The rally on the USD/JPY as the yen is being sold against the U.S. Dollar is, in my opinion, reflecting more of the U.S. Dollar’s continued strength rather than the weakness in the yen. The Dow is not rallying as risk appetite remains low following the Wednesday sell-off. I believe this poses some questions for yen pair traders: Is the uptrend in the USD/JPY and the move slightly higher in the EUR/JPY reflecting any near-term risk appetite, as would often be the case if the yen loses ground against the dollar and euro? And therefore, is the U.S. D
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August 14th, 2010 in
Forex News |
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Quote of the day: Money will come when you are doing the right thing. — Mike Phillips
EURUSD
Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930
The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support at 1.3000 will probably provide resistance if the euro continues to climb from here, and a daily close above 1.3000 should be a decent confirmation of uptrend resumption on short-term basis. T
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The USD rallied this week across the board, even against the JPY towards the end of the week. Let’s take a look at the EUR/USD, GBP/USD, and and the USD/JPY to assess its strength. The greenback will be challenged next week as it is not in the clear for a recover just yet.
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August 13th, 2010 in
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There are many techniques and systems available for trading the foreign exchange market and once you start exploring the options you will know that the Forex market can be a very fast and exciting market to trade, but also somewhat intimidating.
In order to begin making income from forex, successfully by trading Forex, you need to learn the many disciplines of trading starting from understanding the factors that move the market, best indicators, to managing emotions when trading.
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Free and easy to train FOREX trading website (CBA)?
Please suggest site is simple for a free, very good and learning Forex Trading FOREX.Has training.I am a novice to understand and very simple. Thank you all.
Hi I have understood yet a rookie test in a couple of simple concepts simple to find a language that the Forex. I am here posting some links that are very useful for me and my friends. It’s easy and free. I hope you like.
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August 7th, 2010 in
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The cross continues to struggle to put in a temporary bottom following its recent decline through the 0.8315 level, its July 13′10 low. While it continues to trade below that level, odds are for further weakness towards its July 05′10 low at 0.8253 and possibly lower. In case a return above 0.8315 level occurs, more recovery will shape up towards its July 22′10 high at 0.8464 with a clearance of there targeting the 0.8530/31 levels. On further strength, its May 21′10 high at 0.8772 will be targeted.
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August 6th, 2010 in
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