Archive for November, 2007
Friday, November 30th, 2007
Why do certain traders win consistently lose? Here are four reasons:
Not having a proven trading methodology.
Those who consistently lose don’t know key numbers. They have no understanding of support and resistance. Chart patterns are foreign to them. Their definition of risk management is getting margin called. With no proven trading ...
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Wednesday, November 28th, 2007
The Dow has rallied more than 500 points over the past 2 trading days, triggering a sharp rebound in all of the Japanese Yen crosses. Carry trades are back with a vengeance, but the question at the forefront of everyone’s minds is whether this trend will continue. Without a doubt ...
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Friday, November 23rd, 2007
This morning in Asia, the US dollar weakened heavily against the yen as investors pared back exposure to risky trade. The dollar-yen pair fell below 108 level and hit a new 2 ½ -year low of 107.54. This was compared to yesterday's close of 108.46.
The dollar lost ground against its ...
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Monday, November 19th, 2007
Was it a pause that refreshes or a sign of an intermediate term top? Dollars bulls and bears battled each other to a standstill as the pair tried but failed to make a new record high. On the other hand any attempts to take it lower were met with steadfast ...
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Wednesday, November 14th, 2007
Even though the US dollar has seen some big moves over the past two trading days, the volatility was not triggered by a shift in the market’s attitude towards the dollar but instead by the sharp swings in the US equity markets and carry trades. This dynamic will change when ...
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Wednesday, November 7th, 2007
The Department of Commerce released its report on wholesale trade in the month of September on Wednesday, showing that wholesale inventories rose much more than expected while wholesale sales also showed a notable increase.
The report showed that wholesale inventories rose 0.8 percent in September following an upwardly revised 0.7 percent ...
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Thursday, November 1st, 2007
On Thursday morning in Asia, the Malaysian Ringgit advanced against the US dollar. The Ringgit hit a new multi-year high of 3.3306 at 11:10 pm ET, compared to 3.3375 late Wednesday in New York. The Ringgit then declined slightly and the pair is currently worth 3.334. The US dollar plunged ...
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