The U.S Dollar made headlines yesterday unfortunately for the Greenback it was not positive. The DXY, an index weighted basket of currencies against that Dollar, hit a low for the year touching just below 74.20 before a...
Year End: Thanksgiving in the U.S marks the beginning of the Holiday Season. The day after Thanksgiving known as Black Friday marks the commencement of the Holiday shopping season. Many analysts view this particular season as one...
Global Equities Market futures are pointing slightly higher for Wednesday’s open. The DJIA finished lower after a mixed day on Wall Street, losing 17.24 points to close at 10,433.71. The Fed conceded in minutes released yesterday that...
Key Levels of Support & ResistanceEUR, GBP, & AUD As the market continues its sideways movement it is a good idea to keep cognizant of important key levels of S&R as well as the 50 SMA and...
Positive economic data released today pushed Global Equity Markets higher once again. In Canada, a better than expected print on Retails Sales moved the CAD higher as well as month over month figures that published at 1%. ...
AUD, NZD, CADCommodity Linked Currencies: Most majors have been range bound for the last month and some even longer then that. If you play support and resistance then your entries points are relatively defined. However, what do...
The DJIA was flat Friday closing the day down just 14.28 points. The week saw the DJIA gain 9/10th of a percent while most Global Equity Markets finished the week in negative territory. The Greenback gained as...
GBP/USD: Range bound trading continues. It is especially obvious when MA is moving horizontal. Notice on the daily Cable chart below that the 50 SMA has been horizontal since late July while the 100 SMA turned horizontal...
EUR/USD: The EUR is sputtering once again after failing twice to gain momentum after breaching 1.50. We are closing in on some very pivotal handles on the EUR. Moving Averages are important not only because what they...
Non professional forex traders often take the plunge into trading forex before taking the time to learn forex and equipping themselves with the knowledge necessary to find success. Forex trading is business and not like approaching a...
