Monday, May 31, 2010

Latest Forex news on FX TV http://ow.ly/1S1f0
Trading Yen to start the week http://ow.ly/1Sg4K Forex
A look at GBP-AUD http://ow.ly/1RQ5H Forex

Sunday, May 30, 2010

French creditng rating on shaky grounds http://ow.ly/1RQ5H Forex
Forex economic calendar for Monday http://ow.ly/1RNBr

Saturday, May 29, 2010

Longer term view of EUR-GBP http://ow.ly/1RBMa Forex
Spanish government struggling ... http://ow.ly/1RAp6 news

Friday, May 28, 2010

China holding on to Euro http://ow.ly/1Rkja Forex

Thursday, May 27, 2010

Currency trades for today ...http://ow.ly/1QK4D Forex
The Swiss Oasis- video http://ow.ly/1QDSG Forex
China - we are not selling Euro... http://ow.ly/1QDJv Forex

Wednesday, May 26, 2010

Nice dance song http://ow.ly/1Qu2L music
Euro still falling, but good trades can be found http://ow.ly/1Qqax Forex
New currency trades http://ow.ly/1PH8A Forex
Latest Forex news on FX TV http://ow.ly/1Q8oG
German recovery safe so far - Bundesbank http://ow.ly/1Q8hk news

Tuesday, May 25, 2010

Erika... http://ow.ly/1PXcl music
Quotes from Bernanke, Shirakawa in Tokyo http://ow.ly/1PVLl news
Blame it on Swiss National Bank ... http://ow.ly/1PH8A Forex
Latest Forex news of FX TV http://ow.ly/1PBjZ
Barroso blames "Dysfunctional markets" for the euro zone's current debt crisis http://ow.ly/1PzUT news

Monday, May 24, 2010

EU President Rompuy suggested that euro-zone member states should launch a joint system to issue sovereign debt
Electric dreams http://ow.ly/1PpFb music
Watching "Alien solar systems" on DSC channel. New show space
US debt is compared to that of ... Greece http://ow.ly/1PmnQ forex
The Yuan issue and AUD-JPY analysis http://ow.ly/1P3cZ Forex
Japan - ticking fiscal time bomb http://ow.ly/1P362 news

Sunday, May 23, 2010

It is a fine day... http://ow.ly/1OVLS music
More Yuan revalution BS from China, in spite of Geithner's confidence http://ow.ly/1OOCB Forex
Forex calendar for Monday and some funny stuff http://ow.ly/1OMcH
China balks at revaluing Yuan (again), citing Euro crisis http://ow.ly/1OLqd Forex, news

Saturday, May 22, 2010

Wrap up of good Forex trading week http://ow.ly/1OAgG
New WorldCup stadium opens http://ow.ly/1OyVe news
Saturday morning is not the same without EPL. But World Cup is starting soon...

Friday, May 21, 2010

Man in the moon http://ow.ly/1LQQm music
So, "Has Aussie topped?" - two months later... http://ow.ly/1Or5R Forex
Has CNBC gone too far? http://ow.ly/1Ophm
Yen and the commodity currencies http://ow.ly/1NWHn Forex
Forex TV - latest FX news ...http://ow.ly/1O5ip

Thursday, May 20, 2010

Beat of the 90's http://ow.ly/1LQxJ music
Chavez calls actions against Forex trading a "war". http://ow.ly/1NY6Y news. Guy is certifiable, no question...
Will Yen rally continue? http://ow.ly/1NWHn Forex

Wednesday, May 19, 2010

IIO Rapture http://ow.ly/1LQM1 music
Large moves im Yen pairs bring good profits ...http://ow.ly/1MRUZ Forex
Latest currency updates on FX TV http://ow.ly/1Mt1p Forex

Tuesday, May 18, 2010

Real McCoy http://ow.ly/1LQvi music
Yen just keeps charging ahead...http://ow.ly/1MRUZ Forex
Latest currency updates on FX TV http://ow.ly/1Mt1p Forex

