Dollar Turnaround; Beginning of Reversal or Pullback?

The dollar has finally regained some ground. It's too early to tell, but the strength could be the beginning of a significant reversal. The GBPUSD is testing h&s neckline support. Read the entire article

Fed likely to keep interest rates near 0% for some time

Federal Reserve Chairman Ben Bernanke has said that the recession is "very likely over," but the Fed isn't acting like we're in a recovery.

Economists widely believe the central bank will keep interest rates between 0% and 0.25% at the conclusion of its two-day meeting next Wednesday. The Fed is also expected to say very little about its plans to wind down more than a trillion dollars in lending and bailout programs, and it will likely stay away from any overly enthusiastic language about the economic outlook.

"This will be one the quietest Fed meetings in quite some time," said Rich Yamarone, director of economic research at Argus Research. "The last thing they want to do at this stage of the game is to upset the apple cart. They're liking what they're seeing in some of the economic data, so it's just steady as she goes." Read the entire article.

New Account

I just opened a new account with Alpari today to trade forex. Will update each trade i make!

Market update for Thrusday October 23

Its all about USD and JPY at the moment. Watching the correlations between the currencies and crude oil we can see a big strenght in these two currencies. The USD is driving the EURO all the way down to 1.28ish at the moment, the lowest point since November 2006!!

My very first post!

Hello everyone and welcome to my new blog: Forex Market Reviews which is my new project related with my trading.

Im Fern a 24 years old, Accounting and Finance full time student and part time forex trader living in Newcastle, UK but will move to London next year, so that will be really exciting to be in Europe's financial capital.

I trade most of the currency pairs, whenever I see a good set up to make a trade. But basically keep an eye on the correlation between the four major currency pairs EUR/USD, USD/CHF, GBP/USD, USD/JPY and oil.

I got started into trading back in 2005 when i entered a stock trading contest at uni, but didn't know what I was doing at all lol. Didn't finish within the top 10 traders and didn't get back into trading until last year when I found online a trader from Colchester, David Knight, and could learn lots from him.
So I was researching about the trading basics, the S&P 500 and the Dow Jones, to then discover that Forex was more my kind of stuff, with the bigger volumes and 24/5 market hours.
But I still trade the S&P every once in a while, like this week when I sold a few times after the price was breaking previous lows. It wasn't hard to know that the price was going down, with all the market crisis going on.

Enjoy the rest of the weekend, next week might be another crazy week for the markets.