Sign inRecent Commentaries tagged (currency-market-updates)
The Trend Trader For Forex Trading on Monday, March 15, 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 - Square up day
We have virtually hit all our targets shy just a few pips. Look for the Cross to square up ( south) back to 1.5100. May have one more run north to take out the 1.5193 target though so watch out.
Stocks Poised to Continue Rally; Demand for Risk Weakens Dollar
Retail Sales just came out bullish. Equity markets are soaring. Bonds are breaking. The Dollar is plunging. The market reads this report as good. The key will be to be able to separate the report from the trade. The question is will U.S. investors chase equity market higher or wait for a...
The Trend Trader For Forex Trading on Friday, March 12, 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....
U.S. Equity Markets Expected To Open Weaker This Morning
U.S. equity markets are expected to open weaker this morning but off their lows. Last night’s news that China’s inflation was higher than expected, fueled speculation of a rate hike which helped drive down demand for higher yielding assets. The lack of follow-though to the downside has...
Euro Building Support Base for Potential Upside Breakout
The U.S. Dollar was mixed in light trading at the close in an unusual day as the normal correlations between the Dollar, gold and equities at times were not working. The lack of major U.S. economic reports this week is still influencing the trade although this will change with Thursday’s Weekly...
The Trend Trader For Forex Trading on Thursday, March 11, 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....
AUDUSD targets to hit: 0.9220,0.9242
Should square up the past near the 0.9220 area with a target above at 0.9242
Stocks Continue to Rally Despite Drop in Volatility
U.S. equity markets are trading firm overnight after yesterday’s surge to the upside. Buying pressure dried up late in the session, but no damage was done to the uptrend. Volatility is falling which is making traders appear complacent. This could be both good and bad. On the good side, it could...
Dollar Finishes Higher Despite Strength in Equity Markets
The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The Dollar bent at times, but never broke.Firmer U.S. equity markets...
The Trend Trader For Forex Trading on Wednesday, March 10, 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....
Trader Confidence in Euro Building; Shorts Lighten Positions
The U.S. Dollar had a choppy, directionless day. The lack of event risk was likely the main reason for this as well as the easing of the Greek fiscal crisis. Trading could continue in a similar manner over the next few days because the first major report, Weekly Jobless Claims, is not due out...
The Trend Trader For Forex Trading on Tuesday, March 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....
June Crude Oil Continues to Climb
U.S. equity markets are expected to open better this morning due to a pick-up in demand for higher yielding assets. Investors are also feeling more confident in the long side following last Friday’s better than expected Non-Farm Payrolls Report. The lack of fresh major economic news until at...
