Tue, 12 Feb 2008 14:42:49 MST
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Written by Moshe Shalom
It is a good time as any to look at the EURUSD. Actually, it seems that it is a better one than ever because we are approaching fulcrum levels in the pair. The task of the trader is to know how to spot the opportunity with a small risk but with a big potential reward.
Wed, 06 Feb 2008 05:05:58 MST
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Written by Moshe Shalom
The AUD/USD weekly chart that we have in front of us is showing a pair in an up trend. The problem is that we are starting to see divergences and signs of weakness.
Fri, 01 Feb 2008 04:07:47 MST
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Written by Moshe Shalom
This pair is in the process of correcting the tremendous excesses in the price action that occurred at the end of last year. After the breakup of the contracting triangle consolidation (monthly 1) and its test from above, the pair has been propelled up like a rocket.
Wed, 30 Jan 2008 18:57:51 MST
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Written by Kathy Lien
The Federal Reserve wants to be ahead of the curve. They no longer want to be criticized for doing too little, too late and for that reason, they cut interest rates by 50bp today to 3.00 percent.
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..
Fri, 25 Jan 2008 05:17:41 MST
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Written by Moshe Shalom
One of the big questions for every trader is "Is this the bottom?" First, we must admit that this endeavor is one of the riskiest in the business. Falling knifes and sometimes falling refrigerators are, by definition, things that you do not want to catch when they fall.
Mon, 21 Jan 2008 13:17:06 MST
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Written by Moshe Shalom
Despite the fact that we really believe that the USDJPY will rebound from here in the very short term (from 106 to maybe 110), we found necessary to remind our readers about the long term view in this pair.
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.
Tue, 15 Jan 2008 05:12:23 MST
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Written by DailyFX Research Team
The British Pound saw an incredible reversal to end the year's trade, as one of the darlings of global currency markets quickly turned into a primary victim of subprime-linked financial market duress. Indeed, the GBP initially scaled 26-year heights at $2.1160 before plummeting to its lowest in four months to end the year's trading.
Sat, 12 Jan 2008 15:44:36 MST
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Written by Moshe Shalom
The bullish move from 2005 up to the top of 250 in mid-2007 has been swiftly corrected by an ABC move. The C wave of the corrective combination has arrived at the 61.8% Fibonacci retracement, where most of the corrections end.
Fri, 11 Jan 2008 04:47:24 MST
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Written by Kathy Lien
The US dollar got killed as today’s comments from Federal Reserve President Ben Bernanke send expectations for a 50bp rate cut at the end of the month skyrocketing.
Tue, 08 Jan 2008 12:21:30 MST
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Written by Moshe Shalom
This weekly picture of the current situation in the EURUSD pair seems to be more clear than usual if we look a bit backward in its immediate history. A nice impulsive move, from the 1.34 price area (August 2007) up to the climax of an extended wave 5 at the 1.50 price area (November 2007), gave no doubt about the weakness of the US Dollar.
Mon, 07 Jan 2008 19:24:55 MST
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Written by Daily FX
Selling US dollars was one of the best trades of 2007. Since the beginning of the year, the dollar has fallen as much as 13 percent against the Euro, 10 percent against the Japanese Yen and 8.5 percent against the British pound.
Fri, 28 Dec 2007 05:44:58 MST
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Written by Moshe Shalom
There is a need to look at both the pictures in the same time to better understand what is happening in this pair. From the break up over the triangle upper boundary, in mid 2007 (1), the pair is going up in a straight line in the monthly chart.
Sat, 22 Dec 2007 08:02:20 MST
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Written by Kathy Lien
Selling US dollars was one of the best trades of 2007. Since the beginning of the year, the dollar has fallen as much as 13 percent against the Euro, 10 percent against the Japanese Yen and 8.5 percent against the British pound. The story of the dollar’s weakness also captured headlines around the world.
