Forex Killer App. Blog

The British pound fell again after meeting renewed selling at 1.6516 earlier today, however, as cable has recovered after finding support at 1.6314, suggesting minor consolidation would take place and recovery to 1.6422 (previous support) cannot be ruled out but the Kijun-Sen (now at 1.6518) would attract fresh offers, bring…
Source:Trade Idea: GBP/USD - Sell at [...]

I personally know a number of traders who have been interested in getting into the forex market but don’t want to stake the risk associated with it. I’ve been a regular forex trader for a few years and stand by my claims that there’s only as much risk as you leave room for. If you [...]

U.S. Dollar Trading (USD) continued Friday’s rally in Europe with the Euro breaking below 1.4800 for fresh 5 week lows before a speech from Ben Bernanke signaled that the markets speculation about the timing of US interest rate hikes was off. Stocks rebounded and the USD gave up much of…
Source:Bernanke Halts Dollar Rally