The U.S. Dollar fell across the board against all the major currencies last week with the exception of the Pound Sterling. The most price action was seen against the commodity dollars with the Aussie, Loonie and Kiwi ending up as the best performers versus the Greenback last week. Traders reported that the primary piece of … “Fundamental Overview – Market Movers Last Week –”
Category: Opinions
Comeback of European Debt Problems?
A fresh report shows that many big European banks were very “creative” when it came to estimating the size of the sovereign debt that they held. This already sent the Euro way down. Will this turn into an avalanche? Is the debt crisis returning through the front door? At the beginning of May, the financial … “Comeback of European Debt Problems?”
EUR/USD Sep. 7 – Stabilizing after a collapse
EUR/USD collapsed on low volume, and will pick a new direction now that the holiday is over. Here is a quick update on technicals, fundamentals and community trends. EUR/USD within uptrend channels. Click to enlarge. EUR/USD Technicals Asian session: Eventful session, with Euro/Dollar dropping sharply from 1.2880 to 1.2780, breaking both uptrend support lines. The … “EUR/USD Sep. 7 – Stabilizing after a collapse”
7 Scenarios for Non-Farm Payrolls and Market Reaction
Non-Farm Payrolls for August are expected to show another big drop, but with a gain in the private sector, showing that growth still continues. Here’s a preview for this release, the “king of forex trading” with 7 possible outcomes and expected market reactions. This is the most important event in forex trading, and has unique … “7 Scenarios for Non-Farm Payrolls and Market Reaction”
What Kenny Rogers Can Teach You About Trading
Guest post from visionsofaffluence.com You got to know when to hold ’em, know when to fold ’em Know when to walk away, know when to run These are the lyrics to what many consider to be a great song, The Gambler by Kenny Rogers. Despite the obvious poker reference the message in these lyrics contains knowledge … “What Kenny Rogers Can Teach You About Trading”
How to Stop Following the Dumb Money in Forex
If you want to achieve forex success and profits you need to stop following the dumb money, which represents the majority of traders. You need to follow the patterns of the small percentage of traders who are dominating this market in terms of profits. These traders are cold, calculated killers who have studied the rest … “How to Stop Following the Dumb Money in Forex”
Fundamental Overview – Market Movers Last Week –
The U.S. Dollar turned in a mixed performance last week without moving much against any of the other major currencies. Traders reported that the primary boost to the Dollar’s fortunes versus the Euro and Pound Sterling was the news out last Tuesday that the Standard and Poor’s rating agency had downgraded Ireland’s sovereign debt from … “Fundamental Overview – Market Movers Last Week –”
[Video] Yen Intervention, Euro Bears and Aussie Action
In the weekly interview on Forex TV, I spoke with Julie Sinha about this busy week with Non-Farm Payrolls providing the big bang.. There are still chances of a coordinated intervention in the Japanese yen, the Euro bears are getting stronger on risk aversive trading and the Aussie expects a very busy week, with upside … “[Video] Yen Intervention, Euro Bears and Aussie Action”
A Little Mistake That Could Ruin Your Trading Career
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”
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?”