COMMENTARY

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Forex Trading involves high risks, with the potential for substantial losses and is not suitable for all persons. Past performance is not necessarily indicative of futures results.
  • Written by Kathy Lien
    Last updated 2/26/2010 10:11:23 AM ET
    The U.S. dollar is weaker this morning as Thursday's reversal in equity markets left traders with a hint of optimism.
  • Written by Bradley Gareiss
    Last updated 2/25/2010 7:32:49 PM ET
    What is recency bias, and how can it negatively impact your trading results?
  • Written by Kathy Lien
    Last updated 2/25/2010 5:46:50 PM ET
    It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak and more troubles in the Eurozone caused a wave of risk aversion throughout the European and early U.S. trading session. However it was the encouraging comments from Fed President Bullard that stoked the recovery. Traders were also relieved that Bernanke did not say anything particularly damaging in the second day of his testimony on monetary policy. Today’s reversals in the forex market may be important but not as much as the divergence in price action across various currency pairs.
  • Written by Roger Stojsic
    Last updated 2/25/2010 2:17:06 PM ET
    Yesterday's NZD/USD buy at .6855 was triggered
  • Written by Kathy Lien
    Last updated 2/25/2010 8:52:25 AM ET
    The U.S. dollar traded sharply lower against the Japanese Yen following much weaker than expected U.S.
  • Written by Bradley Gareiss
    Last updated 2/24/2010 7:28:56 PM ET
    A short term bearish Gartley is forming on the GBP/USD. Note that this does not affect the long term GBP/USD long trade we are currently in.
  • Written by Kathy Lien
    Last updated 2/24/2010 5:25:07 PM ET
    On an intraday basis, Bernanke’s speech delivered the type of volatility in the EUR/USD that we would normally expect from his semi-annual testimony on monetary policy.
  • Written by Roger Stojsic
    Last updated 2/24/2010 2:17:09 PM ET
    The NZD/USD is showing solid near-term support near .6850 based on an emerging ...
  • Written by Kathy Lien
    Last updated 2/24/2010 10:44:42 AM ET
    Bernanke is taking the stand this morning before the House of Representatives in Washington to deliver his semiannual report on monetary policy. Having already done this 8 times in the past, Bernanke knows that he is prepared to come under some serious grilling.
  • Written by Bradley Gareiss
    Last updated 2/23/2010 7:28:37 PM ET
    Accepting the risk before placing a trade is one of the most important components of a winning trader's psychological makeup. This is also a relevant follow up to yesterday's article and some of the comments about leverage.
  • Written by Kathy Lien
    Last updated 2/23/2010 5:27:14 PM ET
    Risk aversion has taken hold of the financial markets today with currencies and equities sliding across the board. The U.S. dollar strengthened against every major currency except for the Japanese Yen which confirms that flight to quality has driven investors into the safety of U.S. dollars. The biggest losers were the commodity currencies which fell victim to the sharp slide in oil and gold prices. Weaker economic data from the U.S. and the Eurozone weighed on the markets for most of the trading day and it will now be up to Federal Reserve Chairman Ben Bernanke to restore confidence.
  • Written by Kathy Lien
    Last updated 2/23/2010 10:16:08 AM ET
    The U.S. dollar is trading higher this morning as weaker economic data from the Eurozone and dovish comments from Bank of England officials drive European currencies lower.
  • Written by Bradley Gareiss
    Last updated 2/22/2010 7:51:47 PM ET
    We explain why leverage is one of the most misunderstood concepts in trading and what you should be paying attention to instead.
  • Written by Kathy Lien
    Last updated 2/22/2010 5:00:22 PM ET
    It has been an extremely quiet day in the currency, equity and commodity markets with virtually every asset class ending the day unchanged.
  • Written by Roger Stojsic
    Last updated 2/22/2010 3:42:12 PM ET
    A rally to .8900 may provide ideal short entry...

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DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.
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TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
EUR/GBP
Medium term



Sell Sell at .9195
Stop at 0.9227
Target at 0.9146
NZD/USD
Medium term



Buy Buy at .6912
Stop at 0.6882
Target at 0.6958
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3756
  • 1.3771
  • 1.3656
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.5192
  • 1.5206
  • 1.4976
GBP/USD
5 min chart
  • USD/JPY
  • up
  • 90.40
  • 90.72
  • 89.98
USD/JPY
5 min chart
  • OIL
  • up
  • 81.55
  • 82.01
  • 79.30
CLJ0
5 min chart
  • GOLD
  • down
  • 1124.2
  • 1127.4
  • 1108.0
.GOLD
5 min chart
  • US Stocks
  • down
  • 10663
  • 10683
  • 10621
.US30
5 min chart
  • UK Stocks
  • down
  • 5625.3
  • 5638.3
  • 5597.5
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5969.8
  • 5990.0
  • 5928.8
.DE30
5 min chart
  • JP Stocks
  • down
  • 10784
  • 10799
  • 10707
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3756
  • 1.3771
  • 1.3656
5 min chart
  • GBP/USD
  • down
  • 1.5192
  • 1.5206
  • 1.4976
  • USD/JPY
  • up
  • 90.40
  • 90.72
  • 89.98
  • USD/CHF
  • up
  • 1.0557
  • 1.0625
  • 1.0545
  • USD/CAD
  • down
  • 1.0148
  • 1.0202
  • 1.0139
  • AUD/USD
  • up
  • 0.9147
  • 0.9164
  • 0.9118
  • NZD/USD
  • down
  • 0.7066
  • 0.7080
  • 0.7024
  • USD/MXN
  • up
  • 12.5182
  • 12.5516
  • 12.5090
  • EUR/JPY
  • down
  • 124.35
  • 124.61
  • 123.23
  • GBP/JPY
  • down
  • 137.33
  • 137.50
  • 135.16
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 81.55
  • 82.01
  • 79.30
5 min chart
  • GOLD
  • down
  • 1124.2
  • 1127.4
  • 1108.0
5 min chart
  • SILVER
  • down
  • 17.375
  • 17.47
  • 17.142
5 min chart
  • US500
  • down
  • 1155.1
  • 1157.1
  • 1148.9
5 min chart
  • UK Stocks
  • down
  • 5625.3
  • 5638.3
  • 5597.5
5 min chart
  • DEM Stocks
  • down
  • 5969.8
  • 5990.0
  • 5928.8
5 min chart
  • JP Stocks
  • down
  • 10784
  • 10799
  • 10707
5 min chart
  • AU Stocks
  • down
  • 4816.5
  • 4824.5
  • 4780.0
5 min chart
Data source: GFT

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