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Showing Posts 16 - 22 out of 22 found.

Euro Futures Should Decline for Several Months

Euro Futures Should Decline for Several Months

We chart the U.S. Dollar Index because it gives insights about turning points in other paired currencies as well as commodities. The expected rally that we described for the Dollar in our post two weeks ago implies a symmetrical decline in the currency that has the strongest inverse relationship to the Dollar – the Euro. Our long-term Elliott wave chart for Euro futures (EUR/USD) shows how...

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Global Economies And Market Sentiment

Global Economies And Market Sentiment

One of the more unique dynamics is the relationship between economic indicators and market sentiment with respect to directional bias.  Remarkably the bias tends to change with respect to economic news and central bank posturing.  An important measure is the relationship between the US dollar and its value compared to other currencies. Market participants witnessed increased strength in the...

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Too Old to Start Investing and Trading?

Too Old to Start Investing and Trading?

One of my readers, in his sixties, recently sent me this question.  To avoid causing any embarrassment, I will refer to my reader simply as “Bob”. Bob had seen one of my posts on Trader Planet “Trade Your Way to Financial Freedom”, and he had felt very relieved as a result of the fact that the post had led him to think in a way that no one had ever fostered in him before, with regard to...

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Buy The Yen: A Short Term Safe Haven Play

Buy The Yen: A Short Term Safe Haven Play

In late 2012 Japan launched a huge QE program which was the catalyst for a weakening move in the yen. $/yen went from 75 all the way to nearly 126 by June of 2015.  However, since then, even after the Bank of Japan recently (end of January) instituted negative rates, the yen has actually strengthened, and was trading late Tuesday at 112.56. One of the lessons I learned early on is this: If...

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Commercial Traders Are Buying The Dollar: Are You Missing Out?

Commercial Traders Are Buying The Dollar: Are You Missing Out?

The US Dollar Index has been trading sideways for nearly a year. We believe that the broad consolidation pattern is signaling a move higher and the consistent actions of the commercial trader group reinforce this notion. This makes the recent pullback a solid buying opportunity for a trend that could really get moving depending on the outcome of the FOMC meeting on the 16th. We’ll examine...

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US Dollar Index: Ready To Rally

US Dollar Index: Ready To Rally

In our last post about the U.S. Dollar in early January, we showed how the Dollar Index (DX) should decline into support areas before it attempts to climb in a fifth wave. As of now, the structure of the decline appears complete. After the Dollar's steady climb in 2014, much of 2015 was spent in a complex corrective fourth wave. On the chart below, you can see how wave (iv) took the form of...

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10 Ways To Boost Your Trading Confidence Now

10 Ways To Boost Your Trading Confidence Now

You are not alone, as I get asked this all the time and I too suffered from this lack of confidence when I first began.  Lack of confidence is one of the most common problems people have when starting out. Why is this the case? It’s because none of us enjoy losing, and we all hate the feeling of realizing one’s made a “mistake”.  Avoiding mistakes and loss has been drilled into our minds...

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