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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.

Monday, 13 May 2013

Asian stocks mostly higher in lethargic trade; Nikkei up 0.20%

Most Asian bourses traded higher Tuesday amid some key data points, though trading was somewhat sluggish. In Asian trading Tuesday, Japan’s Nikkei 225 added 0.20% despiteUSD/JPY trading to the downside. Earlier, the Bank of Japan said prices of domestic corporate goods...

Forex Trading Signal for 14 May 2013

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EURUSD: Broken Daily Trend-line puts The euro in Bearish Mode

EURUSD fell sharply last week and closed well below the 1.3034 swing low support which puts the bearish price action back in play. In fact, the decline from 1.3195 was very strong and sharp, which in many cases represents an impulsive wave and direction of trend. As such, we...

Forex - Dollar gains on firming U.S. retail sales, soft Chinese data

The U.S. dollar rose against most major currencies on Monday after U.S. retail sales beat expectations, just days after official data revealed that far fewer individuals filed for unemployment assistance than expected.In U.S. trading on Monday, EUR/USD was down 0.13%...

Dollar Storm: GBP/USD Surrenders and Loses 1.54

One by one, currency pairs are breaking key levels or approaching them, after USD/JPY broke the 100 line. It’s now the turn of GBP/USD, that lost the 1.54 line. In addition to the strengthening of the greenback, cable was also hit by a small disappointment in the trade...

Negative Deposit Rate Talk Continues – EUR/USD Falls

Italian ECB member Visco went on CNBC and said that he sees merit in negative deposit rates. He also mentioned that there are “unintended consequences” in such a move, but that the ECB has the ability to work on that. Cutting the rate could be effective for for the economy...