Trading University Daily

Regardless of the short-term implications of the current battle between speculators and the ECB over the direction of the EURUSD, the long-term economic prospects look much brighter for the U.S. economy than the European economy from the perspective of the most important fundamental input: demographics. While it is important for an economy to have a [...]

Despite robust corrections lower in AUDUSD and GBPUSD, EURUSD continued its up-move posting a new high of the move today at 145.20 to keep both its 4-hour and Daily trends pointed higher. Bulls today became particularly emboldened in pressing long positions after EURUSD showed very little reaction to sharply lower than expected ZEW economic sentiment [...]

The Euro, similar, yet on a smaller scale to the Yen, could see a price blow up should resistance not materialize at the 143.00 handle – see chart. The reason behind the *soda-pop rally, similar to last month’s yen bubble,  would be because shorts are trapped, and longs don’t want to sell to them, yet. Trading [...]

In a conversation with a fellow trader I was asked, “Don’t you worry about being wrong when you’re pointing out trades in front of a room full of people?” Nobody likes to be wrong, especially in front of all your friends and clients. I thought about this for a moment, because while I fear losing money [...]

The Euro continued last Friday’s recovery rally by challenging the 140 level, putting itself into a position to re-test the 2010 highs at 142.80. A strong yen lent stability to the majors as the Bank of Japan’s actions in the face of the horrible situation there continues to remind traders that as bad as the [...]

Monthly Forex Report for 1/29/11  Click the link below to view Jay’s Weekly Forex Report for 1/29 where he covers the major currencies and the U.S. stock market. http://www.forextv.com/forex-news-video/weekly-forex-report-for-1-28 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that changing political/economic [...]