The Forex markets were again somewhat benign when it came to direction over the last week, and was especially true in the EUR/USD pair. The market simply seems ready to sit at the 1.35 level, an area that has been attractive to traders time and time again. This “market memory” seems to be pretty well […]
Read Some MoreThe Forex markets spent most of the previous week dealing with the fears of a Cypriot banking implosion. The week saw several attempts at fixing the situation, and headlines pushed the markets back and forth. Nowhere was this more obvious than in the EUR/USD pair. The 1.30 level has acted like a magnet, and as […]
Read Some MoreLooking at the past week, we saw a lot of noise in the Forex markets. By far, the biggest amount of noise came from the Federal Reserve and its release of the minutes from last month’s meeting. The release showed that several members of the FMOC suggested there were parameters to cut back on the […]
Read Some MoreOver the course of the last week, we have seen quite a few changes in the attitude of central banks and watched the Forex markets react accordingly. Early in the week on Monday, we saw the Reserve Bank of Australia hold its rates, which suggests that perhaps the Aussie economy is starting to lose steam. […]
Read Some MoreThe Forex markets had a few interesting turns this past week, and without a doubt the most important one would have been the EUR/USD closing above the 1.35 level. This confirmed a suspicion of ours about an inverted head and shoulders pattern with the neckline being at the 1.35 level. Because of this, the EUR/USD […]
Read Some MoreFor most of you, the idea that the Forex markets weren’t always chaotic is probably far fetched. However, I can assure you that it wasn’t always like it is currently, and as a result a lot of good traders have been blown out over the last couple of years. However, there is good news on […]
Read Some MoreDuring the past week, we have seen quite a bit of movement in the Forex market. The most obvious place to start is in the Euro, as the EUR/USD pair has absolutely taken off like it had been sitting on a launch pad at Cape Canaveral. The move was predicated mainly upon what the European […]
Read Some MoreOne of the most difficult weeks to trade Forex is the week of Christmas. This is because most of the professional traders out there simply will not be at work, so the liquidity gets to be very thin. Generally, this extends all the way to about the end of the first week of January, when […]
Read Some MoreOver the course of the last several sessions, we have seen quite a bit of back-and-forth volatility in the Forex markets as the so-called “fiscal cliff” talks continue to worry most traders out there. The truth is that the stock markets have been able to ignore a lot of this noise, but the Forex markets […]
Read Some MoreUnfortunately, we cannot write about the upcoming week in the FX markets without mentioning the US “fiscal cliff” drama again. With this being said, there is a high probability that we will get headlines during the week that will push the markets around back and forth. We are simply going to be stuck in a […]
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