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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.

Wednesday, 1 May 2013

GBP/USD Unable to Break Resistance Despite Upbeat Manufacturing PMI

Manufacturing PMI in the UK exceeded expectations and rose from 48.6 to 49.8 points. No change was expected. GBP/USD was able to climb to higher ground and reach 1.5590 but couldn’t make it to 1.56, which served as a support line many times in the past, and now works as resistance. 1.55 serves as support. For more lines, see the GBPUSD forecast. Markit, that released...

London’s FTSE 100 extends gains after upbeat PMI report

 London’s FTSE 100 extended gains in quiet trade on Wednesday, after data showed that the contraction in the U.K. manufacturing sector slowed in April. Trade volumes remained thin, with many markets in Europe closed for the Labor Day holiday. During European afternoon...

EUR/USD May 1 – Charges Higher Ahead of Fed Meeting

EUR/USD continues to move upwards on Wednesday. The pair was testing the 1.32 line in the European session, as the US dollar continues to weaken. In the US, the markets will be hoping for good news from ADP Non-Farm Employment Change and the ISM Manufacturing PMI....

Forex - Euro hits 2-month highs against weaker dollar

The euro hit two-month highs against the broadly weaker dollar on Wednesday as recent soft economic data fuelled expectations that the Federal Reserve will maintain its monetary easing program. EUR/USD hit 1.3222 during European afternoon trade, the pair’s highest since...