Student’s Comment:
 
Daily GBP/USD. I would look to get short if price tested the 38.2 level again, but only with candle stick confirmation.
 

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Trading a news release can be a humbling experience at times.

Continue reading " Trading the Nonfarm Payrolls "

One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
 

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 The fist quarter of 2010 is finally behind us and the results are quite interesting. It seems like it is the first time in a very long time that we have seen a quarter which has produced solid performance in equities, commodities and the USD all at the same time. 

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• Dollar Swings to the Opposite Extreme of an Otherwise Stable Risk Scenario
• Euro Rallies on Ailing Dollar and Rate Hike-Friendly Economic Data
• British Pound Extends its Strongest Advance Since Mid-January
• Japanese Yen Marks a Critical Break on Risk Concerns and with Little Guidance from Data
• Canadian Dollar Advances as GDP Leverages Interest Rate Expectations Further

Continue reading " Dollar Swings to the Opposite Extreme of an Otherwise Stable Risk Scenario "

 The unremitting struggle between fundamental and speculative factors in the energy market took a notable shift Wednesday. Despite another increase in US fuel stockpiles, the active crude futures contract on the NYMEX put in for an early morning rally that pushed the market through the frequented $83 level and on to an intraday high that [...]

Continue reading " A Dollar-Fueled Rally for Crude Leaves the Commodity Just Below 17-Month Highs "

 The Australian dollar has seen its volatility quiet as the RBA’s tightening cycle is expected to take a pause and risk sentiment ebbs and flows. The central bank is expected to keep rates at 4.00% at their upcoming policy meeting which could see them remain on hold over the near-term. Meanwhile, a weak U.S. ADP [...]

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Continue reading " NFP’s and Thin Markets May Lead to Whipsaw Action "

The German unemployment rate unexpectedly fell from a revised 8.1% to 8.0% against expectations for a rise to 8.2%. The number of out of work Germans dropped by 31,000, marking the ninth straight month that the economy didn’t add to its unemployment rolls.

Continue reading " German Unemployment Falls As E.Z. Inflation Expectations Rise, Putting ECB on Alert "

Manufacturing in the U.S. is expected to expand at a faster pace in March as market participants forecast the ISM index to increase to 57.0 from 56.5 in the previous month, and the data is likely to encourage an improved outlook for the world’s largest economy as the recovery gathers momentum.

Continue reading " EUR/USD: Trading the ISM Manufactuing Report "