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An important day ahead

fxwiz Posted 23 Mar.  in #Trading #Contest
After a calm trading session, we´re about to see a lot of important data tomorrow. It will all start at 11:30 with British monthly retail sales and it offers a first opportunity of the week to make a strong, fundamental trade. After that, at 2:30 pm, it is likely that we will see a decisive movement in USD pairs after US data releases, which could end the ambiguity of the direction USD pairs are headed in now.
Also, there´s a good chance that whatever the direction USD will move toorrow, it will…
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Sideways trading pattern in all currencies

fxwiz Posted 22 Mar.  in #Contest #Trader
Today, we experienced a very calm, yet extraordinarily unpredictable session. The dollar seems to have gained a lot of strength against a couple of major currencies.
It is, however, still true that, thanks to contradictory European data, the currency market is extremely unpredictable, with very little information to act on. This will probably continue till Wednesday, as te only important data release which could affect the dollar is Crude oil inventories. That is certainly worthwhile.
Trader´s…
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