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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, 3 June 2013

Forex Daily Outlook June 4 2013

Trade Balance both in the US and Canada are the main events lined up.  Let’s see what awaits us today. In the US, Trade Balance, value the difference between imported and exported goods and services, -41.1B is due on the reported month from -38.8B on May. Later in the...

Asia stocks mixed; Nikkei rallies 2.9% as yen weakens

Asian stock markets were mixed during late Asian hours on Tuesday, with shares in Japan rallying sharply as traders continued to eye movements in the yen and in the Japanese government bond market. During late Asian trade, Hong Kong's Hang Seng Index was down 0.2%, Australia’s...

Forex Trading Signal for 4th June 2013

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ISM Manufacturing PMI Enters Contraction Zone: 49 Points – USD/JPY Loses 100

The ISM Manufacturing PMI dropped to 49 points. This is a big disappointment. It was expected to remain almost unchanged after hitting 50.7 points last month, reflecting very slow growth. This is the first major hint towards the Non-Farm Payrolls on Friday. The employment...

AUD/USD rallies hard – could this impact the RBA?

The Australian dollar is on a roll, extending gains after theweak US manufacturing PMI, and defying quite a few negative factors. The fall of US manufacturing into contraction zone according to ISM caused many to re-assess the chances for QE tapering. The news already triggered...

Cable shows its able – GBP/USD extends gains

The fall of the dollar after the terrible US manufacturing PMI continues in a determined fashion. The reduced chances of QE tapering push the dollar lower. GBP/USD broke above the 1.53 level and already peaked at 1.5374 before making a limited retreat to 1.5354...

EUR/USD climbs to the highest in 4 weeks on dollar sell-off – Keep an eye on Spanish employment

The fallout from the terrible manufacturing PMI in the US continues. The dollar continues falling across the board, and this also allows euro/dollar to climb to levels last seen on May 9th. While the euro-zone enjoyed better than expected manufacturing PMIs of its...

Forex - Dollar weakens as U.S. factory data disappoints

The dollar fell on Monday after a widely-watched factory gauge in the U.S. contracted for the first time in six months in May.Softer-than-expected indicators in the U.S. tend to weaken the dollar by stoking expectations that the Federal Reserve won't rush to scale back monetary...

Forex - Dollar slips lower vs. yen

The dollar edged lower against the yen on Monday, following falls in Japanese equities after weaker-than-expected Chinese manufacturing data.USD/JPY hit 100.23 during late Asian trade, the session low; the pair subsequently consolidated at 1.00.33, dipping 0.07%.The pair...