By ForexYard - Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength...
Crude Oil Prices Surprise with Bullishness as USD Weakens
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New Zealand leave rates unchanged
The NBNZ left rates unchanged earlier this morning amid signs that the severe recession is easing in the land of the long white...
Lots of buyers in the AUD/USD
As we mentioned earlier this morning, all the weak stops were triggered in the AUD/USD below .7875 last night in early Europe and now there are lots of buyers emerging from the woodwork. The AUD/USD has jumped from .7880 to .7930 already this morning and one dealer I spoke with sees it going to...
AUDUSD stays in a trading range between 0.9157 and 0.9381
AUDUSD stays in a trading range between 0.9157 and 0.9381 and the price action in the range is treated as consolidation of uptrend from 0.8577 (Feb...
Dukascopy Afternoon Forex Overview - Oct 20 2009
Previous session overview The euro remained stronger against the dollar in morning New York trading Tuesday, but has pulled back from overnight highs near the psychologically important USD1.50 mark after weaker-than-expected U.S. housing data dented risk appetite. However, the common...
Day-range strategy is improved by removing profit target. Profit distribution may lose second moment.
I continue developing ways of using Danica's output for profitable trading. The strategy of combining protective stop with a profit target, setting these at the extremes of the previous trading day and trading in the direction of the forecast (referred to as the Day Range strategy and reported in...