Posts Tagged ‘Following’
Source: ForexYard
The USD posted gains across the board on Friday, following the release of a better than expected US Non-Farm Payrolls figure. The US added 243K jobs in January, a significantly better number than the forecasted 150K. The positive jobs report resulted in the US Unemployment Rate dropping 0.2% to 8.3%, its lowest [...]
Source: ForexYard
The USD came off a six-week high against the euro in trading today, after news that Greece had once again failed to come to reach a debt swap deal with its creditors. Earlier in the day, the EUR/USD reached as high as 1.3231 before investors began selling off the pair. The AUD/USD [...]
Source: ForexYard
The US dollar had a particularly strong day today following negative news out of both Japan and the euro-zone. News that Japan has logged in a trade deficit for the first time since 1980 caused the USD/JPY pair to jump more than 100 pips throughout the day. Meanwhile, fresh concerns regarding Greece’s [...]
It’s more important than ever to get clarity on market trends. Without a clear methodology to identify a trend and also corrections in the trend, trend trading would be impossible.
To simply say “I’m a trend trader” is not enough. Far too may traders expect higher lows (support) or lower highs (resistance) without confirming that the [...]
Source: ForexYard
Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over 50 pips against the dollar before staging a correction. Currently [...]
Seniorstrategist Ib Fredslund Madsen comment on the two big newsstories friday: The joint G7 yen-interventiona and the UN agreed no flight zone over Lybia.
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Video courtesy of en.jyskebank.tv
Quote of the day: “Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.” – Milton Friedman
EURUSD
Trading strategy: standing aside
The euro recovered Tuesday’s losses as the dollar weakened against commodities and commodity currencies. Intra-day resistance around 1.3250 was under pressure earlier today, after breaking above former resistance [...]
I my last post I had shared a view of the 240-minute time frame and the exhaustion area I was watching there. Prices came close but never reached the area where I felt that the bullish momentum would shift as it ran into selling pressure so I began looking at more near-term resistance within the [...]
Price action on GBP/JPY, a daily chart of which is shown, has been following an uptrend support line extending from the 15-month low hit in late May. This uptrend line represents a bullish correction within the context of a strong downtrend channel that began in August 2009. For more technical analysis on this currency pair, [...]
By Fast Brokers – Gold has undergone a steady decline this week after setting fresh all-time highs. The precious metal was unable to leave behind $1250/oz for the 2nd time in the past month and has since sunk back towards its psychological $1215/oz level after investors dipped back into the risk trade. The EU news [...]
