DailyFX Forex Radio - Bernanke’s Forecast For A Recession Weighs Dollar, Overshadows Dour UK Housing Data
By DailyFX Radio | April 2, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM040208.mp3
Key Points
· Bernanke testimony calls for rising unemployment, deeper housing slump and a recession; are market forecasts of a 25bp cut reasonable?
· UK housing market crumbles as mortage approvals, construction activity and equity withdrawals plunge.
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DailyFX Forex Radio - Dollar Finds Relief From Risk Trends, Bernanke Testimony May Feed Rate Speculation
By DailyFX Radio | April 1, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM040108.mp3
Key Points
· Dollar boosted as headlines show that the dollar isn’t shouldering the financial crisis alone.
· A lull in event risk Wednesday will highlight Bernanke’s views on the US economy and focus speculation heading into Friday NFPs.
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DailyFX Forex Radio - No End Yet In Sight To Credit Crunch, RBA Decision And US ISM Promise Action
By DailyFX Radio | March 31, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM033108.mp3
Key Points
· ECB finds support for hawkish policy stance in highest CPI reading in 16-years.
· ISM Manufacturing report offers dollar traders their first taste of top market moving event riskk this week.
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Start at the top and work your way down.
By Tom Long | March 31, 2008
One of the important points we teach in the FXCM Power Courses is to trade in the direction of the trend on the daily chart. We recommend only trading the strongest trends as that is where you are likely to find the best trading opportunities. After having identified a strong trend on the daily chart, we then recommend moving down to an hourly or 4-hour chart to find your entry and exit, but only in the direction of the daily trend. Too often though, new traders lose their way and start with the short-term charts to find a trade and then move up to the daily chart to justify their choice. But this approach is not as effective as starting with the daily charts to find the strongest trends. These new traders want action and seem to be able to squeeze a trade out of the market even if there are few solid opportunities. This of course lowers the win percentage and profitability of your approach. We must start with the daily chart first and stick with the most obvious trends. Then if you move down to the intraday charts of those strongest trending markets and no trades are setting up, you must exercise discipline and patience to stay out of the market and not force a trade. Being okay with staying out of the market is key to long-term success. The idea is to trade the strongest setups instead of always being in a trade. So make sure your goals are prioritized to increase your chance of success and only trade when you have the best chance of winning.
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DailyFX Forex Radio - Data Puts Pound Strength In Question, Fed Chatter Holds The Dollar
By DailyFX Radio | March 27, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM032708.mp3
Key Points
· Scheduled data disappoints pound though news the largest mortgage lender is boosting rates was the real concern.
· Japanese docket lined with top tier but imponent indicators, German CPI a policy guide though lacking a release time.
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
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DailyFX Forex Radio - Data Weighs On Dollar, IFO And Trichet Boost The Euro
By DailyFX Radio | March 26, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM032608.mp3
Key Points
· Dollar back on the chopping block with disappointing housing and business spending data.
· Euro rallies back to 1.58 as data and ECB President Trichet confirm the Euro-Zone’s strength.
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DailyFX Forex Radio - Dollar Loses Its Risk Appeal As Data Draws A US Closer
By DailyFX Radio | March 25, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM032508.mp3
Key Points
· Dollar can’t hold its risk correlation with consumer confidence and housing data souring?
· Economic docket holds event risk for Dollar, Euro and Kiwi tomorrow.
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
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Take a step back to see the big picture.
By Tom Long | March 24, 2008
One issue I see with many new traders is that they use the shortest time frame charts to make their trading decisions. It is typical to see new traders use a 1-minute or 5-minute chart because they think that their risk is lower. Since they risk less on each trade, they must be better off. The problem is that these trades found on these charts usually result in more risk as you can have many losing trades in a row because of the volatility on those charts. In our FX Power Courses we recommend trading off of the hourly or 4-hour chart in the direction of the trend as seen on the daily chart. This way you are trading with the momentum of the market and are able to be in on some of the bigger moves that these markets are known for. Those big spikes on the 5-minute chart are easily explained on the longer-term charts as they usually are within a bigger move. So start with the daily chart to identify the direction of the trend and then move down to the hourly or 4-hour chart to find your trade. If the trend is up, then only look for buys and if the trend is down, then only look for sells. This does keep your risk acceptable and the potential profit big enough to cover those losing trades.
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DailyFX Forex Radio - Dollar Ends The Week Higher On Risk Aversion, Can Fundamentals Carry The Rebound?
By DailyFX Radio | March 21, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM032108.mp3
Key Points
· Dollar ends the week with major rebounds against major counterparts, will data sustain the rally?
· Holiday liquidity quickly neutralizes the market, but risk could quickly revive volatility next week.
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
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DailyFX Forex Radio: Market Squares Dollar Shorts, Loonie And Pound Top Market Movers For The Day
By DailyFX Radio | March 20, 2008
Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM032008.mp3
Key Points
· Traders square their books before the holiday weekend, giving the dollar a boost despite sour data.
· Fundamentals lead traders to reconsider UK and Canadian growth forecasts.
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
To chat with us and other traders about currency trading, visit our very popular Forex Forum
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