Sep 27, 2012

Forex Crunch How to Scale Up Responsibly in Forex Trading

Forex Crunch How to Scale Up Responsibly in Forex Trading

How to Scale Up Responsibly in Forex Trading

Posted: 26 Sep 2012 02:40 PM PDT

After some steady and overall successful trading, you feel it is time to move up. Your success so far has been based on hard work. The process included learning to lose some money and accepting the losses. Most importantly, you made more gains that losses and you have been consistent over a few months.

So now you are thinking of scaling up: making more money in your trading. It is important to scale up in a sensible manner. Here’s why and how:

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Forex Daily Outlook September 27 2012

Posted: 26 Sep 2012 02:00 PM PDT

Unemployment Claims in the US and Current Account in the UK are the major market-movers. Let see what awaits us today.

In the US, Durable Goods Orders, Value the total change in new manufacturers purchase orders for durable goods; reduce is participated now from 4.1% on August down to -4.3% now. While on the Core Durable Goods Orders rise is likely from -0.6% on the last month up to 0.2% this time.

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Europe Is Not Ready for a Grexit

Posted: 26 Sep 2012 01:16 PM PDT

Despite the statements of a “manageable” Grexit, Europe is not really ready for such a move and this could be painful for the euro, before and after the move, says John Kicklighter of DailyFX.

In the interview below, Kicklighter discusses the situation in Europe, the potential disappointment regarding more stimulus from the Fed, the relative strength of the Aussie and more.

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EUR/USD Sep. 26 – Falling Lower as European Situation Significantly Deteriorates

Posted: 26 Sep 2012 07:35 AM PDT

EUR/USD continues to slide lower as troubles continue to mount. The Spanish bank bailout is now in doubt after finance ministers from strong countries seemed to have pushed it to a distant date in the future. As Catalonia prepares for elections and seeks independence from Spain, the Spanish capital Madrid was rocked by anti-austerity protests. Protests have also been seen in Greece, that went on a general strike. All in all, trouble loves the euro.

Here's an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.

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More European prevarication

Posted: 26 Sep 2012 07:01 AM PDT

The mood music in currency and asset markets remains circumspect as fresh brush-fires break out in Europe. According to a Greek news report, the IMF is reluctant to sanction the next aid instalment to Greece amidst signs that the troika and Athens are further apart than they were admitting last week.

A general strike in both Spain and Greece has been earmarked for coming days. Separately, the FT claims today that the governments of northern Europe are not prepared to allow Ireland and Spain to transfer existing bad bank assets from government balance sheets.

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