Category: Forex Bits
Stop Loss – Did You Try Trading Without It?
Andriy put up an interesting post about the famous or infamous stop loss. He asks if you trade without it – something which is usually highly not recommended. He mentions that everybody witnessed his stop loss being taken just to see the market change direction in their favor immediately afterwards, making it very very frustrating.
Forex Sites Traffic Jumps in October
Arnaud Jeulin of mataf.net published statistics of forex sites in October. The data, based on Google’s Double Click Ad Planner, shows that Forex Factory continues to be the clear leader of the space, with small growth also in October. DailyFX, owned by FXCM remains in second place, with a small dip. FXStreet is in the
NZD/USD Falls as S&P Downgrades New Zealand’s outlook
NZD/USD got a punch from S&P – the credit rating agency downgraded the country’s outlook from stable to negative and sent the kiwi down. NZD/USD rose before the announcement and reached 0.7835, but plunged more than 100 pips after this surprising news. The blame falls on the banking sector,that suffers a “significant weakening in the
Australia Real Estate Bubble?
There are more and more reports that Australia is about to feel the burst of a housing bubble. An Australian treasury official warned of a bubble (via Forex Live). According to the multi-decade graph, Australian property prices jumped quickly, much faster than OECD countries. Mish writes about how the Australian have “partied out” – comparing
Ireland Under Internal and External Pressure
The Irish cabinet meets today to discuss the 4 year, 15 billion euro cut in expenses, in order to show that the government is active and serious about cuts, before such plans are imposed by foreigners. After they sign it off today, it will be published on Tuesday. The IMF / EU delegation is “sitting”
Ireland Rushes To Lay Budget Cuts Before IMF Does
The Irish government is fighting to remain independent, after there’s already lots of criticism that Ireland is “under foreign occupation” – the big EU / IMF convoy to Ireland makes many feel that that the government is no longer in control, and that people from the outside tell it what to do. The Irish cabinet will present a four
Less Shorts Against the Dollar This Week
The CFTC reports that speculators trim their net positions against the US dollar – around 15 billion from nearly 22 billion last week. Looking deeper, most short positions were moved from the Euro, as the Irish crisis was in the headlines throughout the week. But positions were trimmed in other currencies as well. Read more
Oanda High Profitability Explained by Interest Rate Payments
Michael Greenberg analyzes the high trader profitability rate that Oanda reported and explains that the difference is made by the fact that Oanda pays interest rate to traders. This may explain that passive accounts are profitable, raising the profitability rate to positive, far off other brokers’ numbers. See it here