Chapter 3 – How does the Forex Market move?

I wish there is an easy answer that we can come up with. Like a special report titled “the 20 attributes of EUR/USD” or something alike. But the matter of the fact is there isn’t a simple answer for this question. But then the key to understanding the market lies within the principles, not the […]

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UK Retail Sales m/m 12/17/09

4:30am (NY Time) UK Retail Sales Forecast 0.5% Previous 0.4% ACTION: GBP/USD BUY 1.1% SELL -0.1% Definition: Is a direct measurement of consumer activities at the retail levels. A higher release is good for the economy, thus better for it愀 currency; a lower release is considered as negative for the economy and not good for […]

US ISM Manufacturing PMI 10/01/09

10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.9 Previous 52.9 Definition “The Institute of Supply Management (ISM) Manufacturing Index measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation´s currency. To produce the index, purchasing managers […]

European Stocks, Pound Decline on Deficit Woes; Gold at Record

Shared by Henry

Now that GBP started to feel the pinch after seeing EUR drop below the 1.20 level… since the correlation of these two currencies are high, expect to see further decline in the GBP.
European stocks fell for the third day and the pou…

USD/JPY’s Weakening Correlation with Risk Could Provide Opportunity

Shared by Henry

JPY is weakening signaling that carry trade may still be alive despite of market condition. Risk aversion or not, the direction for the market for traders on JPY should be SELL.
The issues in Greece are re-emerging as a concern for…

Jobless Claims in U.S. Unexpectedly Rose Last Week (Update1)

Shared by Henry

This may add concerns over U.S. economy and its recovery. Although this release is a weekly number, it shows a strong correlation to the jobs market and its trend. I wouldn’t dismiss it outright, but I will reserve judgment and watc…

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