Simple Forex System Trading

After the job data, dollar is up slightly against yen.  BOJ is ‘somewhat’ relieved I am sure as they can at least spend some decent time with their families over the weekend before their FM summons them all back to the little room in the bank to intervene.

Via FOREX-Dollar up vs yen on US jobs data, holds steady vs euro | Reuters.

And of course, we are still ‘waiting’ for the Greek deal, if there is still one.  And rumor has it that ECB is going to cut interest rate to boost the Europe Zone lackluster economy.  Will they do it this Thursday?  The excitement and mystery will certainly keep traders glued to their iPads, Androids, and PCs.  Sorry I didn’t mention Windows phones because I was told that their market share was worse than minimal.

via FOREX WEEK AHEAD: With Greek Deal Still Elusive, Euro Awaits ECB

Intervene?  Or not intervene?  Every time BOJ did intervene, it  didn’t work.  Now, the time has come again for BOJ to decide if they want to do it all over again.  Is it bye bye 76 and say hello to 75?  Do we hear 74?  Or is it bye bye 76 and here comes 79?

Via Forex Flash: Intervention in USD/JPY highly unlikely – JPM.

Sharing some trading systems I found today.

via Dolly Forex System Version 13 | Free Daily Forex Signal – Get 50 Pips Profit per Day!.

EUR/USD closed at 1.3220 for the week, the highest point we have not seen for a while.  I wondered how UBS felt about it and whether they would stick to their “analysis” on 1/22?

UBS said that the recent rally in euro dollar was simply a relief rally.  Even if euro breaks above 1.3050, they’ll still look for opportunities to sell.  What do you think?

via Forex Flash: Firm conviction Euro short positions to pay off – UBS – NASDAQ.com.