Columns and Articles
Trading Economic Releases: Don’t Jump In
March 12, 2010 · Leave a Comment
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 · Leave a Comment
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
Double Top on the S&P 500
March 13, 2010 · Leave a Comment
After a rally which has lasted since Fed Chairman Bernanke announced on the 60 Minutes TV program that the Fed was “electronically” printing dollars on March 15, 2009, the S&P 500 has made a double top which may indicate a reversal. That doesn’t mean I’m ready to short stocks (and get long the dollar) just yet, but it does mean I’m being careful. Although my style of trading is more fundamentally based in that I mainly use technical... [Read the full story]
Forex News
UK House Prices Post 10th Consecutive m/m Rise Feb: FT/Academ
March 12, 2010 · Leave a Comment
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 →
Technical Analysis
GBP/USD Key Support at 1.5030
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... Read more of this article
NZD/USD Recovers Above 0.7000
The New Zealand Dollar recovered some the gains lost post-RBNZ rate decision as risk appetite spurred demand for riskier assets. All eyes will now turn to the U.S. retail sales figures expected to come... Read more of this article
AUD/USD Testing Key 0.9193
The Aussie had a volatile day yesterday as the morning began with risk aversion but ended on a positive note. Stocks in U.S. managed to close higher, driving the S&P 500 to its highest level since... Read more of this article
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Intraday Market Updates
Double Top on the S&P 500
After a rally which has lasted since Fed Chairman Bernanke announced on the 60 Minutes...
Afternoon Forex Overview
Previous session overview The U.S. dollar declined versus the euro on Friday as the...
Investors question sustainable euro weakness
The dollar is under pressure to end the week after words from a powerful investment...
U.S. Retail Sales Unexpectedly Rise 0.3%
Retail sales in the U.S. for February were $355.5 billion, an increase of 0.3%, following...
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Columns and Articles
Trading Economic Releases: Don’t Jump In
Have you ever asked yourself why did a currency fall if the economic figure was positive....
Managing Forex Risk with Precision Entries
This article outlines the process for executing precision entries. The risk/reward...
Back testing your Trading: The Skeptic’s Triumph
Back testing is popular, but it is not very reliable. There are many reasons that...
FXD Series: A Closer Look Into ForexDistrict’s Trade Ideas
The Following article will be the first in a series of posts that will help you get...
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