Forex Crunches for the Weekend – May 7

One of the more exciting weeks in forex trading is behind us. After Trichet pounded the euro and the Non-Farm Payrolls triggered big excitement, the markets are now closed. It’s time to relax and take a look at the big picture. Here are some recommended forex related reads for the weekend.

Jean-Claude Trichet not only hit the euro, but triggered a big fall in commodities.It began with a 10% fall in silver prices earlier in the week, and continued big time as Trichet expressed concern about the dollar and more ease about inflation. The world isn’t growing too fast, and we might have witnessed a big change now.

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• Lior Cohen analyzes the crash of oil prices and looks forward.
• Adam Kritzer interviews Liviu Pesar, owner of InnerFX, that states that the Swiss franc and Japanese yen will see further strength.
• Francesc Riverola reveals the monthly income of FXStreet, one of the largest forex portals out there – over half a million dollars. Congrats! Such transparency is very rare in the industry.
• Michael Greenberg reports that Swiss brokers stop accepting US clients in July 2011, and analyzes the situation.
• James Woolley suggests how to fast track your way to profitable trading. Isn’t that what everybody wants?
• Jay Norris discusses trend trading vs. countered trading. Is the trend your friend, or are you a contrarian?
• Andriy Moraru explains how to deal with errors in MT4 Strategy Tester.
• Forex Live – There is no specific article to point out to, but I’ll take this chance to recommend this excellent site. Their coverage of the recent wild events was absolutely brilliant.

Here are long term articles published on Forex Crunch this week:

• Dow Jones FXCM Dollar Index Announced – The components are quite interesting, with the Aussie in and the Swissy out.
• If Your Broker Insults You, It’s Time To Run – This is a true story.
• Greece Begins Admitting the Country Cannot Pay Its Debt – The default train is slowly moving out of the station.