By Warren Seah Have you faced the following situations: 1) Feeling under pressure to let go of the trade when you are high on profits? 2) Do not know...
Harvest More Pips Today With MT4 Trailing Stop
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China relaxes rules to ease overseas investment
China’s foreign exchange regulator says it will change some rules to make it easier for Chinese companies to invest...
Just in case you are starting to get bullish- a cold bath from Andy Xie
Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments....
EUR/USD reaches 1.4301
Presumably there was another barrier at 1.4300 as EUR/USD reaches 1.4301 before a modest pullback. There was strong demand for currencies at yesterday’s fixing, it would not be surprising to see more today. The fixing is up momentarily. 1.4361 is next resistance, the late December...
EURJPY buying
Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above...
Chinese Vice Foreign Minister: No one is talking about “dumping the dollar”
China’s Vice Foreign Minister He Yafel says China has no intention of abandoning the dollar. Speaking at a news briefing on President Hu Jintao’s forthcoming trip to Russia, where he will attend an inaugural summit of the BRIC countries, He Yafel said that the idea of a super-sovereign...