The traders who entered the long transaction suggested on yesterday’s trading session reached the 1st level to “Take Profit”....
“Real-Forex” daily market analysis
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Nikkei and Kospi both over 1% lower in early trade
The Japanese and Korean equity markets have picked up again on the negative sentiment from yesterday and are both over 1% lower in early...
Monetary Policy Week in Review – 24 Dec 2011
The past week in monetary policy featured decisions from 8 central banks around the world from Europe to Africa. Those that changed...
Stops outweighing bids in USD/JPY
Dealers report heavy selling of USD/JPY which the bids at 97.50 have not quite been able to soak up, 42 the low so far. Corporate offers have been lowered so expect stiff resistance at 98.10/20 on any...
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...
Forex Trading - 2 Effective Indicators You Can Use On The Long ...
People trade the forex markets using various different time frames. Some traders like to scalp the markets using the 1 minute or the 5 minute chart, whilst others prefer to take positions on the daily or weekly chart, for instance. However it's generally the longer term traders who turn out to be...