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Market Movement Yesterday we posted two buy levels on the GBP/USD and EUR/USD. The EUR missed the mark by 10 pips or so. However, the GBP had a solid spike into the 1.4725 buy level. We have now seen a push all the way into the 1.5050’s for a total move of about 325 pips.…
Stock Market Hits Historic Lows We have seen historic lows this week in the stock market. This coupled with the sagging global economy has driven some of the wild moves we have seen across the currencies. New Bank Flow Levels We have a few new bank flow levels to make you aware of. First on…
Sellers of Dollars on Rallies We have a lot of reports coming out this week with CPI and PPI likely to have the most impact, and of course we end the week with a BOJ meeting. So we expect report and news driven volatility to increase this week which should provide many large opportunities on…
Trading on Fridays As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm. Bank Flow Level…
O&F FOREX News & ViewsBy: Head Trader, Derek Frey November 10, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: Our Signal service generated 669 pips of profit to subscribers last month! Last week we saw the BOE surprise the world with a whopping 1.5% cut in interest rates.…
Bank Flow Data Remains Thin Over the past few months, since August, the global economy has created a volatile trading environment. Bank Flow data has remained thin as we faced uncertain market conditions. With the US elections behind us, the hope is that the markets will settle somewhat and we can return to a more…