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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It looks like sentiment has changed intraday as the pair was unable to break resistance at 2.4250. Ahead of this morning's economic events I would like to … More…
The remaining portion of our trade was stopped out at breakeven last evening as traders lightened up on risk and unwound some of their carry trade positions. China triples the share tax on securities transactions which brings a concern that traders may … More…
As I expected, EUR/GBP met resistance at .6850 and then turned lower during this morning's Euro/Asia trading session. The Euro sold off against the Dollar big time as the interest rate cut outlook in the US seems to be waning - this affected Euro crosses across the board. … More…
After a few days of waiting, our trade finally made the move down as the British Pound made rallied against the Euro this morning to hit our profit target at .6800. So, we were right in our outlook on the British Pound against the Euro and… More…
