For years and year, whatever direction the euro went, the pound tagged along and vice versa. This produced a wide trading range for the last 30 years. However, we live in a new day today as we break through those historic highs this month!
Check out the chart below.
30 Year Highs are Taken Out!... Continue Reading
Submitted BySean Hyman
For years and year, whatever direction the euro went, the pound tagged along and vice versa. This produced a wide trading range for the last 30 years. However, we live in a new day today as we break through those historic highs this month!
Check out the chart below.
30 Year Highs are Taken Out!...
Submitted ByContrarianProfits
Japan dominates news wires… US retail sales to drop… Russia devalues the ruble again… And Now… Today’s Pfennig!
Most of the markets were closed yesterday, and trading was very light on Christmas eve. The Asian markets were open, and the dollar did sell off a bit vs. most of the major...
Submitted ByContrarianProfits
Dollar up vs yen as BOJ warns of further export woes… Euro gains broadly; doubts about U.S. auto bailout loom… Market expects ECB rate cut; policy-makers seem divided
The dollar rose against the yen on Monday after the Bank of Japan followed last week’s interest rate cut with a warning that...
Submitted BySean Hyman
In the years that I’ve spent being an instructor to currency students all around the world, I’ve realized that the names and faces change but the same mistakes tend to happen.
I think it’s because its human nature to be drawn to the same errors. So let’s talk...
Submitted ByCorey Rosenbloom
Adam Hewison of the Market Club released a new video entitled “Trends and Timing in the FOREX Market,” in which he describes how to analyze a FOREX chart and how to generate and confirm trading signals using the weekly and daily charts in conjunction.
Here’s a portion of the introductory...
Submitted ByContrarianProfits
In the currency market, the dollar got slammed against the euro for a second straight day. Late Thursday, the euro was trading at $1.3314 vs. $1.3016 on Wednesday.
The day’s tone was set by a litany of horrible data, beginning with the Labor Department’s report that the number of first-time...
Submitted ByContrarianProfits
There is always a bull market going on somewhere, says Frank Hemsley. As currency values are all relative to each other, a slump in one always means another is soaring. Frank says the unwinding of the carry trade means the Japanese yen is soaring against weaker currencies like the British pound. As...
Submitted ByMichael Michaud
For six weeks now, the euro-dollar exchange rate, known to forex traders as the EURUSD, has gone nowhere. While we've seen some big ups and downs, their net progress has been close to zero: Today, the rate stands near $1.29, where it was in late October. You may say, after last week's devastating...
Submitted ByContrarianProfits
John Crooks says the US dollar is one of the few bullish currencies for 2009. Investors can profit by going long on dollar ETFs, or shorting other currency ETFs. But to make really huge returns, John recommends using options and investing in the exotic currency markets.
This from Sovereign...
For years and year, whatever direction the euro went, the pound tagged along and vice versa. This produced a wide trading range for the last 30 years. However, we live in a new day today as we break through those historic highs this month!
Check out the chart below.
30 Year Highs are Taken Out!... Continue Reading 
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