One in the Bank is as Good as Two on the Chart
My complete thoughts on why we take profits in our trades even if it goes against out system. I think you'll understand why knowing when to take profits at critical moments separates average traders from the great traders.
Chart of the Day for August 18th: EUR/AUD
Very interesting development on the 1hr candles for the EUR/AUD. Major resistance makes this a great play for a few pips to the upside after a good bear run since August 12th.
IMM speculators boost long U.S. dollar position
Currency speculators boostedtheir bets on the U.S. dollar for a third week, according to
the latest weekly data from the Commodity Futures Trading
Commission on Friday.
Global confidence bouncing back, slowly
Confidence in the global economy rose from a 10-month low in August as the retreat in oil prices made Americans less pessimistic, a survey of five continents showed.
Bonds rise as investors discount inflation
Bond prices rose Thursday as investors looked past a report that showed consumer prices surged in July and bet that inflation will ease in the future.
13/8/2008 − the current market sentiment
After these recent data, it is hard to have a majority to hike interest rate amid the current decline of the commodities and oil prices which are trading just above 110$ a barrel today as the serious needs of interest rate cut to spur investments
Yen Rises to 12-Week High Against Euro as Carry Trades Pared
The yen rose to a 12-week high against the euro and its strongest in two months versus the British pound as Japanese investors cut bets on higher-yielding assets abroad.
Currency Pair Overview: Dollar Gains as Commodities Fall
Sentiment has apparently turned heavily towards the dollar's favor, as the world seems to be turning to the greenback and away from commodities. The Reuters/Jefferies CRB Index fell to a four-month low, as projections of slower economic growth le


