2008 November | Forex trading & Analysis

Top trader’s insight â€“ use it!

30. November 2008

Share The Forex market is moving on a daily basis because of the constant battle between buyers and sellers. The side who has the most of the power at the moment is the one to decide in which direction the market will move. The market is actually the sum of all these many traders out there [...]

World stock markets gains support carry trade

27. November 2008

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Share World stock markets gains support carry trade The strength we are witnessing the last 4 days in wall street and European stock markets, is starting to bring back some interest in carry-trade pairs, supporting their prices, which constantly drop since last September. The most interesting pair is AUDJPY which had started this week above the key level [...]

EURUSD is back to 1.3 as dollar falls,

25. November 2008

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Share Dollar has extended its loses today against Euro and Sterling, completing a 3 day fall. The major activity in the market was just around 13:30 GMT when a government GDP report showed the U.S economy contracted by -0.5% just as the market expected, easing fears of a steeper drop. As a result, traders sold the Dollar at [...]

Yen trading weaker against majors,

21. November 2008

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Share (17:40 GMT) The Yen started the day on the bad side, losing against most major pairs. The USDJPY has advanced by around 200 pips from 93.5 to 95.5; it is now heading to meet its first resistance level at 95.85. The AUDJPY has also advanced nicely today, from 57 to above 60. The only major resistance [...]

EURUSD Still lucked in range (for now).

19. November 2008

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Share The last few weeks were good to those who chose to swing tradeÂ EURUSD, selling this pair onÂ tops, and buying it back on bottoms… However, you should notice that this pair is actually narrowing its trading range since Oct 26, forming what we call in technical analysis -” a triangle shape”. this shape is bound [...]