Monday, May 17, 2010

Moonlight Shadow http://ow.ly/1LQrh music
Still selling commodity dollars http://ow.ly/1Ml2j Forex
Hildebrand Says SNB Will Act in ‘Decisive Manner’ http://ow.ly/1MjW3 Forex

Sunday, May 16, 2010

And some ATB...http://ow.ly/1LQgj music
What will rating agencies do about other countries' deficits? http://ow.ly/1LJrR Forex
Merkel: $1 trillion rescue package not a solution, only buys time
http://ow.ly/1LJaR news
Forex calendar for Monday http://ow.ly/1LGiA
Papandreou to take legal action against U.S banks for their role in creating Greek debt crisis http://ow.ly/1LG89 news

Saturday, May 15, 2010

Summer dance tune http://ow.ly/1LAUa music
Will Greece destroy the Euro? http://ow.ly/1LyTY Forex
Weekly wrap up of Forex trading http://ow.ly/1Lml4
Trichet: economy in deepest crisis since WWII http://ow.ly/1Lun4 news

Friday, May 14, 2010

Some New Romantic ( I know its old by now...)http://ow.ly/1ITJ6 music
Euro is in a sad shape, but tarding AUD-JPY was good this week. http://ow.ly/1LmiR Forex
More trades in Aussie-Yen http://ow.ly/1KU5L Forex
Forex TV - latest currency news http://ow.ly/1KypP

Thursday, May 13, 2010

I don't know...http://ow.ly/1ITum music
Aussie-Yen trades, with more to come. Take a look http://ow.ly/1KU5L Forex
Latest currency news on Forex TV http://ow.ly/1K7l9
music on the 80's, Save the Wave, playing now http://ow.ly/1K9Jc
Yen in wide trading range http://ow.ly/1KmXi Forex

Wednesday, May 12, 2010

Australia's unemployment rate was steady at a higher-than-expected seasonally adjusted 5.4% in April from a revised 5.4% in March. Forex
Quiet day in Forex trading, save for GBP, which lost previous gains http://ow.ly/1KmXi
And lively streaming music to brighten up your day http://ow.ly/1K9Jc
Latest currency news on Forex TV http://ow.ly/1K7l9

Tuesday, May 11, 2010

Turn the tide http://ow.ly/1ITpf music
Pound turns positive on PM news, but will it last? http://ow.ly/1JTHI Forex
Europe would think hard about coming to the UK’s help in a sterling crisis... http://ow.ly/1JS2h - will Pound be next?
Latest FX news on Forex TV http://ow.ly/1J10Q

Monday, May 10, 2010

Currencies rebound on news from Europe, bringing nice AUD-JPY trades http://ow.ly/1JmUT Forex
Latest FX news on Forex TV http://ow.ly/1J10Q

Sunday, May 9, 2010

Save a soul http://ow.ly/1G5xq music
Alive http://ow.ly/1ITmf music
EU pledges almost $1 trillion to defend EUR http://ow.ly/1IUAM markets
Forever http://ow.ly/1ITsg music
Soothing image http://ow.ly/1G6pa space
Rescue mechanism for Euro is debated and some thoughts about Yen pairs http://ow.ly/1IOl7 Forex
Forex economic calendar for Monday http://ow.ly/1IMnB news
Happy Mothers Day to all moms!
EU officials drawing "financial defense" plan http://ow.ly/1ILVL news

Saturday, May 8, 2010

Time to party http://ow.ly/1G5m3 music
Wild sun http://ow.ly/1G6l1 cosmos
Trading blow out pattern in # Forex http://ow.ly/1IDqK
Currencies on wild Thursday http://ow.ly/1IsoU Forex
“We will defend the euro, whatever it takes,” http://ow.ly/1IyfR news

Friday, May 7, 2010

Friday night dance music http://ow.ly/1G55t
Sarkozy urges crack down on "speculation" http://ow.ly/1Itb8 - looking for culprits
Trading Forex during crazy times. Take a look http://ow.ly/1IsoU markets
Protoplanetary nebula http://ow.ly/1G6jB astronomy
Weekly rup up of currency action on Forex TV

Thursday, May 6, 2010

Girls, play it to your boyfriends http://ow.ly/1G5e9 music
Io and Jupiter http://ow.ly/1G6hb space
Forex TV http://ow.ly/1G6vw

Wednesday, May 5, 2010

Surprise in New Zealand

Most of Wednesday unfolded as expected, with, once again, Dollar and Yen gaining appreciating. Gains were not as strong as before, but large enough to be noticeable and bring some pips. Early Thursday, very early Thursday (still only Wednesday here), brought a surprise. Employment data was released in New Zealand, and, just like last time, Kiwi responded strongly. Difference is, that today NZD strengthened, quite dramatically in light of latest market action, while in February it dropped like a rock.

