| GBPUSD: Trading the U.K. GDP Report (Daily FX) The preliminary 2Q GDP reading for the U.K. is expected to reinforce a weakening outlook for the region as economists forecast the growth rate to contract 0.8% from the first quarter, and the slump in private spending may continue to drag on the exchange rate as investors weigh the prospects for a sustainable recovery. us.rd.yahoo.com |
Oil tumbles below $69 per barrel; supplies jump (AP) Crude and gasoline prices fell sharply Wednesday on more evidence of a huge glut in supply, with the U.S. economy still damaged by the worst recession since the 1930s. us.rd.yahoo.com |
Announcing the PFGBEST Research Division (Business Wire) CHICAGO----PFGBEST® today announced it has completed the integration of Alaron Research into its new PFGBEST Research Division. PFGBEST acquired the customer assets of Alaron in May 2009 and the integration of a strong and reputable analytic team from that acquisition expands the research capabilities that PFGBEST can offer its global client base of retail and professional traders and investors. us.rd.yahoo.com |
British Pound Doesn’t Make for the Standard Dollar Counterpart (Daily FX) British Pound Doesn’t Make for the Standard Dollar Counterpart Fundamental Forecast for British Pound: Bearish - Some officials are calling for an imminent recovery for the UK, others a looming collapse - Mortgage approvals hit an 18-month high, pointing to the recovery of a vital economic sector - Congestion is well established for GBPUSD, but a definitive dollar rally can trend chop into a H&S reversal Many of the dollar-based majors are on the verge of a major trend reversal in the greenback’s favor. us.rd.yahoo.com |
The Importance of the Risk:Reward Ratio (Daily FX) Trader A has a win percentage of 75% on all trades while trader B has a win percentage of closer to 40% on all trades. Which trader is more profitable? us.rd.yahoo.com |