ForexSpirit

The EUR-USD pair has been pretty uneventful for quite a while now. Some mild dollar strength this week took the pair back down to hovering around the median line at 1.27. It feels like we’ve been around these levels forever now.
Two small profitable trades were banked this week. I still have [...]

Canadian Gross Domestic Product Month on Month
29 September, 2006. 08:30 EST
Consensus estimates
Forex Factory: 0.1%
Interbank FX: 0.2%
Today FX: 0.2%
UnderstandMarket: 0.1%
Trade setup
Estimate: 0.1%
Trigger: +/- 0.15%
Trade result
Actual: 0.2%
Difference: +0.1%
Action: Scratch

Hardly any movement after the news release. Move from 1.117 up to 1.1185 completed by 08:40, from which price oscillated within a 15 pip range for the [...]

US Personal Income and Expenditures
US Personal Consumption Expenditures (Core) Month on Month
29 September, 2006. 08:30 EST
Personal spending consensus estimates
Briefing.com: 0.2%
Econoday: 0.2%
Forex Factory: 0.2%
Today FX: 0.2%
Yahoo!: 0.2%
PCE core consensus estimates
Econoday: 0.2%
Forex Factory: 0.2%
Today FX: 0.2%
Trade setup for both
Estimate: 0.2%
Trigger: +/- 0.2%
Trade result
Personal spending actual: 0.1%
Personal spending difference: -0.1%
PCE core actual: 0.2%
PCE core difference: 0.0%
Action: Scratch

Range [...]

US Real Gross Domestic Product, Q/Q - Final
28 September, 2006. 08:30 EST
Consensus estimates
Econoday: 2.9%
Forex Factory: 2.9%
Today FX: 2.9%
Yahoo!: 2.9%
Trade setup
Estimate: 2.9%
Trigger: +/- 0.5%
Trade result
Actual: 2.6%
Difference: -0.3%
Action: Scratch

Only a 12 pip spike up, given the below expectation number, which was reversed within eight minutes to 15 pips below the pre-release price. Price meandered for [...]

Dirk has published his second newsletter, following up on the central issue of gearing and how utilizing high leverage is not in your best interest as a trader. As well as exploring the issue of high leverage and how it is detrimental to your long-term survival, he also shows how it is still possible [...]