Yeah and someone has 'accidentially' also bought 1 Billion usd/yen from you. :-) There is no right and wrong in the market. Only who makes money and who loses money.

USD/JPY selling again

The article is about traders and trading and the challenges and the reality of trading the unpredictable market. Yet, in the entire article, there is zero mention and almost minimal reference to this thing call "RISK". If "RISK" is not on your mind ...

Are All Traders Useless Morons?

Does central bank intervention in the FX market constitute a "manipulation" in every sense of its definition as applied to private investor?

U.S. Said to Open Criminal Probe of FX Market Rigging

Fed's credibility is shredded to pieces with the recent announcement of no tapering. If those people sitting on Fed board don't quite understand the importance of central bank credibility, they will learn in the days ahead. Prepare for some ...

Market Unhappy After Bullard Suggests Possible Octaper

url is the place where I get my info. UK export to US stands at 12.75%. Germany is second at 11.4% and France third. Yeah so if you add up all the rest of the eurozone countries together, the number will exceed US export. You are right from this ...

UK Manufacturing PMI at 25-month high

US is the top country UK exports to. While not discounting the effect of domestic consumption, the effect on GBP/USD will be more dominantly drive by UK export to US. In this case, a healthy manufacturing numbers in UK (products which they export to ...

UK Manufacturing PMI at 25-month high

If url is to be believed, the top 5 exporters of Spain are all countries within EU Zone. Therefore this piece of data, which suggest increased export, has not much indication of the strength/weakness of EU against the basket of all other major ...

Spain: Solid rise in exports leads to growth of new orders

IG has been resting on their laurels for way too long. Just the introduction of MT4 platform, which is nothing new to other competitors, is merely catching up to the competition in the market. There are many areas which IG has lagged behind their ...

IG.com website is up – including an MT4 surprise launch

I believe they are just adding an additional platform to their variety and not taking away any of the existing platforms. It would be a case of customer having an additional choice rather than customer forcing to use MT4 platform. So, I can't see ...

IG to Launch MetaTrader 4 Platform, Succumbs to its Popularity

For the correlation between stock and gold, that is whether money from stock (e.g. money exiting a bear market) will move to gold, I am of the personal view that the institutional investors will tend to look at bonds rather than gold. Putting money ...

Existing-home sales rise 4.2% in May

In general, gold is viewed as a preserve of asset value. So when currency value are 'destroyed' (weakened) by various events such as QE (printing more money thus diluting the value of each unit of currency) or high inflation (each unit of currency ...

Existing-home sales rise 4.2% in May

More importantly, the Philly Fed Manufacturing Index showed some strong number thus seeming to suggest a 'recovery' in the manufacturing sector which until recently, have shown weaknesses. I agree with you on USD strength as good numbers suggesting ...

Existing-home sales rise 4.2% in May

It will make sense if you consider that Euro may spike even higher had he not hinted that fed intends to taper QE. Make better sense? Lots of battles between the titans behind the scene. Just make sure you don't stand in their path. The ringside is ...

Meet The 6 Federal Reserve Reporters Who Can Make Markets Go Crazy

When the retail join the race, the smart money will pull out. Always the case. Bulk of the retail will only be 'aware' of such info when news article goes out. The appearance of such article will also therefore trigger the exit of smart money. ...

Swissy to go from strength to strength

Certainly we can see some very 'enthusiastic' defence of EUR/USD strength. There is probably a lot of factors behind it. It could be a defence of an important option strike price. Or perhaps it could be smart money buying up CHF (another safe haven ...

Market Wait For Bernanke To Turn On The Light

The smart money has lots of first-hand access to information and they probably are aware of what will transpire in the immediate future. If they knew Draghi speech is going to be positive, they will bid up the Euro way ahead of the actual speech. ...

ECB rates becoming more effective again: Draghi

I agree with you. However, Ben can only continue his QE provided the inflation rate don't creep up and set off its destructive effect on the economy. With headline data improving in various sectors, e.g. housing, consumer sentiments and expectations ...

FT Joins The Fray: "Fed Likely To Signal Tapering Move"

Supportive of USD strength. The current weak link is in the manufacturing numbers. It would therefore interesting to see the industrial production number to be released in half an hour time. If it is a strong number, the USD strength train will ...

Wholesale Prices in U.S. Climb More Than Forecast on Fuel, Food

Though it may be supportive of GBP, take care to note the currency pair you intend to trade. If it is GBPUSD, take more note of USD development. USD is a more dorminant currency and GBPUSD will respond more readily to USD news. Currently, USD ...

Inflation targeting and flexibility - McCafferty

This is how I interpret (I may be wrong): What he is trying to bring across is that the BoE stands ready to pull back the QE shall the risk of a higher long term inflation rate increased, in an effort to 'calm' the market by stating that BoE is ...

Inflation targeting and flexibility - McCafferty