Yeah the pullback was severe but encouraging that the support held. The H/S is still in play and the measured move higher to 1.40 ish is on the cards. Good luck on that one

EUR/AUD

You tap the "sensitive" side and it will move the market. The reason for the split prices is thus. Banks dealt directly with each other hence the word "Interbank". They also had amounts or size they were prepared to quote on and a spread (their bid ...

Billion Dollar Day video analysis

Your caption.. "A man should look for what is, and not for what he thinks should be." Albert Einstein I don't think Albert would make a good trader as the opposite applies. BTW I'm enjoying your analysis of the video.

Billion Dollar Day video analysis

Yeah.. if its another bad number it makes the RBA board look like amateurs. Perhaps they should move their monthly meetings to coincide with economic data releases rather than being stubborn on a first tuesday.

AUD/USD

Yup Australia is full of resources unfortunately 22.8 million people don't have mining helmets. Lets see how many more dont at 11.30am

AUD/USD

Thats a bit better.. The Aussie is starting to react like a currency that should with bad economic data and a clueless government. We have unemployment today.. so its time for the guy at the stats dept to play lucky dip and pull out some unrealistic ...

AUD/USD

You know how they work .. they over tighten and under cut..

AUD/USD

How much more evidence does the RBA need to cut interest rates? The tsunami is building for an Aussie dump..

AUD/USD

OK he wants to sell deutsche marks versus the dollar at 2.0130 but the price is moving higher and cant get set.. it happens.. he got greedy as he had a chance at 45 but baulked.

Billion Dollar Day video analysis

Yup nice trading and loved your conviction yesterday

AUD/USD

Aussie under pressure again and even a mild rally in equities cant take it higher. Many are covering crosses and this could lead to a weakening AUD The deliberate weakening of the yen will put pressure on the aud downside as well Are people short? ...

AUD/USD

News about Draghi handling over Monte Paschi may get legs and put downside pressure on Euro.

EURUSD

You maybe able to get daily opening and closing on a few ccy pairs like GBP/USD USD/JPY USD/CHF AUD/USD NZD/USD of course EUR/USD didnt exist and cross rates were legged.

Billion Dollar Day video analysis

so true

Are traders herded like cattle?

This screen is/was a telephone screen with direct lines to banks and/or brokers developed by British telecom. You touched a name on the screen and it would be answered by a bank or broker without you having to dial a number.

Billion Dollar Day video analysis

Eventually those herded cattle get slaughtered. The smart ones look for a hole in the fence

Are traders herded like cattle?

Global markets finally waking up to the global equity rally with problems still an issue. Not looking at conspiracies but this seems manufactured rather than from legitimate reasons. As we turn our head towards RBA's rate cut decision today the ...

AUD/USD

More poor Australian economic data. Will the RBA drop rates? They should because the poor data has been consistent despite interest rate decline and govt stimulus. The RBA will probably be swayed a bouyant stockmarket and house prices on a small ...

AUD/USD

Tobin Tax = Asian financial centre's rapid growth Asia hasnt conformed to the EU's Carbon ETS and this will no doubt be the same .

Tobin Tax Effect on Forex

As long as you use a regulated broker that is fully compliant in a recognized centre you wont have an issue. Is there anyone body making big money in Forex? HELL YES ! Regulated markets safe? NO just ask MF Global customers. Most big or smart ...

Which Broker is truly reliable?