Hi Everyone



Last week has been relatively quite. I will try to cover in the coming weeks and make the most out of it.



Coming week will be active and I am expecting it to be more profitable than the previous week. FOMC meeting and statement on thursday will be interesting to watch. Australian Monetary policy meeting on tuesday will be interesting to but for AUD pairs only. AUDUSD is likely to get stronger in the coming weeks. So will be the…

Good Afternoon Everyone!



I have been missing trading and you guys for the past 5-6 days. I couldn't put my blog because I was travelling and doing lot of other stuff. Let's talk about the Market now.



Last week we saw a strengthening in USD which was somewhat you can say was due to Bernanke speech 3 times in a week. Bernanke Generally doesn't give speeches 3 times in a week so investors and market got…

Good Morning everyone!

Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.

The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and…

Good Afternoon everyone

It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…

Newzealand Finance minister ENGLISH just gave a statement that high NZD is not good for our export and hurting our economy and we saw a drop of 25-30 pips however NZDUSD is likely to go down soon.

On the other hand RBA gave hawkish statement which took AUDUSD pair to 1.330 level however it will run out of air sooner or later this week and should come down again.

Greeting friends!



As I discussed in my last blog EURJPY and GBPJPY has picked up the momentum however considering monday it is not likely to be so active. Tuesday,wednesday and thursday are the main days of trading for major pairs.



One interesting thing came up with looking at the chart on a 4h scale is AUDUSD is heading towards parity very soon. There has been immense pressure on the pair and the pair has not been able to break above 1.0400…

Good Afternoon All

Last week was a rocky mountain but we not only survived we made more profits than any other week. Someone said " FOR EVERY THREAT THERE IS AN OPPORTUNITY" so we took that opportunity and ripped the rewards. In my account we made double of the usual week profits. Well past week gone lets talk about next week.

Coming week will be interesting. Last week I predicted that EURJPY will go up but before the meeting it will go down to 123 which exactly happened. If…

Hi Everyone



Market has been just trading sideways since morning apart from JPY pairs which were expected to drop.



EURJPY is in buying zone and could rip 150 pips by monday however I would suggest on low risk. EURJPY but at 123.00 and TP at 125.20.



AUDUSD will be affected by few political comments in future. Today member of treasury said that AUD is way too much overvalued and it is hurting our manufacturing and exports. Moreover Rio…

Most of the eyes will be on BOJ statements again. As china is closed for the week and market is very quite during the asian session so BOJ is likely to bring some action.

EURJPY and GBPJPY will be looked for key support and investors will be keeping an eye on every dip. In the last two BOJ meeting the politicians disappointed the market and investors which made YEN stronger.

NZDUSD has got wings and flying in no fly zone. However it is limited till 8500. AUDUSD…

We have seen EURCHF has raised the bar from 1.2000 level which was last year closing to 1.2200. Currently trading at 1.2338 at the time of writing. The pair has show good growth in the recent days.



Today SNB chairman Jordan indicated that CHF is likely to remain weak against EUR and will get weaker over time. There are rumours in the market that SNB might raise the bench mark for EURCHF as 1.2500 for rest of the year. 



Before 2009 Swiss…

I think EURGBP will touch the 0.8800 level again within 3 weeks time. Weakening GBP and strong EUR Will take this pair to 0.8800.



Currently trading at 0.8630 at the time of writing the pair is extremely bullish and all the indicators are showing buying signal. All the moving averages are showing buying signals. Investors are still very optimistic about the pair touching 0.8800 level and buying at every dip.



EURUSD is also expected to touch…

Hi Everyone



I hope all of you are well and wish you all good luck.



We were hoping a quite week however considering monday yesterday was really active. Our EURJPY pair turned positive and gained almost 10%. JPY pairs were likely to go up it was just the comments of ASO which took it down and generally these comments doesn't have long lasting affect which is faded now.



NZDUSD again has shown some…

Hi Everyone



I hope all of you had a great week and made lot of profits.



In my previous blogs as I mentioned that Euro will climb new highs and JPY will touch new lows which happened. AUDUSD and NZDUSD went down on monday and tuesday sessions but picked up again on thursday and friday because of US economical data.



There are few big event news week which will make a big impact on certain pairs. …

Instead of writing my usual post about trade setups, I thought I'd write something different for two reasons;

1) I really didn't like anything going into the Friday before the Greek elections which could get really ugly

2) I wouldn't want to be holding any Spot positions going into tomorrow's London session since the markets now rumor driven

So what I decided was to talk about an alternative to playing a spot position going into this…

Today I am going to give a lesson on how to find some of the best support and resistance levels in the market.  If I had to say - I think there are three types which are the best support and resistance levels you could find.  But it would take a long time to go into each type, what are the characteristics of each, what they mean from an order flow perspective, and how to trade each type.

So I am going to cover in today's lesson, what are some of the most critical variables to…

High yielding currencies were lower during the last few sessions, propelled in part by disappointing growth figures out of the UK. First quarter GDP numbers in the UK were lower than market expectations (largely on weakness seen in the construction sector). This brought sellers into the British Pound as analysts will ramp up their arguments now for why the Bank of England (BoE) is likely to re-introduce their quantitative easing program (in the form of government bond buys).

The Q1…

Equity futures in the US are pushing higher, following gains made in both Europe and Asia. The gains were seen after comments out of the Eurozone and China which showed that both regions are looking for ways to stimulate economic growth and positive earnings released by Best Buy. Best Buy is the biggest retailer of consumer electronics in the US and its stock rose more than 2 percent as earnings improved on increases in smart phone sales. Morgan Stanley and Citi Group helped financials with…

Sometimes people shirk from the world of Penny Stocks, despite of the fact that it is a very profitable money earning prospect. Definitely it would be a challenge to know about what Penny Stocks to watch, for the new entrants in this game of money making. Nevertheless, as far as Hot Penny Stocks are concerned, it has great potential; although risks would be involved in Penny Stocks just like any other business. It is a matter of…