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HELPING OTHER FOREX TRADERS
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Trader Berpengalaman
Oct 07, 2013 at 12:05
Canada’s dollar sank as the nation’s crude-oil prices slid relative to a U.S. benchmark and concern increased that the economy will be hurt by the American government shutdown.The currency touched a two-week low against its U.S. peer as a budget impasse in Canada’s biggest trade partner persisted and another fight loomed over raising the U.S. government’s debt ceiling. The currency erased a weekly loss against the greenback yesterday as risk appetite improved amid optimism that lawmakers in Washington might reach a deal soon. Canadian employment growth slowed in August,...
JPY strength
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Trader Berpengalaman
Sep 25, 2013 at 12:42
True. Even if there are any reasons, they don't really matters, since the currency price is formed mainly by the supply demand ratio. Imagine the situation, when Japanese economy suddenly rose for 100% in one day, but nobody new about that. The price for JPY won't change until everybody realize that it is good time to buy.
MY NEW PATTERN
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Trader Berpengalaman
Sep 25, 2013 at 08:34
Seems like a good one. But it will only work if people will keep using fibo which is getting less and less popular our days.
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