 |
|
|
|||||||||||||||||||||
I just posted a video for you on a special trick in Forex News
Trading that made me tons of money during the spike trading days,
although you can’t really spike trade anymore, this trick still
works great for news trading and just normal Forex trading…
And of course, if you have a broker that currently allows you to
spike trade, you’re going to LOVE me for showing you this neat
little trick…
Hi everyone,
I just wanted to say that with today’s unexpected turn of events from the U.S. GDP release, market has turned around from last 3 days of risk aversion concerns to an all out risk appetite and boosted gains of every major currency against the USD… This created a strong reversal on the GBP as it blew through several resistance points… and boy, did I ever hear about it from my subscribers! I spent almost half-day just replying emails to traders who just totally ignored the US GDP release and went short on Sterling. I got hate mails, critiques, and tons of emails from concerned subscribers, which I must say that I’m always happy to hear from…
8:30am (NY Time) US ADV GDP q/q Forecast 3.2% Previous -0.7%
ACTION: USD/JPY USD/CHF BUY 3.5% SELL 2.9%
Our focus tomorrow will be on the first quarterly release of U.S. GDP numbers. Analysts are already saying that we could be looking at upward surprises as recent market sentiment is at all year high. We are looking for a 0.3% deviation on the expected 3.2%. Therefore if we get a 3.5% on the advanced 3rd quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 2.9% release, then we would be SELLING USD/JPY. With USD being regarded as safe-haven currency, if we get a worse than expected number, we might still see USD getting stronger as traders scramble to BUY US Treasuries, making USD stronger than most european currencies such as Euro and Sterling.
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012) Politics in Europe were the focal point for the markets this week, as the election results in France and Greece added another ... (3,995)
Forex Trading Strategies #3 – The Correct Trend This is part 3 of my 7-part series on trading strategies. Click here for part 2: The Right Timing.
Forex Trading ... (2,144)
Forex Trading Strategies #4 – Support and Resistance This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct ... (2,129)
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
The entire financial world will be paying attention to the meeting minutes from the last FOMC meeting where the Federal Reserve ... (2,002)
Forex Trading Strategies #5 – Market Psychology This is a 7-part series on Forex Trading Strategies, Click here for my strategy #4: Support & Resistance
I have given a ... (1,983)
Forex Trading Strategies #2 – The Right Timing This is part 2 of my 7-part series on trading strategies. Click here for part 1: The Real Reason.
Forex Trading ... (1,962)
US Core CPI – May 15, 2012 – Forex Strategy
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost ... (1,896)
Forex Trading Strategies #1 – The Real Reason I've decided to share some of the thought process that I go through when deciding to take a trade, this is ... (1,736)