GBP falls to 31 year low after Brexit

2 weeks after Brexit, the GBP/USD falls to 31 year low of 1.2952 today. Please see this GBP/USD weekly chart to understand how the GBP has suffered from Brexit decision. Most economists and investors had been warning the British people of this situation if they chose Brexit and yet 52% of British voters chose Brexit […]
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EUR/USD Technical Analysis – 07Sep2015

The Euro is looking to recover ground against the USD after falling in recent days. However, the recent stability around 1.11 (our old target that good solid profits), is temporary, and we can expect a big move, at least 200 pips, in EUR/USD either on downside or upside in the coming days, most likely around […]
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RBI Forex Reference Rates – 30Apr2015

As on 30-Apr-2015 13:50:00 Underlying RBI Reference Rate      1 $ 63.5780      1 £ 97.9864      1 € 70.5334      100 ¥ 53.5300 The Euro is recovering well after steep losses in the last 3-4 months. Recovery of the Euro is positive for global economy as it indicates release of some hoarding pressure from the US Dollar, and […]
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Bonus Trade: Buy EUR/USD for Target 1.22

Looks like the US Fed policy statement today has ended the USD rally, and we could see solid short covering rally in EUR because the shorts are rushing to square off their position today. Today is the first day of clear BUY signal, so this long Euro trade should go on for next several days. […]
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Mastering the Currency Market

Make Volatility and Risk Work for You with Forex Trading! “This book (Mastering the Currency Market) should be in every trader/investor’s library. As we come out of this depressed market, this book can be your companion, helping you avoid mistakes and enhance your trading program.”-Bill M. Williams, author of Trading Chaos. “Whether you’re just getting […]
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