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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, 3 July 2013

Forex Analysis: EUR/USD Wavers after 1.3000 Breakdown

July 03, 2013 – EUR/USD (daily chart) has tentatively stalled and fluctuated after having just made a significant breakdown below the major prior support level at 1.3000. This breakdown has been the culmination of two weeks of substantial bearishness that brought price down...

Asian stocks mixed as traders await ECB; Nikkei down 0.46%

Asian stocks traded mixed Thursday in cautious trade, ahead of a holiday in the U.S., as traders eyed the European Central Bank meeting later Thursday.  In Asian trading Thursday, Japan’s Nikkei 225 fell 0.46% while the Topix was off 0.3% on below average volume. USD/JPY traded...

Forex Trading Signal for 4th July 2013

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Forex - EUR/USD slightly lower ahead of ECB meeting

The euro traded modestly lower against the U.S. dollar during Thursday’s Asian session ahead of the European Central Bank meeting later Thursday.  In Asian trading Thursday, EUR/USD fell 0.12% to 1.2996. The pair was likely to find support at 1.2900 and resistance...

Gold holds gains after flurry of U.S. jobs data

Gold futures were higher on Wednesday, holding on to gains following the release of a flurry of U.S. employment data. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,249.45 a troy ounce during U.S. morning hours, up...

Dollar off lows vs. yen after U.S. data, Portugal in focus

The dollar pulled back from session lows against the yen on Wednesday following the release of strong U.S. employment data but demand for the safe haven yen continued to be underpinned amid concerns over an escalating political crisis in Portugal. During European afternoon...

U.S. initial jobless claims fall by 5,000 to 343,000 last week

The number of people who filed for unemployment assistance in the U.S. fell broadly in line with market expectations last week, official data showed on Wednesday.  In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits...

Forex - EUR/USD trims losses, Portugal uncertainty weighs

The euro pulled back from five-week lows against the dollar on Wednesday but the single currency remained under pressure as an escalating political crisis in Portugal weighed. EUR/USD pulled away from 1.2924, the pair’s lowest since May 29, to hit 1.2958 during European...

Crude oil surges to 14-month high on Egypt turmoil

Crude oil futures rallied sharply on Wednesday to hit the highest level since May 2012, as concerns that political unrest in Egypt would spread to major oil-producing countries in the Middle East boosted prices. Investors also looked ahead to closely-watched weekly supply data...

Forex - Dollar rises to 5-week highs vs. yen

The dollar rose to five-week highs against the yen on Wednesday, boosted by expectations that the Federal Reserve will start to unwind its bond buying program by the end of the year.USD/JPY hit 100.86 during late Asian trade, the pair’s highest since May 31; the pair subsequently...