Are you trading any US dollars in the forex market? Well, I have come across a video today that is pretty interesting to analyse the US dollar against some other currency pairs.
I am sharing with you here.
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US annouced some unemployment number last Friday, Federal Reserve Chairman Ben Bernanke said yesterday that a fiscal package could help revitalize the ailing U.S. economy and it is annouced today that retail sales fell twice as much as expected during December. Sound like all bad news and US market indeed is retreating its earlier gain.
While I was taking a rest from the stock market, I was also spending a little time to understand more about the Forex market. I was also testing some strategy using the EMA (Exponential Moving Average). To my surprise, the MA indicators seems to be working pretty well during my test today.
