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Cowabunga System Daily Update: Wednesday, 05/23/2012

posted by Avatar EJSuratos 3 days ago in USD, GBP, Daily made popular 3 days ago

Today was a good day with an interesting trade. You'll definitely want to check it out as I was able to grab a nice 35 pips! See how it all went down in today's Cowabunga Surf Report. read more
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China Opening Up Even More?

posted by Avatar EJSuratos 3 days ago in Special, Trade made popular 3 days ago

It looks like hedge funds will soon jump over the Chinese hedge! Word around the hood is that China is looking to allow more foreign institutional investors to operate in the country. Could this soon lead to more flexibility in its currency? read more
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Masoud EUR/USD Forecast Review 23 May 12

posted by Avatar thegeekknows 3 days ago in USD, EUR, Daily made popular 3 days ago

This forex forecast review touches on the fundamental and technical aspects of the currency pair. read more
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BoE Split On QE; Miles Calls For More Stimulus, Minutes Show

posted by Avatar tradingpip 3 days ago in USD, GBP, CAD made popular 3 days ago

David Miles was the sole member of the Bank of England's Monetary Policy Committee to seek more stimulus for the economy at the May meeting, although many members felt that the decision not to beef up the quantitative easing was 'finely ... read more
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ForexLive: GBPUSD Eyes Resistance At The 1.5739/41 Today

posted by Avatar ejc 3 days ago in GBP, Technical, Daily made popular 3 days ago

The GBPUSD fell sharply on worse than expected Retail Sales but has rallied back higher since bottoming at channel support (putting in a bottom parellel line often provide a border line to take profit in a fast moving market).....more. read more
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USD/JPY Forecast May 23, 2012, Technical Analysis

posted by Avatar FXEmpire 4 days ago in USD, JPY, Technical made popular 3 days ago

The USD/JPY pair had a bullish day on Tuesday as the world awaits the result of the Bank of Japan’s meeting. The pair slammed into the 80 level again, and there were plenty of offers there to keep prices under wraps. The meeting could produce fir read more
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GBP/USD Forecast May 23, 2012, Technical Analysis

posted by Avatar FXEmpire 4 days ago in USD, GBP, Technical made popular 3 days ago

The GBP/USD pair fell hard during the Tuesday session as the recent hammer from the Friday session is being tested for support. The breaking of the 1.5700 level would be a signal for us to sell this market, and we do prefer it as the risks are nu read more
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Gold Prices May 23, 2012, Technical

posted by Avatar FXEmpire 4 days ago in Technical, Daily, Gold made popular 4 days ago

The gold markets fell on Tuesday, triggering a sell position at the bottom of the previous day’s small shooting star. While we didn’t take the trade, there is a case to be made for it. We are waiting until the $1,500 level gives way to become agg read more
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crude oil futures prices down may 23 2012

posted by Avatar stockmarket 4 days ago in Fundamental, Daily, Oil made popular 4 days ago

crude oil futures prices down may 23 2012 : Oil prices edged lower in Asian trade Wednesday, amid hopes of easing tensions between major producer Iran and the West read more
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Flash: USD outlook remains bullish Wells Fargo

posted by Avatar victoryismine 4 days ago in USD

For the time being, our near-term outlook remains biased towards further weakness in foreign currencies against the US dollar, comments Nick Bennenbroek, Head of Currency Strategy at Wells Fargo Bank. Trading foreign exchange on margin carries a high ... read more
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EUR/USD Forecast Review 22 May 12

posted by Avatar thegeekknows 4 days ago in USD, EUR, Daily made popular 4 days ago

This forex forecast review touches on the fundamental and technical aspects of the currency pair. read more
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Top 5 Characteristics of a Successful Forex Trader

posted by Avatar forexcrunch 4 days ago in Trading Psychology made popular 4 days ago

Not anybody can be a Forex trader. Trading occasionally, as a side income or professionally requires certain skills and characteristics.

Are you up for it? Here are 5 critical traits that any trader needs.

Seeing the big picture: Are you ab read more