Posted on February 17, 2011 at 11:52am
Over night the Green back hit its lowest levels of the year and on to a three month low against most major currencies. As the start of the US session gives way to a better then expected ADP report coming in just ahead of expectations a little life was breathed into the dollar as traders looked for risk aversion into the start of the trading day on a little profit taking for the day.
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ContinuePosted on February 2, 2011 at 3:13pm
Posted on September 30, 2010 at 12:11pm
Release Date: March 16, 2010
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen…
ContinuePosted on April 6, 2010 at 2:19pm
Price actions has been mixed today throughout the US session as the FED started its surprise FOMC meeting today at 1530 GMT time. The USD is likely to face increased volatility throughout the first part of the trading week as the FED may look to adjust the discount arte by 25 bps to 0.75% following February’s adjustment. According to the FOMC “these changes are intended as further…
ContinuePosted on April 5, 2010 at 2:09pm
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As for my trading well I’m trading on a 15min time frame and after listening to James Dicks Webinar from October of 2008. He mentioned that most traders only look at 4 major pairs and don’t spend more than 4 hours on a computer a day. So I started focusing on the EUR/USD and so far that’s the only one I’ve been trying to understand. For example today from 11am to 12:45pm it went up almost 15 pips. But I didn’t see eat coming, mainly all four points weren’t in the green. So I ask you am I looking at the right time frame for someone like me? Should I look as many pairs as I can in the little free time that I have? My last 3 attempts trading in this pair with my demo account weren’t so bad 2 out of 3 I made just under 20 pips each and I lost 15 pips on my third attempt. So what changes can I make to help me with my game plan?
DrChris
I see this will make your account grow slower if I'm right but last longer if I'm wrong. Good advice - thx.
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