When the Forex makes its big moves you don’t have to look far to find the news or data behind them. The more important question is why. On Friday last week we saw dramatic moves once again in the major Forex pairs as the USD broke out of its range and headed...
As dramas continue to unfold we can only look to more choppiness ahead. The market has had some majors events to deal with this week and it is by no means over, with the ECB and non farm payrolls tomorrow. The focus of this update has to be in the antipodes, where...
Last week’s focus was on the Fed and Janet Yellen’s testimony to the Senate committee. What she said and the light she threw on the FOMC’s rate intentions is critical to assess, especially with the USD index at record highs. There is no let up. This week we have had...
By: Omar Eltoukhy Last week we looked into some of the nuances in approach that we need to engage in to correctly, profitably and successfully trade instruments outside of forex. If the SNB announcement should have taught you anything, it’s that being...
Trading the Forex successfully is not just about finding a system. They rarely work for long and as market circumstances change so do results. Successful trading requires knowledge of the market drivers before any technical system is of value and before any decision...
EURO/GREECE There has been a wealth of critical news to follow this week . Starting with the most recent; Greece has now requested the bail-out extension for six months and the EZ finance ministers will meet tomorrow afternoon to discuss it. This is seen as a positive...
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