Trading or investing in Forex, requires sufficient understanding of the laws of supply and demand. Supply is the measure of how much a particular currency is.
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Levels to watch in EUR/USD
As I indicated in yesterday’s wrap-up, I’m not entirely sure whether the market would greet an upbeat US employment report by adding to the reflation trade (and selling the dollar) or take the data at face value and buying it. Best be prepared for any scenario by looking at important...
AUDUSD: Intraday Views
The Break out above 8130 overnight sent AUD above 82c, pretty much as we mentioned it would yesterday. The AUD has been supported by Commodity buying and strong economic data over the last few days. On the day 8130 - 8230 is my range. I have been bullish over the last few days buying on dips but i...
Trouble for Phil Falcone
the billionaire hedge fund harbinger capital’s manager, phil falcone – has reportedly taken out a 190mm loan from the jeffries group...
Fiat takeover of Chrysler runs into problems
It looks like the proposed takeover of Chrysler by Italian car giant Fiat is running into a few problems, with Fiat telling the US supreme court that Chrysler could be forced into liquidation if the sale is not completed by June 15th. Earlier the group of Indiana Pension Funds had urged the high...
Good News for Hedge Funds in May
Finally, hedge funds had a good month! According to Eurekahedge reports, May is the “best month in nine years.” The Singapore-based data provider’s Eurekahedge showed that Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000. The index is now...