Where Do We Go From Here?

Well, US non-farm payroll numbers where released, the market reacted and now all the traders have retired for the weekend. For the record, US non-farm payroll (NFP) rose by 121,000 in June. A figure I was personally watching this morning, the revision from May (which I thought was low) was revised from 75,000 to 92,000. Also, average hourly earnings increased to 0.5% from 0.1%, which to me reflect...

July USD Outlook

Here is what I see as a possible July USD OutlookPossible end of tightening cycleNo Federal Reserve meeting – No interest rateQ2 GDP will likely drop below 3% vice 5.3% in Q1Wave 5 extension beginning EUR/USD and GBP/USDJuly could be a rough month for the U...

Forex and the Job

So you live in the western part of North America (I trade from Phoenix, Arizona) and you have discovered the power of trading the Forex market. Your passion runs so deep that almost instantly you are convinced that you want to do this full time. You get your requisite training and are ready to trade your live account. Just one problem … the job is keeps getting in the way!Those of us who live in...

Conquer the Crash

A Book Review“Conquer the Crash”By Robert R. Prechter Jr.If you have been trading the Forex market you will have no doubtlessly come across R.N. Elliott’s Wave theory. In this book Robert Prechter, President of Elliott Wave International, details a compelling economic theory using this wave analysis. Prechter walks us through a technical, social and fundamental analysis of past economic events in...

Learn online forex trade - A great trade by me on USD/CAD..Although...

Learn Online Forex Trading - I placed a great trade on USD/CAD..Although I ...Like I guessed in the last message, I was expecting the online forex trading market to wake up from the virtual sleep as FOMC rate decision was going to have significant impact on USD direction.Thats what happenned..The market moved by 100+ pips for each currency pair in which USD is involved. So, I made analysis of ...