For all you doubters out there I hope you start to listen to me sooner than later. I tried to tell everyone late yesterday to position themselves for a DOW pullback. If you only half-ass listened you would have made no less than a 50 pip profit in any USD paired currency. Maybe even more than 50, than is just where things currently stand.
The DOW…looks like I was right…again!
Source: www.forexlive.com
- Tags:
- All
Read more...
Look for an Algo afternoon
In the forex market we don’t get the dog days of summer, we get the algoritim days of summer. Especially after a day like today, most treaders will head to the sidelines . That doeasn’t mean markets will quiet down. In fact, it often means quite the opposite. Machines are bloodless and...
Brazil cuts rates by 100bps
In an unexpected move, Brazil has cut rates by 100bps to 9.25% with policymakers obviously still worried about the ongoing...
Dukascopy Morning Forex Overview - Oct 12 2009
Previous session overview The dollar rose against the yen and the euro in Asia Monday, building on gains posted Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed is ready to tighten monetary policy once a recovery takes hold in the world’s largest economy. With...
X5 Retail Swings To 1Q Net Loss On Forex Charge
"We...used our strong cash position as an opportunity to bring down debt and eliminate short-term forex exposure, while continuing selective expansion," ... See all stories on this...
FOREX VIDEO - Pre London Outlook September 24th 2009
Hi everyone, with lots of news today it’s left our charts in a somewhat of a technical shambles. However it does look like we are about to see a dose of dollar strength. As weak as the dollar has been over the last month, moving forward in a conservative cautious manner makes the most sense. For...