Forex Killer App. Blog

Our British Pound short position has met its initial objective and we have revised the profit target lower to 1.50. We have also added a short Australian Dollar position and remain short the Euro and long the Yen against the US Dollar. (source: Daily FX) - RSS news feeds and Widgets on Feedzilla.com
Source:British Pound [...]

Intra-day rise to 1.3629 adds credence to our view that further consolidation above recent low at 1.3443 would take place, however, as price has retreated after meeting offers right at the Ichimoku cloud top, sideways trading would continue and weakness to the Tenkan-Sen (now at 1.3540) is likely but only…
Source:Trade Idea: EUR/USD - Stand aside

Japan’s retail sales fell for a seventh consecutive month in March as weakening labor market prompted households to cut spending in a clear sign that Japan’s economy is seeing no evidence of a rebound in consumer demand. Sales declined by 3.9% earlier which was actually a bit better than the market consensus of a 4.7% [...]

FAP Turbo is easily the most controversial automated trade program available and advertised to give you a leg up in your trading these days. Eventually I just got sick of hearing about how it was a money machine from one side and the biggest one all the forex trading scams from others, so after hearing [...]

As a foreign exchange trader, you may want a nifty tool that will help you with your Forex activities online which means that you have to pick the best Forex system trading. Deciding which the best Forex is system trading for you may come as a challenge, especially now that there are several Forex robots [...]

There has been much to digest since the last Bank of Canada decision, though little to motivate a major change to the monetary policy outlook. Central bank speakers have filled the calendar like never before, however none managed to reveal anything profoundly new on the outlook for monetary policy. The…
Source:BoC Monetary Policy Monitor: Set Housing [...]

With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perceptio… (source: Forex Blog) - RSS and News widget on Feedzilla.com
Source:Understanding the Greece [...]

Japan’s retail sales fell for a seventh consecutive month in March as weakening labor market prompted households to cut spending in a clear sign that Japan’s economy is seeing no evidence of a rebound in consumer demand. Sales declined by 3.9% earlier which was actually a bit better than the market consensus of a 4.7% [...]

The prospect of keeping trading instruments open and active during the trading day for the highest possible profits is very alluring for some traders. Since the value of a trading instrument can vary greatly during the trading day, there is very high potential to make money by closing the necessary positions by the end [...]

If you’ve just gotten into the foreign exchange market, welcome to the largest international trading market in terms of volume. The Forex market operates 24 hours a day - six days a week and moves about $3 trillion each day. If you’re not yet in the market, you’ll need to do a little bit of [...]