Archive for October, 2007
« Previous Entries Next Entries »DailyFX Forex Radio - US Dollar Reverses on Dow Rallies - Will a Durable Goods Report Shift Sentiment?
Wednesday, October 24th, 2007· US Dollar initially rallies on rising risk aversion…
· But dollar clearly hurt by expectations that the Fed will cut by 50 basis points on October 31
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EUR / AUD - Still Selling Off?
Wednesday, October 24th, 2007Could there be slowing in the selling momentum for EUR/AUD? Check out the Daily chart and look at the support the pair ran into.
The area roughly between 1.5750 and 1.5650 is a cluster of congestion and naturally acting as support. The price action ran into it and bounced upwards (at the time of this posting). […]
DailyFX Forex Radio - US Dollar Falls - What Will Tomorrow’s Existing Home Sales Bring for the Greenback?
Tuesday, October 23rd, 2007· US Dollar pulls back on speculative interest
· What will tomorrow’s Existing Home Sales report bring for the greenback?
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EURUSD - update
Tuesday, October 23rd, 2007I wrote last night that I had bought one EURUSD lot at 1.4159 in the pullback that occurred yesterday morning (after the Euro peaked at all-time highs). Shortly after writing that post, I doubled up at bought another lot at 1.4183. The first lot is now up 113 pips and the second lot 94 pips. […]
If you risk too much, you can lose too much.
Tuesday, October 23rd, 2007We often talk about the money management aspect of a trade. Naturally, we recommend using a 1:2 risk:reward ratio, which means to look for two pips of profit for every pip risked on a trade. But often the question of how big of a position to open and how many different trades one […]
Monday, October 22nd, 2007
Last night the EURUSD pair reached all time highs and quickly reversed trading all the way down from 1.43 to 1.413. I decided to take advantage of this pullback and bought one lot at 1.4159. I believe there is a good chance for the Euro to trade back up to 1.44 and even potentially 1.45 if the Fed […]
DailyFX Forex Radio - Dollar Posts Stongest Single-day Rally Since 2005, Japanese Yen Surges
Monday, October 22nd, 2007· US Dollar surges on risk sentiment, improved rate expectations
· Canadian dollar finally softens against the greenback - how will USDCAD respond to Tuesday’s retail sales data?
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DailyFX Forex Radio - US Dollar Sets Record Lows, Canadian Dollar Sets Record Highs - What Happened?
Friday, October 19th, 2007· US Dollar tumbles on falling bond yields, G7 expectations
· Canadian dollar sets 31-year highs, will the rallies keep on coming?
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DailyFX Forex Radio - Dollar Plummets Ahead of G7 Statement, Canadian Dollar to Move on Friday’s CPI Data
Thursday, October 18th, 2007· US Dollar tumbles as G7 expectations, rate differentials weigh on the downtrodden currency
· Will Canadian CPI force a major reversal in the USDCAD?
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G7 Meeting - How to Trade It
Thursday, October 18th, 2007Currency trading markets are likely to see extensive volatility in the week ahead, as forex speculators are largely unsure of what to expect from the weekend’s G7 summit in Washington DC. The event has historically forced extensive moves in the Japanese Yen and other major currencies, and this particular meeting should be no exception. Indeed, […]
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