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 post, make sure you subscribe to my RSS feed!
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 post, make sure you subscribe to my RSS feed!
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 post, make sure you subscribe to my RSS feed!
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 news source
If you enjoyed this post, make sure you subscribe to my RSS feed!
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 forex trading, forex trading, currency trading, euro/u.s. dollar, FX market, currency market, gold prices”>gold prices are surging to new records today. In currency trading, euro/u.s. dollar normally moves in tandem with gold prices.
forex trading, forex trading, currency trading, euro/u.s. dollar, FX market, currency market, gold prices”>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 benefiting from the current state of affairs: The forex trading, forex trading, currency trading, euro/u.s. dollar, FX market, currency market, gold prices”>U.K. pound is also heading higher in currency trading on the FX market.
As commodities improve, and as the global economic recovery creates demand for commodities, the U.S. dollar is expected to continue moving lower in currency trading.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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. dollar, the forex trading, forex trading pound, Gordon Brown, economy”>sterling is moving lower in currency trading on the forex market. This is due to the fact that the British economy just can’t seem to move out of its funk.
Indeed, even with global equity markets rallying, the sterling remains weak. Government debt and sluggish economic data are pointing to continued difficulties by the British economy, and that is pulling down the sterling. The fact that Gordon Brown is requiring forex trading, forex trading pound, Gordon Brown, economy”>local governments to sell off some of their assets to pay down government debt isn’t helping matters, either.
If you enjoyed this post, make sure you subscribe to my RSS feed!
The active crude futures contract rose to a seven-month high $74.75 through the European session Tuesday before tempering its advance before US liquidity…
If you enjoyed this post, make sure you subscribe to my RSS feed!
The EURUSD and AUDUSD continue to probe new highs but there are signs that the NZDUSD is vulnerable. The USDJPY may be forming a base from which to work…
If you enjoyed this post, make sure you subscribe to my RSS feed!
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!
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!
