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Forex Commentaries

Showing Posts 1 - 8 out of 8 found.

A Options Play On The Loonie

A Options Play On The Loonie

The Canadian dollar is often viewed as a commodity currency. The term refers to the view that a country’s currency is tied heavily to the commodities and natural resources it produces and exports. In the case of Canada, the Loonie (as the Canadian Dollar is often referred to) often trends with crude oil. Since the beginning of the year, the Loonie has traded from just shy of 86.00 to a low...

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A Metaphor, The Market, and A Positive Shift

A Metaphor, The Market, and A Positive Shift

“Epiphany.” I love the word. It has a nice ring to it, a pleasant sound when heard or played in my head. Interestingly, it is Greek in origin, and with what is going on with Greece right now, well, that is not so pleasant. Anyway, the longer I live, the more I come to understand that life is rich with epiphany. In fact (you guessed it), I had one this morning. Oh, nothing of a magnitude,...

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A Bearish Play On The April Loonie

A Bearish Play On The April Loonie

The volatility in the crude-oil market over the last few months makes many people hesitant to participate. The wild swings in short time frames can test any trader’s will power to stay with their position. Buying options can define risk, but the rewards don’t come as quickly all the time. The Canadian Dollar is often viewed as a commodity currency. What that means is that movements in the...

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Get Your Money Into Europe

Get Your Money Into Europe

Okay, so the market volatility continues, in a big way. Perhaps it is the ECB actions that are driving the market. Actually, the ECB is driving the market. This is big news out of Europe. The expectation is that the QE there will do for Europe what it did for the US. As we all know by now, the central bank announced a Quantitative Easing program to the tune of €60b per month, beating the...

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The Canadian Dollar, A Bearish Play

The Canadian Dollar, A Bearish Play

Another week of currencies at play … Last week, it was the Swiss National Bank giving the markets a kick. This week, rumors about ECB action and Super Mario’s words have everyone’s attention. Thursday morning, the ECB gave us two pieces of information. They will leave the interest rate unchanged, and they will begin a QE (quantitative easing) program similar to what just finished up in the...

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US DOLLAR INDEX – HIGHEST READINGS IN A DECADE

US DOLLAR INDEX – HIGHEST READINGS IN A DECADE

The US Dollar Index has been steadily and persistently rising for over 6 months.  The index has reached 92.53, a level that marked the highs of 2004 and 2005. With the index at this level, be alert for signs of resistance.  At this time however, there has been no indication that the rally is losing steam.  If the index pulls back, the nearby levels of support are 89.71 and 87.80.  Remaining...

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The USD Index – A Speculative Bull Trap?

The USD Index – A Speculative Bull Trap?

This week, the U.S. Dollar Index has provided us with the official sell signal we’ve been waiting for.  Therefore, this week’s piece is simply an update to last week’s article, “The USD Index – A Small Washout Coming?” Based on the internal action of last week’s market, I think a “small washout” may be understating things. Commercial traders were heavy sellers in the US Dollar Index last...

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The USD Index – A Small Washout Coming?

The USD Index – A Small Washout Coming?

The U.S. dollar, one of the strongest markets in 2014 and 2015, looks like it will keep the momentum rolling, or will it? Clearly, the market is off to a great start and macro economically speaking, there probably isn’t much that is going to change this in the near future. My concern with the U.S. dollar, at this point in time, concerns the rapid pace of the rally and the deteriorating...

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