Posts Tagged ‘forex market’
By Yan Petters – The GBP/USD pair has dropped quite severely over the past couple of months. The pair fell over 1,500 pips in two months, providing unique opportunities to gain high profits. At the moment it seems that the bearish trend isn’t over yet.
• The chart below is the GBP/USD daily [...]
Let’s say you received an email in your inbox this morning of a new forex system and when you went to the website the opening sales copy said something to the effect of…
I have 4 golden rules that I use to determine if a trading method is good for me:
It must be a complete method, [...]
Price action on USD/CHF, a daily chart of which is shown, has turned down significantly once again right near a long-term downtrend resistance line extending from the 2008-2010 price high hit in November 2008. This long-term trendline has been respected on several occasions since its inception. The current bearish turn occurs after significant bullish price [...]
Source: Forex Yard
The Euro began showing bullish signs last night, and has slowly continued its upward trend throughout today. This is largely due to the European Central Bank’s, (ECB), decision to create a safety net for Greece. This safety net, a combination of IMF and Euro-zone loans [...]
Many analysts are pointing to Friday, December 4, as the day that logic returned to the forex markets. On that day, the scheduled release of US non-farm payrolls indicated a drop in the unemployment rate and shocked investors. This was noteworthy in and of itself (because it suggests that the recession is already fading), but [...]
The big story of the last month in forex markets has been the possibility that the Fed could soon hike interest rates, which would upend some of most stable (and gainful) strategies currently being employed by traders. As a result, the markets will certainly scrutinize the statement that accompanies today’s conclusion of the monthly rate-setting [...]
I thought it would be fitting to follow up my last post (Forex in 2009: A Year in Review), with one that looked forward. And what better way to do that then by squarely examining the US Dollar, which is still the undisputed heavyweight champion of forex markets, and from which most other forex trends [...]
Last week, the Forex Blog concluded a post on the Swiss Franc by suggesting that the Swiss National Bank (SNB) could artificially depress the value of its currency, which had “not just posted strong gains against the euro since late August but has gained 8% on a trade weighted basis.”
The very next day, the SNB [...]
When the Swiss National Bank (SNB) announced oln March 12 that it would intervene in forex markets for the first time since 1994, the Franc immediately plummeted up to 5% against select currencies. Since then, the currency has largely clawed back some of its losses, prompting talk of round two: “Speculation about an imminent intervention [...]
This morning, the market is in risk-taking mode as a series of better than expected economic figures have come out showing signs that the global economy is recovering. In New Zealand, GDP grew at its highest levels in almost two years, meeting analyst expectations.
Earlier today the UK reported much better retail sales figures, which rose [...]
