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Forex Trading: Reflection on trading markets
The markets are sufficiently volatile enough with the risk premium increasing due to the volatility and unknown. This means lower the trade size, use stops and be prepared for anything. read more.
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Forex News: Treasury Secretary Paulson on the wires
EFFORTS WILL MINIMIZE DISRUPTION TO SYSTEM; APPRECIATES LEADERSHIP OF FEDERAL RESERVE; WORKING CLOSELY WITH FED AND THE SEC; US CONTINUES TO ADDRESS CHALLENGES IN MARKETS.
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Forex News: Fed saying they are monitoring the markets closely
... and will provide liquidity if necessary.
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Forex Trading: USDJPY hits 12 year lows
EURUSD continues the rally to new highs.USDCHF testing 100.00.
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Forex News: Michigan Consumer Confidence comes in at 70.5 versus 69.3
Although a touch better than expectation, it is still near 1992 low levels.
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Forex Trading: The dollar gets sold
The dollar is getting sold on financial markets worries again. There is no sense of value in the market and that creates the uncertainty which is not good for many assets (with Gold being the exception).
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Forex News: Bear Stearns gets financing from JP Morgan
The Fed and JP Morgan announce they will provide funding to Bear Stearns. The Fed will back JP Morgan via the Discount Window. The initial period is for 28 days. read more.
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Forex News: Canada Labor Productivity declined by 0.8%.
This was a larger decline than anticipated. The decline was attributed to GDP decreasing while hours worked increased. Canada is suffering from lower exports to the US. However, the employment still remains strong for some reason. ...
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Forex News: US CPI Plus 0.0 on headline and core
Better than expected. Stocks may get a boost. Year on Year the number was 4.0% (4.3% was expected). Core was 2.3% versus 2.4% expected. read more.
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Forex News: US Consumer Price Index to be released at 8:30 AM
read more.
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Out of the Office
I am out of the office today….Have a Great Weekend!
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FXCM Demo Account
Beginners on FOREX exchange market….you can make first steps on this amazing market with one of the faster growing company FXCM with its demo dealing trading station… The FXCM Demo Account provides a real market environment with access ...
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GBP/CHF-07 Mar, 2008
Hello Traders,. GBP/CHF has been still in his range and in oversold territory. Pair is neutral position to place an order. Major resistance level is 2.0484 below this will be new set up in pair. (see chart). ...
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EUR/GBP-03 Mar, 2008
Hi Traders,. EUR/GBP has tried to break the resistance @ 0.7577/78 in last two trading seasons. Today pair starts with down trend movement. Indicators are in oversold territory. (see chart). Is it the correction on horizon? ...
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GBP/CHF-26 Feb, 2008
Hello Traders,. GBP/CHF has been trading in his trend movement from 2.1376 to 2.1462. Today’s economic news is positive in CHF and negative in GBP. Be patience and looking for good entry point. Have a good trading ...
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