Hi friends! So sorry I haven’t updated the blog in what seems like AGES but I’m back now. Promise. 🙂
As you all may have noticed, we’ve been experiencing a buying sentiment in the market. It’s been a good few days, today’s movement has been kinda or hit or miss but overall, a great week so far.
Let’s look at GBP/JPY:
This pair rose almost 800 pips in the last 2 days. If any of you happened to hold this trade for the last 48 hours, then you must be bouncing off the ceiling with happiness. EUR/JPY also moved big, moving approximately 700 pips.
Expect some pullback either tomorrow or early next week. What goes up must come down..eventually. I will keep you all updated, don’t forget to check my Twitter! Also, if you have a Twitter account, follow my mentor’s tweets. Remember me mentioning her in my first post: An Introduction? Her Twitter name is FX Princess . Check out her list of potential trades, they are spot on. Thanks so much!
Happy Hunting, everyone. 🙂
Happy Tuesday everyone! Hope you’re all having a wonderful day so far.
It’s been quite interesting, the way the market has behaved today. It’s in pullback mode. All the currency pairs that have been trending up have decided to switch courses today. Who knows how long the retracements will last, could be for a couple of days…you never know but it’s wise to be prepared for a change. What goes up, must come down…we must always keep that in mind. Even I have to remind myself sometimes because sometimes being overzealous can backfire.
Here is one currency pair you should keep an eye on: EUR/GBP as a sell. It has been down the past 4 trading days or so and I expect that it will continue to decline for at least a few more(days).
As always, keep on top of your economic data. Tomorrow’s vital data includes: Speech by the Reserve Bank of Australia(RBA) Governor, German Ifo Business Climate(EUR), Durable Goods Orders(USD), New Home Sales(USD), and Current Account Balance(NZD). These indicators can drive the market so be aware of the time they are released and watch the market reaction to the news. I plan to write a rundown on these items of information tomorrow so, look out for that. Also, don’t forget to check in on my Twitter updates…whatever I’m watching and doing that related to Forex, I post there. You can read them in the sidebar on the bottom of the page, subscribe to my Twitter accounts RSS feed, or just read the updates from the direct link . And finally, you can email me with any comments or questions…I’m always open to communicating with my blog readers! 😀 Speak with you all soon,
Seems like everyone’s on Twitter these days so I figured that I might as well jump on the bandwagon(not that I’m regularly one to join the crowd ;)). It’s such a huge craze as it allows us to leave messages/updates for our friends to keep abreast of what we’re doing, at what time.
So, follow me and read my updates at twitter.com/forexgal. You’ll know what I’m doing, what currency pairs I’m looking at, random Forex chatter…yadda yadda yadda.
Here’s a screenshot of what the webpage looks like:
Don’t forget to check me not only here but on Twitter daily! If you sign up, you can add/follow me from your own page to get my updates and also be able to leave comments. Can’t wait to hear from you all! I love hearing feedback, I’m always open to suggestions and comments. 😀 .