GBP moves todayGBP histrionics intraday today as the BoE published the minutes from its September 20 Financial Policy Committee meeting. The pound fared generally worse in the wake of the minutes, as ...
AUDUSD remains in nominally bearish territory after a test of the key 200-day moving average resistance, but other technicals suggest it remains in pivot zone as we await the key FOMC meeting on ...
Weekly Trading Update (September 16, 2011)“A bad trade is a bad trade. You shouldn’t need a large loss to prove it.” – Steve Beaumont Hello: The goal in trading ...
EUR/AUD has just completed high Quality Down Channel chart pattern identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 8 bar level, as a result...
AUD/USD fell to 1.0180 during the early European morning as the market continued with the idea that the risk trade is a thing of the past. However, the level managed to hold strong during both Europe ...
Is that a bearish divergence I see on the 4-hour chart of EUR/AUD? With price lower highs and Stochastic making higher highs, it looks like it is! It seems to me that bulls are having a hard time ...
“Although there are, without doubt, setups in the markets for other traders, I am diligent to stick with what works for me. I want to maintain my discipline and self-control. I have to control ...
The very evident weakness in the markets is also shown in the euro – Australian dollar pair, especially against the background of the European debt crisis. The euro's very obvious weakness is ...
U.S. Dollar Trading (US) smaller than expected declines in the US August Chicago PMI at 56.5 vs. 53.5 forecast has led to many suggesting the US Manufacturing PMI will not be as bad as expected. ADP ...
“The markets will always be there tomorrow so there’s no use crying over a missed trade or chasing a trade because you think it’ll never happen again. Just be patient.” –...