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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.

Thursday, 4 April 2013

Dollar extends rally vs. yen, off highs vs. euro

The dollar extended a rally against the yen on Thursday after the Bank of Japan aggressively stepped up easing measures, while the euro rebounded after falling to four-month lows against the greenback earlier in the session. During U.S. morning trade, the dollar extended gains...

Forex - EUR/USD rebounds from 4-month lows

The euro rebounded from four-month lows against the dollar on Thursday, erasing losses made during a dovish press conference by European Central Bank President Mario Draghi. EUR/USD pulled back from 1.2747, the pair’s lowest since November 21, to hit 1.2869 during U.S....

Forex - GBP/USD erases losses on BoE statement, U.S. data

The pound erased losses against the U.S. dollar on Thursday, after the Bank of England left its monetary policy unchanged, while disappointing U.S. jobless data weighed on the greenback. GBP/USD pulled away from 1.5034, the pair's lowest since March 20, to hit 1.5167 during...

U.S. stocks opened higher on Thursday, despite the release of disappointing U.S. jobless data and following downbeat comments by European Central Bank President Mario Draghi.  During early U.S. trade, the Dow Jones Industrial Average added 0.16%, the S&P 500 index...

Forex - EUR/USD hits fresh 4-month lows after Draghi

The euro fell to four-month lows against the dollar on Thursday after European Central Bank President Mario Draghi said monetary policy will remain accommodative for as long as is needed. EUR/USD hit 1.2747 during European afternoon trade, the pair’s lowest since November...

Draghi Hints About a Rate Cut – EUR/USD Plunges

ECB President Mario Draghi used the words “monitoring very closely” in regards to the economic situation, that has deteriorated. This possible hint of a rate cut in May or June sent the euro plunging down towards the low support line of 1.2750. Draghi also cast a bit of doubt...

EUR/USD April 4 – Lower Ahead of ECB Meeting

EUR/USD is lower in Thursday’s European session, as the pair has dipped below the 1.28 line. The markets are waiting for the ECB interest rate announcement and comments by Mario Draghi, the head of the ECB. In other economic news, Spanish and Italian Services PMIs rose slightly,...

U.S. initial jobless claims rise by 28,000 to 385,000 last week

The number of people who filed for unemployment assistance in the U.S. rose more-than-expected last week, hitting a 16-week high, official data showed on Thursday.  In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits...