FOREX VIDEO - Pre London Outlook August 7th 2009

Source: blogs.fxstreet.com

Hey everyone. With another NFP a few hours away this is not a time to be ultra aggressive in the market. Today I take a look at the Pound Yen and Cable; both are a very similar trade plan. I hope you enjoy this video, it’s interesting analysis in that I make extensive use of multiple times frames and lots of Fibonacci work. Please leave me some feedback and enjoy the video. Good luck at NFP. David Pegler


Read more...

  • News of protester death in Iran spooks market

    Dealers are also saying that news of at least one protester death in Iran has reignited fears of a protracted conflict and this in turn is aiding risk aversion across all...

  • June 5, 2009

    Hello all, As expected we are having pullbacks on almost all our pairs and are getting ready for new entries. See below for the pairs we are watching. "MUCH movement on all pairs today which will be setting up many pairs with new Drop In entries in the coming hours. This is the time to be alert....

  • Foreign Exchange

    Foreign Exchange , "FX" or "Forex", is the largest financial market in the world, where the trading of main currencies takes place 24 hours a day, ... See all stories on this...

  • The Greenback Weakens despite Positive Data from U.S

    Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import Prices indicator at 12:30 GMT, and the publication of the U.S. Consumer...

  • USD/JPY Rises after Disappointing Core Machinery Orders Data

    By Fast Brokers - The USD/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from...