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Day: November 20, 2007
November 202007
Scalping Forex Strategy Article
Now you can read a new Forex article on my site — Scalping The Forex Market For Profits Every Day (by Dean Sauders). As you can guess from its title it is about scalping. This article offers an interesting scalping strategy based on the big amount of Weighted Moving Average. Basically, it is a support and resistance system traded on M1 charts with 24 different levels. Scalping this way gives […]
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November 202007
Mixed Housing Data and FOMC Minutes
EUR/USD is hitting its all-time record high level beyond 1.4800 after the pessimistic analysts’ forecasts on housing data appeared to be almost completely true today. Housing Starts for the October grew to a seasonally adjusted annual rate of 1.229 million, compared to 1.193 million in September and 1.175 million expected for this month. Meanwhile Building Permits dropped significantly — October seasonally adjusted annual rate appeared 1.178 million, compared […]
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November 202007
Yen Falls on Risk Hungry Markets
Japanese yen restarted its falling against other world currencies today (even against the dropping dollar) as the risk hungry investors begin to reenter carry trades. While the Nikkei 225 index gained a little more than 1 percent — first rising day after four consecutive losing days, Yen lost more than 1 percent of its value to the high-yielding currencies. Among highest gainers against JPY today […]
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November 202007
EUR/USD on Record High
As the Forex traders wait for today’s housing data release, EUR/USD reached its new historical maximum at 1.4778. With just a little trailing back it continues to hover around 1.4770 level ready to strike again to probable 1.4800 level. Markets await a huge decline in Housing Starts and Building Permits releases today. Both data reports […]
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