappropriate growth of the yen. They were both in the downtrend since the beginning of the month. … “AUD, NZD Benefit from Japan’s Intervention Rumors”
Japan’s Financial Minister Is Ready to Intervene
The Japanese yen retreated from its 15-year maximum level against the US dollar and from the all-time high against the euro after the Japanese Finance Minister said that the appropriate action is needed in the Forex market. Yoshihiko Noda, the current Finance Minister of Japan, said today that the current levels of Japanese yen describe a one-sided movement in the foreign exchange market that’s dominating it since at least May: We have … “Japan’s Financial Minister Is Ready to Intervene”
The System Is Perfectly Fine… Maybe You’re The Problem
Guest post from visionsofaffluence.com So you have found a trading system that you believe will take your trading to the next level. You have heard others talk about it and the success it has brought them, so you are sure that it will for you. You completely scrap your current trading plan and prepare to start … “The System Is Perfectly Fine… Maybe You’re The Problem”