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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, 26 June 2013

Durable goods orders exceed expectations – dollar higher

US durable goods orders rose by 0.7%. They were expected to rise by 3% and core orders were predicted to remain flat and they rose by 3.6%. USD/JPY rose to 97.70 before dropping. EUR/USD is sliding towards 1.31. This publication is not the most important figure on the calendar...

Fed officials unable to return the genie back into the bottle

While two non-voting Federal Reserve Presidents did their best to try and calm investor’s nerves, the jawboning from Dallas’s Richard Fisher and Minneapolis’ Narayana Kocherlakota was unable to keep the S&P out of double-digit losses yesterday. Although considered an...

US data shines again – dollar extends gains

New home sales rose to 476K. They were expected to continue advancing from the strong 466K (revised from 454K originally reported)  last month to 462K this time. The previous data and the new data are both great. The CB Consumer confidence jumped to 81.4 points, better...

Forex - AUD/USD edges higher, but gains limited

The Australian dollar edged higher against its U.S. counterpart on Wednesday, but gains were limited as Tuesday's upbeat U.S. economic reports continued to support demand for the greenback.  AUD/USD hit 0.9277 during late Asian trade, the session high; the pair...

Asia stocks mixed as China liquidity fears persist; Nikkei down 1%

Asian stock markets were mixed on Wednesday, with most shares in the region turning lower as concerns over tight liquidity conditions in China persisted despite reassurance from the country’s central bank. During late Asian trade, Hong Kong's Hang Seng Index was up 1.3%,...