FOREX VIDEO - New York Session Review - February 10, 2010

In a prepared statement released during today's New York session, Federal Reserve chairman Ben Bernanke said that before long the FOMC would consider a discount rate hike. The U.S. dollar rallied in response, driving the EUR/USD currency pair down. A profit of up 40 pips [depending on entry and exit] was the reward for traders who shorted the euro on the pullback following the initial sell-off.

Category:

Education

Tags:

• forex
• currency
• trading
• fxbootcamp
• money
• 4x
• fx
• wehrley

[fpricardo]

Thanks, Curt

[intoforex]

you sound very passionate about fx. and all of your videos are pretty clear and well constructed. will keep watching. thanks!

[huttonp1]

Thanks for the detailed analysis. The long EUR/USD trade was also a good one, from the daily S1, as this was also a 61.8 retrace of last week's lows and earlier this week's highs! So many things happening in different time frames :-)

[chinoski78]

Thanks for the analysis.

[yeright1977]

great stuff, thanks

[sheerookee]

thank you