… Taken from my Weekly Outlook Report February 22~26, 2010… After this analysis we saw perfect SELL entries on both EUR/USD close to 1.3700 and GBP/USD 1.5580 area… If you had a chance to read this report before the drop, you’d have been on the right side of the market.
Written on 02/21/2010 just before the risk aversion sentiment on Monday/Tuesday
Last week’s most notable news was probably the surprise rate hike by the Federal Reserve on its discount rate, from 0.50% to 0.75%, which raises the costs of borrowing from banks to other banks. This is not to be confused with the Federal Funds rate, which still remains at the current level of 0.25%.
This is a preview of Forex Market Analysis for the week of 02/22/2010. Read More...
RBA(Reserve Bank of Australia) is expected to release its Meeting Minutes for the rate decision 2 weeks ago; and if you remember, it was a surprise to the currency market as a whole as RBA hiked it’s Cash Rate by 25 basis points, from 3.00% to 3.25%. As with most analysts, I didn’t expect RBA to hike rates until 2010, and I was genuinely surprised by this decision, and of course, market responded with a frenzied demand for AUD and pushed AUD/USD pair to new 2009 highs.
This is a preview of Australia Monetary Policy Meeting Minutes 10/19/09. Read More...
Bank of Canada will release a quarterly Monetary Policy report and then hold a press conference with a prepared statement and then followed with a questions and answers session. This monetary policy report usually provides insights over future BOC monetary policy direction and economic projections, which is extremely important for all investors. The press conference scheduled 45 minutes later will also be high impact as the market may be surprised by the answers to many of the questions asked.
This is a preview of BOC Monetary Policy Report and Press Conference 07/23/09. Read More...
Hello everyone, as promised, here is the video result for the live trading signal issued last Wednesday (7/15/09) during mid Asian Session on a general risk aversion sentiment, with the following trades:
If you remember it correctly, the numbers in parenthesis were my actual entries, and my original target was 50 pips per trade and then lock in the trade by moving my stop/loss at entry to prevent a winning trade turning into a losing one…
The results were pretty good, at least for my account, listed below are the best case scenarios:
This is a preview of Risk Sentiment Trading – Video for 7/15/09 Signal. Read More...
Fed. Chairman Bernanke is scheduled to testify in front of House Financial Services Committe in Washington DC on the semi-annual policy report. If Bernanke is hawkish in his tones over future economy outlook, then we should see risk appetite sentiment where USD should gain substantially against JPY; however, if the chairman’s tone were rather dovish, or expresses his concerns over the prolonged recession and contraction of the economy, then we will likely see risk aversion sentiment driving the market, where JPY should gain against USD.
This is a preview of US Fed. Chairman Bernanke Testifies 07/21/09. Read More...
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