Columns and Articles

Trading Economic Releases: Don’t Jump In

March 12, 2010 · 10083Leave a Comment2010-03-12+17%3A32%3A07Juan+P.+Bejarano

Have you ever asked yourself why did a currency fall if the economic figure was positive. Shouldn’t the currency continue rallying? The answer is: not necessarily Markets have the keen concept of speculating. According to Investopedia, the main purpose of speculation is “to profit from betting on the direction in which an asset will be moving.” Another way of looking at this, through the economic release lense, is by the “well-known”... [Read the full story]

Technical Analysis

GBP/USD Key Support at 1.5030

March 12, 2010 · 10057Leave a CommentGBP%2FUSD+Key+Support+at+1.50302010-03-12+12%3A58%3A21Juan+P.+Bejarano

The Pound found strong demand at the aforementioned 1.4873 level and has extended a rally towards the previous high just under 1.5200. Near term bias is slightly turned to the upside as a correction in the pair seems imminent. Medium to longer term continues to be set to the downside on deficit and political concern. In the nearest term, focus is on U.S. retail sales which are due at 8:30EDT. Expectations are for headline retail sales to show a -0.1%... [Read the full story]

Intraday Market Updates

Afternoon Forex Overview

March 12, 2010 · 10078Leave a CommentAfternoon+Forex+Overview2010-03-12+16%3A52%3A14Dukascopy

Previous session overview The U.S. dollar declined versus the euro on Friday as the shared currency was supported by strong economic data and more confidence that Greece will recover. The greenback pared losses after better-than expected retail-sales data and a surprise decline in consumer confidence. The dollar index, which measures the U.S. unit against a trade-weighted basket of six major currencies, traded at 79.990, compared to 79.907 before... [Read the full story]

Forex News

UK House Prices Post 10th Consecutive m/m Rise Feb: FT/Academ

March 12, 2010 · 10055Leave a Comment2010-03-12+12%3A06%3A01iMarketNews

LONDON (MNI) – While other house price surveys have shown the rally in UK house prices running out of steam, FT/Acadametrics latest survey shows the rally continuing unabated. The average house transaction price in February was 1.9% up on the previous month according to FT/Acadametrics, the 10th successive monthly increase. This left house prices up 9.7% on a year ago. read more Read More →