Derek Frey sees an a rare overbought situation in gold, and marks the critical levels to watch with gold – on the way down. In his interview with Julie Sinha on Forex TV, Frey also addressed cable weakness and the unwinding of correlations as we are in a market turn point. Enjoy: After a long run of gold and Euro, Frey sees a turn point that we’re now experiencing. In times of turn points, correlations tend to unwind before new correlations emerge. One of the signs that he sees is that pairs like EUR/USD are experiencing 250 pip swings over a short period of time – looking back in history, this is a sign that the tables are about to turn. I sure agree with Derek Frey – EUR/USD is definitely stuck after a bull run – when will the downfall occur? Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook – October 22 2010 Anat Dror 12 years Derek Frey sees an a rare overbought situation in gold, and marks the critical levels to watch with gold - on the way down. In his interview with Julie Sinha on Forex TV, Frey also addressed cable weakness and the unwinding of correlations as we are in a market turn point. Enjoy: After a long run of gold and Euro, Frey sees a turn point that we're now experiencing. In times of turn points, correlations tend to unwind before new correlations emerge. One of the signs that he sees is that pairs like EUR/USD are experiencing 250 pip swings over… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
