PFXGlobal.com
Profiting With Forex (PFX) started as the fulfillment of a promise made in the book, Profiting With Forex. There are so many books and sites out there that offer information and education around the forex, but we wanted to make sure traders could take the principles we offered, and apply them in the actual market.
The PFX site (www.PFXGlobal.com) is designed to give you straight-forward and applicable information that you can use in your trading today, and forever." In this blog, we will include education articles and regular commentary.
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.
Profiting With Forex (PFX) started as the fulfillment of a promise made in the book, Profiting With Forex. There are so many books and sites out there that offer information and education around the forex, but we wanted to make sure traders could take the principles we offered, and apply them in the actual market.
The PFX site (www.PFXGlobal.com) is designed to give you straight-forward and applicable information that you can use in your trading today, and forever." In this blog, we will include education articles and regular commentary.
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.
PFX Major Pairs Trading Outlook: 3 September 2008
Posted 09-03-2008 at 09:23 PM by LearningMarkets.com
PFX Major Pairs Trading Outlook: 3 September 2008
by S. Wade Hansen
You may have noticed that we're trying something new today. We've divided our daily currency pair videos into two videos:
- The Major Pairs Analysis Video
(Covering the EUR/USD, GBP/USD, USD/CHF and USD/JPY)
- The Commodities and Crossess Analyis Video
(Covering the USD/CAD, AUD/USD, NZD/USD, GBP/JPY and EUR/JPY)
Each video addresses the intermarket factors that are affecting the currency pairs in each video.
By combining similar currency pairs into the same video, we are hoping to give you a more comprehensive understanding of what is affecting certain areas of the forex market and how you can take advantage of the price movement.
REVIEW: 2 September 2008
The U.S. dollar (USD) picked up some ground against the three European currencies today---the euro (EUR), the British pound (GBP) and the Swiss franc (CHF)---but it was unable to rally against the Japanese yen (JPY). The JPY is benefitting from the volatility in the U.S. stock market and the fact that many carry traders are starting to unwind some of the positions they've been accumulating during the most recent uptrend on the USD/JPY.
One of the largest contributing factors to the rise in the value of the USD was the fall in oil prices. Once investors saw that Hurricane Gustav was not going to disrupt oil production in the Gulf too much, they cut the price of oil. This, in turn, sent the value of the USD higher.
PREVIEW: 3 September 2008
Keep a close eye on the U.S. stock market tomorrow. During today's early rally on the U.S. stock market, the U.S. dollar (USD) was doing extremely well. However, when stocks started sliding on worries that the financial sector is continuing to falter and that the U.S. economy might not being doing quite as well as everyone thinks, the USD lost some ground as well.
We will most likely see some bearish action on the EUR/USD and GBP/USD tomorrow, but don't look for anything too dramatic before Thursday's interest rate announcements from the Bank of England (BOE) and the European Central Bank (ECB).
Here are the economic announcements you need to keep a close eye on tomorrow:
-USD Beige Book
Keep profiting with forex
by S. Wade Hansen
You may have noticed that we're trying something new today. We've divided our daily currency pair videos into two videos:
- The Major Pairs Analysis Video
(Covering the EUR/USD, GBP/USD, USD/CHF and USD/JPY)
- The Commodities and Crossess Analyis Video
(Covering the USD/CAD, AUD/USD, NZD/USD, GBP/JPY and EUR/JPY)
Each video addresses the intermarket factors that are affecting the currency pairs in each video.
By combining similar currency pairs into the same video, we are hoping to give you a more comprehensive understanding of what is affecting certain areas of the forex market and how you can take advantage of the price movement.
REVIEW: 2 September 2008
The U.S. dollar (USD) picked up some ground against the three European currencies today---the euro (EUR), the British pound (GBP) and the Swiss franc (CHF)---but it was unable to rally against the Japanese yen (JPY). The JPY is benefitting from the volatility in the U.S. stock market and the fact that many carry traders are starting to unwind some of the positions they've been accumulating during the most recent uptrend on the USD/JPY.
One of the largest contributing factors to the rise in the value of the USD was the fall in oil prices. Once investors saw that Hurricane Gustav was not going to disrupt oil production in the Gulf too much, they cut the price of oil. This, in turn, sent the value of the USD higher.
PREVIEW: 3 September 2008
Keep a close eye on the U.S. stock market tomorrow. During today's early rally on the U.S. stock market, the U.S. dollar (USD) was doing extremely well. However, when stocks started sliding on worries that the financial sector is continuing to falter and that the U.S. economy might not being doing quite as well as everyone thinks, the USD lost some ground as well.
We will most likely see some bearish action on the EUR/USD and GBP/USD tomorrow, but don't look for anything too dramatic before Thursday's interest rate announcements from the Bank of England (BOE) and the European Central Bank (ECB).
Here are the economic announcements you need to keep a close eye on tomorrow:
-USD Beige Book
Keep profiting with forex
Total Comments 0
Comments
Recent Blog Entries by LearningMarkets.com
- Using Fibonacci Analysis - Part One (01-06-2009)
- Doing Due Diligence on Your Forex Broker - Part One (12-29-2008)
- The Commitment of Traders (COT) Report - Part One (12-23-2008)
- The Case for a Stronger Dollar (12-19-2008)
- If the USD is Falling Do We Need a Shelter? (12-18-2008)
