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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, 27 June 2013

US jobless claims slide to 346K – in line with expectations

Weekly jobless claims dropped to 346K in the week of June 22 2013. They were expected to slide from 355K last week (revised from 355K) to 347K this time. Continuing claims were predicted to remain almost unchanged at around 2.95 million. The drop under 3 million was an important...

EUR/USD June 27 – Under Pressure After Dovish Remarks from Draghi

EUR/USD is under pressure in Thursday trading, as the pair trades in the low-1.30 range. The pair lost more ground on Wednesday, after ECB President Mario Draghi said that the central bank’s monetary policy will remain loose. In the US, Final GDP...

UK data disappoints – GBP/USD Loses 1.53

GDP in Q1 2013 was expected to remain unchanged in the third and final revision of GDP, and stand at 0.3% and that’s exactly what happened. However, the year-on-year figure was revised to the downside: from a rise of 0.6% to only 0.3% – half. And, the current account...

U.S stocks rise on data, Fed comments on stimulus; Dow gains 0.77%

U.S. stocks rose on Thursday in a rally fueled by a double shot of better-than-expected economic indicators and comments from a high-ranking Federal Reserve official suggesting monetary stimulus programs will stay in place for now.  At the close of U.S. trading, the...

Forex - Dollar inches down on Fed comments, data supports

The dollar moved lower against most major currencies on Thursday after a key Federal Reserve official said stimulus programs will stay in place if the economy does not continue to improve.  Suring U.S. pending home sales supported the dollar, though many investors avoided...

Forex - GBP/USD falls on U.K. growth data, U.S. home sales weigh

The pound weakened against the dollar on Thursday after the U.K. trimmed its first-quarter gross domestic product growth rate. Better-than-expected pending home sales in the U.S. rekindled expectations that monetary stimulus programs will fade out soon and allow the greenback...

Forex - USD/CHF edges up to 3-1/2 week highs

The U.S. dollar edged up to three-and-a-half week highs against the Swiss franc on Thursday, as speculation over a possible near-term end to the Federal Reserve's stimulus program continued to support demand for the greenback.  USD/CHF hit 0.9452 during European...

Forex Trading Signal for 27th June 2013

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Forex - NZD/USD higher after mixed New Zealand data

The New Zealand dollar was higher against its U.S. counterpart on Thursday, after the release of mixed New Zealand economic reports, although expectations for the Federal Reserve to soon begin scaling back its stimulus progam still supported the greenback.  NZD/USD hit...

Asia stocks rally as Fed fears ease; Nikkei ends up 3%

Asian stock markets rallied on Thursday to rebound from recent losses, after a downward revision to U.S. first quarter growth dampened expectations that the Federal Reserve could begin to unwind its asset purchase program later this year. Market sentiment got a further boost...

Forex - EUR/USD pushes higher, gains capped

The euro pushed higher against the dollar on Thursday, but gains were limited after the European Central Bank reiterated that an exit from exit from accommodative monetary policy remains distant. EUR/USD hit 1.3088 during late Asian trade, the session high; the pair...