Are you new to Forex? Start here for a solid foundation
On our last trade call this morning we were watching the Canadian Retail Sales, looking for 0.4% in deviation. This release came out with no deviation at all, so it was a no trade.However, we have a lot of price movement over the past couple of days on the USDCAD. You may note that the…
I wanted to send out an e-mail to everyone and give them my input on the unexpected strength the AUD found on the CPI release last night. I tend to spend more time researching a trade that went wrong than I do on a trade that went right. Fortunately, last night’s trade on the AUD…
The next report is the US Durable Goods report, which will be released at 8:30 am EDT tomorrow. For the US Durable Goods New Orders, which will be Row 1, the expected number is 0.7%. A higher than expected number will be good for the USD and signal a short on the GBP/USD and a…