Intraday Market Updates

Investors question sustainable euro weakness

March 12, 2010 · 10071Leave a Comment2010-03-12+14%3A54%3A31Interactive+Brokers

The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation of the single European currency into a spin by warning that the next 10 cents for the euro is more likely on the upside than the downside. An unexpected jump in retail sales has provided a lifeline to an ailing dollar on Friday morning, but in my mind the die has been cast in that the rationale for remaining short... [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]

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

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 →