The U.S. session, trader’s daily 09:45 EDT question; “Oh dear, do we now want to take a U.S. based trade and run the risk of a price move stranding things with no momentum, as 80% of U.S. sessions do?” The law of probability says that U.S. trade will not follow… forex news source If you enjoyed this [Continue]
Historically speaking, crude oil and the Canadian dollar have had a very strong relationship, most of the time, the two assets having a high degree of correlation. This can be explained by the fact that Canada holds the second biggest oil reserves in the world after Saudi Arabia. Moreover, a… forex news source If you enjoyed this [Continue]
Technical analysis is sometimes studied as if it contains a grain of secret knowledge or portrays an intrinsic truth about currency movements. Often it is said that a specific chart formation will produce a specific price movement. Technical analysis does nothing of the sort. A chart is a reflection of… forex news source If you enjoyed this [Continue]
Statistically speaking, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation). A positive correlation implies that the two units move in similar directions, the higher the correlation the closer and… forex [Continue]
Currency trading with euro/u.s. dollar The euroo is on the rise in forex trading on the currency market today. Optimism about global equities is helping, as is the fact that euroo is getting a great deal of support right now in forex trading as the risk trade moves forward. And the euroo isn’t the only currency [Continue]
forex trading with the U.K. Pound forex trading with the U.K. pound should consider that the sterling is struggling today. Earlier, the U.S. dollar had moved higher against both the sterling and the euroo in forex trading, but things have changed — at least for the euroo. While the euroo is now making headway against the U.S. [Continue]
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U.S. retail sales are forecasted to have fallen by 2.1% in September following last month’s 2.7% gain which was driven by government’s “cash for clunkers”… If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
The USDJPY has started to consolidate after failing at the 20-Day SMA which has served as a staunch resistance level for the past few months. The defined… If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
