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Good day forex trading koalas. How is your weekend coming along? Mine is warm and dry, perfect for the afternoon nap. LOL ZzzzZzz. In the previous EUR/USD Weekly Review, we noted that both SMAs are flat. This suggested that any long term momentum might be a distant possibility. The long term SMA 200 laid right [...]
Trading the News: U.K. GDP What’s Expected: Time of release: 07/26/2011 8:30 GMT, 4:30 EST Primary Pair Impact: GBPUSD Expected: 0.1% Previous: 0.5% DailyFX Forecast: -0.2% to 0.2% Why Is This Event Important: Economic activity in the U.K. is projected to increase 0.1% in the second-quarter following the 0.5% expansion during the first-three months of 2011, and the slowing recovery is likely [...]
The USD is still suffering despite a generally ugly start to the US session. Can the greenback stay down if risk remains under pressure? Also – USDJPY challenging that key 80 level again. The USD is still licking its wounds As we discussed in our weekly wrap video from Friday, the weak USD/weak risk picture [...]