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12 August 2014 - Categories: fundamentals By Steve Halverson - Comments: 0
Trading the UK July Jobs Data

Trading the UK July Jobs Data

A couple of top-tier events are lined up for the United Kingdom tomorrow and these could be crucial in setting the longer-term direction of the pound. The UK jobs report for July is due, along with the BOE inflation report. UK employment figures have been coming in stronger than expected for the past few months,

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12 August 2014 - Categories: technical analysis By Steve Halverson - Comments: 0
USD/CAD Reversal Formation - August 12, 2014

USD/CAD Reversal Formation – August 12, 2014

USD/CAD has been climbing towards the end of July and the start of August, but it appears that the climb is already over. A double top chart formation can be seen on its 1-hour time frame, suggesting that a reversal will take place soon. Price has yet to break below the pattern’s neckline at the

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11 August 2014 - Categories: general forex trading By Steve Halverson - Comments: 0
Why Is Trading Psychology Important?

Why Is Trading Psychology Important?

While the basic forex concepts allow you to spot profitable trade setups and risk management enables you to limit your exposure or maximize your gains, trading psychology ensures that you maintain the right mindset during a trade and throughout your trading career. Trading psychology allows you to stay focused even in the middle of a

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11 August 2014 - Categories: technical analysis By Steve Halverson - Comments: 0
GBP/JPY Retracement Setup - August 11, 2014

GBP/JPY Retracement Setup – August 11, 2014

GBP/JPY has been on a downtrend since the start of the month, as traders started unwinding their long positions when the BOE indicated that a rate hike this year isn’t guaranteed yet. Price has dropped from the 174.00 area until the 170.50 zone, from which it found support recently. A pullback might be taking place,

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8 August 2014 - Categories: fundamentals By Steve Halverson - Comments: 0
ECB July Monetary Policy Statement Review

ECB July Monetary Policy Statement Review

Judging from Draghi’s tone in the latest ECB interest rate statement, the central bank may be gearing up to implement another round of easing later this year or early next year. Draghi mentioned that the ECB is working on a program for its potential purchases of asset-backed securities to ensure that this stimulus winds up

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