by Henry Liu on September 4, 2011
Last Live Webinar for my FNTA (forex news trading academy) I talked about the 5-golden rules to news trading, which not only helps you to understand fundamental analysis, but also shows you how to read the market. I believe one of the most important missing links to Forex trading is understanding the market.
It may sound simple, but many traders lose their entire accounts without even catching a glimpse of what that is all about, and for some people, the difference between success and failure is just that, being able to read the market.
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by Henry Liu on August 7, 2011
Last week was a crazy week with 13 scheduled news releases on top of the debt ceiling vote out of Washington. At the end of the week, we’ve got a mixed market with a slightly better NFP report versus the surprise downgrade of US’ credit rating. With the current market falling into safety flows, we may see some more demand in the U.S. Dollar, along with CHF and JPY, despite of the downgrade… Of course, the next focus could be on Spain and Italy, therefore we should use extreme caution as we move forward this week.
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by Henry Liu on July 29, 2011
This week is going to be an extremely busy week as we have 13 news releases to trade. I’ve to warn you upfront that in a news driven week such as this one, market tends to be indecisive and we could see wild swings as different surprises dominate market sentiment… This is going to be one of those weeks that we follow the trade plan strictly and use tight TP & SL…
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by Henry Liu on July 23, 2011
This past week we saw uncertain market condition as the debt ceiling issue in the U.S. and the bailout talks in EU both stalled. With the EBA Bank Stress Test results fail to inspire confidence, market sold off both Euro and US Dollar at the beginning of the week.
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by Henry Liu on July 15, 2011
This week could only be described as confused. With the risk aversion momentum carried over from last week on sovereign debt concerns in Greece, Portugal, Spain, and even Italy, market sold off the EUR during early week. Then in a twist of events, first with the FOMC Minutes showing extensive discussions on further Quantitative measures, followed by the Fed Chairman Bernanke’s testimony openig the door for QE3, market immediately turned around and sold off the USD.
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by Henry Liu on July 8, 2011
This past week we saw sovereign debt concern dominate market as S&P downgraded Portugal’s sovereign rating. China hike interest rate again, which added concerns on global recovery and drove down commodity prices.
In the Interest Rate front, RBA and BOE decided to keep rates unchanged while ECB hiked rates by 25 basis point as expected. Trichet’s Press Conference supported the Euro as ECB is suspending minimum credit threshold for Portugal, eliminating any funding concerns.
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by Henry Liu on July 1, 2011
Considering that July 1 is the start of a new quarter, new month, and new beginning for the second half of 2011, market reacted exactly as one would expect, with optimism and risk appetite…
The most important development for the week was undoubtedly the sovereign debt situation in Greece. With the passing of both bills (Asterity Plan and Implementation) in Greece Parliament, investors can feel relieved as default has been averted. The next important market mover will be ECB’s rate decision on Thursday, followed by NFP from US on Friday.
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