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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.

Tuesday, 16 July 2013

Until Bernanke speaks, each currency is on its own

Japanese equities saw solid gains during the overnight session, with the Nikkei posting a strong 0.64% increase after reopening following yesterday’s public holiday in the region.  Bucking the usual correlation, the yen also strengthened throughout the Asian session...

US inflation picks up – dollar ticks higher

The Consumer Price Index for June 2013 rose by 0.5%. It was expected to rise by 0.3%, after +0.1% last month (before revisions) and Core CPI was predicted to advance by 0.2% after 0.2% last month and this is the exact result. Year on year CPI also came out above expectations:...

EUR/USD July 16 – Advancing nicely despite mediocre data

EUR/USD Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.EUR/USD made an upwards move and is climbing above resistance at 1.31. An early bounce from this line didn’t go too far, despite a somewhat weaker...

AUD/USD Conquers 0.92 on RBA minutes, carbon tax; ignores Chinese tightening

AUD/USD continued its recovery and extended the gains. It is now above the 0.92 level, after making a gradual upwards move. The Aussie rode on the relatively solid meeting minutes from the RBA and the announcement that the carbon tax would be abolished in favor of a different...

Forex Trading Signal for 16th July 2013

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Forex Trading Signal for 15th July 2013

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Dollar remains broadly weaker after U.S. data, Bernanke eyed

The dollar remained broadly lower against the other major currencies on Tuesday after better-than-expected U.S. inflation data for June as investors focused on congressional testimony by Federal Reserve Chairman Ben Bernanke on Wednesday. During U.S. morning trade, the dollar...

Forex - GBP/USD pares losses but remains under pressure

The pound pared losses against the U.S. dollar on Tuesday, after positive U.S. data but investors remained cautious ahead of Federal Reserve Chairman Ben Bernanke's testimony to Congress on Wednesday.  GBP/USD pulled away from 1.5046, the session low, to hit 1.5099...