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AUD/USD - Close Open Orders

posted by joemama 1304 days ago in USD, AUD, Technical made popular 1304 days ago

No trade today as AUD/USD did not make another attempt to to go lower, instead finding buyers above .6000. Risk appetite grew across the board during today's trading session as equities found buyers and after the Bank of Japan announces they will

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Cross-Eyeing: EUR/JPY - Trade Adjustment

posted by joemama 1304 days ago in EUR, JPY, Technical made popular 1304 days ago

My short entry orders were triggered during the morning European trading session and it looks like sellers were ready to jump all in as the pair dropped from 131.00.

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Pick of the Day: EUR/USD

posted by joemama 1304 days ago in USD, EUR, Technical made popular 1304 days ago

The FOMC cut rates by 50 basis points yesterday, which was enough to push EUR/USD further up to my entry orders at 1.3000. Unfortunately, it pushed it up way more than that as the rally took the pair as high as 1.33 during the Asian session befo

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Federal Reserve and IMF are Getting Good with Handouts

posted by joemama 1304 days ago in USD made popular 1304 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve.

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Global interest rates in 2008

posted by joemama 1304 days ago in USD, EUR, JPY made popular 1304 days ago

The Federal Reserve cut U.S. interest rates by a half-percentage point to 1.0 percent on Wednesday to try to stave off a prolonged recession, and left the door open to further reductions if needed.

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World markets cheer Fed rate cut

posted by joemama 1304 days ago in USD, Fundamental, Inflation made popular 1304 days ago

World stock markets rose Thursday after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy and opened new credit lines with other central banks.

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U.S. Economy Shrank in the Third Quarter as Spending Dropped

posted by joemama 1304 days ago in USD, Fundamental, GDP made popular 1304 days ago

The U.S. economy shrank in the third quarter by the most since the 2001 recession as the record two- decade expansion in consumer spending came to an end.

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Euro rallies on upbeat sentiment

posted by joemama 1518 days ago in EUR made popular 1518 days ago

The euro rallied sharply this week as figures showed the eurozone economy was weathering the current turmoil on financial markets better than expected

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Strong Dollar Flattens Gold

posted by joemama 1518 days ago in Gold made popular 1518 days ago

Gold prices were falling Thursday as the dollar appreciated against the euro.

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Further upward potential for the euro is limited

posted by joemama 1518 days ago in Weekly made popular 1518 days ago

A brief summary of current events and developments influencing the forex markets and assesses short-term market trends.

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The Canadian Economy in Brief

posted by joemama 1518 days ago in Quarterly made popular 1518 days ago

Reviewing previous economic quarter data.

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The Poser Factor: A Psychologist's Take on the Presidential Election

posted by joemama 1518 days ago in Daily made popular 1518 days ago

As the Presidential election grinds along, candidates periodically whine about their media coverage. The truth of the matter, however, is that--for th

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