Unemployment in New Zealand fell from 7.1% to 6.0%, significant improvement. Expectation is that these news will pave way for rate increase by RBNZ sooner that previously speculated. Whether it will happen during next policy meeting on June 10, it remains to be seen, but evidently markets anticipate a hike in cash rate. One must remember, however, that new budget will be revealed on May 20 and this could produce additional surprises, depending on how restrictive it gets. Regardless, today New Zealand Dollar registered strong gains.

I had interest in these news, because of my trades involving NZD. Given recent history of how much employment data effected currencies, and unpredictable nature immediate market responses, decided to close trades before announcement. One of them was short in NZD-JPY, which was posted yesterday.



















Entry was a move under 67.80, or 67.78 to be precise. Objective was 100 pips. Market moved, in a fairly sharp fashion, but short of my target. price bounced at 100 SMA. By the time candle closed, (4H chart was used for the set up), it was getting close to employment news and trade was closed, for a gain of 52 pips. On the plus side, couple of other trades I took in Yen pairs worked out just fine. But that was not the case with my other Kiwi trade, this one in GBP-NZD.



















Here I was hoping for a quick resolution, with entry just under 2.1100. Order was filled , but no progress took place. By the time of news release, trade was closed for 95 pips loss. And not too soon – market plunged additional 200 pips soon after.



















After considerable wait, EUR-GBP sell order was finally filled yesterday, and today price reached my objective. With an entry at 0.8597, market has a good chance to see 0.8400, next support, but I wanted to get 100 pips on this swing. Should market continue lower, I will be looking at hourly charts for smaller target opportunities. Decided not to post new orders today, because I’ll be gone all day tomorrow thus unable to update the blog. Just want to point out, that on Friday we have employment data released in USA – non-farm payroll figures. Number different from estimate (177 K) can easily move all USD pairs, as well as Yen crosses. Something to keep in mind.

Mike K.
www.fxmadness.com
Employment numbers in New Zealand rock Kiwi http://ow.ly/1HyIN Forex, trading
Calisto http://ow.ly/1G5Nv cosmos
latest fx updates http://ow.ly/1G6vw

Tuesday, May 4, 2010

Larger than life http://ow.ly/1G4Qa music
Interesting reaction in Australian Dollar http://ow.ly/1H4De Forex
Impression of ultra-short-period planet http://ow.ly/1G5Kg astronomy
Forex news video updates http://ow.ly/1G6vw

Monday, May 3, 2010

Vienna http://ow.ly/1G4DG music
Currency trading volume drops in 2009 http://ow.ly/1GziU Forex
Plume from newborn star http://ow.ly/1G5DP space
latest Forex news http://ow.ly/1G6vw

Sunday, May 2, 2010

wake up music http://ow.ly/1G4Tx
Hubble mosaic http://ow.ly/1CWbZ
More CAD and JPY trades, but what else? Take a look http://ow.ly/1FZnk Forex, markets
Economic calendar for Monday http://ow.ly/1FXeH Forex
Greece accepts bailout conditions http://ow.ly/1FWPT news
MU- Sunerland just under way. How many goals? EPL

Saturday, May 1, 2010

Saturday night energy - Angelfalls http://ow.ly/1FRK6 music
Saturday night beat music http://ow.ly/1CX9O what a voice!
Trio of galaxies http://ow.ly/1CW7Q astronomy
Should you use "#Frorex Robots"? Are they any good? Find out http://ow.ly/1FKCf trading
Almost an end of EPL season MC-Villa