Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.
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Our remaining short position reached as low as 1.6150 before reversing back up to our readjust stop at breakeven. This pair has moved within this 50 point range and may continue to do so for the rest of the week with the lack of significant data for the Euro.… More…
It looks like currency markets are quiet at the moment as traders sit and wait for news to come out later today. EUR/GBP has been trading in a 5 pip range since about 7:00 pm EST yesterday. This is a good sign that we may see a breakout later today, especially with the… More…
My idea to short AUD/JPY proved to be wrong as Bank of Japan Governor Fukui's comments outweighed the Chinese rate hike. The Yen sold off throughout the rest of the Asian and Euro trading session, stopping out our trade along the way. So… More…
The Swiss Franc has been on a tear lately, and the Sterling - well let's just say it hasn't been so well! Things might change for Cable soon as the UK reported a better than expected Trade Balance number at -6.2B versus the forecast of -7.0B. On the chart… More…
It looks like EUR/CAD is dropping as hoped for, but our short entry was never triggered as the pair came up as high as 1.5524, narrowly missing our short order by about 6 pips. With the Loonie rallying against the Euro and way past the bottom of the channel we will … More…
It has been a hysterical past couple of days in the markets, starting with a 9% drop in the Chinese markets, then a 3% drop in US equities, and in the forex markets we're seeing the Yen rise on "carry trade liquidation" fears. Now that the panic seems to have subsided, do we jump back in long some of our favorite carry trades? Well, maybe not the yen, but EUR/CHF looks nice!… More…
