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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.

Monday, 5 May 2014

U.S. stocks gain on service sector report; Dow ends up 0.11%

U.S. stocks shrugged off escalating tensions in Ukraine and soft factory data out of China and rose on Monday on the coattails of an upbeat U.S. service-sector report. Cheery numbers out of the U.S. service sector painted a picture of an economy that continues to recover...

Forex Signal for 5th May 2014

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Forex Signal for 2nd May 2014

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Forex Signal for 1st May 2014

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Forex - GBP/USD remains moderately lower in thin trade

The pound remained moderately lower against the U.S. dollar in thin trade on Monday, as trade volumes remained limited with U.K. markets closed for a national holiday, and as strong U.S. service sector data did little to support the greenback. Cable was likely to find support...

Dollar holds steady vs. rivals after upbeat U.S. data

The dollar held steady against the other major currencies on Monday, as the release of upbeat U.S. service sector data did little to strengthen the greenback, while escalating conflict in Ukraine continued to dampen market sentiment. In a report, the Institute of Supply Management...

GBP/USD Outlook May 5-9

GBP/USD broke above the 1.69 last week, but settled for modest gains and closed at 1.6869. This week’s highlights are Services PMI and Manufacturing Production. Here is an outlook for the main events moving the pound, and an updated technical analysis...

EUR/USD Forecast May 5-9

EUR/USD traded in range throughout the week. Its dips to the downside resulted in quick bounces. The big event of the upcoming week is the rate decision: will Draghi make a bold move? Apart from that, we have services PMIs and a few important German figures. Here...

USD/JPY Forecast May 5-9

The Japanese yen traded in range for some time and eventually made a move higher. The meeting minutes from the BOJ as well as their outlook are the main events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The...

Forex Weekly Outlook May 5-9

A very busy week ended with a drama around the Non-Farm Payrolls and left some uncertainty about the next market moves. The list of events for the coming week includes: US ISM Non-Manufacturing PMI, Trade Balance, Janet Yellen’s testimony, and rate decisions in Australia,...