Forex Market View for February 27, 2015

  Forex Market View for February 27, 2015 Gold prices leapt to a high of USD 1217.4/Oz levels, then staying at the 100-DMA positioned at USD 1214.37/Oz levels. XAUUSD seems ready to complete the week higher, contrasted to the prior week’s close at USD 1200.4 levels. Prices improved after Fed chairwoman Janet Yellen stated the… Read More »

Forex Market View for February 26, 2015

Forex Market View for February 26, 2015 Gold prices wiped out some of their advances as the strong US dollar weighed. XAUUSD currently trades well under the 100-DMA found at USD 1213.86 levels. Gold presently trades at USD 1208/Oz levels; higher by 0.58% for the day. The immediate support is found at 1204.72, lower by… Read More »

News Trading in Forex

One of the advantages of Forex Trading is that there is a wealth of trading opportunities. In order to discover these trading opportunities Forex Traders must know when major economic reports are released and the schedule for these events. Having and knowing this information isn’t any different from a stock trader that needs to know… Read More »

Forex Market View for February 24, 2015

Forex Market View for February 24, 2015 EUR/CHF tumbled to a low of 1.0724 throughout the European and then rose almost 50 cents before the recovery was curbed by 1.0780. EUR/CHF stopped support at its bullish trend line. An abrupt dip back to earlier-resistance-turned-support at 1.0640 or under is possible. GBP/USD hovering over 1.5460. The… Read More »

Forex Market View for February 23, 2015

Forex Market View for February 23, 2015 Crude oil prices in the US deteriorated and are trading well below USD 50/barrel. The strong US dollar is also effecting Crude prices. Oil is additionally under pressure as the largest strike in the history of oil refinery workers ever since the 1980s. Gold is dropping under the… Read More »

Forex Market Sentiment Explained

In Forex Trading there are many different technical tools to choose from that give an indication of market direction. One of the more interesting tools available to traders are Forex Market Sentiment. Forex Market Sentiment offers a unique look at the market for traders since the information can be interpreted in multiple ways. Unlike most… Read More »

Forex Market View for February 19, 2015

Forex Market View for February 19, 2015 Germany has vetoed an appeal by Athens to prolong its €172bn bailout in spite of an important about-face by the new Greek government, which for the first time on Thursday vowed to work on finishing the economic reform measures mandatory by the present rescue program Spokesman Jäger said… Read More »