Currency Trading, one pip at a time.
From the category archives:
Cable is in a tight spot right now. While the Euro-Dollar rallied from the 1.3890s to the 1.3940s, GBPUSD has sat in its daily range. The squeeze juice in the market was not enough to break the 1.6155 near-resistance in Cable. Pound Dollar is in a range between 1.6118 and 1.6155. It is also experiencing [...]
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The EURUSD [Euro-Dollar] bearish tape is playing out. We’ll take a look at the daily chart to see what has been happening. The first “bearish/over-extended” warning sign in the daily chart was the Bollinger Band breach. The pair had a candle trade completely above the band, which is extremely unusual. You can look back at [...]
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Today is t-2 (“t minus 2″), with t being Christmas for traders. On Wednesday, Santa Fed arrives at our chimney. Some people expect a big gift while others believe Santa Fed will disappoint. Speculation is all the rage and everyone has an opinion on what will happen. They all want to guess what’s in the [...]
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I laugh at this graph everytime I see it. I sometimes open it up just to get a good laugh. Everyone thinks what they do is more important and better. As they say, the grass is always greener on the other side. Your job is hard, sophisticated & challenging, while his/her job is a joke. [...]
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US Jobless claims came in better than expected at 434K. The market consensus was looking for 455K. On a headline basis, “it’s good news”. The only thing is that people are completely disregarding the fact that the number from last week was revised upward, which is not so good. The trend has also been that [...]
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