Forex Trading – Limit order 16/07/2010. Sell GBP/CHF @ 1.5970 , SL @ 1.6145 , TP1 @ 1.5875 TP2 @ 1.5810 TP3 @ 1.5740 The pair has been trending downwards and has made a small retracement upwards. We want to enter the main trend which is still downwards but first wait for a confirmation the [...]
Posts Tagged ‘daily reviews’
The Pound weakened from a two-month high against the Dollar
July 11th, 2010
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USD Dollar (USD) – The Dollar was mixed against most of the other major currencies after better than expected U.S. data on initial jobless claims supported a stronger Dollar but eventually, the stocks markets and the oil succeeded to rise nicely, causing the Dollar to be unstable. Unemployment Claims came out at 454K vs. 461K [...]
Principal types of buying rates in Forex Trading
July 15th, 2009
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In a purchase business deal the bank acquires Forex trading from the customer and pays him the currency as he requires. Some of the purchase business deals result in the bank acquiring Forex trading. For example, if the bank pays a demand draft drawn on it by its correspondent bank, there is no delay because [...]
