Archive for November, 2007
« Previous EntriesDailyFX Forex Radio - Dollar Unexpectedly Rallies into Friday’s Close, Can it Continue Through Next Week?
Friday, November 30th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM113007.mp3
Key Points
· Dollar rallies strongly into forex trading’s fiscal year end
· Next week critical for dollar performance, what might we expect in currency markets through December?
· Event risk continues through tomorrow, monitor economic data with the DailyFX forex calendar
To discuss these or any other FX topics […]
DailyFX Forex Radio - Dollar Weathers Dismal Housing Numbers, Key Event Risk Awaits on Friday
Thursday, November 29th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM112907.mp3
Key Points
· Dollar shows signs of life despite dismal New Home Sales data
· Will Friday’s Canadian GDP report take the Canadian dollar below parity?
· Event risk continues through tomorrow, monitor economic data with the DailyFX forex calendar
To discuss these or any other FX topics with the […]
If you enter on the hourly chart, exit on the hourly chart.
Thursday, November 29th, 2007Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around. Then if the market continues to move against them, […]
DailyFX Forex Radio - Dollar Tumbles on Fed Rate Cut Prospects, Volatility to Continue Through Tomorrow
Wednesday, November 28th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM112807.mp3
Key Points
· Dollar tumbles on Dow Jones Industrial Average rallies
· Fed Vice-Chairman Donald Kohn speech boosts likelihood of FOMC Rate Cut
· Event risk continues through tomorrow, monitor economic data with the DailyFX forex calendar
To discuss these or any other FX topics with the DailyFX analysts, check […]
Great New Forex Site From Thomson
Wednesday, November 28th, 2007FXCM and Thomson Financial have a great working relationship.
Thomson’s IFR Forex Watch product is one of the most respected foreign exchange market commentary services in the world. (and available free to FXCM’s retail trading clients).
Recently, Thomson created a free Forex website designed for both retail and institutional traders www.thomsonfxhub.com I like the […]
Entry Points
Wednesday, November 28th, 2007A few days ago I entered a pretty bad trade. This trade turned out bad because of my entry point. I had a long position in the EuroUsd from 1.4812 that got closed for some reason (neither my stop nor my limit were hit and I didn’t close the trade manually). So, in the morning […]
DailyFX Forex Radio - Dollar May Rally on Overnight Financial Times Report, Proves Resilient on Dismal Consumer Confidence Data
Tuesday, November 27th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM112707.mp3
Key Points
· Dollar prospects improve on significant foreign investment in Citibank from $1.2 trillion dollar Sovereign Wealth Funds
· Durable Goods Orders and Fed Beige Book to dominate tomorrow’s event risk
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Want to […]
I bought and now the MACD is moving down, so should I get out?
Tuesday, November 27th, 2007I get questions like this all the time from new traders who are taking one of the FX Power Courses. They may have bought on a crossover of the MACD, but now the MACD is moving down and they want to know if they should get out of the trade. Of course, I will ask […]
DailyFX Forex Radio - Currency Market Volatility Likely to Pick up in Week Ahead
Monday, November 26th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM112607.mp3
Key Points
· US dollar remains resilient through Monday’s trade, what’s in store for tomorrow?
· Consumer Confidence figures may set the tone for a busy week of event risk
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Want to hear our […]
How Does the US Dollar Perform Over the Month of December?
Monday, November 26th, 2007Seasonality studies have long been one of the favorite indicators among futures traders, but despite the fact that seasonal trends do form in the FX market, this type of study is largely overlooked by currency traders. Last year, we published an article on how the U.S. dollar has been performing during the month of December […]
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