Posts from: February 2013

MD trades review for the week of 18.02.2013 – 22.02.2013

ATC (GMT+2)

Monday

2013.02.19 00:10 Sell 1.33524 2013.02.19 01:56 1.33514 1 pip.

Tuesday

2013.02.20 00:58 Buy 1.33820 2013.02.20 01:04 1.33872 5.2 pip.
2013.02.20 00:58 Buy 1.33820 2013.02.20 01:57 1.33957 13.7 pip.

Thursday

2013.02.21 23:07 Sell 1.31916 2013.02.21 23:20 1.31862 5.4 pip.
2013.02.21 23:07 Sell 1.31916 2013.02.22 00:45 1.31875 4.1 pip.
2013.02.22 00:42 Sell 1.31916 2013.02.22 00:45 1.31861 5.5 pip.
2013.02.22 00:42 Sell 1.31916 2013.02.22 02:38 1.31899 2.7 pip.
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Forecast for the week of 25.02.2013 – 01.03.2013

For the period of February 25 – March 1, a number of important reports and events, capable of significantly impacting the US Dollar’s positions, is scheduled. The USFR Head Ben Bernanke on Tuesday, February 26 at 15:00 GMT will present a report on the monetary-credit policy to the Senate Banking Committee. The last protocols of the Open Markets Committee’s meeting have reflected the concerns of some of its members about the growing volume of assets on the USFR balance, accumulating as a result of the quantitative easing program’s implementation. Therefore, the traders view it as a probability of the premature QE3 folding. They will be looking for either disproof or proof of these suppositions.

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Market review for the week of 18.02.2013 – 22.02.2013

The US Dollar strengthened its positions over the period of February 18-22 as it became known from the protocols of the last meeting of the USFR Open Markets Committee that a number of its members are concerned about the assets volume growth on the regulator’s balance. The probability of the early folding of the quantitative easing program increased and the Dollar regained strength. The USDX index, being its correlation to the basket of the six main competitors, gained 0.9% in the second half of the day on Friday, February 22 in the week’s aftermath.

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