Posts Tagged ‘ end ’
It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets usually encourage repatriation by Japanese corporations. [ READ MORE ]
The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]
With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perception of it, rather than its underlying fundamentals. In the end, I think [ READ MORE ]
It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak [ READ MORE ]
Dollar bulls cheered as the minutes from the most recent FOMC meeting reveal that Fed officials have not only begun to discuss exit strategies, but are actually debating the specifics. This discussion took place at the end of January, before the recent string of strong economic data which means the continued improvement in the [ READ MORE ]
EUR/GBP formed a symmetrical triangles pattern on the daily chart near the end of this week. Although the pattern isn’t aligned horizontally to count as reliable, the price is currently located near the apex of the triangles and may break out of it soon. Since this is a continuation pattern, expect a bearish trend continuation as the most probable scenario as the pattern resolves. You can click the image below too see the full-scale chart of the currency pair: (…)Read [ READ MORE ]
This is a fact that the majority of forex traders make numerous mistakes in their trades. In fact, mistakes made during operations can be attributed to the fact that you as new Forex trader, you do not have the required knowledge and skills to earn money in forex on an everyday basis. Although it may [ READ MORE ]
In October, I wrote about a “separation” that had taken place in currency markets between the “sick” currencies and the “healthy” currencies. At the time, I argued that the former category was comprised mainly of the Dollar and the Pound, with most other currencies healthy by comparison. While I still stand by this paradigm, I [ READ MORE ]
Pull up a 1-year chart of the Euro against the Swiss Franc, and you’ll quickly notice a salient trend: the exchange rate has hovered slightly above €1.50 since last March, with three notable deviations. The first occurred last March, when the Swiss National Bank (SNB) intervened in currency markets on behalf of the Swiss Franc, [ READ MORE ]
Trader must have a strategy for foreign exchange trading, regardless of what status the individual has reached. If a new or an expert trader failed to obtain huge profits from trade, it is possible that the trading approaches and strategies are inappropriate or inadequate. Many experienced traders come up with different strategies that can be [ READ MORE ]
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