Forex trading signal
The US Senate vote on the Treasury bailout of financial markets has done little to pacify volatility in forex markets, and currencies remain primed for major moves ahead of tomorrow?s key US Non Farm Payrolls report.
Non Farm Payrolls: The Mother of Regular Economic Releases (TradingMarkets.com via Yahoo! Finance)
The Mother of all regular forex related announcements, the Non Farm Payroll is set for release on Friday. Although it might take second place to news from the macro economic front, forex traders will still be closely watching for signs of the U.S. economic health.
S. Korea’s forex reserves drop anew in September (Asia News Network)
South Korea’s foreign currency reserves fell for the sixth straight month in September, as the authorities poured billions of dollars into the market to prop up the ailing won.
EURUSD-Forex Trading Indicator Accurately Forecasts Euro Declines (Daily FX)
EURUSD Our forex positioning indicator accurately forecast that the Euro would fall against the US dollar, as increasingly net-long positions in the EURUSD gave contrarian signal to sell the currency pair.
Forex Seasonality Studies: New Zealand Dollar Rallies in October (Daily FX via Yahoo! Finance)
Forex trading market seasonality is an effect widely studied as a primary mover of major currency pairs, as long-term studies suggest that certain seasonal patterns may be able to predict forex price moves.
USDCHF-Forex Trading Signals Buy the USDCHF on SSI-based Forecasts (Daily FX)
USDCHF Our contrarian positioning indicator accurately forecast that the US Dollar would rally against the Swiss franc through recent trade, and our SSI-based forex trading signals on DailyFX+ actually bought the USDCHF at 1.0887, 1.1016, and 1.1038. We see that the SSI continues to forecast USDCHF rallies, as the ratio of long to short positions in the pair currently stands at -1.64; 62 …
GBPUSD-Traders Indecisively Buy the US Dollar Against the British Pound (Daily FX)
GBPUSD Our forex positioning indicator s forecasts for the British Pound/US dollar exchange rate unfortunately proved inaccurate through recent trade, as currency trading crowds accurately went short the GBPUSD ahead of sharp declines.
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