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Broken Resistance-Turned-Support on Cable?

posted by fxhottie 395 days ago in USD, GBP, Technical made popular 395 days ago

Interesting setup on Cable today as we just saw preliminary UK Q1 GDP come inline with expectations at 0.5%. This is better than the previous quarter contraction of -0.5%, pushing up Cable above yesterday's highs (1.6533). Is this broken high now

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Spain Sells 3.4 Billion Euros of Treasury Bonds at Auction

posted by fxhottie 396 days ago in EUR, Fundamental, Daily

Spain sold 3.4 billion euros ($4.9 billion) of bonds and demand rose even as its borrowing costs increased amid expectations Greece may restructure its debt.

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Intraday Short Idea on EUR/JPY

posted by fxhottie 396 days ago in EUR, JPY, Technical made popular 396 days ago

Good morning Forex friends! For my "Pick of the Day," I have an intraday short idea on EUR/JPY. This is based mostly on technicals, with a splash of risk sentiment throw in on the side...check it!

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3 Reasons Why The EU/IMF Won't Let Greece Default...Yet

posted by fxhottie 397 days ago in EUR, Fundamental, Daily made popular 397 days ago

It's the talk of the Forex town. Economic gurus the world over, including yours truly, have warned you about the inevitable: a Greek debt default. But I'm a man who believes that there are always two sides to every story.

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Positive Reevaluation: Turning Weaknesses into Strengths

posted by fxhottie 399 days ago in Weekly, Trading Psychology made popular 399 days ago

Suppose you've just experienced a huge losing streak. What are you likely to do next? Are you the type of trader that becomes so depressed that you are unable to take clear trading signals, or are you the type of trader that's able to easily shru

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S&P Downgrades U.S. Credit Rating Outlook

posted by fxhottie 402 days ago in USD, Fundamental, Daily made popular 402 days ago

In a shocking ninja-like move last Monday, ratings agency hotshot S&P downgraded its credit rating outlook for the U.S. What happened?

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Nice Fib Setup on Cable Downtrend

posted by fxhottie 404 days ago in USD, GBP, Technical made popular 404 days ago

Good evening! Rough day for risk takers in Monday's session as a Greek debt restructuring request and S&P rating cut for long-term US credit shook up the markets early in the shortened week. Will the new sentiment shift continue?

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PBoC RRR Hike: Oops, We Did it Again!

posted by fxhottie 404 days ago in Daily, Inflation made popular 404 days ago

China increased its reserve ratio again! I know the PBoC's tightening moves are no longer as surprising as they used to be. What's more interesting to find out is how long they plan to keep up with this hike-fest.

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Done with One War? On to the Next!

posted by fxhottie 405 days ago in Fundamental, Daily, Inflation made popular 405 days ago

The currency war may have died down, but now central banks have another battle on their hands… one against a common enemy!

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Strong Resistance at 1.45 to hold for EUR/USD?

posted by fxhottie 409 days ago in USD, EUR, Technical

Good morning Asia FX playas! Got a technical day trade setup forming on EUR/USD that I'm looking to take if EUR/USD retests 1.45. Let's see if I have the same luck as Huck on this one!

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Day Trade Short on AUD/USD

posted by fxhottie 411 days ago in USD, AUD, Technical made popular 410 days ago

Good morning! It looks like strong moves into the Greenback is the play of the day commodities take hit, especially gold and silver. AUD/USD took a hit today and after a nice bounce higher during the European trading session, it looks like the in

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Weekly Winner: EUR/JPY Rocked the Charts!

posted by fxhottie 412 days ago in EUR, JPY, Technical made popular 411 days ago

Looking back at last week's price action, I see that the best moves came from EUR/JPY. Since I was already in the move, I wanna talk about how I could...

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