Successful Forex trading using technical analysis hinges a lot on correct application of technical indicators, and the Fibonacci tools are not an exception. It is pretty easy to apply a tool like the Fibonacci tool retrospectively when the price action is all done and nicely fits, but the real challenge is how to apply the [...]

Greek parliament is in session, trying to pass new austerity laws as demanded by EU as a prerequisite for the next installment of bailout money. Pass or reject, either choice seems to be a losing proposition, which will only deepen the financial crisis in the country. If new spending cuts are approved, Greece will receive [...]

The Japanese Yen received a lot press recently and this time it was not because of intervention or a threat of one. After three consecutive months of running a trade deficit, the Japan posted a gap of JPY 2.49 trillion for 2011. Unfamiliar territory for this country, which had a surplus every year since 1980. [...]