Foreign Exchange

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

Which Opinions Are Correct? The trading world is full of too many different ideas that are hyped excessively. Many a professional often asserts that her/his own trading idea is the best. Many traders breathe intraday trading, and many endorse investing. Some worship tape reading, while some idolize Fibonacci ratios. Some use supply and demand levels […]

In yesterday’s session, EURUSD fell over 100 pips, invalidating the bullish outlooks that were proposed in previous articles for this pair. The EURUSD dropped to support at the level of 1.3274, after the United States, the Fed chairman, Ben Bernanke, gave a press conference where he spoke optimistically about the U.S. economy and therefore, the […]

The Aussie continues to forming important bearish patterns forming  for further define the trend in the long term. The AUDUSD continues forming a lower high pattern in the daily chart above the support at the 0.9489 level. If the aussie manages to break this level, it is expected to fall to support at the 0.9385 […]

The GBPUSD continues to strengthen its bullish trend in the long term, but we must be aware of the significant levels of resistance that are in the way. GBPUSD is forming a lower high pattern ressistencia below the level of 1.5726. If the cable does break the resistance,would be expected to rise to the level […]

The currency market instruments have been moving in a determined and predictable manner. The JPY pairs have been very weak, while the GBP and the EUR are strong. The USD is weak. However, there could soon be some pullbacks in the bullish biases (no space shuttle can go upwards indefinitely). The pullbacks could be temporary […]

I’m scratching my head… There are many types of financial markets out there: commodity markets, stock markets, ETFs, CFD, spread betting, sports betting, options, futures and so on. But why is Forex the biggest, the most popular and the fastest-growing? This is an intriguing development, but why? Why? I’m still scratching my head… Those who […]

Pound Sterling At the start of the week the Pound weakened against the Euro and US Dollar due to a selloff of the currency and as speculation mounts that the US Federal Reserve will soon announce a slowdown of monetary stimulus.  The uncertainty over the Fed’s next move regarding its easing policies was the main […]

LEARN FROM GENERALS OF THE MARKETS – PART 30 “Master price action and you will be well on your way to successful trading.” – Nick McDonald Mike Baghdady is a highly experienced trader with far more than 3 decades of experience. He’s been called Mr. Price Behavior. He’s a world leader when it comes to […]

Japanese stocks weaken, as the yen begins to strengthen against the U.S. dollar. Last week, the Nikkei 225 index fell by more than 6.5% and this has allowed it to get into very bearish, so we could see further declines in the coming days. Because of this, the yen has started to strengthen against the […]