GBP/USD Open 1.5682 High 1.5817 Low 1.5631 Close 1.5672Pound/Dollar also lost all gains from the beginning of the week, when on Wednesday the Cable dropped from 1.5815 to 1.5665, closing the day at 1.5672. Expectation today are...
The Forex market awaits crucial U.S. data today in the PPI and Unemployment Claims figures at 13:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. Forex traders are...
EUR/USD Open 1.3610 High 1.3788 Low 1.3558 Close 1.3602After the significant rise at the beginning of the week, on Wednesday Euro/Dollar dropped significantly from 1.3788 to 1.3590 as FED favoured increase of interest rates, and Greece have...
You may have heard the expression “the trend is your friend”. Well, that could not be more true when it comes to trading. Being able to identify the trend on a currency pair — the direction in...
Multiple Time Frame Analysis is the practice of analyzing a currency pair by looking at the same pair through several different time frames on charts. The advantage here is that by looking at a larger time frame,...
Support and Resistance is the most important thing Technical Analysis. Let’s start out our discussion by looking at a chart.
The placement of stops and limits is a critical component to successful trading. Stops are put on a trade to take a trader out of a trade at a predetermined point at a worse price than the...
USD/JPY – 91.07.. BOJ kept overnight call rate target unchanged at 0.10% and stated it will maintain very easy monetary conditions. Market reaction to the announcement is somehow muted.http://www.acetraderfx.com
GBP/USD – 1.5648..We did remind readers in our 07:01GMT update y’day to buy cable on dips n take profit b4 release of BOE’s meeting (dovish) minutes. The pound retreated b4 the release n briefly dipped to 1.5735...
Market Review – 17/02/2010 22:47GMT Dollar gains on upbeat U.S. data and possible assets sales program The dollar rose against its major counterparts after housing and manufacturing reports beat forecasts and Federal Reserve minutes showed officials proposed...
