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Rumors contributed to plenty of volatility in the currency market on hump day’s New York session. A pair of sequential trades on two yen crosses — EUR/JPY and AUD/JPY — yielded some 360 pips for those traders who played a switch-hitter role.

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EURUSD continues to print new lows, net short positions at low!

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German Cabinet approves bailout package!

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This is an educational video to show forex traders how to use fibonacci extensions as a leading indicator for placing profit targets in their trading plans. Recorded for the DailyFX audience, the FXCM MetaTrader (MT4) platform was used for the live market examples. Recorded by Wayne McDonell of FX Bootcamp, LLC (www.fxbootcamp.com)

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