Archive for ‘June, 2011’

US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

A New Month Brings New Opportunities in Currency Trading

A New Month Brings New Opportunities in Currency Trading

The EURUSD triangle is contracting, which should present short term range opportunities early this month. There is a significant reversal opportunity in the USDCHF.

Two Techniques to Maximize the Results of a Trade

Two Techniques to Maximize the Results of a Trade

Trailing a Stop and Trading Multiple Lots Can Help in Trade Management

Sell GBPUSD rallies

Sell GBPUSD rallies

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QE2: Was it Worth It and Will There be a QE3?

QE2: Was it Worth It and Will There be a QE3?

On June 30, 2011, the Federal Reserve’s second round of Treasury bond buying, informally known as quantitative easing, or QE2, came to an end. With a QE3 program unlikely to occur. the question arises: was quantitative easing worth it after its influence on the Greenback

Buy USD/CAD After Rebound Above Two-Month Range Bottom

Buy USD/CAD After Rebound Above Two-Month Range Bottom

The Dollar-Loonie pair remains within its long-term descending channel, though a rebound in the near-term may be on the horizon.

NZDCAD- Long Scalp

NZDCAD- Long Scalp

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NZD/CAD Approaches Channel Support- Bullish Scalp

NZD/CAD Approaches Channel Support- Bullish Scalp

As market sentiment continues to improve, higher yielding currencies like the kiwi have been on the advance. Although today’s better-than-expected Canadian GDP print fueled loonie gains, scalp entry points are in now in sight as the pair continues to trade within a well defined ascending channel.

Strong Risk and Euro Momentum Will Soon Enter a Liquidity Vacuum

Strong Risk and Euro Momentum Will Soon Enter a Liquidity Vacuum

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US dollar share in FX reserves falls in Q1: IMF

US dollar share in FX reserves falls in Q1: IMF

NEW YORK : The US dollar’s share of allocated currency reserves fell in the first quarter, while global central bank holdings surged to a record near $10 trillion.