Archive for July, 2010

Forex Trading Strategies - Science and Art of Trading

Science and Art of Trading

Last Thursday, during our monthly live trading session (26 wins out of the past 27 months, but who is counting) I spend a great deal of time explaining my latest short term trading strategy. We’d gone through all the various permutations of the setup, covering time of day, type of currency [...]

Dollar Headed Lower?

Over the past 48 hours, the U.S. dollar has come under aggressive selling pressure and I think USD/JPY is set to test its year to date low below 87. Here is a chart of the Dollar Index that shows a break of a major trendline which suggests that the dollar’s weakness will not be [...]

Dollar Headed Lower?

Over the past 48 hours, the U.S. dollar has come under aggressive selling pressure and I think USD/JPY is set to test its year to date low below 87. Here is a chart of the Dollar Index that shows a break of a major trendline which suggests that the dollar’s weakness will not be [...]

Forex: Top 3 Things to Watch This Week

Here are the top 3 things that could affect how currencies trade this week in order of importance:
1. U.S. Retail Sales Report
The most important event risk this week is the U.S. retail sales report. Concerns about the sustainability of the U.S. recovery and the degree of consumer spending has been [...]

Forex Trading Strategies: Scalping Supreme

Forex Trading Strategies: Head Versus Heart

Head Versus Heart

The other day, as I was watching the World Cup coverage on ESPN, their analyst made the following comment about the upcoming Germany versus Spain game. “At this point,” he noted, “strategy doesn’t matter. It all come does down to emotion. Who has the bigger heart? Who has the stronger desire to win?”

Interesting, [...]

China’s Currency Tango

I was on the Canadian Broadcast Network last night talking about the outlook for the Chinese Yuan. Click on the image to access the video

Euro Extends Gains, Risk Up on ECB Comments and Data

Risk is being bought this morning following not so dovish comments from ECB President Trichet and stronger than expected economic data.
Going into the ECB meeting, traders were worried that the Central Bank President would stress the need for ongoing liquidity measures to support the economy and the risks posed by balance sheet adjustments. [...]

Why is the Euro Rallying?

The euro has come along way since the end of June when it was trading below 1.20. Here are a few reasons why the EUR/USD has rallied:
1. Investors are Growing Less Nervous about the PIIGS - Credit Default Spreads are narrowing

2. Weaker U.S. data has turned the market’s focus to problems in the U.S.
3. [...]

Why Risk Appetite Held Steady

I was on the Business News Network this morning explaining why currencies shrugged off the turn in equities. Click on the image to access the video: