Foreign Exchange
Forex News: Exceptionally Quiet European Session Sees A Small Euro Decline
EUROPEAN SESSION UPDATE: Fiscal cliff remains the looming threat for the final trading day of the year… The currency markets were extremely quiet during today’s session as there was little chatter and no significant economic releases. Liquidity is expected to remain low for the last day of the Christmas to New Years break. The one [...]
Forex Analysis: Dollar Shows Signs of Pullback at Key Resistance Level
The US Dollar has stalled at key chart resistance, with candlestick positioning now showing early signs of a possible turn lower in the days ahead. THE TAKEAWAY: The US Dollar has stalled at key chart resistance, with candlestick positioning now showing early signs of a possible turn lower in the days ahead. US DOLLAR TECHNICAL [...]
Forex Analysis: Euro and Australian Dollar Patterns Reveal EUR/AUD Trade
The EURAUD is completing a long term inverse head and shoulders pattern just several weeks after the EURUSD and USDJPY completed their respective patterns. The objective is 14040 (in line with the October 2011 high at 14087). The EURAUD is completing a long term inverse head and shoulders pattern just several weeks after the EURUSD [...]
FOREX Trading: USD/JPY Ending Year at Channel and Fibonacci Confluence
As we enter the final days of 2012, I’m closely monitoring the USDJPY, AUDUSD, and USDMXN. Afternoon Technicals (all charts) Other TA (crosses, COT, etc.) FOREX Trading and Technical Analysis Observations As we enter the final days of 2012, I’m closely monitoring… USDJPY – The long term USDJPY inverse head and shoulders breakout the week [...]
Forex News: Euro Erases Gains As Risk Appetites Abate
EUROPEAN SESSION UPDATE: French GDP grows slightly less than previously estimated; Japan FinMin says government will present stimulus plan before next BoJ meeting… For the third day in a row, the Euro is seeing some unexpected volatility, as there is no significant fundamental news to drive prices, and liquidity is low for the holiday week. [...]
Commodities: Muted Trade Likely as Markets Wait for Fiscal Cliff News
Commodity markets are likely to see a quiet end to the short trading week as investors wait for cues from the weekend’s fiscal cliff talks for direction cues. Commodity markets are likely to see a quiet end to the short trading week as investors wait for cues from the weekend’s fiscal cliff talks for direction [...]
Forex Analysis: Quiet Trade Likely Before Weekend Fiscal Cliff Talks
Forex markets may be in for a quiet end to the trading week as traders wait for the weekend’s “fiscal cliff” talks before showing directional commitment. Forex markets may be in for a quiet end to the trading week as traders wait for the weekend’s “fiscal cliff” talks before showing directional commitment. Talking Points FX [...]
Forex Analysis: Dollar Continues to Break Higher as S&P 500 Probes 1400
The US Dollar continues to push higher as the S&P 500 probes lower to challenge the 1400 figure with an eye toward deer losses head. THE TAKEAWAY: The US Dollar continues to push higher as the S&P 500 probes lower to challenge the 1400 figure with an eye toward deer losses head. US DOLLAR TECHNICAL [...]
Forex News: Euro Continues Move Higher in a Quiet Session
EUROPEAN SESSION UPDATE: European equities are also higher following the Christmas break; worries of the fiscal cliff loom… European markets are back open today and there have been a few economic releases this morning out of Europe, but general chatter is still pretty quiet as was expected for the Christmas to New Years week. However, [...]
Commodities: Gold, Crude Oil Look to Fiscal Cliff Talks for Direction
Crude oil and gold prices are at the mercy of US lawmakers as all eyes remain on Washington, DC in hopes of a deal to avoid the fast-approaching “fiscal cliff”. Crude oil and gold prices are at the mercy of US lawmakers as all eyes remain on Washington, DC in hopes of a deal to [...]
Forex Analysis: Dollar to Fall if US Officals Reach Fiscal Cliff Deal
The US Dollar is likely to weaken against most of its top counterparts if US lawmakers manage to secure a deal avoiding the fast-approaching “fiscal cliff”. The US Dollar is likely to weaken against most of its top counterparts if US lawmakers manage to secure a deal avoiding the fast-approaching “fiscal cliff”. Talking Points US [...]
Forex Analysis: Dollar Hits One-Month High as S&P 500 Resumes Selloff
The US Dollar hit a one-month high while the S&P 500 broke support guiding the upswing since mid-November, hinting the larger selloff has resumed. THE TAKEAWAY: The US Dollar hit a one-month high while the S&P 500 broke support guiding the upswing since mid-November, hinting the larger selloff as resumed. US DOLLAR TECHNICAL ANALYSIS– Prices [...]
Forex News: Yen Continues Decline as Abe Sworn in as Japan PM
EUROPEAN SESSION UPDATE: USDJPY sets a new 20-month high following the Christmas break; former PM Aso appointed Finance Minister… Only a few hours after the open of Forex markets following the Christmas break, Japan’s Upper House and Lower House each approved Shinzo Abe to take over as prime minister. At 12:30 GMT, Abe will hold [...]
Forex News: Euro Retraces Gap Despite Looming Fiscal Cliff
EUROPEAN SESSION UPDATE: EU-IMF says a lot of Greece’s outstanding taxes should be written off; Sen. Joseph Lieberman says US will likely fall off of the fiscal cliff… Despite the likelihood of the US falling off the fiscal cliff growing with every passing day, risk correlated currencies are trading higher in today’s trading. EURUSD opened [...]
Forex Analysis: US Dollar Reverses Higher as S&P 500 Tests Support
The US Dollar has mounted a formidable reversal while S&P 500 technical positioning hints at weakness, hinting the greenback may see upward follow-through. THE TAKEAWAY: The US Dollar has mounted a formidable reversal while S&P 500 technical positioning hints at weakness, hinting the greenback may see upward follow-through. US DOLLAR TECHNICAL ANALYSIS– Prices are testing [...]
Quaint notion, but the only thing i fear more than the Fed is whatever monstrocity replaces it. As for transparency, ...
All their employees getting laid off with no chance of getting called back in Middlebury Indiana sure don't see any ...
What is wrong with this picture. Everyone has a price of $14-15, but these clowns come out with $4-5. ...