Looking for a power move? Lets look at a technique that identifies strong moves in the Forex market.
The entire civilized world seem to be falling into a recession, and the U.K.’s economy is no exception. The Bank of England’s Monetary Policy Committee has simply been too slow to cut interest rate, so where will the Pound go from here?
TradingMarkets contributor Ed Ponsi gives his guidance on how to follow the forex market, especially in a downtrend.
In the midst of all this market misery, the Japanese Yen have actually gained strength in the currency trade. Why does the Yen do so well when the rest of the world is feeling the heat?
While some traders are looking for investments that offer a safe haven in wake of the recent turmoil markets, others see an opportunity in the currency trade.
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.
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.
This excerpt taken from forex specialist Ed Ponsi’s book, Trading Strategies for Trending and Range-bound Markets, asks the question: what is the ultimate technical indicator? The answer might surprise you.
Why are breakouts that occur on low volume considered unreliable? In all forms of trading, a breakout that occurs on high volume is respected because when traders are willing to put real money into a trading vehicle such as a stock, commodity, or currency, it shows a high level of commitment to that position.