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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.

Thursday, 12 September 2013

US jobless claims plunge to 292K, but data is skewed – dollar rises

US unemployment claims dropped to 292K. This is a huge surprise. They were expected to rise from 323K (before revisions) to 332K now. This huge drop could be a one time statistical error, as it is an outlier. However, even if it corrected to 200K-310K, the figure is very...

Forex - Dollar mostly higher in Asia, boosted by tapering chatter

The U.S. dollar traded higher against most of its major rivals during Friday’s Asian session as some decent economic data and waning Syrian tensions bolstered the case for a Federal Reserve tapering announcement as soon as next week.  In Asian trading Friday, EUR/USD inched...

Forex Trading Signal for 13th September 2013

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U.S. stocks fall as profit taking marks quiet session; Dow down 0.17%

U.S. stocks fell in a lackluster session on Thursday after investors locked in gains stemming from expectations the Federal Reserve will keep policy loose even if it tinkers its bond-buying program this month. At the close of U.S. trading, the Dow Jones Industrial Average...

Forex - Dollar softens as market braces for Fed stimulus decision

The dollar softened against most major currencies in U.S. afternoon trading on Thursday after market participants bet the Federal Reserve will keep overall policy loose at a monetary policy meeting next week even if it tapers its monthly asset-purchasing program. Stimulus...

Forex - EUR/USD moves sideways as markets brace for Fed decision

The dollar traded sideways to higher against the euro on Thursday as investors jumped to the sidelines to await the Federal Reserve's decision next week on the fate of its monthly USD85 billion bond-buying program. In U.S. trading on Thursday, EUR/USD was down 0.08...

Gold prices drop as markets brace for Fed tapering

Gold prices dropped on Thursday after investors took up positions on expectations that the Federal Reserve next week will announce plans to begin tapering its monthly USD85 billion asset-purchasing program. On the Comex division of the New York Mercantile Exchange, gold futures...