US economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has ...forex.gftforex.com/public/item/273163
US Data Sends US Dollar Higher in Forex Trading, Gold Prices ...
Source: www.google.com
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The DOW…looks like I was right…again!
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,...
US Treasury’s Geithner talks fiscal responsibility
The tone emanating from the powers that be has certainly changed recently with comments moving away from worries over the banking system to promoting a more responsible fiscal stance when the economic recovery is firmly in place. Geithner’s comments today echo that fact saying that there are...
Cable continues higher
Cable is doing a good impression off the duracell bunny, just seems to keep on going. Presently at 1.6415. Next technical resistance now at 1.6430/35. Risk appetite in fine fettle. S&P futures up at high of day, up around 8...
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...
Forex: EUR/USD: Euro post weekly gains
Despite a decline on Friday, the Euro ended the week 0.79% higher against the Dollar. EUR/USD finished Friday trading in a range between 1.4830 and 1.4850. The Dollar failed to confirm a break below 1.4700 and on Wednesday the Euro rallied after the FED decided to leaves rates unchanged but on...