Euro Trend
As forex traders we often only view currency strength and weakness as figures on a screen, from which we can make or lose money. For us, the worst that can happen is a losing trade, but in the real world it is far worse. Having just returned from a trip to Sicily, the effects [...]
Watch The COT for Euro Traders
The euro’s retracement from last week’s low of 1.5360 against the US dollar is only to be expected given the extent and speed to which the euro dollar fell. Learning to trade the counter-trend is an important skill and one which traders need to understand and acquire in order to maximise their trading [...]
Time To Short The Euro?
Having taken a peek at 1.60 on Tuesday and the charts showing a move to at least 1.61 and beyond, the euro has reversed faster than Gordon Brown’s reputation for economic competence and is currently holding at 1.56, but falling. The reason has been given as weaker than expected economic data from [...]
Yes, We Have No Bananas!
With non farm payroll out of the way this week the focus is back on interest rates (Japan, UK and eurozone) and the “r” word. Back in the dark days of the 70s (possibly the uncoolest decade ever with dodgy clothes and even dodgier haircuts!) it was also a time [...]
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