Getting To Know The Majors
The U.S. economy is now in the Trough phase of the business cycle, after it experienced a steep decline in the last quarter of 2007 and in the first quarter of 2008. The economy was helped in finding a bottom in the second quarter of 2008 by the rebate checks…
This Week’s Market Outlook
One week after the USD plunged against other major currencies, the greenback has come bouncing back. The reversal stems from many reasons, but the keys to watch are: 1) Fears over USD devaluation stemming from the Fed’s buying of Treasuries were allayed by solid investor demand for $98 bio of…
Stop Loss?? I Don’t Want To Use It
Last week I was reviewing a website which has a trading signal program for those investors who prefer to not being involved in confusing market analysis and I respect them because such services normally will bring them more time to do other important things in their daily life. But the…
Three Simple Rules Of Winning Traders
About two weeks I went on CNBC and predicted that range will rule the currency markets for the foreseeable future. The price of EURUSD at the time of broadcast? 1.2630. The price of EURUSD at close of trade today? 1.2590. So range reigns in the currency market as every rally…
Canadian Dollar: End of Month Trading Anomaly
Did you know that the Canadian dollar has a very unique trading characteristic at the end of every month? According to our statistical analysis, we found that over the past 10 years, USD/CAD tends to fall in the last week of the month with a 95 percent confidence level. A…
EMU Economic Indicators Preview
Several ECB representatives have repeatedly hinted that there is still scope to cut interest rates. Moreover, the economic outlook for the euro area has deteriorated: steep declines in manufacturing output, exports and new orders give some indication of what real GDP in Q1 will be like. If the latest speech…
How To Trust Your Setup
One of the great ironies of life is that as traders we often trust ourselves least of all. Most traders (myself included) approach the whole enterprise with deadly combination of overweening sense of arrogance in our ability and underwhelming sense of confidence in our trade setups. When it comes trading…