Guest post from www.visionsofaffluence.com
So many forex traders focus exclusively on short term fluctuations of the market and spend their time watching charts in an attempt to profit. They trade like this because they believe that it’s the best way to profit in the forex market. But that couldn’t be further from the truth.
These traders are [...]

Japan’s benchmark wholesale-price index fell 0.4% in June compared with May, the Bank of Japan said…

Australian Prime Minister Julia Gillard may call an election as early as this week, according to…

Our Support and Resistance Confluence data sheets for traders. We compare and confluence over 10…

We start the week with British Final GDP, Business Outlook Survey in the Bank of Canada, a speech by…

Recently, it struck me: the US does not care about the Dollar. If you look at fiscal and monetary…

TOKYO, July 12 (Reuters) – The yen eased on Monday after election results showed political…

The EURUSD break below the rising wedge formation earlier today in Asian session as you can see on h1 chart below. This fact could trigger further downside pressure testing 1.2550 and 1.2465/80 region. However note that we are still in upside correction phase. Immediate resistance at 1.2650 region. Consistent move

On Friday Euro/Dollar continued climbing at first, than dropped, loosing all gains for the last 2 days. The European currency appreciated to 1.2719 on Friday, in line the Interbank sentiment projection, at nearly +2%, than depreciated down to 1.2616, closing the week at 1.2635. This morning the pair continued weakening

There would need to be another dramatic leg lower in broad financial markets in order to bring crude oil under $70.00. Currently, the commodity is benefitting from positive news flow with regard to demand growth around the world. Gold, on the other hand, has a clear lack of catalysts at the moment.
Commodities – Energy
Crude Oil …