Forex Signals Forex Trading Signals, Index Trading Signals, Forex News, Currency Trading News & Analysis

September 29, 2012

A Not Too Cunning Plan (or Three)

Filed under: Forex Strategies — Tags: , , — admin @ 4:43 pm

It’s all going a bit Europe again, even to the extent that China has borrowed a leaf from the European lesson book and pushed back schedules for important announcements. Namely a new leadership. The announcement is interestingly now after that of the US. Could they really have two sets ready and prepared depending on US outcome? Nah of course not, though “Here’s one I prepared earlier” would be amusing they appear to be struggling to produce just one fully baked item.

But back to Europe – Hollande’s new income tax schedule has done it’s bit for London property prices. They are going to have to extend South Kensington all the way to Croydon to cope with the influx from France.

Spanish RPI – How much? We wondered if the high RPI was due to Greek Economics (if your sales halve you need to double prices to stand still), but it’s probably just their VAT hike feeding through.

Spanish rumours appear to have done a whole economic cycle in one afternoon. Bank report will be rubbish SELL SELL ! But that means they will go for a bail out BUY BUY! But then they’ll have more austerity SELL SELL! But austerity will reduce government borrowing BUY BUY ! But also reduce tax revenue SELL SELL! Oh look its 3pm  SIESTA SIESTA. And finally . “Quick Juan, we cannot make el numero look like we have cooked ze booooks to match the ahhem “expected” 60bio, make it look “real””,  “Hokay, Hokay.. How is 59.3bio?”, “Ha! Brilliant! Envoke spurious accuracy and add some decimals! They will never guess it is not real!” Right oh, at this point TMM will rehash an old joke and ask “Is it true that Jim Kerr, leader of the Simple Minds, was originally christened “Juan” and works for the Oliver Wyman Group where he got the idea for the name of his band?”

Month end – Can you hear us above the noise? You can? Well turn it up to Quarter End too then and then try picking out the signal from the noise.

We tend to believe that there really is a general ongoing sea change since QE, but our concerns expressed last week were first, there was too much confidence priced in for Spain and the process for it to reach a more stable outcome. Yes, tail risk has been sliced off by Dr. Aghi , but there is still plenty of rattle room for stress in the rest of the probability bell. Second, everyone had too swiftly piled into the inflation trade. But in the last week we have had brick chucking in Madrid and Athens to refocus the mind and we have had a raft of US data culminating in todays sub 50 Chicago PMI reminding all that inflation may be a little further down the line than spiv-monkeys can hold on to their positions for. We happily got out of Euro and equity index stuff last week and have been using today to take profit on some speculative short term shorts as well. However, we are in a few minds as to how to play this dip from here.

So when is a dip just a dip and when is it a limb shearing Japanese sushi filleting knife in a Doppler shifting descent? Well its normally the latter just after we buy it, that’s when.

Plan a) The “It’s just a natural shallow dip” – Brick chucking really hasn’t done that much to dent price action in Europe and under the old rules, we would all be a dither about Spain and yelling that we are all doomed. Is this a sign that people haven’t woken up to the doom and so we have further to fall? Or that it is well known and price has that imbedded and so it is actually all rather supportive? Plan a) relies on the latter. We think that short term has been flushed out on this pull back and have also detected a turn in mood from the medium term players. The equity selling of today has been pretty well flagged as part of month trend reversals for month end portfolio rebalancings, however having price falls into the weekend leaves the press corps, lead by Ambrose Evans-Pritchard, free rein to go into knitting mode stitching all bad news stories to the falls as past, present and future justifications. This should leave the market nicely spooked for Monday and we have a classic Monday sell-off followed by a “buy back Tuesday”. As it happens Tuesday is lining up nicely for a load of soothsayer buy signals in risk in general. So Plan (a) is to buy risk things on Tuesday.

