It was getting pretty monotonous wasn’t it? Seemed like every week was a ‘green candle’ (up week), and every month was a guaranteed winner for a while there. The investors/traders(?) who for whatever reason were buying each and every dip in the market were being rewarded in spades. It felt like a ‘one way’ [Continue]

British pound in currency trading The sterling is managing to hold its gains in forex trading on the currency market today. The forex trading, U.S. dollar, Fujii, stock market, risk trade” U.K. pound has been wavering due to economic data coming out of Great Britain. However, the pound sterling is managing to maintain it’s price in [Continue]

U.S. dollar weakens in currency trading The U.S. dollar is weakening in currency trading on the FX market as economic news comes in from a variety of corners. Of particular interest right now is the fact that China is saying that it will hit its yearly economic growth goal. So far, China claims, its economy has gown [Continue]

•    British Pound Traders Look Ahead to BoE Minutes to Help Revive Currency’s Rally •    Canadian Dollar Tumbles after BoC Rate Decision as Officials Repeat Concerns over the Currency •    Australian Dollar Bolstered by Yet another Upgrade on the RBA’s Hawkish Policy Stance [Continue]

• US Dollar, Japanese Yen Down as DJIA Hits Fresh 2009 Highs • Euro Consolidates Below 1.4965 • British Pound Fails to Break Above Trendline Resistance • Canadian Dollar Gains as Foreign Investment Climbs, Ahead of Bank of Canada’s Rate Decision forex news source If you enjoyed this post, make sure you subscribe to my [Continue]

forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]

Is it better to fight fundamental or technical trends? What if the fundamental bias is defined by the RBA warning the market of its intentions to hike and clearly defining its tolerance for further rate hikes while the chart is offering up a five-month descending trend channel with heavy reinforcement from resistance? forex news source If you [Continue]

Crude has extended its impressive rally to fresh yearly highs for an eighth consecutive day. This is run is now one bullish close short of matching the recent record-setting advance between July 15th and 23rd – though the current bull wave is far more intense than its predecessor with a 13.6 percent climb. forex news source If [Continue]

Economic data out of the U.S. September retail sales data is in for the United States, and it appears as though there has been an overall decrease. However, it is worth noting that, if auto sales are taken out of the picture, Yesterday the euro moved higher, and it appears that today will continue the rally [Continue]

Pressure remains on the US dollar but the New Zealand Dollar is actually the weakest of the major currencies right today. A EURu.s. dollar resistance line is at… forex news sourceThe US dollar is hurting however, the NZD is doing the worst among the major currencies today. The EURUSD is setting up a line of resist [Continue]