I think by most conventional measures, used by most professional investors, European Central Bank Chief Mario Draghi has been a success. He has bolstered the returns for equity funds considerably since his decision to utilize a three-year term, instead of one year, in the ECB recent liquidity injection to European banks.
In a surprising turn of events, the Reserve Bank of Australia (RBA) announced yesterday that they have decided to keep rates steady at 4.25%. This was opposite of the market's expectation that the RBA would cut rates again for the third time in a row.
With Greece one step closer to drafting a debt deal, I think it's time to hop on the euro bandwagon! This time, I'm going long as EUR/JPY seems to be breaking past the 102.00 handle!
Alas, risk appetite reigns supreme once again! Will the good vibes carry over in today's trading? Read up on the events that could affect market sentiment in my forex fundamentals report!
And just like that, it's Wednesday already! Let these awesome setups on EUR/JPY, AUD/USD, and EUR/GBP help you get over Hump Day!
It was the combination of events from both Europe and the US to finally push traders to finally break the 1.3200 level.
I had a couple of trades today but unfortunately I ended up slightly negative for the day. I still have plenty of days in the week to trade so I'm not totally bummed. See how it all went down in today's Cowabunga Surf Report.
Phew! Saved myself from a heartache on this one! Here's why I decided to close my open orders on AUD/USD and what I learned from this trade setup.
And the losing streak comes to an end! Finally, after weeks of being on the red, I tasted my first win for the year with my EUR/USD trade.
Calling all humans! I, Robopip from the land of Beep Bop-Bzzzt-Beep, shall be backtesting the winning system for January's Best Forex Trading contest. Here's what I'll be doing...
The cool cats of the BabyPips.com community have spoken. This week's trade of the week winner is none other than...
With the first month of the year in the books, now is as good a time as any to evaluate your trading resolutions for 2012. Were you able to stick to them? If you weren't, don't fret. It's all part of the process of change after all.
I see the EUR/USD in a state of transition and not to be left out...I see the U.S. Dollar Index in the same transition. While the EUR/USD is moving sideways at the BOTTOM of its range, the greenback is doing it at the TOP of its uptrend.
