“Real-Forex” daily market review

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USD/JPY   Daily graph:  http://www.real-forex.com/charts-daily/DEC2010/JPY_DAILY_011210.JPG The pair stopped a 4 weeks uptrend after it...


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  • Japanese current account surplus -54.5% YoY

    The expectation for the April c/a was for -39% but as usual these figures have had little or no effect on the FX market, at least in the short term. When the market steps back and analyses data such as this, it will think twice about buying JPY in the current environment. If the only reason to be...

  • Forex Money Rain?

    Money Rain Corporation is a Forex broker with a MetaTrader 4 platform that offers quite interesting conditions to its traders. Its description was uploaded to my site today. MRC offers trading mini accounts from $100. The most interesting advantage it has...

  • What information does a forex trading system need to communicate to the user?

    As any computer program, a forex trading system has input and output. This post is about the output -- what should be in it? What are the guiding principles of this communication? Here are the basic principles as we see them now: Regularity. Communicate actions, not prophecies. Communicate actions...

  • China May Industrial Output +8.9%, Retail Sales on year +15.2%

    As Leaked to the press the other day, China’s May Industrial Output came in at +8.9%. Forecast was +7.5%. The data provides further confirmation that the governments spending and partial recovery in exports are proving supportive for manufacturers. Retail Sales +15.2% yr/yr. Market...

  • AUD/JPY intraday seasonality overview, 2003-2010

    This report continues a new series of reports about intra-day "seasonality" effects in FX. Like in EUR/USD, the hourly movements in AUD/JPY do not precisely average to zero for every hour of the day. Moreover, there appears to be a statistically preferred time to bet on a trend reversal in AUD/JPY....