Trading Ideas for Forex
Friday September 05, 2008
Consumer Credit, Boosting the Dollar?
Data from the Consumer Credit will be release on Monday. Analysts are expecting another increase to $8.5 billion dollars.
Dollar Bulls on a Rampage
The EUR/USD pair had no real reaction to the ECB's decision to leave rates at 4.25%, but the ISM non-manufacturing number lit a fire under the greenback, increasing its gains.
While the USD Cats Are Away, the European Mice Will Play
Taking advantage of falling crude oil prices, the greenback enjoyed some significantly strong gains earlier this week. But rising unemployment is opening the way for a drop against its counterpart currencies.
The British Pound is Nobody’s Darling
The British Pound has been in a free fall during the entire month of August, and just hit its lowest point vs. the U.S. Dollar in over two years.
More Trading Ideas
Magnetic Monkey Numbers, Gustav, and The Dollar
- Tuesday Sep 02
The sharp drop in oil prices combined with the much feared Gustav weakened to a tropical depression and economic malaise extending into the Eurozone have added fuel to the strong dollar.
Forex Trading With The COT Report
- Friday Aug 29
Who's buying and who's selling is too important an information to leave to chance. The COT Report, published every Tuesday, paints a picture of what is happening behind the market and is vital to every player in currency trading.
Majors Contemplating The Next Move After USD Hammers Them
- Thursday Aug 28
The USD erased earlier losses with a 6.6% gain against the G7 countries. This is the first real set of gains the USD has delivered in quite a long time.
Greenspan’s Favorite Inflation Gauge Release on Friday
- Thursday Aug 28
Former Fed Chief Alan Greenspan's favorite inflation gauge will be released on Friday, August 29, at 7:30 a.m. EST. Watched closely by Forex traders, The PCE Deflator can have dramatic impact on the EUR/USD.
Euro Falling: Swiss Speech Equals Forex Volatility
- Tuesday Aug 26
Swiss National Bank Vice Chairman Philip Hildebrand could cast the first stone in a larger ECB paradigm shift.
Jackson Hole, Central Bankers and the USD
- Friday Aug 22
Positive words on inflation were said by Fed Chief Bernanke on Friday. His message that inflation was on track to moderate in the coming months was clearly liked by the Dollar which rose against other major currencies.
How Far Will the EUR, GBP and AUD Sell Off?
- Wednesday Aug 13
At closing on Tuesday, the euro lost against the dollar, which hit the highest since March. While the GBP sunk and the Australian dollar continued to retreat. Can the greenback's latest surge change investor's favor?
How to Trade Short-Term Reversals in Forex
- Wednesday Aug 13
Technically speaking, everything starts with the simple act of observation...
EURO, AUD and GBP at Critical Levels
- Friday Aug 08
The EURO fell to a session low of $1.50, the British pound tumbled against the dollar and the Australian dollar did likewise, futher fuelling economists' forecast that the currenies are at crucial levels.
Forex Chart Setups: Dollar Makes a Run as Oil Falls
- Tuesday Jul 22
The U.S. Dollar has started moving upward in conjunction with the fall in oil prices at the beginning of the trading day. The Swiss Franc is one currency that has really been feeling the effects of it.
The 5 Factors I Look for in Every Pullback Setup
- Friday Jul 18
This pullback trading strategy
utilizes stochastics, support and resistance as well as Fibonacci
retracement ratios to time trades in the direction of the primary trend.
Fading False Forex Breakouts
- Wednesday Jul 02
In this article I will share a simple strategy that many professional traders use with a great deal of success.