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Develop a habit of reviewing and analyzing

Develop a habit of reviewing and analyzing your good and bad trades. Then you will have a much better sense of what will work best in your future trades.

Sunday, 24 February 2013

EUR/USD Within Friday's Range This Morning

25 February 2013, 06:30 EUR/USD Open 1.3190 High 1.3248 Low 1.3144 Close 1.3188 On Friday Euro/Dollar traded within 100 pip range. The European currency depreciated from 1.3248 to 1.3144 on Friday, matching the negative money flow sentiment at nearly -17%, closing the week at 1.3188. This morning the Euro is trading quietly, with movements within Friday's range for now. On...

Forex - GBP/USD slides following Moody’s downgrade

Sterling continued weakening against the greenback during Monday’s Asian session after Moody’s Investors Service stripped the U.K. of the prestigious AAA credit rating last Friday. In Asian trading Monday, GDP/USD dropped 0.34% to 1.5123. The pair was likely to find support...

Forex - GBP/USD weekly outlook: February 25 - March 1

The pound dropped to two-and-a-half-year lows against the dollar on Friday after ratings agency Moody’s cut the U.K.’s triple-A sovereign rating and dovish Bank of England minutes boosted the likelihood of more stimulus measures.GBP/USD hit 1.5129 on Thursday; the pair’s lowest since July 2010, before settling at 1.5174 at the close on Friday, down 0.50% and 2.0% lower for...

Forex - EUR/USD weekly outlook: February 25 - March 1

The euro hit six-week lows against the dollar on Friday after the European Central Bank said lenders would repay less than half of the expected amount in emergency loans, while uncertainty ahead of Italian elections also weighed.EUR/USD hit 1.3147 on Friday, the pair’s lowest...

Forex - Weekly outlook: February 25 - March 1

The euro hit a six-week low against the dollar on Friday after euro zone banks said they would repay less than half of the expected amount in emergency loans from the European Central Bank, while uncertainty ahead of Italian elections also weighed.The ECB said banks are to pay...