Recent content by katycat

Daily Report on June 01, 2016 The US dollar is moving in an unclear fashion due to mixed data on economic growth on Tuesday. Yesterday, the Commerce Department reported that consumer spending in April advanced 1.0%. The latest data beat economists’ expectation of a 0.7% increase, and recorded...

Forex is the biggest business platform in the world. With trading skills and experience good strategies you can make consistent profits. But if you treat it like a betting game which depend on luck then you will get burnt.

Brexit fears are still raging since yesterday's polls. I think I will stay away from this pair until Friday Non-farm news

Wow anyone knows the reasons for this sudden drop? I don't think any important news has been out yet

AUD/USD Lower As RBA’s Governor Indicates More Rate Cuts The Australian dollar is back below $0.72000 after the market observed the reaffirmation by Reserve Bank of Australia (RBA) governor Glenn Stevens to the inflation target of 2-3% as confirmation that the RBA will again lower rates in...

I think EURGBP will move sideways for some time before continuing the bearish trend, as traders is looking forward to Friday Fed news. Though some Euro & UK data today may affect the market moderately.

Dollar Remains Bullish After Positive Economic Data Last week, markets entered stirs after the minutes of FOMC meeting in April has been released, which showed that the central bank is likely to increase the benchmark rate as early as next month and two rate hikes by the end of this year are...

The Brexit poll earlier and UK solid Retail Sales Growth today drives the pair down even further at the moment! Look like EUR/USD will be bearish for quite some time. I'm selling at 0.76608, SL at 0.77590, TP at 0.75630.