August 2013 -

Syrian Conflict and The U.S. Dollar

August 29, 2013 4:14 am GMT+0  in Forex Fundamentals and News, Historical and Research

If we search for “Syrian conflict and EUR/USD” or such search terms, we will find a lot of news items and predictions. Most of those would indicate a rise in dollar strength because it is considered to be a safe haven currency. Would you like to sell buy dollars against other currencies e.g. sell EUR/USD […]

Fundamental Analysis and Technical Analysis

August 28, 2013 3:27 pm GMT+0  in Forex Articles

A forex trader needs to learn a lot of things in order to grow as a trader and be able to formulate sound forex trading strategies. One of the things he needs to learn from the get-go is fundamental analysis and technical analysis – and what their differences are. Many traders use both of these […]

Threat of war in Syria giving a boost to the US dollar

August 27, 2013 8:32 am GMT+0  in Forex Articles

Geo-political concerns in the Middle East and rising tensions in Syria have given a boost to the US dollar against Sterling this morning. Sterling was trading above 1.57 USD last Wednesday and is now nearer the 1.55 USD level as the “flight to safety” has given a boost to the greenback. Continued weakness in emerging […]

Time for the US dollar to recover from recent weakness?

August 23, 2013 12:40 pm GMT+0  in Forex Articles

On Wednesday 14th August,  Sterling was trading above 1.57 USD and the Euro was trading above 1.34 USD. On fundamentals, there seems to be disparity between the economic situation in the UK and Europe to justify the strength in their respective currencies. No doubt economic data in the UK recently has exceeded expectations with GDP […]

All About Forex Orders

August 22, 2013 4:44 pm GMT+0  in Forex Articles

The instructions you make to enter and exit a trade in the forex market are called orders. There are different types of orders you can enter and while some orders are basic, other orders depend on the kind of forex trading strategy you have formulated. Following are the basic order types you can place in […]

Is the Indian Rupee near the bottom?

August 21, 2013 10:41 am GMT+0  in Forex Articles

When there is blood on the streets, that’s the time to invest or as Warren Buffett says “Buy fear, sell greed” well perhaps it is time to take a closer look at the Indian Rupee. The currency has been in free fall since the start of the year as concerns about their budget deficit and […]

Euro Strength – how long will it last?

August 19, 2013 10:04 am GMT+0  in Forex Analysis

The strength in the Euro over the last few weeks has surprised many. Euro strength has certainly defied the bears but for how much longer? The euro is currently trading at 1.3340 just 3 cents below its 52 week high against the US dollar. Even as political crises have intensified in Greece, Portugal and Spain, […]

Fibonacci Signal following Kumo Break

August 16, 2013 3:00 am GMT+0  in Forex Strategies

The MT4 chart below displays the EURUSD daily chart, with the Ichimoku indicator displayed.   As you can see on the left, after the Kumo support breakout, prices started to retrace. Traders who are looking to re-enter this well established bearish trend can draw a Fibonacci retracement on the last swing low, and we see […]

Sterling approaching 1.56 USD as recovery continues in the UK economy

August 15, 2013 9:22 am GMT+0  in Forex Articles

Economic data out earlier this morning from the UK at 930am highlighted the strength of the UK economy. Better than expected retail sales for July figures came out at 3.0% versus expectations of 2.7% year on year. Retail sales in the UK jumped by 1.1% in July, according to the Office for National Statistics (ONS). […]

Strength in Sterling a negative for UK Equities

August 14, 2013 11:38 am GMT+0  in UK

Sterling has been remarkably strong in recent weeks rising from 1.48 USD to the current level of 1.55 USD. Economic data has been better than expected with PMI (Purchasing Manager’s index) figures the best for 6 years, GDP second quarter figures double the 0.3% expected growth surprising the market with 0.6% and subsequently increased growth […]

Harami Leads GBPUSD Reversal

August 14, 2013 5:27 am GMT+0  in Forex Analysis

In the following daily GBP/USD chart, we see the Ichimoku indicator accompanied by Candlestick Patterns. Prices have been on a strong uptrend, beginning from below the Ichimoku cloud since early July 2013’s low of 1.4818. GBPUSD Daily Chart from Bloomberg We draw your attention to the Candlestick pattern shaded in Green: Harami (HR): Second real […]

EUR/USD: Federal budget balance can weaken USD

August 12, 2013 11:53 am GMT+0  in Forex Analysis

EUR/USD: Federal budget balance can weaken USD 1. Current trend On the last trading day last week the American dollar slightly regained its positions: quotes of the pair EUR/USD fell by 60 points. This decline was caused by positive US macro-economic statistics. It became known that inventories at the warehouses of the wholesale companies have […]