Showing posts with label Crude Oil. Show all posts
Showing posts with label Crude Oil. Show all posts

Tuesday, 10 May 2011

GBP/USD Analysis 2011-05-09

Refer chart for reference. GU remain mid term bearish.


Crude Oil Weekly Chart.


Trade Idea : As crude oil remain in retracement phase, I believe Pound will follow the crude oil trend.

Happy trading. Wish you lot of profit.

Thursday, 5 May 2011

Fundamental News

Look at the fundamental news taken from Forex Factory. How market react with the news? Does the news is true? Look for yourselves.

  
Now look at the EU chart. It shows USD is getting strong. Why? Read the newspaper.


Oil inventories increased. Read here. Now, which fundamental news traders want to believe? I believe news regarding crude oil and gold fundamental. The effect is very strong.

Be careful for Non-Farm news tomorrow.

Happy trading.