Plan b) “It’s a bigger dip”. We are being infected by the same nerves that are making sentiment swing negative elsewhere re our original premise last week that too much is priced in. There are some key worries that the core and periphery think they have agreed to different things when it comes to soveriegn / bank feedback loop and though this subject has been discussed over the past few weeks it doesn’t feel like the market is pricing as if they know that Spain and Ireland are still on the hook for their own banks. We also see some other risk indicators rolling over. Hmmm

Plan c) “Lets get sectoral” – High Yield vs Equities, High yield has a high yield for a reason and don’t you forget it. We prefer Equities over High Yield. Europe vs the rest of risk. If we are looking for a general swing higher in risk as post QE trends resume (having washed out the short term and confused the medium term) then perhaps we should hedge out our europen concerns against long risk. Short Eur/Aud again? Or more generally hedge out explosion risk against long term trend grinds. VIX is still ticking along in “not much concern” land and is cheap (though we hate the term) as a cover trade. We have been looking at playing the Vix curve too. Maybe more on that soon.

Which one to follow? We will start with plan (a) but hold an option to go plan b) if there is horrendous  news on Monday. Plan (c) will be implemented if things are calm enough for us to do some finessing.

Team Macro Man wish you a very welcome 2 day break.

Daily Forex Fundamentals – September 28, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon
U.S. Q2 GDP Revised Lower
Spain Passes Budget Plan
U.K Q2 GDP Only Contracted by 0.4%

U.S. Dollar (USD)

What do you get when risk appetite is coupled with weak U.S. data? A weak U.S. dollar! The Greenback got clobbered by its counterparts yesterday as EUR/USD climbed by 48 pips to 1.2912 while Cable also enjoyed a 75-pip rally. Read more…

Euro (EUR)

It looks like Spain’s budget got the thumbs up from the markets! Impressed by the country’s plans, traders bought up the euro, sending EUR/USD 48 pips higher. The pair staged its rally towards the end of the day to end at 1.2912. Read more…

British Pound (GBP)

Way to go, little one! After consolidating for most of the day, the pound managed to sneak in a few gains against the U.S. dollar and the Japanese yen. GBP/USD ended the day 36 pips above the 1.6200 handle while GBP/JPY closed 2 pips above the 126.00 mark. Read more…

Japanese Yen (JPY)

With the return of risk appetite in the markets yesterday, the yen’s winning streak against its higher-yielding counterparts was cut short as it lost ground to the euro, pound, and Aussie. Against the Greenback though, the yen was still able to catch some gains as USD/JPY closed 11 pips down from its 77.72 open price. Read more…

Canadian Dollar (CAD)

For the first time in four days, Loonie bulls were able to take control of USD/CAD. Thanks to improved risk appetite, traders gobbled up the Canadian currency, sending USD/CAD down 45 pips to completely erase the previous day’s losses and end the day at .9808. Read more…

Australian Dollar (AUD)

The forex gods smiled upon the Aussie yesterday as demand for the high-yielding currency was strong and healthy. Within 24 hours, it was able to undo almost 3 whole days’ worth of losses as AUD/USD climbed 84 pips to end at 1.0444. Read more…

New Zealand Dollar (NZD)

Thanks to the return of risk appetite, the Kiwi had quite a good run yesterday as NZD/USD rallied beyond the .8300 handle and closed at .8317. The question is, will it be able to hold on to its gains and go for more? Read more…

Swiss Franc (CHF)

Let’s go, Swissy, let’s go! The Swiss franc was able to take advantage of the rebound in risk-taking yesterday as USD/CHF found resistance at the .9400 area and slid down to a low of .9361. The pair closed at .9374 at the end of the U.S. session. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (3 votes cast)

September 28, 2012

Daily Forex Fundamentals – September 27, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:29 am

What’s on the Economic Horizon
U.S. pending home sales to disappoint?
U.K. current account deficit probably widened in Q2 2012
Italian bond auction scheduled today

U.S. Dollar (USD)

Thanks to the risk off market environment, the U.S. dollar was able to outpace most of its major counterparts in yesterday’s trading. EUR/USD chalked up another losing day as it closed at 1.2684, more than 20 pips below its 1.2905 open price. Will the Greenback continue to benefit from risk aversion today? Read more…

Euro (EUR)

