Forex Investment and Currency Trading

Durable Goods Orders (Survey: 0.0%, Actual: 1.3%)
USD
The lingering shadow cast by the outlook for US financials and GSE’s continue to provide headwinds to sustained USD upside. USD has been under broad based pressure with sentiment not helped by a pick-up in oil prices as tropical storm Gustav nears the Gulf of Mexico. US data [...]

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Although USD/CAD has broken bullishly out of its eight month trading range, the near-term upside is limited from an interest rate perspective. A weaker CAD removes an important factor that had helped keep Canadian inflationary pressures under control. With monetary policy already stimulative, the BoC is unlikely to corroborate market expectations of at least one [...]

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Trending and Trading Markets
Markets have traditionally been classified as trading markets or trending mar­kers, meaning they move predominantly sideways or predominantly up or down. For an excellent modern look at this conventional approach get Ed Ponsi’s FOREX Patterns and Possibilities: Strategies for Trending and Range-Bound Markets (John Wiley & Sons, 2007).
Market Environments (ME)
ME is a [...]

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