Are you new to Forex? Start here for a solid foundation
O&F FOREX News & ViewsBy: Head Trader, Derek Frey June 9, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: This week we continue with a full schedule of upcoming data announcements. We have both BoJ and BoC meetings this week. Both are expected to fall in line with the other major…
DetailsTRADE CALL RECAP Our last live trade call was this past Monday when we were watching the US ISM Manufacturing report. This report did not meet our safe trigger as we were looking for a 1.2 deviation or higher, and the number came out only 1.1 better than expected. We did have a few traders…
DetailsThe post earlier this week had a buy on the GBP at the 1.9525 zone. On the first approach we were able to catch a 30 pip bounce. If anyone was able to withstand the push down into the 1.9460’s then you may now be seeing 50 pips from the 1.9525 entries. …
DetailsTRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD GDP report is released at 9:30pm EDT. The expectation for the GDP (QoQ) figure is 0.3%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around 25 to 40 pips when this release has…
Details