2008 September | Forex trading & Analysis

U.S lawmakers reject Bailout plan -

30. September 2008

Share Tuesday – 7:00AM GMT The Forex market is still preforming under stressful conditions. Yesterday after the American congress had rejected the $700 billion bank rescue plan, the EURUSD jumped frantically to 1.4570, only to correct almost immediately back to around 1.4380. The Yen on the other hand has considerably strengthened against carry pairs like AUDJPY, and also breached [...]

Why too much freedom can be bad for you

28. September 2008

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Share A second post on the subject of ” controlling your trades”. Only few forex traders begin their career as forex traders. Most of us come from a totally different background prior to our trading endeavor. In any certified profession, you have a set of rules you need to follow in order to be called a professional and [...]

Friday, Sep 26- U.S Bailout plan Uncertainty

26. September 2008

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Share (9:30 AM GMT) the YEN jumped by more than 1% against the dollar this morning as negotiations for U.S financial crisis bailout reached a dead end. As a result, investors rush to buy the Japanese currency which had become a safe haven from risk lately. The USDJPY is already trading very close to 105, a clear break under [...]

Thursday, Sep 25 – U.S New Home Sales

25. September 2008

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Share The dollar is on the losing side Â against major pairs this morning ( 8:30am), as traders elevate bets the Federal Reserve bank will cut rates on the dollar next month. Just a few weeks ago no one considered this as an option, however , as things deteriorate in U.S, we start hearing more and more [...]

EURUSD close to 1.5 once again

23. September 2008

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Share Yesterday (Monday), the greenback (USD) managed to register a new one-day-loss record vs. the EUR since its inception (almost 10 years ago). A clear break above 1.45 on early trading hours of Monday morning triggered a one day move of around 360 pips up to 14866. My last post’s target of 1.465 (targeted at a clear [...]