1 minute with ForexSurvivor 15pips USDCHF Mission Accomplished 25pips GBPCHF Mission Accomplished A. (01 August Europe) Latest Impact: Monthly Closing Dollar index monthly closing over MA06 for the first time in 2008 is an indication that a […]
By FX Insights
Understanding Drawdown/Market Drops Part II
2. What causes the EUR/USD to drop or correct?
Profit taking – profit taking is one of the biggest factors that account for drops in the market. When a large bank or institution closes a multi-million or multi-billion dollar entry, this will have an adverse affect on the market, and cause […]
Overview A mixed session overnight, as the USD fell early on the back of disappointing GDP data, but firmed late on the back of weaker crude oil, and the market’s reluctance to push the EUR to high. While the market remained cautious about buying the EUR too heavily, the data also reminded the market that […]
By FX Insights
Understanding Drawdown/Market Drops Part I
With the EUR/USD making anywhere from 300 to 600 pip swings the past few weeks, this has certainly caused a lot of confusion for newer FX traders, tech traders, and really just about any other trader that doesn’t quite understand the main factors that cause bigger market moves/drawdown/market drops/market […]
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- Australian short-term bill futures had their biggest daily jump in five years and AUD/USD plunged to the lowest level since June 17, with markets pricing in the possibility of a near-term interest rate cut by the Reserve Bank of Australia (RBA). The rally started when the market picked up on an unsourced report from […]
By FX Insights
Trade Team Update - - 7/31/08
I don’t know about you, but trading the market this week has pretty much fried my brain and we still have NFP to contend with… don’t expect any sanity in the markets tomorrow because all markets react and respond to NFP.
Today’s big event was the release of the […]
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Original post by Mysupergenie Forex Trading Resource
Last month we announced the release of NFP - Non Farm Payrolls report and hope you guyz utilized it and fetched good profit. Today (1 August, 2008), US Non Farm Payrolls report would be released at 12:30 Hrs (GMT). Don’t miss out this big opportunity. To know further information about this, Click […]
EUR/USD Long Entry: 1.5540 Take Profit: 1.5615 USD/CHF Short Entry: 1.0515 Take Profit: 1.0390 GBP/USD No Trade USD/JPY Short Entry: 108.35 Take Profit: 107.35 The forex signals above are valid for London and […]