Hi forex traders. Just a heads-up to let you know that the latest edition of the Currency Trader Magazine is out. 1. Click here to download the July issue. 2. Click here to download last month’s issue. If you do not already have the latest Acrobat version installed on your computer, download Adobe Acrobat Reader at http://get.adobe.com/reader/
July 2009 issue of Currency Trader magazine is ready to download
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AUDUSD’s upward move extended to 0.9175
AUDUSD’s upward movement extended to as high as 0.9175 level. Further rise towards 0.9221 previous high is still possible later today,...
Daily Forex Outlook - FED remains Dovish, USD Weak
U.S. Dollar Trading (USD) was on the back foot as stocks rallied around the world and the Federal Reserve left rates at 0.25% and stating that rates would remain low for an extended period of time. ADP October Employment Report was -203k vs. -188k previously. Also released, ISM Services forecast at...
AUD starting to feel tired
The AUD has been the second strongest major currency in recent months behind the fast-recovering pound but I feel the run is coming to an end. My reasons for turning neutral from bullish are Price- quite simply the AUD is not cheap anymore as it was against the USD at .63 and the EUR at...
Reflation deflation
The crowed reflation trade is coming a cropper with forced liquidation the theme of the morning. EUR/USD stops have been triggered below 1.40 and barriers have given way at 1.60 in cable. Same story in commodities, equities and bonds today with big reversals seen across the board as the first move...
USDJPY pulled back from 90.91
After touching the falling trend line from 93.75 to 91.87, USDJPY pulled back from 90.91. One more fall towards 88.50 area is...