Archive for December, 2007
« Previous Entries Next Entries »DailyFX Forex Radio – Dollar Falls on Fed Announcement, Key Currency Event Risk Ahead
Wednesday, December 12th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM121207.mp3 Key Points · US Dollar Falls on Fed Plan , momentum weighed to the downside · SNB Rate Decision and US Advance Retail Sales may force major movements through tomorrow’s currency trading To discuss these or any other FX topics with the DailyFX analysts, [...]
Be careful what you ask for….you just might get it.
Wednesday, December 12th, 2007When we start one of our FX Power Courses, we ask new students to introduce themselves and let us know a little bit about their trading interests. If you take their explanations at face value, you would be surprised at what you hear. Some are there for the excitement of trading, while others are there [...]
DailyFX Forex Radio – Fed Cuts by 25bp but US Dollar Rallies, Canadian Dollar to see Further Volatility
Tuesday, December 11th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM121107.mp3 Key Points · US dollar rallies on Fed Rate Cut, but Japanese Yen dominates · FOMC statement hints at further cuts, but Dow Jones loses over 300 points through the close To discuss these or any other FX topics with the DailyFX analysts, check [...]
A loosing trade
Monday, December 10th, 2007In my past entry, I wrote about a poor trade I entered about a week ago. I purchased 3 lots of EURUSD at about 1.4920, expecting to climb all the way to 1.50. Instead, the Euro retraced back down. I kept my trade open for a few days expecting it to rally back, but instead the [...]
DailyFX Forex Radio – Fed Decision to Dominate Currency Markets, but Watch out for UK Data
Monday, December 10th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM121007.mp3 Key Points · US dollar declines ahead of the Fed – but Pending Home Sales brighten economic prospects? · Four scenarios for the Fed, but US dollar sees two equally likely outcomes To discuss these or any other FX topics with the DailyFX analysts, [...]
Trade Directly Through Charts?
Monday, December 10th, 2007Up until recently, the few choices traders had (outside of FXCM) to place trades directly through charts was plagued by: Poor execution quality/pricing and/or, Unstable or poorly designed technology Now that’s all changed…if you haven’t already, check out our newly revamped MarketScope charting package that comes free with our Trading Station platform. If you want [...]
DailyFX Forex Radio – Non Farm Payrolls Signal Smaller Fed Rate Cut, Significant Event Risk in Week Ahead
Friday, December 7th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM120707.mp3 Key Points · Currency trading markets prove indifferent to NFP data, dollar risks to the downside? · Time for the FOMC meeting! Will the Fed deliver 25 or 50 basis points of rate cuts? To discuss these or any other FX topics with the [...]
DailyFX Forex Radio – Traders Await Critical Bank of England and European Central Bank Decisions, Dollar Remains Bid
Wednesday, December 5th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM120507.mp3 Key Points · US Dollar sees upward momentum on stronger-than-expected ADP Employment Change Data · Upcoming European Central Bank and Bank of England rate decisions to drive considerable volatility across major currencies · US Treasury Secretary Henry Paulson announced mortgage bailouts, could this help [...]
Interest rates are an FX trader’s best friend.
Wednesday, December 5th, 2007Once a new trader comes into one of our FX Power Courses they want to know the tricks of the trade. Many will ask if there is one thing that has a mystical power over the currency pairs and if they learn that, it will make them a better trader. Most are kidding, but imagine [...]
DailyFX Forex Radio – Bank of Canada Jolts Currency Trading Markets, Key US Event Risk Ahead
Tuesday, December 4th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM120407.mp3 Key Points · Canadian dollar steals currency trading spotlight on Bank of Canada rate cut · Upcoming US economic data will likely drive significant volatility across currency trading markets · Could the Fed really cut by 50 basis points? To discuss these or any [...]
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