Mastering Forex Trading

A record-low US ISM services figure failed to discourage equity markets, which rallied during the hour following that news release during today’s New York session. The rise in stocks was accompanied by a drop in T-note futures, indicating an increase in risk appetite among global investors. In that scenario, the Japanese yen tends to weaken, which means up for the yen crosses. The EUR/JPY currency pair delivered, providing a classic trendline re-test before climbing 140 pips to the 200 ema on the 15-minute chart.

Duration : 0:12:58

Technorati Tags: 4X, currency, forex, fx, fxbootcamp, money, trading, wehrley

Tags: 4X, currency, forex, fx, fxbootcamp, money, trading, wehrley

This entry was posted on Saturday, September 12th, 2009 at 7:54 pm and is filed under 19. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.