Archive for November, 2007
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Thursday, November 15th, 2007Most new traders in any market fancy themselves as day traders, getting in and out of the market multiple times a day. They are under the impression that this style of trading is less risky because there is no overnight exposure. They also think that because their protective stops are close to their entries, they […]
DailyFX Forex Radio - Dollar to Trade off of Key CPI Data, Bank of England Forces Cable Selloff
Wednesday, November 14th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM111407.mp3
Key Points
· US Dollar sees upward momentum on Dow selloff
· Bank of England Sinks Cable, GBPUSD sees downward breakout potential in week ahead
· To see a full lineup of key events, be sure to visit our Forex Calendar on DailyFX.com
To discuss these or any other FX […]
DailyFX Forex Radio - Dollar Sell-off Resumes on Dow Jones Rally, Critical Event Risk Ahead
Tuesday, November 13th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM111307.mp3
Key Points
· US Dollar resumes sell-offs on strong rallies in global risky asset classes
· Upcoming London forex trading session to see significant economic event risk
· To see a full lineup of key events, be sure to visit our Forex Calendar on DailyFX.com
To discuss these or any […]
Sometimes the best trade is no trade at all.
Tuesday, November 13th, 2007There are many differences between new traders and professionals. But many of them have little to do with their expertise of the markets and more to do with their own actions. As an FX Power Course instructor, I get many emails from students who have had a bad trade and want to know what they […]
DailyFX Forex Radio - Dollar Downtrend to Continue? Upcoming Economic Data May Decide
Monday, November 12th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM111207.mp3
Key Points
· US Dollar improves on return to risk aversion, speculative sentiment points to renewed losses
· The overnight Tokyo session and morning London forex markets will see significant economic event risk
· To see a full lineup of key events, be sure to visit our Forex Calendar […]
Currency Regimes May be Tested in the Face of Dollar Weakness
Monday, November 12th, 2007Here is a great Weekly Article that David Rodriguez one of our Currency Analysts at FXCM writes on Mondays. It’s a compilation of bank research.
Link to Article
The USD has to some extent lost its safe-haven status in connection with the ongoing financial market turmoil. In part due to the weaker USD and lower interest rates […]
DailyFX Forex Radio - Dollar Recovers but Remains on Shaky Ground - Next Week Critical to Currency Markets
Friday, November 9th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM110907.mp3
Key Points
· US Dollar improves on carry trade unwind, but economic outlook worsens
· Canadian dollar shows noteworthy 9-week trading pattern
· Australian dollar offers attractive range trade possibilities
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Want to hear our PodCasts […]
DailyFX Forex Radio - Dollar Shows Resilience, British Pound Shows Overwhelming Strength
Thursday, November 8th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM110807.mp3
Key Points
· US Dollar pummeled speculation that Fed will cut rates in December
· European Central Bank and the Bank of England hold rates
· Trade the Canadian International Merchandise Trade balance report with the USDCAD
To discuss these or any other FX topics with the DailyFX analysts, check […]
How many technical indicators do you use….or need?
Thursday, November 8th, 2007Being one of the Power Course instructors allows me to see the charts that new traders use for their trading decisions as they will send them to us for our opinions. I must say that many of them are so cluttered with indicators, lines and how knows what else that I have a hard time […]
ECB rate decision/speech
Thursday, November 8th, 2007Trichet spoke this morning and as I wrote yesterday his speech was very important since any hint that inflation was still ECB’s primary concern could have sent the Euro to new record highs. Instead Trichet’s speech was rather mixed as he expressed concerns over both inflation and commodities/oil prices. The Euro didn’t “skyrocket” right after his speech […]
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