Forex trading season!

John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com.
Do you know the seasonal patterns which tend to play out in the forex markets? If so, then you were well positioned to take advantage of what [...]

Not the Pound’s Darling (2)

Alistair Darling’s pounded the Pound once again. The “supertax” on bank bonuses distracted the markets for a short time, until the pre-budget was fully digested. The gloomy picture drawn in the report sent the Pound down across the board, a day before the rate decision.

Get Carried To Profits With The Carry Trade

Guest Post by ForexTraders.com
If you’re going to learn about just one market-moving catalyst when it comes to foreign exchange trading, history shows it should be interest rate decisions by the world’s major central banks that move currency market more than any other news event. The reasoning behind this is pretty simple. The forex market typically [...]

Pounded by the King

The British Pound is falling on all fronts. Mervyn King released two Pound-bearish statements that the sent Pound way down, despite better than expected inflation figures. For GBP/USD, 1.6660 is live and kicking after all. Note the sharp falls against currencies as well: EUR/GBP, GBP/CHF and GBP/JPY.
Mervyn King went to the Treasury Committee in parliament today [...]

USD/CHF Breaks Resistance on Firm SNB Decision

USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line on the way, and is heading north very fast.
The Swiss National Bank lowered the target Libor rate to 0.25%. That was widely expected. But the [...]

Dollar-Pound Strange Correlation

There is a strange correlation between the US dollar and the British Pound. The pound goes further than the dollar, whichever direction the dollar takes.
Whenever the dollar rises – the pound rises as well – and also against the dollar. And whenever the USD weakens, GBP weakens even more.
Today, Januray 5th has been a day [...]

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