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Hello Forex Fans!

I am sorry I have given any signals lately. Last week I spent hours tweeking the system and I must say Im totally impressed. The system has kicked out nearly ever major move over 50 pips so far since Ive revised it.

Read the full post of Humpty Dumpty’s Corner - New System Strategy Update

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In the period after the Federal Reserve statement on Tuesday until the end of Asian trading on Thursday, risk aversion eased with a significant return of confidence in high-yield assets and rising stock markets. The yen and Swiss franc also encountered fresh selling pressure as carry trade activity resumed.

Read the full post of Investica - Credit Fears Return

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Whilst browsing through ForexFactory, one of the commentary caught my attention.

PFXGlobal

Haven’t seen a forex site that utilizes and makes full advantage of videos. PFXGlobal makes videos almost daily with commentary on the market. Well it relieves me in a way with all the boring texts and daily routines yet still keeping me in the loop on the markets.

Read the full post of Forex Site Recommendation - PFXGlobal

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This one caught me since its the same pair that I am looking at for a potential short.

Read the full post of Daily FX - Euro Falls Back Into its Ranges

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Coming at a time when Fed Chairman Bernanke is facing is first potential crisis, it will be very interesting to watch The Fed’s policy play out through all of this. I would not expect to see a change in the inflation bias, although markets will be looking for any sign of change in The Fed’s opinion regarding the housing situation and its potential to hinder growth going forward. As Bernanke clearly stated during his testimony last month, the situation is viewed as being “contained”.

Read the full post of NewsTraderFX - Fed Statement Is Crucial For Equity Markets And Carry Trades

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There will be retail yen selling interest while Japanese institutions are likely to increase US dollar buying below the 118.0 level. A fragile short-term dollar recovery is likely before the US currency hits renewed selling pressure.

Read the full post of Investica - Yen retail selling to continue

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Buy Stop at 163.55, Stop Loss 163.25

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I’ve placed a buystop at 2.0448, stop loss at 2.0418 (30 pips)

Reason:

Following momentum on the 4hrs MACD, trendline on the top seems to be easier to break. And it’s still heading away from the 200EMA/SMA.

Also look out for:

Read the full post of Jude’s Daily Signal 06 August 07 - GBPUSD

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As I have mentioned on my routine before. Usually before the market opens for the week, I’ll be flipping Daily and Weekly charts to see how it will look for the long run. Here, I present to you my studies for the week.

- GBP/USD

Read the full post of Weekly Forex Technical Analysis on the Majors - 5th August 07

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Found this on Nobsnetwork Forum. An expensive way to market for new customers. I’ll sign up and see how it goes.

CMS International is allowing you to trade demo and make $500 to be transferred to a live account. Check it out here

Read the full post of CMSFX Giving Away $500 Live Accounts

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