Thu, 17 Jul 2008 06:00:56 MDT
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Written by Boris Schlossberg
There is a chance that wave i of 3 is near complete and that a setback, ending near 1.5840, will begin soon. However, this is a major breakout and the potential for extension does exist. Short term traders would be served well be lightening up on longs since this is just the second test of 1.60.
Fri, 06 Jun 2008 13:14:46 MDT
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Written by Jamie Saettele
The EURUSD has finally turned as we had been expecting for the last week. 1.5364 is viewed as a significant bottom and price is expected to exceed 1.5817 in the next few weeks.
Tue, 03 Jun 2008 16:13:16 MDT
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Written by Moshe Shalom
For some time now, I have found that linear support and resistance levels are not giving the best of results in some of the assets. On the other hand, if you create a slanted set of parallel lines, you can get much better correlation and reaction points.
Wed, 28 May 2008 17:29:24 MDT
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Written by Moshe Shalom
Gold is the asset that shows you two things: How the US Dollar is faring and how high is the fright of a financial meltdown. This is why it is quite important for FOREX traders to be up to date in the situation of the metal.
Fri, 02 May 2008 13:22:00 MDT
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Written by Kathy Lien
To the relief of dollar bulls, US corporations cut only 20k jobs in the month of April compared to the market's -75k expectations. The unemployment rate also dropped from 5.1 to 5.0 percent, triggering a widespread dollar rally.
Mon, 28 Apr 2008 15:01:32 MDT
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Written by DailyFX Research Team
The Conference Board’s consumer confidence survey has proven to be a potential market mover over the past two months. Although, with a week full of significant event risk including an FOMC rate decision, GDP and NFP’s, the markets may overlook the indicator.
Thu, 10 Apr 2008 05:26:28 MDT
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Written by Moshe Shalom
The general feeling of all the participants in the financial markets game is of dismay and despair. From a "small" problem in the US housing market (Sub-Prime), we have arrived to a possible meltdown of the global financial markets (Bear Stearns Bailout).
Sat, 22 Mar 2008 14:43:54 MDT
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Written by Forexcycle
GBPUSD's down trend resumed and dropped sharply to as low as 1.9736 level. Further fall to retest 1.9337 previous low support is still possible. Near term resistance is now at 2.0090, as long as this resistance holds, we'd expect down trend to continue.
Tue, 18 Mar 2008 21:25:42 MDT
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Written by Moshe Shalom
The USD is in a bad shape and you do not need us to tell you so. The problem is to know what is the preferred way to save the purchase power of your capital in these times.
Thu, 13 Mar 2008 08:40:29 MDT
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Written by Kathy Lien
What makes today’s record breaking day in the EUR/USD particularly unique is the fact that the currency pair is now trading above the psychologically important 1.55 level. Data wise, its been a quiet day in the currency market
Thu, 28 Feb 2008 04:28:05 MST
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Written by Moshe Shalom
It is a usual thing to view the EURO as the perfect currency hedge for the descent of the US Dollar and in fact, the US index, by which the value of the USD is measured, has a big chunk attached to the pair EURUSD.
Tue, 29 Jan 2008 06:12:47 MST
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Written by Kathy Lien
Are traders selling US dollars ahead of Wednesday’s FOMC meeting? Today’s price action certainly suggests that with the dollar weakening across the board. Even though the greenback did strengthen slightly against the Japanese Yen, given the 176 point rally in the Dow..
Tue, 15 Jan 2008 16:40:45 MST
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Written by Moshe Shalom
Many times traders like to know WHY a pair is moving the way it moves. When you have a pair that represents a ratio between two major currencies, like in this case the Euro and the Yen, there is, at times, a tug of war between the conflicting influences.
Mon, 03 Dec 2007 05:12:21 MST
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Written by DailyFX Research Team
Existing Home Sales, Durable Goods, Personal Income and Spending and Consumer Confidence numbers all missed their mark this week, but despite the dour economic news and the gloomy sentiment around the dollar, the greenback managed to gain 130bp on the euro and given the price action on Friday now looks more likely to reach 1.4500 rather than 1.5000.
Mon, 19 Nov 2007 05:38:30 MST
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Written by DailyFX Research Team
Was it a pause that refreshes or a sign of an intermediate term top? Dollars bulls and bears battled each other to a standstill as the pair tried but failed to make a new record high. On the other hand any attempts to take it lower were met with steadfast bids.
Mon, 12 Nov 2007 19:22:04 MST
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Written by Moshe Shalom
As you can see in the attached daily chart, the USDJPY is not consistently correlative to the USD Index. In the orange boxes labeled 1, 2 and 3, you can the see the USDJPY rising while the US index stays in a trading range or is going down.
Mon, 05 Nov 2007 05:22:04 MST
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Written by Daily FX
The EURUSD finally took out the 1.4500 figure, but US economic data was far more dollar friendly this week than at anytime in the past month and as we noted on Friday, “We continue to believe that the EURUSD is near the end of its current rally and while it may make another run at the 1.45 figure, any additional gains going forward are likely to be small and slow.”
Mon, 29 Oct 2007 06:40:05 MDT
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Written by DailyFX Research Team
“For the time being,“ we noted in our Friday commentary, “the market views US monetary policy as highly accommodative and ECB policy as neutral at worst. In short US rates will continue to decline while EZ rates will remain steady. As long as that dynamic persists, aided by supportive equity markets the EURUSD should continue its inexorable march towards 1.4500”
Mon, 15 Oct 2007 07:06:13 MDT
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Written by DailyFX Research Team
The week ended nearly where it began as the greenback settled only 50 points from last Friday’s close. In between however, the pair saw a fair amount of action as the EURUSD dropped to within a few points of the critical 1.4000 level before rebounding hard. As we noted at the time, “The unit continues to attract late buyers who missed the initial rally to 1.4200 and now perceive the 1.4000 figure as a bargain.“
