By Ian Sani. Millions of people all over the world turn to Forex trading when they wish to make some money. While some are long term players, others don’t mind taking a little more risk in order to make large profits in a short span. Such traders then turn to the famous Forex Scalping technique. [...]

EUR/USD rose slightly today, but again, just insignificantly, hovering slightly below the major resistance line. The lack of significant movement in the dollar-against-euro pair was accompanied by the increase of the initial jobless claims in the past week. EUR/USD is now trading near 1.4222. Initial jobless claims were at 554k last week — that’s a 30k increase compared to the previous week’s 524k. The release came out [...]

Plot the Japanese Yen against almost any “major” currency over the last few months (or few weeks for that matter) and you get a pretty consistent picture. Moreover, when you graph most Yen currency pairs against the S&P 500 (I like the AUD/JPY), the correlation is uncanny! Sure enough, it was reported recently that “Japan’s [...]