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The Trend Trader For Forex Trading on Monday, March 22, 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....
IntegrityFX Weekly Economic Calendar Outlook
This past week brought us some good information in the shape of the FOMC statement. The Fed gave a slightly upgraded outlook on the economy, and more or less stated that raising the Fed Funds rate would be the last step in their tightening cycle. It looks like we will not be losing these...
Greece Bailout Worries Fuel Euro Sell-Off
The U.S. Dollar finished higher versus most major currencies with the exception of the New Zealand Dollar. Fear that Greek fiscal problems may flare up once again sent investors scurrying out of the Euro and into relatively safer currencies. Nervous investors removed risk from the equation...
Canadian dollar in purgatory
IB FX Brief Canadian dollar in purgatory Friday March 19, 2010 A jump in the core inflation rate in Canada has dealers left wondering how much longer the Bank of Canada will be able to maintain its conditional commitment to a near-zero interest rate policy. February data...
Renewed fears over the Greek government debt situation
EUR/USD There were renewed fears over the Greek government debt situation on Thursday with reports that the government would look for IMF support while there was further evidence of German opposition to financial support. The Euro initially dropped to around 1.3670 against the dollar as the...
The Trend Trader For Forex Trading on Friday, March 19, 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....
AUDNZD: Topped Out or Just Taking a Breather?
There is little doubt that from a fundamental perspective the Australian dollar is much stronger than its New Zealand counterpart. For the last two weeks however AUD has been losing ground to NZD, but AUDNZD has begun to bounce off of former resistance at 1.2850. Will the pair begin to trekking...
How to Stop Guessing in the Forex Market
Have you ever wondered why it is so difficult for most people to be profitable in the Forex market? Surely it must be as easy to make money as it is to lose it, if you can be consistently wrong then all you have to do is the opposite and you will be consistently right. The problem: being...
Ford Motor Company (NYSE:F) Signals Possible Top With Candle Formation. (NYSE:TM)
Ford Motor Company (NYSE:F) is forming what could be a tell tale sign of a top on the daily chart. The candle formation is known as a possible topping tail. A topping tail occurs when a stock runs up intra day early and then pulls back later in the day. It creates a long tail on the top and a...
Time to regroup
IB FX Brief Time to regroup Thursday March 18, 2010 Wednesday’s forex activity was notable for two things: The dollar weakened as risk appetite accelerated sending riskier asset classes and currencies to multi-month peaks. The euro failed to join the party closing down on the day. It should,...
U.S. Stock Indices Trade Flat Overnight
U.S. stock indices are trading flat overnight. Traders have largely ignored the weakness in the Euro over Greece concerns. This may mean that today’s menu of U.S. economic reports will have a bigger influence on stock prices. The first report is Weekly Initial Claims. Traders will want to see...
Euro Weakens on Bearish Bailout Comments
The U.S. Dollar finished down against most major currencies. From the start it was under pressure as trader demand for risk pressured lower yielding currencies. The early morning weakness in the Dollar helped to drive up demand for high risk equities and commodities. Tuesday’s move by the Fed...
Dollar Dipped to a Six-Week Low on a Trade-Weighed Basis
EUR/USD The dollar was generally weaker during Wednesday and dipped to a six-week low on a trade-weighed basis. The Euro also pushed to a high above 1.38 against the dollar in early Europe, but was unable to sustain the gains and drifted weaker during the day. German government spokesman Wilhelm...
USD/JPY
Forexpros Daily Analysis March 18, 2010Fundamental Analysis: Core Retail SalesCanadian traders await the publication of the Core Retail Sales.The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in Canada,...