When will the bleeding stop?! The euro extended its losses against its major counterparts yesterday no thanks to renewed concerns about Spain. EUR/USD ended the day 40 pips below its opening price at 1.2865 while EUR/JPY was down 42 pips at 99.98. Read more…

British Pound (GBP)

Strike three for the pound! Despite a strong sales report from the U.K., the pound registered another losing day against its counterparts. Cable fell almost steadily throughout the day, while Guppy also suffered a 27-pip slide. What’s up with that? Read more…

Japanese Yen (JPY)

And the yen scores again! The Japanese currency was able to benefit from risk aversion for another day as it was able to end higher against all of its major counterparts, including the safe-haven U.S. dollar. USD/JPY closed at 77.72 after starting the day at 77.80. Can the yen hold on to its recent gains and go for more? Read more…

Canadian Dollar (CAD)

Ooh, that burns! The Loonie got another beating from the Greenback yesterday, allowing USD/CAD to make a clean break above the .9800 major psychological resistance. The pair closed at .9852 after reaching a high of .9861. Read more…

Australian Dollar (AUD)

Make that three! AUD/USD extended its losing streak for the third day in a row as it closed at 1.0360, 25 pips down from its 1.0380 day open price. AUD/JPY had its share of losses as it ended the day at 80.52. Will the Aussie keep losing today or does it have a chance to rebound? Read more…

New Zealand Dollar (NZD)

Unlike its comdoll buddies, the Kiwi was able to sneak a few pips against the dollar. And that’s after a weak trade balance report was released! NZD/USD hit an intraday bottom at .8184 before it closed 9 pips higher than its open price. Read more…

Swiss Franc (CHF)

Switzerland didn’t provide any fireworks in terms of economic data yesterday, so the franc bulls and bears were busy paying attention to its counterparts. USD/CHF inched another 20 pips higher at .9397, while EUR/CHF slipped by 12 pips to 1.2089. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (4 votes cast)

September 27, 2012

Mac OSX + Wine 1.4.1 + MetaTrader4 = ♡

Filed under: Forex General — Tags: , , — admin @ 5:33 pm

After mentioning last month about using Ubuntu with MetaTrader4 a helpful reader noted that you could similarly set up MetaTrader 4 in Mac OSX. Initially though when I tried the instructions listed on MQL4′s website it just didn’t work.

Recently I tried the Wine installation on an iMac box and it worked fine, so I thought to myself that maybe it could work again on my MacBook Pro.

Alas it did!

And it was relatively simple to set up.

Here’s what I did:

  1. Navigate to the WineBottler site and depending upon the type of Mac OSX operating system you’re using download the respective image file. The iMac had Snow Leopard and my MacBook Pro has the latest Mountain Lion (so I downloaded the Lion dmg).
  2. Drag the Wine program into your applications folder.
  3. Open up Wine and you’ll see a few prompts. One window contains a tick box with WineTricks as it’s header and agreeing to it’s EULA. I ticked this box and WineTricks updated my fonts (etc). Close this box when done.
  4. Download MetaTrader 4 from your broker’s site (should be an “.exe” file).
  5. When your MetaTrader 4 download has finished, right click on the file and select “Open With” and then select “Wine 1.4.1″.
  6. A prompt will ask where you wish to install it too and I just selected the default location.
  7. You should see a familiar MetaTrader installation prompt and it’s now simply a matter of progressing through the prompts as though you were on a Windows box.
  8. It took my installation on each Mac about 10 minutes before I finally saw the familiar MetaTrader Terminal window.

Since then I’ve been installing expert advisors and scripts as per my usual set up and I haven’t encountered any problems whatsoever.

One minor hassle is when you wish to run the MetaTrader program after shutting it down you need to dig into the Wine folder to find the “terminal.exe” file. Once you’ve navigated there you need to right-click and select the familiar “Open With” > “Wine 1.4.1″. I’ve highlighted the file to help me remember which one it is. (I’m sure this process could easily be automated with an icon on your desktop, if anyone knows how please add a comment below – thanks!)

