Thursday, November 10, 2011
In today's V.I.P. webinar, we briefly disucss 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.
Thursday, October 27, 2011
We started the webinar talking about the surprising rally in the Euro that started to break out during the late Asian Session. At the 2 day EU Summit, Leaders & policymakers had agreed on a proposal for an orderly & structured Greek Default and how to minimize the spread of contagion throughout the Eurozone. There were 3 main issues that were central to this proposal or plan. The first was how much leverage or firepower should they add behind the EFSF, how big should the haircuts be on Greek Debt, and should there be a plan to recapitalize the banks. The outcome of this meeting gave the market reason to rally. Since yesterday, we have seen a ~ 300 pip rally in the EUR/USD pair.
During the second half of this webinar, we briefly review & discuss a chart of the entire Eurozone Sovereign Debt. We also place a few live trades using the Slumdog Forex System.