Sign inRecent Commentaries tagged (currencies)
Jim Wyckoff's Morning Blog--Thursday
Thursday, September 2-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Gold prices have been trending higher for the past six weeks and set a fresh two-month high on Wednesday. It's my bias that in the coming weeks gold futures prices will establish a new all-time record high. The ...
Trading ETF Currency Pairs
Yesterday’s Wall Street Journal reported foreign-exchange currency trading volume at over US $4.0 billion per day. [See "Currency Trading Soars"] While the ETF currency tracking indices have neither as much volume nor narrow spreads, they do make for convenient means of testing various currency ...
The Trend Trader For Futures Trading on Thursday, September 2, 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 weakness....
The Trend Trader For Forex Trading on Thursday, September 2, 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. B...
$AUDUSD Breakout
We did break out of the channel to the upside during the night and are currently above the .618 fibo. Topside is held right now by the strong resistance at 0.9064. and the top of the channel. Expect a small pullback to square up and then a continuation to the 0.9127 and 0.9149 targets. Downsi...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, September 1-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * The first trading day of the month today finds investor risk appetite increasing, as stock and commodity markets are posting good gains, while the U.S. Treasury bonds and notes are seeing weaker prices. With so...
The Trend Trader For Futures Trading on Wednesday, September 1, 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 weakness....
The Trend Trader For Forex Trading on Wednesday, September 1, 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. B...
Queasing over Quantitative Easing, Part IV
In my last post on this topic, I went over the orthodox and unorthodox monetary policy responses to the crisis in the US. Here were the orthodox options: Lower the Fed funds rate into lower positive territory. Offer language that says that the Fed Funds rate will be low for a long time. Buy more...
$AUDUSD
We are consolidating inside a channel and the failure to take out the .618 Fibo is bearish for the cross. The cross is sitting on strong support @ 0.8861 (R2). Will expect a run back to the bottom of the channel at 0.8772. A break north should produce a move back to the .500 fibo at 0.9008.
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, August 31-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Today is the last trading day of the month, which does make today technically more significant. Monthly high or low closes in a market are very technically significant. Also, fund managers like to even up positions...
The Trend Trader For Futures Trading on Tuesday, August 31, 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 weakness...
The Trend Trader For Forex Trading on Tuesday, August 31, 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. ...
$GBPUSD wedge
We have consolidated inside a wedge which is bearish for the cross. The cross has tested the top 3 times but has not broken out so would expect a run back to the bottom of the wedge. Should it break out south look for 1.5463 and 1.5421 as the downside targets. A breakout north should produce a mo...
