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Is Dollar-Based Salvation Coming?

posted by nancypants 1 day 8 hours ago in USD, Daily made popular 1 day 7 hours ago

The hope that the troubling surge in inflation will soon pass draws on fresh hope born of the widely reported outlook for new-found strength in the dollar. And the hope doesn't come a moment too soon.  read more

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Forex Ideas for the Week of August 17th

posted by thegearedinvestor 2 days ago in EUR, AUD made popular 2 days ago

Here are some ideas for pairs that I like for the week. Strong trends are the motivation here, with no great turnarounds in sight.  read more

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Hong Kong Jobless Rate Lowest Since 1998

posted by jkgreen 2 days ago in JPY made popular 2 days ago

The Census and Statistics Department announced that Hong Kong’s seasonally adjusted unemployment rate fell further to 3.2% in the period from May to  read more

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Euro Declines as German Ministry Says Economy Deteriorates

posted by MarcB 7 hours ago in USD, EUR, GDP made popular 6 hours ago

The euro fell against the dollar to near the lowest level in six months as Germany's Economy Ministry said the outlook for Europe's largest economy has deteriorated even beyond the second quarter.  read more

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GBP/USD Update

posted by jameschen 17 hours ago in USD, GBP, Technical made popular 6 hours ago

As shown on the accompanying GBP/USD daily chart, after flirting with the long-term uptrend support line for almost a week now, price is still consolidating right around this major support line as of Tuesday evening in New York.  read more

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One in the Bank is as Good as Two on the Chart

posted by thegearedinvestor 20 hours ago in Sentimental, Trading made popular 6 hours ago

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.  read more

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Greatness in Life and Trading

posted by nancypants 7 hours ago in Trading made popular 5 hours ago

A while back I wrote several perspectives on achieving greatness as a trader. There are many traders who want to do well, and many who want to make money. Few of us, however, think of ourselves greatly. That, we're told, is boasting. Pride goeth  read more

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BoJ Says Economic Growth Likely To Remain Sluggish

posted by nancypants 7 hours ago in JPY, GDP made popular 5 hours ago

Wednesday, the Bank of Japan, or BoJ, released its monthly economic assessment report for August. Elsewhere, a report from the Bank of Korea showed that inflation in South Korea will remain at a higher level for a considerable period.  read more