Trades of the Day

Read more….

Japan Intervention Hinges on Yen Moves, Not Level, Gyohten Says (Bloomberg)

Feb. 5 (Bloomberg) — Japan will consider intervening in the currency market based on the pace of the yen’s appreciation as opposed to the level at which it trades, a former Finance Ministry official said. Read more….

Mexican Peso Trades Near Record Low on Economic Growth Concerns (Bloomberg)

Feb. 3 (Bloomberg) — Mexico’s peso fell to near a record low on mounting concern the slumping U.S. economy will further curb export demand and trim investment flows to Latin America’s second-biggest economy. Read more….

Australian Dollar Trades Near Two-Month Low as Rate Cut Looms (Bloomberg)

Feb. 3 (Bloomberg) — The Australian dollar traded close to a two-month low and New Zealand’s neared its weakest in six years on speculation the Reserve Bank of Australia will cut interest rates more than economists estimate to the lowest since the 1960s. Read more….

Trades of the Day

Read more….

US Dollar Trades Higher Versus Hong Kong Dollar (Nasdaq)

(RTTNews) – The US dollar traded higher versus its Hong Kong counterpart during Monday’s early Asian trading. At about 11:15 pm ET, the pair rose to 7.7563, compared to Friday’s closing value of 7.7546. If the US currency strengthens further, 7.757 is seen as the next upside target level. Read more….

Rand Trades Near One-Week Low Against Dollar on Growth Concern (Bloomberg)

Feb. 2 (Bloomberg) — South Africa’s rand traded near its weakest level in a week against the dollar on bets the biggest interest-rate cut in more than five years this week won’t help prevent Africa’s largest economy from sinking into a recession. Read more….

Rand Trades Near One-Week Low Against Dollar on Growth Concern (Bloomberg)

Feb. 2 (Bloomberg) — South Africa’s rand traded near its lowest level in more than a week against the dollar on speculation the biggest interest-rate cut in more than five years on Feb. 5 won’t revive Africa’s largest economy. Read more….

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

British Pound Outlook Hinges on BOE Rate Decision, Policy Statement (Daily FX via Yahoo! Finance)

The British pound was the strongest of all the majors last week, as the currency trades in a highly speculative manner and attempts to recoup the massive losses accumulated between October 2008 and January 2009. Read more….

Trades of the Day

Read more….

Trades of the Day

Read more….

Yen Trades Near Record High Versus Pound on U.K. Bank Concern (Bloomberg)

Jan. 22 (Bloomberg) — The yen traded near a record high against the pound as speculation that the deepening financial crisis will force the British government to nationalize banks boosted the haven appeal of Japan’s currency. Read more….

The Importance of the Risk:Reward Ratio

Trader A has a win percentage of 75% on all trades while trader B has a win percentage of closer to 40% on all trades. Which trader is more profitable? Of course we can’t answer that as we don’t know how much each trader makes when they are right compared… Read more….

How to Handle a Losing Streak

Don’t overtrade. If you are trading several markets and not having any success, cut back to trading one or two markets. You can follow fewer trades more closely and document your success or failures more easily. Plus, your trading account won’t be drawn down so quickly. Read more….