The US Federal Reserve prints it’s FOMC statement tomorrow at 2:15pm EST. After the Fed’s last FOMC announcement, we saw the futures [...]
Think Like a Dealer - FOMC Wednesday
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US Economy Awaits ADP Nonfarm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released. ForexYard also advises...
USD/JPY having opened easier, steady in early European trade
USD/JPY having opened a little easier, is seeing steady trade in early Europe. We’re presently sitting at 91.85 having closed out in North America Friday up around 92.05. The market duly noted the aforementioned Financial news article with it’s call for China to increase it’s...
Forex news: dollar slips vs majors on Asian stocks increase
Thursday, during early Asian deals US currency lost ground against its main rivals as gains in Asian stocks boosted investors to turn toward higher-yielding assets. Asian shares edged up today as investors continued to favor riskier assets on further signs that the global economy is picking up,...
Japanese current account surplus -54.5% YoY
The expectation for the April c/a was for -39% but as usual these figures have had little or no effect on the FX market, at least in the short term. When the market steps back and analyses data such as this, it will think twice about buying JPY in the current environment. If the only reason to be...
What information does a forex trading system need to communicate to the user?
As any computer program, a forex trading system has input and output. This post is about the output -- what should be in it? What are the guiding principles of this communication? Here are the basic principles as we see them now: Regularity. Communicate actions, not prophecies. Communicate actions...