Daily Forex Fundamentals – September 26, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon
U.S. New Home Sales Expected at 381,000
What The Heck is Going On in Spain?!
Japan’s Finance Minister Steps Down

U.S. Dollar (USD)

Score another one for the Greenback! Thanks to stronger-than-expected U.S. data and risk aversion in markets, the dollar dominated its counterparts yesterday. EUR/USD fell 67 pips down from its intraday high, while USD/CHF closed 15 pips higher than its open price. Booyah! Read more…

Euro (EUR)

EUR/USD was off to a good start yesterday as it rallied up to the 1.2950 area. However, the situation in Spain took a turn for the worse and pushed EUR/USD back down to the 1.2900 mark. What the heck is going on in Spain?! Read more…

British Pound (GBP)

Cable went on a wild seesaw ride yesterday as it managed to climb early in the trading day but sell-off heavily during the U.S. session. The pair opened the day at 1.6217, marked an intraday high at 1.6268, and then eventually fell below the 1.6200 major psychological handle. Read more…

Japanese Yen (JPY)

The list of the BOJ’s problems keep piling up! As if dealing with the resignation of Japan’s Finance Minister isn’t enough, the yen also ended another day with gains against its counterparts. And Japan didn’t even release any economic reports! What the heck caused the yen’s gains? Read more…

Canadian Dollar (CAD)

Check out the .9800 area holdin’ like a boss for USD/CAD! Thanks to better than expected Canadian retail sales data, USD/CAD kept its head below that major psychological level and closed at its day open price. Will .9800 still hold today? Read more…

Australian Dollar (AUD)

Surf’s up, Aussie bears! Despite an upside surprise in China’s leading index, the Aussie crashed and burned against the Greenback yesterday. AUD/USD fell from its 1.0463 intraday high and only managed to cut its losses at 1.0385. Yeouch! Read more…

New Zealand Dollar (NZD)

Just when you thought the Kiwi was going to stage a spectacular performance, risk aversion weighs down on it heavily. The Kiwi rose strongly early on yesterday but the rally was extinguished during the U.S. session. It went as high as .8285 only to slide back down and close near its day open price. Read more…

Swiss Franc (CHF)

It was one wild rollercoaster ride for the Swiss franc yesterday. At first, the currency was sold-off heavily due to pessimistic comments from the SNB Chairman. Midday, the franc was able to recover and reverse its losses. And then, just when you thought volatility was over, risk aversion struck the markets brought the Swissy down again! At the end of the day, USD/CHF was sitting at .9377, 15 pips higher from its day open price. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (4 votes cast)

September 26, 2012

Webinar: Mistakes that Traders Need to Recognize

Filed under: Currency Charts — Tags: , , , , — admin @ 3:40 am

This is a webinar I recently did and I think there’s plenty here for both the new and experienced traders to benefit from. The idea is to be honest about mistakes I made very early on in my career and to share points that are not the usual “mistakes” that are often discussed.

Any time you can recognize errors in your trading process – from finding trades to choosing pairs or time frames to mental mistakes – you can take steps to being to address them…that’s what this talk is all about.

The topics are geared more to mistakes that are common to the way I trade and ones that I notices novices tend to make so, yes, this talk is probably more suitable for new traders or at least traders new to my style of trading.

If you have any questions or comments, feel free to leave ’em here.

You can also get updates from me at TradeForexFutures.com!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (3 votes cast)

Tuesday Charts That Matter

Filed under: Technical Analysis — Tags: , , — admin @ 3:05 am

Good morning. Euro looks a bit heavy but still holds around $1.2900 ahead of ECB’s Draghi speech later today. Other risk-sensitive pairs, such as AUDJPY, are trading in a narrow range – being slightly bearish on intra-day basis at time of writing. EURUSD I think that a stronger support is formed between the two fib Read More

The post Tuesday Charts That Matter appeared first on innerfx.com.


