Blog Detail
Forex Point and Figure System
http://www.fxpnf.com/fxpnf-blog/
The Forex Point and Figure System Blog follows the forex market with point and figure charts. The system is an objective and commons sense approach to trading the forex market.
Recent Posts
GBP/JPY Down by about 600 pips!
The GBP/JPY is down by about 600 pips since my post last week. That's not a bad move considering that most of the majors, like the GBP/USD and EUR/USD have been flat for the last five days. Keep your eye on the cross rates like the GBP/JPY because th...
Consider the Crosses
With so much movement in the U.S. dollar recently, it can be kind of difficult to find the next trade if you're following only the EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/JPY, etc. The trends involving the U.S. dollar right now are huge, but they can...
European Central Bank Shifts Gears
The European Central Bank (ECB) shifted gears at its meeting this morning by acknowledging slowing growth in its economy. This is the same story we've been hearing from the Federal Reserve in the United States. Earlier in the week, the Reserve Bank o...
RBA Signals Lower Rates
The Reserve Bank of Australia (RBA) met last night and signaled that rates Down Under would soon be moving lower. The Aussie sold off on the news, continuing along its recent trajectory. The AUD/USD has been in free fall for the last six trading days...
Fed Meeting Preview
It's an incredibly busy week on the central bank front. There are lots of meetings this week, starting tomorrow with the Federal Reserve. The FOMC is expected to do nothing. Growth in the U.S. economy is next to nothing, but inflation is running high...
EUR/USD Ahead of Non-farm Payrolls
The EUR/USD spiked up to 1.5700 this morning, following the release of U.S. economic data. But then the pair slammed right back down to near its short-term lows. The action is interesting, to say the least, ahead of tomorrow's non-farm payrolls relea...
