Its in a consolidation phase dont know where it should go: up beyond 2.000 or down to 1.9400 While GBPUSD rallies, GBPJPY was being sold...

Cable Update (GBPUSD)

US New Home Sales was up 16.5% but the prices went down 11%.. Overall, I think its only +3-5% improvements. Nonetheless still very positive.

Cable Update (GBPUSD)

GBPUSD failed to scale beyong 1.9900. Seems like its either 1.9900 and up or fall down sharply from now. Wait for UK GDP. If thats bad, its a freefall. Remember, GBPUSD climbed up because of the BOE Hawkishness and not to some USD badness. So if the ...

Cable Update (GBPUSD)

Apr 25, 2007 Durable Goods Orders: 3.4% V 2.6%E Durables ex Transportation: 1.5% V 1.1%E

Historic Charts: US Durable Goods

40% ?? Geee. The chinese could sell all their USD FX reserve and convert to Yuan, then appreciate the Yuan by 40%, and thereafter BUY a big piece of US soil. Now that would be cheap real estate. As the saying goes, "be careful of what you wished ...

Cable Update (GBPUSD)

Daily MACD on GBPUSD has been bearish since April 24 and true enough, GBPUSD dropped from 2.000 to mid 1.96. But Yesterday, D1 MACD turned blue (Bullish). If this keeps up, GBPUSD could go up back to 2 once more.

Cable Update (GBPUSD)

Last Nov/Dec USD Selloff, USDJPY was trading in a very narrow DAily ATR. After a while, I now realized what that could mean. Low ATR suggests low volatility not much are put into the carry trades.. Less volatility implies that they could get nervous ...

FX News Trading For The Week Of May 20-And Beyond-Video Update

And I was denied to withdraw the way I deposited. Receiving it in egold is not a finished game. Lastly, their policy was withdrawal via wire is allowed as long as I have funded (no matter how small) it via wire - for the record, I have funded it ...

NorthFinance egold withdraw warning

I have my guns loaded too though not as heavy caliber as you might have. I missed the massive sell off last march though but will be extra attentive this time.

FX News Trading For The Week Of May 20-And Beyond-Video Update

Remember the day when US drove Japan to greatly appreciate the JPY? Japan eventually did, and started buying US properties to the dislike of US. Perhaps, its happening again and at the current situation when US Housing is at the low too.

Cable Update (GBPUSD)

China is buying into BlackStone. China agrees to widen trading band. Seems like US is getting what they wished for: 1. CNY Appreciation 2. And China investing into US Next stop, China will be buying a small piece of US soil...

Cable Update (GBPUSD)

Its in egold now. but I still need to convert that egold to real currency. Its very difficult to out-exchange egold right now. I am speculating that this is one reason why NF is forcing their clients to accept egold money than no money at all. One ...

NorthFinance egold withdraw warning

Even though it is true that Bill Gates and/or Sultan of Brunei have more money than the Philippine Annual Budget, it does not imply corruption is limited to a fraction of a billion dollars. Philippines a poor 3rd world country? Get these: ...

NorthFinance egold withdraw warning

Im still wearing my shorts since 1.9850. wasnt able to close at 1.9700 but who knows if it would stall there?

Cable Update (GBPUSD)

Marcos only have a small amout in swiss banks. Its the current generation of corrupt officials that have the money there. And yes, some diversified placing many of their money in several european and latin american banks. Call it "Risk ...

NorthFinance egold withdraw warning

GBP Bull may rejoice with this piece of advice from a broker: USD appears poised to resume it’s downward trend. Sell USD on rally TRADE CHOICE: Allow Euro to ease a bit, then Buy Euro at 1.3500, stoploss 1.3450. Objective 1.3550, then 1.3600 Buy GBP ...

Cable Update (GBPUSD)

LOL! Switzerland is the #1 haven for Corrupt Philippine Politicians' dirty money. We have almost $100 Billion of dirty money in that little country. They only check below $5M but not the big ones: $5M and lower = cheap second class money lauderer - ...

NorthFinance egold withdraw warning

The rate hike WAS a surprise move. It was not scheduled. UK traders had rumors of it coming.. perhaps, we should give more ear to what they have.

China News HKD in Forex Factory Calender?

This is what Freedom rocks is doing: Long EURUSD + Long USDCHF (albeit not at 1 lots each but more long USDCHF..) Buttom line of this is Long EURCHF. watch for EURCHF to go down touching the BBands and RSI <30 on the H1 to signal a long trade. I ...

Profit on Fluctuation System: Hedged

ONce you place a position, PLEASE do tell us if its long or short, so we go otherwise!

USDCAD trend reversal?