I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the Canadian CPI report this morning. We were looking for a deviation of 0.2% to enter a trade. The number came out with…
Comments: Commodities continue to be strong but the bull is showing signs of exhaustion in many areas. After exploding to the upside, grains as a whole have been unable to maintain those high prices. Gold too has been unable to push through recent highs. We are in no way saying that the bull in commodities…
Predictable indicators seem to point toward a good year for informed currency traders. The Foreign Exchange Market will remain an exciting – and promising – arena for the serious investor.
Volatile and uncertain: these seem to be the sentiments governing the Markets at the beginning of 2008. Concerns about recession in the United States, fueled by the embattled subprime industry, rising fuel costs, cautious consumers, and a litany of other financial worries. The Fed has responded with unprecedented swiftness and purpose, slicing its rate by 125 base points in a matter of days. The current administration, along with Congress, promises rebates to American taxpayers to stimulate the economy.
TRADE CALLS RECAP Our last live trade calls were for the Canadian and US Trade Balance reports, which were released at the same time last Thursday. Our focus was on the Canadian Trade Balance, as the US Trade Balance has not provided very good moves recently, even with good deviation. Both of the releases met…
Comments: This week we start off with the Presidents Day holiday here in the States. This will as usual cause a significant drop in liquidity which in turn causes a spike in volatility. Be careful trading the next 24 hours as normal support resistance levels have less chance of holding due to this lack of…
There is an opportunity for a trade later today when the NZD Retail Sales report is released at 4:45 pm EST. The expectation for this report is be 0.1%. We have placed a safe trigger of 0.3% for this release. This report has met our safe trigger in ten out of the last eleven months and the…
Was stopped out of aud trade from 9070-9090 sells for 90 pips. Aud employment release was very strong causing reversal of move. Still in nzd but monitoring closely, also retail sales for nzd is later this afternoon. For aud levels to watch hold this upmove are 9050-60.
TRADE CALL RECAP This morning we were watching the US Retail Sales report, and looking for a safe trigger of 0.5% to enter a sell on the GBP/USD. The actual number came out with a deviation of 0.1%, so we did not enter this trade. To see the video from this trade, click on the…
Aud entries from 9070-90 and nzd from 7932 up over 200 pips combined and looking good as position trades but lowering stops to above days high then will reassess into close. If market turns unexpectedly and rapid will prob close trades for more profit but not expected at this point.
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK CPI report this morning. For the UK CPI report, we were looking to short the GBP/USD if the report came out…
Moving stops to protect a little profit on aud sells from 9070-90 and nzd from 7932, move atleast to breakeven. Still holding these entries for position trade, if dont want position you can clear for some decent intraday profit.
The verdict is in. Despite the fluctuation in world markets, 2007 witnessed robust growth in Forex trading. The results of the triennial survey of Foreign Exchange and Derivatives Market Activity, conducted by the Bank for International Settlements, paint an interesting picture of a remarkable year: “The 2007 survey shows an unprecedented rise in activity in…