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As another experienced opinion, the input in previous posts should be heeded basically. The challenges I've had with Forex are as follows... 1) Learning to trade dangerously(without a good system) and having to undo the bad habits formed. Solution? Find a good mentor who is trading...

USD/CHF is high at just over 0600 and should bounce down 50 pips or more later today, probably from where it is now. The rrr is 2:1 or better depending on Elliot Wave pattern developement as retracement happens. The larger trend is for more upward movement but the pairs need to take a rest for a...

USD/CAD may exceed 0275 area before retracing so the small scale Elliot Count bears watching. The reversal when it happens should be worth a few dozen pips. EUR/USD is low so I bought in the 70's, currently 5580. It may come down for a double bottom or lower but should rise first. Target...

Australia Better Placed Than Most to Resist Downturn, Swan Says By Angela Macdonald-Smith July 29 (Bloomberg) -- Australia is better placed than most other countries to withstand the global economic slowdown because of its well-regulated banking sector and ``disciplined'' budget position...

Canadian Dollar Drops For Fifth Day on Weakening Commodities By Jamie McGee July 28 (Bloomberg) -- The Canadian dollar declined for the fifth day amid concern that weakening commodity prices may signal slowing economic growth.

USD/CAD is reaching up nicely and should retrace well. I'm watchiong for an entry of about 0270-75 at this time. Target will be 0210

July 28 (Bloomberg) -- The International Monetary Fund said there's no end in sight to the U.S. housing recession and warned that deteriorating credit conditions for consumers and banks may prolong a period of slow economic growth. ``At the moment, a bottom for the housing market is not...

After a bounce up, the EUR/USD should work its way down to well below 5750 so catching catching a sell at the top of a bounce up and going with current downtrend will be worth watching for. A bounce up to 5870 would present a faily ideal sell opportunity if it gets there within hours.

GBP did drop nicely but after reaching a bit higher today. As it failed to reach 0050 area yesterday I didn't trade it and missed the sell at over 0070 when it reached there. Jus scalped the EUR with partial buy and was stopped with tight stop on rest. A rebuy is being contemplated and will...

EUR/USD appears to have reached a bouncepoint at 5823-25 area and should be good for a daytrade up of 25-30 pips with partial profit taken to cover a close stop.

I missed the entry on that... good thing, it was a losing trade concept due to breakout up of G/U during an often slow time of day. Given the unfolding pattern, another bouncepoint is expected near 0050 if it gets there today. Stop placed about 20 pips higher and target 40-45 pips below.

GBP is rising to a boucepoint of about 9995-2000 for a daytrade down. Stop 25-30 pips. Target 45-50 pips lower.

DUBLIN, July 18 (Reuters) - Euro zone growth is likely to be weak in the second and third quarter before staging a recovery, and the risk of second-round inflation effects needs to be taken seriously and prevented, ECB President Jean-Claude Trichet said. 'Our base-line scenario is that we will...

TOKYO (Thomson Financial) - Bank of Japan (BoJ) Governor Masaaki Shirakawa said on Friday the Japanese economy is expected to grow at a slower pace for the time being, but that it is likely to maintain its underlying growth momentum going forward rather than slipping into a serious recession...

USD/CAD rises about 80 pips then plummets 100. Bought at 0078 as it's sure to bounce a bit. Fundamentals don't explain the volitility to me yet, more reading required however technicals are providing ideal entries and exits for the nimble trader. :)

Canadian employers unexpectedly shed jobs in June for the first time this year, pushing the unemployment rate up and showing that the effects of the U.S. slowdown are spreading through the country's economy.

USD/CAD is over 0205 and should retrace a bit soon. GBP/CHF is high and if it reahces 0400 soon the it's worth considering a sell attempt. Target 75 pips + USD/JPY should bounce down at the 107.00 area target 30 pips at least EUR/USD I'd like to see drop a bit more below 5780 before a...

By Haris Anwar and Jamie McGee July 3 (Bloomberg) -- Canada's dollar fell after a U.S. government report showed the unemployment rate in the world's largest economy was unchanged and the European Central Bank signaled it may not raise interest rates again this year. By Robert Tuttle...

U.S. Stocks Tumble, Sending Dow to Worst June Since Depression By Michael Patterson June 26 (Bloomberg) -- U.S. stocks tumbled, sending the Dow Jones Industrial Average to its worst June since the Great Depression, as record oil prices, credit-market writedowns and a slowing economy...

Commodities Rally as Fed, Energy Costs Revive Inflation Concern By Millie Munshi and Pham-Duy Nguyen June 26 (Bloomberg) -- Commodities rose to a record, led by precious metals, energy and grains, on increased demand for raw materials as a hedge against accelerating inflation. The UBS...