I`ve tried to explain this type of thing many times - i think there is not an 100% correct answer because if there was, we all would trade the same way. The bottom line is foreign exchange trading is not cause and effect trading. Currencies lead and lag and relationships sometimes heavily correlate and other times [...]
Foreign exchange trading is not cause and effect trading
Source: www.aforexloser.com
- Tags:
- Psychology
Read more...
FOREX-Dollar gains, cheered by US jobs report
By Gertrude Chavez-Dreyfuss NEW YORK, June 5 (Reuters) - The dollar on Friday posted its largest one-day gain against a basket of currencies in more than ... See all stories on this...
Usd/Jpy reverses course as Bond yields fall
Usd/Jpy came under fire immediately after hitting 98.20 as bond futures reversed their fall, with the 30 year future up almost a point and half from their payroll inspired lows. 97.65 now trades with bids seen in the 97.50 area and then...
FOREX-Dollar rebounds broadly, euro hit by weak data
NEW YORK, June 12 - The dollar rose on Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial ... See all stories on this...
Philippine Stock Exchange Composite Index (PSEi) Clings To The 200-Day Moving Average
Let’s take a look at the chart of the Philippine Stock Exchange Composite Index (PSEi) once again. Based on my technical analysis the...
Major investment bank going short EUR/USD
The guys over at Citibank have been having the same problems as myself the last few weeks, they are being chopped around in the wash. Nevertheless they always think their technical, fundamental and market arguments through before putting on a trade. They have gone short EUR/USD at 1.3800, with a...