Intraday Market Updates

Morning Forex Overview

March 10, 2010 · 9736Leave a CommentMorning+Forex+Overview2010-03-10+09%3A28%3A24Dukascopy

Previous session overview The euro ticked up against the yen in Asia Wednesday, as Japanese importers buying the single currency on a regular settlement day set the tone of the market amid a lack of other trading cues. But further gains are far from certain, dealers said, with the euro’s near-term direction resting on developments in the euro-zone’s fiscal problem and upcoming economic data. As of 0450 GMT, the euro stood at JPY122.44,... [Read the full story]

Technical Analysis

AUD/USD Near Key 0.9172 Resistance

March 9, 2010 · 9729Leave a CommentAUD%2FUSD+Near+Key+0.9172+Resistance2010-03-09+22%3A14%3A15Forex+District

The Aussie rose sharply in the NY session breaking strong resistance levels and clearing stops above the 0.9130 area. The pair began the morning at 0.9060 and closed higher by 80 pips at 0.9140. Currencies took queue from stock markets which spurred risk taking in the U.S. session. Markets are still liable to risk sentiment shifts as concerns of sovereign debt remain and the global economic outlook is still seen as moderate. The Aussie has a busy... [Read the full story]

Columns and Articles

Managing Forex Risk with Precision Entries

February 26, 2010 · 9223Leave a Comment2010-02-26+22%3A50%3A33Jade+Gate

This article outlines the process for executing precision entries. The risk/reward ratio for this method is in the range of 1:10 to 1:50+ subject to position size, market conditions and the point at which the trader decides to take profit. Managing risk effectively is a critical tool both for profit generation and for long term survival in this market. Trading Forex is like attempting to catch a ride on the back of a wild animal. The trader has... [Read the full story]

Forex News

US EIA: OPEC Revenues Seen Recovering After Sharp ‘09 Drop

March 9, 2010 · 9727Leave a Comment2010-03-09+19%3A56%3A08iMarketNews

By Brai Odion-Esene WASHINGTON (MNI) – After seeing record oil revenues in 2008 turn into a 41% setback in crisis-struck 2009, OPEC countries are expected to see an improvement this year and next, the U.S. Energy Information Administration estimated Tuesday. The EIA projected OPEC net oil export revenues in 2010 to be $767 billion, while the cartel’s expected revenue for 2011 is expected to hit $823 billion. read more Read More →