4 Major Mistakes Made by Forex Traders
To be a better forex trader, or just to be a better person in general, you have to learn a lot of things. Learning a lot of things means you have to try out stuff you haven’t...
Month: September 2013
NZD/USD Reaction to RBNZ Statement (September 12, 2013)
RBNZ Governor Graeme Wheeler also adopted forward guidance in his latest rate decision in saying that the central bank is looking to increase interest rates by next year. According to him, the recovery in the housing sector...
USD/JPY Forecast September 12, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, in a generally dollar negative tone. However, we are still well within the vicinity that we have seen recently act as a magnet for price, and as a...
USD/CAD Forecast September 12, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday as you can see, but remains above the 1.03 level. It is because of this that we aren’t quite ready to start selling yet, and as a result...
GBP/USD Forecast September 12, 2013, Technical Analysis
The GBP/USD pair broke out above the 1.5750 level on Wednesday, an area that we suspected was going to be very resistive. With that being the case, we feel this market will continue towards the 1.6 handle...
EUR/USD Forecast September 12, 2013, Technical Analysis
The EUR/USD pair rose during the session on Wednesday, reaching to the 1.33 level as you can see. We continue to think that this market is bullish, and as a result we think the market will go...
AUD/USD Forecast September 12, 2013, Technical Analysis
The AUD/USD pair broke out to the upside during the session on Wednesday, clearing the 0.93 handle. That being the case, we feel that this market will continue to go higher, and head towards the next major...
UK Jobless Rate Drops to 7.7%
Moments ago the Office of National Statistics reported that the UK jobless rate declined to 7.7% for the period between May – July which is the lowest reading since September – November of 2012 and down 0.1%...
USD/JPY Forecast September 11, 2013, Technical Analysis
The USD/JPY pair rose during the session on Tuesday, breaking above the 100 handle. This is a nice little breakout, and suggests that the market is going much higher. Because of this, we bought during the session,...
USD/CAD Forecast September 11, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but as you can see bounced enough to form a hammer. This hammer is right about where we expect to see support, right at the 1.03 handle.