Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode.
American Advance GDP for the second quarter [...]
Forex Daily Outlook – July 31st 2009
Another month comes to end. This time it’s with a bang! American Advance GDP for the second quarter is causing anxiety all over the globe. Also watch out for the Canadian GDP and other figures. Let’s see what’s up or today.
Australian Private Sector Credit is expected to rise by 0.1% after falling by 0.1%. AUD/USD got [...]
Forex Daily Outlook – July 30th 2009
American Unemployment Claims and British Nationwide HPI are the main dishes for today, and there are more interesting releases. Let’s see what’s up for today:
Australian Building Approvals start the day. After plunging by 12.5% last month, they’re expected to bounce back and rise by 7.2%.
In Britian, Nationwide HPI is an important release for the whole British [...]
New NFA Regulations – Confusion is Growing
Some brokers explain how they are compliant with the new NFA FIFO rules, and just cause confusion. Some say that your MT4 EAs will break, and that the only solution is a foreign subsidiary, and others claim that your MT4 EAs will survive the changes only if you join them. 4 days till the ruling [...]
Forex Daily Outlook – July 29th 2009
American Durable Goods Orders and a rate decision in New Zealand are the highlights of this busy day in forex trading.
Australian HIA New Home Sales starts the day. Last month, this figure fell by 5.7%. In New Zealand, NBNZ Business Confidence is an important release that will give a broad view over the economy.
A bigger event for [...]
Emotional Control: The secret key to El Dorado
Guest post by ForexTraders.com
It is well-known that a majority of forex traders fail. But it is not equally well-known that the main cause behind such a high rate of failure is unrelated to the market itself. Not analysis, and strategy, not education and learning, but lack of emotional restraint and mental composure are the leading [...]
Forex Daily Outlook – July 28th 2009
American CB Consumer Confidence and British CBI Realized Sales are the major events for today. And there’s more…Let’s see what’s up for today.
Australian CB Leading Index starts the day. It’s followed by the NAB Quarterly Business Confidence. At 3:00, RBA Governor Glenn Stevens will speak about the Australian economy.
In Switzerland, the UBS Consumption Indicator has fallen in the past two [...]
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