Beginner Trader’s Corner—–USD/CAD
USD/CAD is trading right now around the 1.0750 level on the daily chart just between the 100 and 200 Day Moving Averages respectively. Look to these levels for immediate support and resistance on a daily basis and to give direction to the pair in the coming weeks. If you look at my earlier post you [...]
Continue reading...8. February 2010
Beginner Trader’s Corner—–USD/CAD
USD/CAD is trading right now around the 1.0750 level on the daily chart just between the 100 and 200 Day Moving Averages respectively. Look to these levels for immediate support and resistance on a daily basis and to give direction to the pair in the coming weeks. If you look at my earlier post you [...]
Continue reading...7. February 2010
Weekly Market Review Feb 8th, 10
Fear continued to grip the capital markets last week, even though skepticism only had a major impact on the US markets on Thursday. The equity and commodity markets consolidated and moved higher early during the week just to see trepidation creep in during the second half. On the Forex market, the Dollar gave back some [...]
Continue reading...4. February 2010
USD/JPY Ahead of Non-Farm Payrolls Due out Friday 8:30 A.M. EDT
USD/JPY was offered today, after it came to light that many hedge funds and Asian accounts sold off their European government bond exposure. EUR/JPY sold off this morning with most saying that this added momentum to the big sell-off earlier today. Looks like stops were hit under .9000 which was just under a significant support [...]
Continue reading...4. February 2010
ECB and BoE Rate Decisions Today
Bank of England - 12:00 GMT On the first rate announcement of the day, due at 12:00 GMT, the Bank of England is likely to keep interest rate unchanged at a record-low of 0.5%. Investors’ polls coincide almost unanimously to this forecast, pointing out in addition that they expect no further increments to the BoE’s [...]
Continue reading...3. February 2010
Euro and Sterling — Get Ready for a Ride Ahead of 2 Rate Decisions
Well let’s look at each pair separately first on an hourly technical level: GBP/USD has been in a downtrend on the hourly since last Friday, Jan 29th, until its low, Feb 1st at 1.5848. If we draw a Fibonacci line from these two levels we see that the pair has slowly retraced all the way back [...]
Continue reading...3. February 2010
Daily Market Review Feb 3rd, 10
The U.S markets raced forward yesterday after a mixed start, as economic data and an oversold correction, encouraged investors back into stocks. Pending home sales was the driver of the session, hitting analyst’s expectations of 1%. This was following last month’s drop of -16.4% after surging for months, as buyers rushed to take advantage of [...]
Continue reading...2. February 2010
The NFP and Interest Rate effect
NFP effect two months ago As can be seen in the chart above, the EUR/USD had been trading in an upward channel for months until the NFP was released on Dec the 4th (circled in blue), showing a remarkable recovery in the US economy with a surprising 11K jobs lost instead of the widely anticipated 119K [...]
Continue reading...1. February 2010
RBA Shocks Markets: Cash Rate Unchanged
The Reserve Bank of Australia surprisingly left its cash rate benchmark unchanged at 3.75% at its monthly monetary policy meeting. The decision took markets by surprise as a broad consensus among investors’ expectations pointed to a 0.25% rate hike for the fourth time in a row to 4.00%. The RBA was the first central bank [...]
Continue reading...1. February 2010
Trading the Breaks Ahead of Reserve Bank of Australia’s Rate Decision 10:30 PM EDT —- AUD/USD
Looking at an hourly chart on AUD/USD we see that the Aussie has been getting consistently weaker since Jan 18th earlier this year. Later tonight we have the Reserve Bank of Australia’s rate decision and statement at 10:30PM EST. The pair has been treading below the 100 Hour MA as considerable resistance over the last [...]
Continue reading...31. January 2010
Weekly Market Review Feb 1st, 10
Last week was a terrible week for riskier assets. Fears in the market about Greece’s fiscal situation continued to reek havoc on European bonds, currencies, commodities and the equity markets. At one point, Greek 10 year yields moved up 51 basis points in less than one day, as investors preferred to shift their money out [...]
Continue reading...
eToro – Forex Trading Forum
- Weekly Market Review February 8, 2010
- February 5, Non-Farm Payroll February 5, 2010
- February 4-Economic News February 4, 2010
- The week in Review and the week to come February 1, 2010
- US and Canadian GDP Announcements Jan 29 January 29, 2010
- Earn Like Professionals Do!!! September 15, 2009
- Is Forex Trading legal In India? August 27, 2009
- FOREX WEATHER REPORT- MARKETS AHEAD(WEEKLY ANALYSIS) August 15, 2009
- Ten Roadblocks to Success often faced by Forex traders July 18, 2009
- Why do many traders succeed while other fails?? July 15, 2009
8. February 2010
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