Start packing your bags Gordo!!!
Tories crush Labour in Norwich North by-election
Source: www.forexlive.com
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Just ignore the yellow bit
Wouldn’t it be great if you could just go back an erase the perverse price action that wrecks otherwise perfectly good chart patterns? Just ignore that yellow highlighted part on the hourly EUR/USD chart and you have a head-and-shoulders top playing out. The measured move objective is...
EUR/USD firmer; China noted
EUR/USD is making some pretty good ground in early European trade. The pairing is being underpinned by decent risk appetite, realisation US rates won’t be raised anytime soon, and by an improving situation in the Baltics. Sources report China has been buying fairly agressively in this latest...
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....
Price action taking its toll
Lots of grumbling out there from both the professional and individual trader community today as prices rally and reverse and then slide and reverse. After lots of to and fro but not much new from a fundamental perspective to cling to. The main headlines today (Russia and Brazil cozying up to the...
Dukascopy Morning Forex Overview - Sept 10 09
Previous session overview The dollar extended its losses against the euro and yen in Asia Thursday as Asian asset management funds and short-term players sold the U.S. unit on mounting concern that the country’s economic recovery may be slower than expected. Those fears, triggered by a...