This is the weekly summary on casual forex posts for this blog. This way you can get a summary of what you missed over the week and catch up on whatever you need.
Forex Divergence Trading – Divergence trading is something that comes from all sorts of trading. It’s one of those phenomenons of market behavior that you can take advantage of and predict the direction of trades. It’s a pretty diverse way to turn a profit in this market.
The Canadian Dollar Has Been Falling – The Canadian dollar has been on a run up for sometime. It has been on a massive run actually. It made it all the way up to 0.92 cents US. Now it is trending down again and it is around 0.86 cents US. I’m telling you, there is a lot of profit to be made with the Canadian dollar.
Poor Economic Data – It appears that there might be a little sanity returning to the equity markets. The stock market has been going up on news that could be best described as neutral. Some poor economic data has come out that paints a very sour picture.
Dollar Up Against the Franc – The Swiss have announced that they’re going to start interfering in the forex market by selling Francs. This creates a distortion of the price and devaluing. That’s exactly what happened, so you see an increase in the US dollar compared to it.
