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forex trading webinar on May 16, 2012

Click Here To Watch Video Live Webinar From Wednesday, May 16, 2012
Live Webinar From Wednesday, May 16, 2012
By: Melvin P.

Wednesday, May 16, 2012

Failure of Greek leaders to come to an agreement on a coalition government has contributed to massive risk aversion in not only the EUR/USD pair, but across multiple asset classes. Within a 24 hour period, the pair had fallen about ~190 pips from a high of 1.2869 on yesterday to today's low of 1.2681. Market participants are now fearing the likelihood of a Greek exit from the Eurozone and this has caused spreads between the 10-YR Spanish & 10-YR German Bund to widen to record levels. On today, the EUR/USD is pushing higher in a corrective pattern due to short covering, brought on by good news coming out of the Eurozone. The Eurozone Trade Balance came in at a surplus, Core CPI numbers were below their inflation target of 2.00%, and the auction for the German 10-Yr paper had a successful take up rate, despite the low yields.

In today's V.I.P. webinar, we discussed the current price behavior in the EUR/USD pair and looked for opportunities to place a live trade using the Slumdog Forex trading system.


forex trading webinar on May 10, 2012

Click Here To Watch Video Live Webinar From Thursday, May 10, 2012
Live Webinar From Thursday, May 10, 2012
By: Melvin P.

Thursday, May 10, 2012

In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and the fundamental news pushing market prices. We also place a few live trades using the Slumdog Forex trading system.


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