FOREX VIDEO - New York Session Review - November 18, 2009

Source: blogs.fxstreet.com

Lower than normal volatility was the norm during today’s New York session for currencies and U.S. equity indexes alike. However, there were still opportunities to realize profit in the foreign exchange market. For example, a long trade setup on the EUR/USD currency pair produced between 15 to 45 pips [depending on entry and exit strategy]. Curt Wehrley FX Bootcamp’s Quantitative Analyst


Read more...

  • EUR/USD Down for a Second Day as Productivity Grew

    EUR/USD continued to fall today as the ECB kept interest rate unchanged and the U.S. productivity in the first quarter of 2009 rose faster than expected. The currency pair is now trading near 1.4121. Initial jobless claims were at 621k last week, down from 625k...

  • Trading Currencies in Volatile Economies

    Trading Currencies in Volatile Economies-understanding how market economics affects currency prices.   It is already a well known fact that the foreign exchange market moves very fast. The truth is that there are many other financial markets which are risky to predict. Maybe you would like to...

  • Does Forex evolve towards efficiency?

    During the past 10 years, liquidity in the FX markets is known to have been growing. One might expect that various non-commercial participants, including those with capabilities to research, fund and execute systematic and algorithmic trading strategies, exhaust the alpha-generating potential of...

  • Downgrades in Europe

    By TraderVox.com Tradervox (Dublin) - The EUR/USD opened the day negative pushing the currency pair to four month lows of 1.2656. The...

  • West Lb denies was in danger

    West LB, the German bank, denies it nearly went bust over the weekend (of course). Reuters reported earlier today that the Bank received an additional EUR 4 bln in guarantees from the state and other owners. Whether or not a failure was imminent, it is a reminder that European banks have done less...