Andrews Pitchfork Trend Channel Update on the EURUSD
The EURUSD FOREX pair has been respecting dominant Andrews Pitchfork trend channels both on the way up and on the way down. It serves as an educational example and current reference levels for areas to watch going forward in time.
Let’s see the current “Euro-Dollar” pair daily... Continue Reading
Submitted ByCorey Rosenbloom
The EURUSD FOREX pair has been respecting dominant Andrews Pitchfork trend channels both on the way up and on the way down. It serves as an educational example and current reference levels for areas to watch going forward in time...
Submitted ByForex Trading Blog
Today Greece officially asked the EU and IMF to activate the aid package/bailout to help Greece meet its debt obligations. This now puts the ball in the court of the EU, in its first real test of structural stability. As a result, the Euro is actually higher coming off one-year lows, bouncing...
Submitted ByPrieur du Plessis
It came as no surprise when, subsequent to Greece’s lifeline, traders moved their attention from shorting the euro to selling the Japanese yen. Click through to find out how to play this.
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Twelve Months – and...
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Now that the fears of global collapse have abated—for now—the markets have returned to heavier scrutiny on the fundamental numbers being reported in various countries. It is times like these that remind traders that indeed the fundamentals do matter. The longer the global economy can...
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In a scene out of the movie, Trading Places, all eyes were on the US Non-Farm Payrolls report this morning. In today’s version of the Frozen Concentrated Orange Juice crop report, the number game in at -36K jobs lost, vs. an expectation of -65K. The unemployment rate also held steady at...
Submitted ByForex Trading Blog
As expected, neither the BOE nor the ECB raised interest rates today with the ECB citing fiscal problems in Greece and the BOE putting a hold on further quantitative easing to see if previous measures have been enough.
In other news, US initial jobless claims came in as expected, though all eyes...
Submitted ByForex Trading Blog
No I’m not talking architecture this morning; I’m talking about the austerity measures Greece is proposing to undertake in order to satisfy the French and the Germans. Now if they can just keep their citizens from rioting in the streets they might just be able to pull this off. Meanwhile,...
Submitted ByForex Trading Blog
Aussie Rate Hike, Canada to Follow?
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Submitted ByForex Trading Blog
The British pound has blown threw psychological support levels at 1.50 vs. USD this morning as polls in the UK show the minority party holding a slight lead in the upcoming elections. It is the biggest loser this morning and is at a 10-month low. I identified this potential trade last Tuesday,...
Submitted ByCorey Rosenbloom
Even if you don't trade or look at the Japanese Yen Index charts, the Yen Index formed an interested "busted" (so far) head and shoulders pattern on its daily chart that is worth an educational look.
Beyond that, let's look at the key levels to watch for an upside or downside break of current...