Trade Opportunity Tonight – March 3, 2009
We would prefer to see a sell trigger as the AUDUSD is currently in a down trend, although it made a strong move up after the RBA decided not to change interest rates last night.
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We would prefer to see a sell trigger as the AUDUSD is currently in a down trend, although it made a strong move up after the RBA decided not to change interest rates last night.
Important trade data for AUD/USD tonight, for those traders following along with us at Forex Traders Daily.
Derek Frey shares this weeks Forex Market Outlook.
For our last live trade call, we were looking at the US Durable Goods report this morning. We were looking to enter a short on the USD/JPY if the figure came out at least 2.0% worse than expected.
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…
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…