© 2012 FX Trading Blog

Daily Forex Fundamentals – September 25, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:29 am

What’s on the Economic Horizon
Germany, Spain, and Greece Weigh on the Euro
Canadian Retail Sales for August Seen at 0.2%
Minutes Reiterate the BOJ’s Dovishness

U.S. Dollar (USD)

Put your hands up in the ayer for the dollar! Its performance in yesterday was pretty stellar, scoring wins against all of its counterparts save for the yen. EUR/USD closed the day 44 pips below its opening price at 1.2927 while AUD/USD ended the day at 1.0417 after opening at 1.0417. Read more…

Euro (EUR)

It seems that the tide has truly turned for EUR/USD as it once again failed to defend itself against the bears yesterday. From its opening price at 1.2971, the pair had dropped to its lowest level in 12 days before it managed to pull back slightly to close the U.S. trading session at 1.2927. Read more…

British Pound (GBP)

With no major reports scheduled from the U.K. yesterday, the pound traders looked to risk sentiment for direction. The pound capped the day lower against its low-yielding counterparts, but it scored a couple of pips against the euro as EUR/GBP fell by 21 pips to .7971. Read more…

Japanese Yen (JPY)

There is just no stopping the yen! Despite the BOJ’s dovishness, it continued to out perform most of its counterparts. USD/JPY ended yesterday’s trading 29 pips below its opening price at 77.85. Meanwhile, EUR/JPY was down 72 pips from the day open at 100.63. Read more…

Canadian Dollar (CAD)

The Loonie traded in a perfect “U” pattern yesterday as it had fallen early in the day but recovered all of its losses before it closed for the day. USD/CAD opened and closed the day at .9766. Read more…

Australian Dollar (AUD)

Talk about a wipeout! With risk aversion dominating market sentiment, the Aussie wasn’t able to hang ten in the charts yesterday. AUD/USD dropped to its intraday low of 1.0386 almost as soon as it opened. By the New York session close, the pair had settled at 1.0417, 32 pips below its opening price. Read more…

New Zealand Dollar (NZD)

Geronimooo!!! Though New Zealand’s economic cupboard was as empty as Cyclopip’s plates after dinner, NZD/USD managed to drop by a whopping 79 pips to .8210. What gives? Read more…

Swiss Franc (CHF)

Guess who’s in the mixed price action bandwagon yesterday? The franc is! Since no major report moved the markets, the franc’s price action depended on its counterparts. USD/CHF rose by 24 pips on risk aversion, while EUR/CHF slipped by 11 pips to 1.2101. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (2 votes cast)

September 25, 2012

Current Currents and Meanderings.

Filed under: Forex Strategies — Tags: , , — admin @ 4:45 pm

It’s sort of going according to plan. “Sort of” in as much as plans never really go as planned but are a weaving together of many paths that on average hopefully take one to where one wants to go. As we know with markets, a win is a win even if the theory was wrong. Unless of course, you are the boss, or an insurance company, or a fund regulator in which case the win is invalidated as if didn’t follow the path exactly described in the prospectus, policy or proposal and the resulting payout goes into the pockets of Mr Boss, Mr Insurance company or Mr lawyer or Mr FSA/SFA fine. But in general a win is a win and we take the pullback in euro things and equities as a “Thang Yow!”

Talking of Yow, TMM’s mind jumps to that marvellous “Fast Show” portrayal of a regional Brit displaying those Nuevo-riche tendencies that we all detest and can’t help but think of Germany’s attitude towards Spain and their ilk “I can’t help noticing that I am considerably richer than yow”

With Switzerland being the hotel owner.

 So what else is bubbling? With policy-maker bazookas smoking empty, we are back to data watching to see if the rockets have hit their targets. Or, perhaps more apt in war film analogy land would be that the economy is like one of those moments where the stricken fighter pilot (policy-maker) is pulling back on the stick for dear life muttering through gritted teeth “Pull up! Pull up, damn you!” while siren screams gain in pitch as the plane hurtles towards the ground. The audience left on the edge of their seats awaiting either a fiery death or the plane to recover enough to level out and skim the treetops as relief music rejoins the rugged smiling visage of our heroic pilot (if anyone can find such a YouTube clip we’ll embed it – we failed).

