FOREX VIDEO - New York Session Review - Sept 1, 2009

Source: blogs.fxstreet.com

Risk aversion had been the primary theme in global financial markets during today’s London session. An attempt by bulls to wrest control from the bears after the release of better than expected US news proved futile during the New York session. Traders who waited patiently for the post-news volatility to subside before shorting the EUR/USD currency pair, were rewarded with a profit of at least 90 pips before the London close. Curt Wehrley FX Bootcamp’s Quantitative Analyst


Read more...

  • CAD and oil hour-scale correlation: it's safer to rely on CAD

    In the recent forex/CFD data, USD/CAD is negatively correlated with light oil (WTI) CFD. This is the same as saying that CAD, one of the commodity currencies, is positively correlated with oil. This is old news. In this article I take a deeper look at the issue and analyze the shape of the...

  • GBPUSD rebounded from 1.5535

    Being supported by the rising trend line from 1.4346 (Jun 8 low) to 1.5124, GBPUSD rebounded from 1.5535 level. Now the pair is forming a...

  • FOREX VIDEO - European Outlook October 21st 2009

    Hi everyone. Looking at the charts today I found a fairly mixed market and I’m hard pressed to put forward a direct market bias, particularly for the USD. In light of this I take a look at the Euro Pound for relative strength clues and then breakdown the Euro USD into bite size pieces and outline...

  • Consumer Price Index Rises

    The consumer price index rose 0.4% last month while the core inflation, which removes the costs of food and energy and is a more favored reading...

  • The Best Investment Opportunities in India

    Presently it has been found that most developed countries are increasing their investments in India. The reason behind this is the varied...