My favorite long term forex trade is short GBP/AUD. From both a technical and fundamental basis, the currency should be headed lower.
Based upon the recent trend of economic data including the highest level of unemployment in 12 years and the sharpest decline in retail sales since Feb 2009, the Bank of England should [...]

Continue reading...

Guess who is scaling the wall - Yes! Bet you never imagined that Kathy Lien is not only an avid skier but also a rock climber!
Just to keep you updated, I’ve been super busy starting work on a new book, preparing to launch some exciting bells and whistles for BKForex Advisor, developing new trading strategies [...]

Continue reading...

Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets (forex included) barely registered a response to the move. Regardless of whether apathy in this particular context was justified, investors who turn [...]

Continue reading...

By Jerry Furst- Sr Analyst “1st on Forex” www.Investors-Education-Network.com
Submitted for your appproval and comments
 
There is a possible rally being setup for the AUD-USD and Gold as the following charts will show some really stong and similar chart patterns and correlations.
 

Recurring Chart Patterns - Click To Enlarge Charts

AUD-USD – 60 Min Chart Feb 22, 2010 [...]

Continue reading...

Models with No Losses

The whole mortgage and banking bubble was allowed to inflate on the premise that the risk and rate of homeowners defaulting on their loans was practically…

Continue reading...