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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, 23 May 2013

Asian stocks mixed as Japan bounces back; Nikkei up 2.77%

Asian stocks were mixed Friday following Thursday’s tumble that came at the hands of some weak Chinese economic data. In Asian trading Friday, Japan’s Nikkei 225 rose 2.77% to rebounded from Thursday’s 5.5% loss. Japanese stocks have been Asia’s best performers this year,...

Forex Trading Signal for 24 May 2013

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Forex - Dollar drops on Fed comments, Chinese output data

The dollar weakened against most of its peers in U.S. trading on Thursday after a high-ranking Federal Reserve official said a scaling back of stimulus programs is not imminent.Soft Chinese manufacturing data  weakened the greenback as well by fueling talk the global economy...

Forex - GBP/USD gains on Fed comments, U.K. growth data

The pound rose against the greenback on Thursday after a U.S. Federal Reserve official said stimulus measures will stay in place for now.Cable saw further support after U.K. quarterly growth figures met expectations.In U.S. trading on Thursday, GBP/USD was trading...

Forex - EUR/USD pushes higher, gains capped

The euro pushed higher against the dollar on Thursday but gains were capped after the Federal Reserve indicated that it may taper its bond buying program, bolstering safe haven demand.EUR/USD hit 1.2905 during European afternoon trade, the session high; the pair subsequently...

U.S. futures sharply lower amid Fed fears; Dow Jones down 0.68%

U.S. stock futures pointed to a sharply lower open on Thursday, one day after Federal Reserve Chairman Ben Bernanke said the bank could begin tapering its bond-buying program. Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.68% decline, S&P...

European stocks remain lower on China, Fed worries; Dax down 2.30%

European stocks remained sharply lower on Thursday, after positive euro zone data, as a weak Chinese manufacturing report and expectations for a near-term end to the Federal Reserve's bond buying program weighed. During European morning trade, the EURO STOXX 50 plunged...

USD/JPY Crashes with Japanese Stock Market

After breaking to new multi-year highs on the testimony of Ben Bernanke, USD/JPY is crashing all the way towards 102 as the Nikkei makes a violent correction, falling around 6% at the time of writing. The strong correlation between yen weakness and Japanese stocks continues,...

Asia stocks down on China PMI; Nikkei plunges 7% as JGBs spike

Asian stock markets tumbled sharply on Thursday, with markets in China and Hong Kong coming under pressure after data showed that manufacturing activity in China contracted for the first time in seven months in May.Shares in Japan plunged by the most since March 15, 2010, the...

Forex - AUD/USD drops to 11-month lows on weak Chinese data

The Australian dollar dropped to 11-month lows against its U.S. counterpart on Thursday, after weak manufacturing data from China sparked fresh concerns over the outlook for global economic growth. AUD/USD hit 0.9614 during late Asian trade, the pair's lowest since...

Forex Trading Signal for 23 May 2013

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