Foreign Exchange

The British economy grew more than expected, updated figures from the UK’s Office for National Statistics (ONS) revealed earlier today. In its report, ONS showed UK’s gross domestic product increased by 0.3% in 2012 instead of the flat growth previously anticipated backed by a rise in output in the construction industry. UK’s quarterly performance had […]

Italian election leaves inconclusive result causing sharp market falls European markets have opened to falls following an inconclusive result in the Italian elections, with the Frankfurt and Paris exchanges falling by over 2%. Closing whilst election results were being announced New York’s Dow Jones Industrial Average fell by 1.55%. By late morning trading Europe’s major […]

EURUSD Primary trend: Bearish The EURUSD traded in a significant downwards move recently – a bias that is ever valid. The indicators on the chart now give a vivid support of the bears’ hegemony. The price has already broken the support line at 1.3300 to the downside, and the next target would be the support […]

NZDJPY: SELL   There is now a bearish possibility on the NZDJPY exotic cross as a result of the analysis given here. On the chart, the EMA period 56 and the RSI period 14 are used. Since the beginning of this year, this cross had been trending upwards, accentuated by vivid higher highs and higher […]

LEARN FROM GENERALS OF THE MARKETS – PART 22 “I love my career and am always learning more about trading. I felt my passion for the industry and harnessed it with full commitment.” – Chris Cashman Sam Seiden, a trading genius, started his trading career on the floor of the Chicago Mercantile Exchange. Since 1991, he’s […]

EURUSD Primary trend: Bearish This pair is in a bearish mode, and this is what is expected to continue in the next several trading days. The indicators are showing a Bearish Confirmation Pattern on medium-term charts of the EURUSD. After the support line at 1.3250 has been broken to the downside, the next target would […]

Japan breathed a sigh of relief this morning as the G20 summit in Moscow closed with no direct comment on the continuing decrease in the yen or its potential impact. The Nikkei 225 index (NIK:NI225) gained over 2% today as the yen weakened to 94.10 against the US dollar after reaching 92.25 at the close […]

AUDCAD: BUY The AUDCAD cross is currently in an equilibrium zone. But when a breakout does occur, as it normally would happen, the price is expected to move in a further bullish mode. There is a notion that the Lonnie would soon gain a measure of strength against the Aussie, as buyers are whetting their […]

“The truly successful traders are incredible discipline fanatics. Presumably, it’s not even enough to be more discipline than the average person. You just need to be in the top 10% group. Self-discipline causes the trader to place certain obligations on himself.” – Christian Lukas Being disciplined enough to do what are rights in the markets […]

EURUSD Primary trend: Bearish Recently, the EURUSD started to experience a kind of negligible reversal in the market. But this seemingly negligible reversal has turned out to be significant enough to render the major bullish outlook useless. Based on what is happening on the chart, long trades are no more useful on this market: short […]