Right now the markets appear to be doing a “Bosphorus” which has currents at different depths moving in opposite directions. Which leads back to that reference we made in our last post. Markets are the sum of people expressing short, medium and long term views all at the same time. And the currents we refer to in markets are instead of being haloclines (layers separated by saline density) are temporoclines – layers separated by time view. We should of course add finer and finer layers ending with a top layer of vibrating spume representing the high frequency trading models.

TMM currently (oh dear) see 3 currents. Our core subsea current is the move we saw betrayed post QE announcement which is being expressed by those comfortable enough or with pockets deep enough to cope with any chasm between them and their promised land they have identified in the distance. The middle counter-current is represented by those that see problems in reaching the promised land and who are strapping on the crampons for some extreme mountaineering through countries like Spain, China and Japan and up US cliffs. The top short term surface current has today effectively gone slack with short term starting to say “errr now what” and that lot together means today prices are really not going anywhere.

So once again its a dull day. But that hasn’t stopped the cut and pasting of random headlines around the chat systems in sorts of death twitch seizures. The heads have been chopped off, thought is not being applied but the foul is still flapping its wings and running around the yard trying to squawk. Headlines such as *The U.S. Embassy In India Announces A New Visa Processing System” are being recycled with the sort of implied importance as “Worlds largest oil reserve found in Spain”. But to TMM most of the headlines being thrown at them today may as well have come from the backs of German one piece ski suits of the 90s. Remember them? Random meaningless words sewn on gaudy colours – “Ski! Artichoke! Yeah ! Banana!” but now “China! Greek! Less! More!”. Meaningless.

Daily Forex Fundamentals – September 24, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon
German IfO business climate expected at 102.3
BOC’s Mark Carney is due for a speech at 7:00 am GMT

U.S. Dollar (USD)

With only Fed member Dennis Lockhart taking center stage last Friday, it’s no surprise that the Greenback ended the week with mixed results against its counterparts. EUR/USD closed with a 17-pip gain at 1.2985 while USD/CHF recovered from an intraday low of .9285 to a .9329 closing price. Read more…

Euro (EUR)

Finally, the euro bulls stepped up their game on Friday! EUR/USD finished 10 pips above its opening price at 1.2979. Meanwhile, EUR/JPY recovered from its low of 101.25 to end the day just 2 pips pips shy of a win at 101.44. Read more…

British Pound (GBP)

The pound retreated from its highest level in more than a year against the dollar on Friday, ending the week barely changed. It seems that concerns over the global economic outlook and the prospect of a Spanish bailout greatly hurt risk appetite. Read more…

Japanese Yen (JPY)

Another day of gains for the yen, another day of headaches for the BOJ heads. Thanks to risk aversion in markets, then yen capped the day stronger against its counterparts. USD/JPY slipped by another 13 pips to 78.13, while EUR/JPY fell from its 102.11 intraday high and closed at 101.44. Read more…

Canadian Dollar (CAD)

There was no partyin’ for the Loonie on Friday. It ended the week with a 3-pip loss for the day as USD/CAD closed higher at .9767 from .9764. Read more…

Australian Dollar (AUD)

D’oh! That was so close! After tipping a high at 1.0520, AUD/USD gave up nearly all of its intraday gains and capped the day at 1.0448. What gives? Read more…

New Zealand Dollar (NZD)

Another day, another rejection! Despite its respectable rally from the day prior, the Kiwi was unable to sustain its gains above the .8300 major psychological level due to the absence of a bullish catalyst. It’s currently trading at .8271, almost 60 pips lower from its highest level last Friday. Read more…

Swiss Franc (CHF)

The Swissy’s price action last Friday was as mixed as a bag of Trail Mix. The currency was barely changed against the safe haven Greenback but it was sold-off versus the euro. USD/CHF ended the U.S. trading session just a pip lower from its opening price during the Asian session while EUR/CHF rose to 1.2112 from 1.2098. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

  • Currently 5/5
  • 1
  • 2
  • 3
  • 4
  • 5

Rating: 5/5 (7 votes cast)

Older Posts »

Powered by WordPress