Forex trading basics are either tough or easy depending on whom you ask. The best traders will make it look easy. That's because they've got the.
Forex Trading Basics – Learn Social Trading | DIY Solar Panels
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Greek gloom on decision day
Greeks overwhelmed by austerity measures say they cannot see a solution to the country’s problems even if euro zone finance ministers sign...
Reflation trade on fire after payrolls
Stocks are surging, oil is above $70, gold is back above $980 and the dollar is falling versus the majors except the yen. The global reflation trade is trumping good US-specific news in terms of the dollar. EUR/USD has reached 1.4265 thus far and USD/JPY 97.52. We are well above the 200-day average...
Yen cross selling sees USDJPY back under 98.00
Selling of Yen crooses has weighed on the USDJPY sending it back below 98.00 and towards the first line of support at 97.80. There are some range traders on the bid here at 97.80. However Japanese traders are looking at 97.50 as the pivot point with the base of the ichimoku cloud coming in at...
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...
More put buying by the Big Guns
A US investment house has been a big buyer of 1.3600 puts today, expiring a week from tomorrow. Last week they bought a half-yard of 1.3800 puts which roll off tomorrow. They are now sellers of spot on rallies to 1.3900, dealers report. This same name was an aggressive buyer of EUR/USD above the...