One of the new chapters in my book, Day Trading and Swing Trading the Currency Market, Second Edition is on seasonality.
Technical analysis is based on the idea that price patterns repeat themselves and seasonality is rooted from this very same concept.
According to the following chart, over the past 10 years the EUR/USD [...]
Entries Categorized as 'forex book'
EUR/USD Seasonality: January Trading Pattern
December 19, 2008
Explosion in Forex Trading Ranges
December 9, 2008
Forex trading ranges have exploded over the past few months. The daily average trading range has doubled for all of the actively traded currency pairs in 2008, with some currency pairs even seeing a 200% rise in their average daily range.
However the big explosion in volatility has actually happened in the past 9 weeks. [...]
Currencies Rally With Aid on the Way
December 8, 2008
If the equity market managed to rally despite news that 533k jobs were lost from the US economy last month, then Obama’s pledge to increase spending this weekend and the developments for the Big 3 automakers will only help. Risk appetite appears to be slowly returning to the markets with the low yielding US dollar [...]
Will the US Dollar Become the Lowest Yielding Currency in the World?
December 5, 2008
Fed fund futures are already pricing in a greater chance that the central bank will cut rates by 75bp on December 16th than 50bp. That would bring US interests down to 0.25% and turn the US dollar into the lowest yielding currency in the developed world.
Since Japan’s interest rate is currently 0.3%, [...]
Kathy’s New Book: Second Edition of Day Trading the Currency Market
December 4, 2008
The second edition of Day Trading the Currency Market has been released!
If you liked the first edition, you will love the second.
I have added 3 new trading strategies and 4 new chapters and updated many sections.
New Trading Strategies:
1. How to Trade News
2. How to Time a Turn
3. How to Follow the Flow
PLUS
1. Tips [...]
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