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British Pound Gains May Slow GBPUSD - Forex trading crowds have remained net-short the British

British Pound Gains May Slow GBPUSD - Forex trading crowds have remained net-short the British Pound against the US Dollar since the pair traded near the 1.5600 mark, providing strong contrarian signal to go long. Yet a noteworthy pullback in short interest and bounce in long positions suggests momentum may slow. The ratio of long to short positions in the GBPUSD stands at -1.98 as nearly 66% of traders are short. This compares to yesterday when the ratio was at -2.97 as 75% of open positions were short. In detail, long positions are 32.4% higher than yesterday and 7.9% weaker since last week. Short positions are 11.7% lower than yesterday and 29.2% stronger since last week. Open interest is 0.6% weaker than yesterday and 3.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains, but the moderation in sentiment suggests gains may slow. Forex @ DailyFX - Forex Sentiment | Forex Technical Analysis (via Forex @ DailyFX - Currency Trading News, Fo...
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Top 10 Forex Trading Tricks: You Won’t Lose

Top 10 Forex Trading Tricks: You Won’t Lose The foreign exchange market or forex is the largest and most liquid markets in the world. Its growing popularity can be seen by the whooping $2 trillion trades a day. While the forex can be an extremely lucrative market, it can also be somewhat complicated. These ten tricks will help insure trading success in the foreign exchange market. First, make sure you implement a trading plan. You should develop a foreign exchange trading system that you can stick with. Having a decent strategy is not enough you need a well-developed system to effectively implement your strategies. You should start by creating a schedule of when you will do your Forex trading. Next create on organized budget to keep track of the inflow and outflow of your money. It’s important to understand that Forex trading, like any business venture, will have its peaks and slumps. You should be prepared to stick to your system despite these fluctuations to maximize...
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Economical News- 27th Nov 2009

USD The U.S. Dollar rebounded versus most major rivals except the Japanese Yen Thursday, benefiting from safe-haven flows amid fears of a potential sovereign debt default by Dubai. Dubai's shock move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company's $59 billion in liabilities, dented risk appetite across asset markets on Thursday, to the U.S Dollar's benefit. Against the Japanese Yen the greenback headed for its worst month since December before a report next week that economists say will show U.S. business activity has declined, supporting the case for the Federal Reserve to keep borrowing costs near zero. The U.S. currency traded at $1.4945 per EUR from $1.5019 yesterday. However the Dollar edged up from its lows against the Yen in early trading Friday as renewed risk aversion prompted investors to shed riskier assets, giving pause to broad Dollar selling. Market players also refrained from re-testing...
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Dubai Debt Concerns

Dubai Debt Concerns Fears of a potential default in Dubai sent shock waves through financial markets Thursday, weighing on European and Asian equities and pulling the U.S. Dollar off of recent lows as investors sought out safe havens. Analysts said Dubai's woes were a blow to sentiment, serving as a reminder that potential trouble spots remain in the world economy. kishore
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