Forex
Next Entries »Sterling: UK Budget Derails Bounce On Yen - 500+ Pips Slide
Thursday, March 13th, 2008Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. This south-bound train was significantly aided by forex traders’ perception of UK Budget sematics.
Forex Trading - GBPJPY Finally Got Out Of "Jail"
Tuesday, September 18th, 2007Today has been a very exciting day. I started the day with two short entries, stopped out @ 228.82 and 228.87 respectively with 38.5 pips losses. With both 6 lots in total, that was a massive 231 pips loss. I’ve learnt to move on from such hits. Since those trades, I have made two good successful entries and both came up trumps.
Euro Surge In Past Months Lean Harder On Euro-Zone GDP
Monday, September 17th, 2007Euro-zone trade balance fell short of expectation for the first time in eleven months. A sign that the Euro-zone economy is feeling the pinch - the effect of the EURO strength on the Dollar in recent months. This is the first shortfall since August of 2006 and a considable plummet from June’s 4.4 billion euro figure.
Euro and Sterling Took Flight On Rate Hike
Thursday, August 3rd, 2006The EUR/USD and Cable (GBP/USD) headed north today, Thursday on interest rate hike that took many by surprise after the European Central Bank and Bank of England both raised interest rates by 0.25 percentage. This was a move to tighten up control on inflation. The Bank of England surprised the markets with a quarter-point rate hike, taking interest rates to 4.75 percent to slowdown accelerated growth. The Euro zone to 3.0 percent also.
GBP USD: Shaken But Not Scared
Tuesday, January 17th, 2006My earlier post was an account of a loss from my initial trade this morning which took me out. That loss became a motivating factor to my scalping latter in the day.
However, I am glad to say that the day ended positively with the help of the uncertainty in the oil maket. Especially what is [...]
Good Day To Trade Forex
Wednesday, December 28th, 2005Like the cowboys would always “It’s a good day to die..” I’ll say, ‘it’s good day to trade’. This morning I never really had any trading opportunity because it did not suit my trading plan. However, as the unfolds it became apparent that there was something for everyone. The US economic report (consumer confidence) which was better than expected was a catalyst to this afternoon’s serving up trading opportunities across various currency pairs.
Forex Trading: Trade Forex and Make £500 per Day For Life
Tuesday, December 20th, 2005Forex is a short form of Foreign Exchange and it is a speculative market where each currency pair are traded on the spot. Mildly put it is an auction where sellers are asking for certain prices against a buyer’s bid price. The high liquidity of the market means that you will always have buyers/sellers 24/6 of the week.
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