1. USDJPY (Daily Chart) – Power Pivot Trade Long 02.06.2014 – The pair was fresh off a significant bounce higher from a strong support level and divergence so when the first pull back came it provided an efficient entry to enter and ride up to the top of its channel around the 102.70 level. Last
The euro rose from a four-month low against the dollar amid speculation the European Central Bank’s (ECB) package of growth-boosting measures isn’t enough to weaken the currency as part of efforts to bolster economic growth. The 18-nation currency dropped earlier after the ECB became the first major central bank to charge fees on deposits and
The world premiere Titans of Wealth seminar took place on Saturday 31st May at the Hilton Hotel, Park Lane. Nearly 600 people were queuing from 8am in the spectacular chandelier laden foyer awaiting the inaugural event. They were not disappointed as Andrew Barsa, the world’s leading wealth coach, who had flown in especially for this
In contrast to last week, there is an abundance of high impact data out this week specifically for foreign exchange traders. Most noticeably will be the European Central Bank press conference. The European Central Bank have already threatened to take action to hold down the EURUSD. However they are renowned for surprising the market and may
1. GOLD (Daily Chart) – Ascending Triangle Breakout Short – 27.05.2014 – Having stagnated sideways for the majority of April and May, demand for stock of Gold had formed a classic symmetrical triangle pattern, with price working its way into the apex and getting close to a breakout. Traders were awaiting a break lower as
In a relatively quiet week of high impact news it was the Sterling who took the brunt of some short term negative sentiment. GBP had a tough week across the board this week after the collapsed £69bn takeover bid for UK pharmaceutical firm AstraZeneca by the US drugs giant Pfizer. This was a huge deal
You must be wondering how news affect Stock and Forex Trading. We have discussed the strong pound in recent weeks as an abundance of good news has caused it to surge over 10% in the past 12 months. The question is how long can this run be sustained? Well all this positive data has now
1. NZDUSD (5Min Chart) – Pivot Trade Short 21.05.2014 – The Kiwi, having spent so much time on the daily timeframe heading higher, eventually topped out and provided the lower high and lower low needed to consider trading it short. Price was fast approaching a big support level on the daily chart so only a
Minutes released from this month’s meeting showed officials on the Bank of England’s Monetary Policy Committee voted unanimously to keep the benchmark interest rate at a record-low 0.5 percent. They also indicated the policy decision was becoming “more balanced” for some of the nine members as the economy recovers. Also out of the UK this
1. EURUSD (5Min Chart) – Pivot Trade Short 14.05.2014 – Sentiment on the EURO was extremely weak across the board through Tuesday after comments from Bundesbank aligned with the ECB’s threat’s to intervene if necessary to keep the exchange rate down. After a day like Tuesday, it provides a fantastic opportunity to get into the
