Sign inRecent Commentaries tagged (currencies)
Building a nice bear flag on the EURUSD
Building a nice bear flag on the EURUSD - look for sellers at the 1.3806 (.500 fibo) and at the 1.3858 area- Consolidating so be careful
Dow Closes Under 10,000 For First Time Since November 2009
Global equity markets are up sharply after reports that the Greek sovereign debt problems will be resolved shortly. Stock investors are driving up indices as confidence is being restored to the markets. Bargain hunters are also stepping in to take advantage of lower priced equities.Last night,...
EUR USD Unlikely to Reverse Downtrend Until Sovereign Debt Issues Are Resolved
The EUR USD traded all over the intraday charts while experiencing a choppy two-sided trade throughout today’s session. Volatility and indecision could be the theme this week as traders are unlikely to make up their minds about reversing this market to the upside until a resolution is reached...
EUR USD Unlikely to Reverse Downtrend Until Sovereign Debt Issues Are Resolved
The EUR USD traded all over the intraday charts while experiencing a choppy two-sided trade throughout today’s session. Volatility and indecision could be the theme this week as traders are unlikely to make up their minds about reversing this market to the upside until a resolution is reached...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, February 9--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher U.S. stock index futures prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * This week's rebound in most of the...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, February 9--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher U.S. stock index futures prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * This week's rebound in most of the...
The Trend Trader For Futures Trading on Tuesday, February 9, 2010
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling...
The Trend Trader For Forex Trading on Tuesday, February 9, 2010
The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness....
Gold Market Overreacts to Downside Last Week
An easing of investor risk sentiment is helping to support equity price overnight. Early in the trading session, stock markets followed through to the upside following Friday’s strong finish and talk of a possible resolution of the fiscal problems plaguing the Euro Region. Appetite for risk...
Pressure Likely to Remain on EUR USD
The trading week ended with traders still fearing a widening and deepening debt situation in the Euro Region. Optimistic traders are looking for some solution to be reached by either a “pseudo-bailout” by the European Central Bank or European Union. Legally, the ECB or EU cannot offer an...
The Trend Trader For Futures Trading on Monday, February 8, 2010
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling...
The Trend Trader For Forex Trading on Monday, February 8, 2010
The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness....
Beware of potential bounce on the GBPUSD
Hitting the extension on the 240 chart at 1.5600 - Good day to go flat with NFP over. MINIMIZE your risk
Fear Escalates on Talk That Sovereign Debt Woes in Euro Region May Escalate
Today’s U.S. Non-Farm Payrolls Report appears to be taking a backseat to the fear that sovereign debt woes in the Euro Region will escalate. Traders continue to monitor the financial difficulties in Greece while keeping one eye on the key U.S. jobs report. This morning’s report is expected to...
Risk Aversion Returns Sending U.S. Dollar Higher
Investors sold higher risk commodities and stocks and bought lower yielding assets on concerns that the sovereign debt issues in Greece will spread to other economies in the Euro Region. The Dollar finished sharply higher versus most major currencies except the Yen. Investor concerns about the...
