Archive for February, 2012
>As forex brokers one of our chief aims is to minimise costs. One way we do this is by looking for forex brokers that offer cheaper spreads and lower costs on our trades.
MyFXBook have provided an excellent spread analysis resource allowing forex traders to monitor forex brokers’ spreads and give an accurate, unbiased view of [...]
It’s time for the European equivalent of the US Non Farm Payrolls Lottery. Roll up and guess a number. Yes it’s LTRO time, or the baby Eltiaro as we prefer to call it. Now rather than join in with the guessing of how big it will be, we would rather jump directly to the [...]
This is a look at the USD/CAD as it rocketed higher in the midst of what has to be considered still a bearish environment. I discuss the set ups – both short and long-term – that I am watching and the reason for my hesitancy to get too bullish.
One of the keys is the parity [...]
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The Federal Reserve, Housing and Monetary Policy
Housing is an important component of the national economy. Many investors notice the stock market moves every time housing data is released… but why?
Since the end of World War II, residential fixed investment (new home construction and remodelling spending) has accounted for nearly 5% of the United [...]
It has been quite the move in the last two weeks. Especially after crude oil lulled everyone to sleep for about three months, even though the tension in the Middle East (particularly Iran) grew slowly and steadily.
Well, that tension is still building as Israel leans towards aggression, Iran stands its ground, and the outside [...]
Yesterday’s drop has nearly been retraced and there is no change to the call for “an extension of the rally towards Fibonacci objectives of 13584 (100% extension of 12623-13234 rally) and 13627 (61.8% retracement of decline from the 10/27/11 high). The former level intersects short and long term channels on Thursday. A rally to the [...]
>I would love to have reported that this week saw another good performance from the system ending with a return of 30% on risk capital (dividing it by 4 would give us the actual return on capital being 7.5%). HOWEVER, some yet undiscovered bug saw to eat through all the hard-earned paper profits made on [...]
The system didn’t perform as well this week ending the month of January with a loss. Unfortunately there was one currency that absorbed the profits and this was the EURGBP. Analysing the trades after the fact means further “tweaking” of the system is needed.
A video of all the trades and the imported system into MyFXBook [...]
I just recorded this video and it’s a look ahead at the Sunday open as well as early Monday set ups that I’ll be watching. Some of these will be contingent on how the Dow and U.S. Dollar react from the Friday close – most especially the U.S. Dollar that pierced the 78.43 support level [...]
Source: ForexYard
After consolidating gains over the last five days, crude oil has hit a bump in the road. As of this afternoon, crude oil is down 1.5% and is trading right around $109.09. With the euro-zone economy still struggling and demand for crude oil from the U.S. dwindling, the commodity is finding itself at a [...]
