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One of the leading causes for the failure of many businesses is their lack of planning. I think most successful people would agree that if you want to be successful in life and business you need to have a plan for how to obtain that success, set goals to meet along the way, and then [...]
Investors and traders around the world are looking to the Forex market as a new speculation opportunity. But, how are transactions conducted in the Forex market? Or, what are the basics of Forex Trading? Before adventuring in the Forex market we need to make sure we understand the basics, otherwise we will find ourselves lost [...]
A forex secrets can easily make the difference between you being a profitable trader. The advantages of having a detailed trading system to follow are endless. To be successful trading forex with forex secrets all you need to do is find a simple method that works and keep following it. The thing is profitable trading [...]
The GBPUSD is up testing the 50% retracement of the move up from the January 25th low to the February high, and the underside of the trendline which was broken today (trendline from the same low on January 25th). The market is at a crossroad. Staying below keeps the bearish bias. A move above will [...]
With Mabarek’s resignation, a reversal in Gold would be expected on the idea of less tension should lead to less demand for safe haven assets like gold. The price has indeed fallen, but the price remains above the 100 hour MA at the 1359.50 level. As a result, the technicals are still fighting between the 100 [...]
The USDCHF broke above the 100 day MA today. If the price can close above this level today (0.9685), this will be the first close above the MA level since June 25th 2010. That is signficant and the price action has reacted accordingly today with prices moving steadily higher. Of coures, breaks higher (or lower) [...]
If you would like the PDF report of “The Week Ahead” used to create this video, you can opt in to the Daily FXDD Forex commentary email distribution list by sending me an email at greg@fxdd.com Have a great weekend, Greg Michalowski
The FXDD Weekend Forex Technical Commentary takes a look at the major currency pairs and outlines the key technical levels that should shape the directional bias in the new trading week. Traders can use it as the basis for their strategy for the new trading week. The currency pairs covered in the report (in the [...]
FRANKFURT -(Dow Jones)- Banks lowered their use of the European Central Bank’s overnight deposit facility, ECB data showed Friday, but excess liquidity remains high going into 2011. At the same time, banks borrowed sharply less from the ECB’s emergency 1.75% marginal lending facility, following the ECB’s special 13-day refinancing operation Thursday, the data showed. Financial [...]
TOKYO -(Dow Jones)- Japan’s government on Friday approved a record level of spending in its budget proposal for the next fiscal year, but still managed to adhere to its self-imposed fiscal reform targets for spending and new bond issuance. The government’s initial budget for the fiscal year beginning April 2011 contains Y92.412 trillion in total [...]