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Today’s US jobs data — while not great by any stretch of the imagination — did help ease some of the more pessimistic outlooks about the US as not only did the economy have a better number of private jobs created in August, the upward revision for June and July were a welcome sign. Stocks were up as was risk appetite, meaning our commodity currencies tied to global growth like AUD, CAD, NZD jump…
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Another solid day for traders that sold the dollar yesterday. For now, we expect dollar bears to resume selling following the ECB press conference. We anticipate Trichet will support the European economies and will most likely state that things are progressing in the right direction. This should alleviate some concerns in the short term and push the majors higher. We also saw good support across t…
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Learning how to use a trailing stop will take the guess work out of trying find the best place to take profit…