Sign inRecent Commentaries tagged (forex)
U.S. Economic Data Fuels Surge in Euro, Commodity-Linked Currencies
The Euro surged to the upside overnight, taking out the last swing top at 1.2779 and changing the main trend to up on the daily chart. Based on the range of 1.3334 to 1.2587, the EUR USD is now set up for a possible test of the retracement zone of this range at 1.2960 to 1.3049. A downtrending G...
Fears That The Non-Manufacturing Sectors Will Drag The Economy Down
EUR/USD The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support. The US ADP employment report was weaker tha...
The ETF Report, Sept. 2
DAILY REPORT – THE E.T.F.REPORT date Thurs., Sept. 2 ****Remember Charles Martel**** The rally yesterday was, in our mind, a short covering rally in a bear market. Most of our short index or inverse position were stopped out with a small profit or loss. We will be lookin...
Choppiness Abounds
The Dow still sits under the 11,397 Attractor, just chopping around sideways. This is not a good time to be trading this market. I still think the Dow will rise to the occasion and make its way on up to the Attractor. But, it needs to show its hand by breaking out to the upside through the resist...
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...
Euro's Strong Finish Indicates More Upside Likely
The strong rallies in the Euro and the three major risk-linked currencies finished sharply higher and near their highs while showing no signs of a letup into the close. Whether it was short-covering or fresh buying, investors celebrated good global economic news by driving the U.S. Dollar lower a...
U.S. Economic Data Fuels Surge in Euro, Commodity-Linked Currencies
The Dollar declined against the Euro and commodity-linked currencies after U.S. manufacturing activity showed a surprise improvement last month. This news came unexpectedly and indicated that despite calls for a double-dip recession, there were identifiable areas of strength in the economy. Toda...
Syndicated Content
Coping with Volatile Forex Events We are adding a series of posts on Forex for the next few weeks because about 30% of the owners of the Futures Trading Secrets Course trade Forex. These posts are timely, so be sure to subscribe now. This week is festooned with important global economic data re...
Euro Falls after U.S. Consumer Confidence Surprise
Thin trading conditions and economic reports led to a “roller-coaster” type trading session in the Euro on Tuesday. The European single currency rallied on a better than expected German jobs report, topped on strong U.S. Consumer Confidence data then, after trading sideways throughout the mid-se...
Persistent Concerns Over Structural Vulnerabilities
EUR/USD The Euro found support below 1.2650 against the dollar during Tuesday and rallied to highs just below 1.2750 during the US session. The Euro was unable to sustain the advance and re-tested support levels near 1.2650 during Wednesday. The Euro-zone data was broadly in line with expectation...
Euro Changes Trend to Up; Set-up for Rally to 1.2960
The Euro surged to the upside overnight, taking out the last swing top at 1.2779 and changing the main trend to up on the daily chart. Based on the range of 1.3334 to 1.2587, the EUR USD is now set up for a possible test of the retracement zone of this range at 1.2960 to 1.3049. A downtrending Ga...
Economic Growth Drives Aussie Dollar into Retracement Level
The Australian Dollar is up close to 1.70% this morning after the Australian Bureau of Statistics said gross domestic product rose 1.2% on a seasonally adjusted basis in the second quarter ending in June. Economists had been looking for a growth rate of 0.9%. This robust showing in the economy s...
Economic Data Creates Interesting Euro Session
Thin trading conditions and economic reports led to a “roller-coaster” type trading session in the Euro on Tuesday. The European single currency rallied on a better than expected German jobs report, topped on strong U.S. Consumer Confidence data then, after trading sideways throughout the mid-ses...
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...
Euro Set Up for Volatile Move
This morning the Euro held the swing bottom at 1.2587 after Germany reported better than expected jobs data. Upside momentum will have to strengthen to take out the swing top at 1.2779 to turn the main trend up on the daily chart. Look for intraday updates on my Facebook page, The Forex Pattern, ...
