During last week, the commodity currencies saw a significant boost. Both the Canadian Dollar and the Australian Dollar had a good size rally, which came in response to employment numbers, that turned out to beat expectations. By comparison, the new Zealand Dollar improved on rising commodity prices. That’s the media story. In reality, the NZD [...]

People are still debating latest explosion in Yen and other financial markets. Regulators are pouring over the records, hoping to pinpoint the cause of panic. While it is perhaps important from the point of view of financial industry as a whole, it is of little practical value to a trader. It is very unlikely that [...]

Many Forex trading strategies are based on breakouts. Breakout takes place when price moves out of established trading range, a pattern or simply above/below previous high/low. Latest price extremes often provide support/resistance, violation of which constitutes a breakout. A lot of my trades rely on just such action. However, by some accounts, breakouts are not very [...]