Month: February 2015

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What to look out in Forex going next

What to look out in Forex going next

There would be a few news which we should look at coming weeks.  At the top of the agenda would definitely be about how strong the deflationary forces of world economic super powers. Second is the Fed rate rise timing or Fed policy, Greece’s proposal and finally the Central Banks Easing Policy. Deflationary forces: The…

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USDX going no where

USDX going no where

I closed my USDX trade on the 5th of February as price the day before indicated that trading would most probably be sideways. Having the non farm numbers coming in on Friday, I did not want to stand in front of the freight train especially when prices are trading sideways. I closed it with a…

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GBPUSD hitting first level target

GBPUSD hitting first level target

I gave a mandate to buy the GBPUSD yesterday. I gave a first level target which is 1.5195. During the European market hours, price managed to hit the first level target. I shifted the target higher to 1.5222 during the trading hours based on price strength. Now lets see how price will react to the…

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