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• Don`t Cut the Deficit Yet, Ben Bernanke Tells the House

  By Michael Trinkle, ForexTraders The growth phase engineered by Ben Bernanke and his team at the Federal Reserve is a financial bubble. That much is understood by many, with reactions differing only to the extent that the bubble can be traded profitably, but as far as the consequences and dangers...

• New York forex wrap-up; EUR rally falters, recovers

  Russia may switch share of US Treasuries to IMF-issued bonds Weber: Central banks need tools to avoid asset bubbles US trade deficit rises to $29.2 bln, meets expectations Canada posts rare trade deficit; home prices drop Goldman Sachs CEO: Recession likely to be protracted Fed’s Lacker: Fed...

• New York forex wrap-up; Dollar holds gains but not all

  Fed unlikely to add to Treasury purchases, slow pace of existing program: WSJ Trichet: High level of uncertainty remains; prudent on economic outlook US import prices rise 1.3% in May, down 17.6% y/y BOE’s Dale: Inflation targeting should be “enhanced” German tax revenue falls...

• Update on my LMT Forex Formula trade

  Greetings fellow traders. A few days back I made a post (over here) announcing with joy that the LMT forex formula system has finally signaled an entry. The entry was a buy EUR/USD at 1.3873 on the H4 chart. Well, I’m glad to report that my position has hit take profit for a total of 251...

• EUR/GBP – 03/03/2011

  On the daily graph the price ranges between 0-78.6, from this point forward  a break out will lead its way automatically to the level of...