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GBP/USD

Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.

Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 - 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.

Read the full post of GBP/USD and GBP/JPY - March 3rd 2008

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And I would say it’s a feat and good result. FXCM managed to post 36.49% up for their sentiments managed accounts for their clients for 2007,

Dear Trader:

FXCM’s Managed Accounts performed spectacularly in 2007.

We outperformed most funds in our category, with top rankings in BarclayHedge, AutumnGold, and IASG.

Sentiment Program: 36.94% gain in 2007*

Read the full post of FXCM Posted 36.49% Up for their Managed Sentiment Account in 2007

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It’s a total piece of crap that I spent my $1,000 on and I would ask everyone who’s considering to pay a membership to “learn” what you can to avoid it.

I’ll talk about it later, it’s 6.20AM here.

Popularity: 56% [?]

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US Dollar’s the big winner after the announcement cut apart from a few pairs which gained back its own momentum (like USDCAD)

Let’s see the few big movements.

GBPUSD

2.0516 to 2.0334 = 182 pips move

AUDUSD

0.8897 to 0.8711 = 186 pips move

USDJPY

110.76 to 110.46 = 130 pips move

Read the full post of Aftermath of December Interest Rate Cut (At 25 Pts)

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Which are you foreseeing to happen?

minus 25 points

minus 50 points?

no action?

Hmm. Share your views with us!

Popularity: 85% [?]

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We can take a look at USDCAD before the release of the NFP on it’s employment changes.

An analysis from Tim, Investica at Forex Factory

Following the surprise interest rate cut this week, markets will now look to assess the extent of a slowdown in the Canadian economy and the prospect for a further short-term policy response from the Bank of Canada.

Read the full post of Ooh, It’s the Canadian Dollar Time

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Uh uh, it’s 9 hours from now before the next Nonfarm Payroll figures are release for the US, which means its another royal rumble again. If you’re new to NFP, this is a short introduction from IBFX,

Read the full post of It’s the Time to Rumble Again For Nonfarm Payroll!

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News came from Jaclyn, FXCM

New York, December 3, 2007 — Today, Forex Capital Markets LLC (FXCM) announced that the Refco estate agreed to sell its 35% ownership interest in FXCM to Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers. The financial terms of the transaction were not disclosed.

Read the full post of FXCM News - Long Ridge & Lehman Brothers Among Investors Agreeing To Buy 35% of FXCM

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I’d like to say even though I’m not a fan of paid subscriptions, Peter Bain’s email subscription works fine for me. It’s informative and definitely work your Gmail (or whatever email you’re using) space.

Here’s one tip from Peter and I urge you to seriously consider signing up for his mailing list. It’s not that irritating as compared to others who’re actually asking you to buy a product.

Read the full post of Forex Mentor’s Email List

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This is a reading source from Forex Factory which I think is pretty good to what’s going to happen later in a few hours time.

Read the full post of CAD Interest Rates For December

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