Trading the pound was tricky y'day as price swing wildly. Cable came initial selling pressure in Asia n despite a recovery to 1.6214 in Europe, price briefly tanked to a 2-week low of 1.6161 after downbeat U.K. mfg PMI but short-covering lifted price to 1.6252 in NY b4 retreating to 1.6173.
Gonçalo Moreira -The euro rebounded as investors took profits on the dollar's recent gains, inverse correlated commodities showing signs of improvement, US indices down, rising VIX... I would not be surprised by a serious USD correction.
S&P 500 breaks down lower by Alex Gurr
Silver Cup and Handle forms by Alex Gurr
Dollar rally exhausted? by KBC Market Research Deskbr> br>
|Thu, Oct 2, 11:15 GMT||ECB Meeting and Interest Rate Announcement Live||Mark De La Paz||WBN|
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One thing that has puzzled me over the years when reading what trading books have to offer, books on candlesticks, trading education on the internet, and trading education anywhere for that matter is the main focus of the education. Always, the focus is on the chart and volume. There are books written solely about candlesticks and others that deal only with volume because conventional wisdom says...
Jd murphy commented a blog post 2 hours ago Inside the Currency Market: DXY and FED Funds
Pierre Chahine has a new status 4 hours ago NZD/USD: previous order closed with 98pips loss, sell the pair from 07922 with TSL 08033 & TP 07644.