Thursday, December 15, 2011
We start today's webinar by discusing the fundamental outlook for the EUR/USD pair and the reasons for the flight to safety move in the market. The Euro has been weakening across multiple crosses, which is a sign that this story is not necessarily about US dollar strength, but really about more weakness and uncertainty in the Eurozone.
The market went through a brief correction throughout the Asian & European Trading Session as a result of short covering, but reached a zone of resistance at 1.3050. Since the November Philly Fed Manufacturing Numbers came out better than expected, at 10.3, this encouraged more USD strength. So, we began to see the pair slide lower and continue in its bearish trend.
In the last half of this video, we enter a few live trades using the Slumdog Forex Trading System.
Friday, December 9, 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.
In the second video, we give an update on the outcome of the trade placed during today's webinar.