The Basics of How Money is Made Trading FX
The Same Everyday Concepts of Buying and Selling Apply to the FX Market
The Same Everyday Concepts of Buying and Selling Apply to the FX Market
Business confidence in Europe’s largest economy is expected to tick higher in February, and the development may spur a bullish reaction in the EURUSD as it raises the outlook for future growth.
The Australian Dollar was deaf to calls for a leadership vote by Premier Julia Gillard, with political uncertainty so far only a small blip on the market’s radar.
The greenback advanced for a second consecutive session with the index breaching crucial resistance in North American trade. The dollar needs to hold above this key level for the rally to persist. Here are the levels to watch.
Candlesticks can tell traders quite a bit about what is going on underneath the market, but sometimes the most important messages are what Candlesticks are NOT telling us.
Detailed pattern analysis suggests a bullish resolution to recent AUDUSD weakness.
In an interview with CountingPips.com, DailyFX Currency Analyst David Song covers the recent developments coming out of Europe along with major fundamental themes for 2012.
Gartelys are harmonic reversal patterns found using Fibonacci retracements. As the AUD/JPY reaches 86.30, traders eye Fibonacci resistance to enter fresh sell positions.
Yen weakness has accelerated and speculators have cut long Yen positions in half but remain net long. In other words, the Yen is vulnerable to additional selling.