GBPUSD Daily Forecast: January 24

January 22 2012 by Aidan Creal in Forex Release |No Comments | Tags: Forecast, Forecast January

GBPUSD  Forecast The GBPUSD attempted to push higher yesterday, topped at 1.5601 but closed a little bit lower at 1.5576 and hit 1.5536 earlier today. The bias is neutral in nearest term but as long as stays above 1.5400 my overall intraday bias remains to the upside since the rejection to move consistently below 1.5270 support area, testing the trend line resistance (red) and 1.5650 – 1.5700 key resistance area.  A clear break above that area and a movement above the trend line resistance could trigger further bullish scenario, challenging the major bearish outlook since the fall from 1.6616 six months ago.

A Review Of The Forex Markets In 2011

January 21 2012 by Milla Schmidt in Forex Tips |No Comments | Tags: Forex, Forex Markets

Another year is coming to an end and I think its fair to say that in general its been a really tough one for a lot of forex traders. I have certainly found it quite hard to make money in recent months. Indeed I havent traded at all for several weeks now as Im taking an extended break from forex trading at the moment.
 
So lets look back at three of the most important currency pairs – the GBP/USD, EUR/USD and USD/JPY pairs – and I will try and explain why these pairs have been so hard to trade this year.
 
GBP/USD:
 
If you look back at the price action for the GBP/USD pair, you will see that it is now pretty much back where it started back in January. The pr

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What EZ Bond Yields Imply About S&P Downgrades

January 21 2012 by Spencer McKay in Forex Online |No Comments | Tags: Downgrades, Imply Sp

Since Standard & Poor’s cut the ratings of 9 Eurozone countries, the euro has done nothing but rally. One of the main reasons why the EUR/USD has been so resilient is because the downgrades had very little impact on European bond yields. French and Spanish bond yields have increased but by less than a tenth of a percent while Italian bond yields decreased since the S&P announcement. The following table compares the 10 year bond yield and 5 year CDS spreads of key EZ nations today vs. before S&P’s announcement. Five year credit default spreads rose, representing an increase in risk premium but the uptick was nominal. The

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How Goldman Sachs sees 2012

January 16 2012 by Milla Schmidt in Forex Tips |No Comments | Tags: Goldman Sachs, Sachs

Influential US investment bank says the year ahead will be a journey from despair to hope

Goldman Sachs expects the oil price to rise next year, but not to the $150-per-barrel level it forecast before the collapse of Lehman Brothers in 2008. Photograph: Bernadett Szabo/REUTERS

Wall Street investment bank Goldman Sachs, which is also one of the worlds biggest commodity trading firms, has issued its predictions for 2012 as markets brace themselves for a new year slump.

Goldmans clients – which range from vast businesses to governments and wealthy individuals – are being advised to prepare for a rollercoaster ride in the first half of the year, but that a gradual recovery should take hold from the summer.

Investors tend to hang on the banks words because its views are regarded as among the most influential in global financial markets. Gol

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Scaling In and Out of a Position Gives You the Needed Flexibility to Manage a Forex Trade

January 16 2012 by Spencer McKay in Forex Online |No Comments | Tags: Forex Trade, Trade

The ideal way to enter into a trade is to do it gradually. This is also known as Scaling In A Position. In the same manner, it is best to exit the trade in a gradual manner. This is also known as Scaling Out Of A Position. Trying to figure out the perfect entry and exit is only going to make you more confused and hinder you in making your trading decisions. There is no perfect entry or exit. You will never be able to catch the top or the bottom at the precise moment.

Let’s make it clear with an example. Suppose, you are trading EUR/USD. If you have been following the currency market, EUR/USD is hovering at its lowest level of 1.2700 in 16 months in the last few days. I

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