Recent BrewerFX's Commentaries
Aussie Dollar Set-up to Tumble after...
The U.S. Dollar strengthened this morning after touching a five-month low against the Euro. The subsequent break in the EUR USD put this pair in a position to form a bearish closing price reversal top, but a late session surge negated the pattern. Even without the reversal top which would indica...
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Tags: forex | aud | usd
Aussie Dollar Set-up to Tumble after...
September 30, 2010 The U.S. Dollar strengthened this morning after touching a five-month low against the Euro. The subsequent break in the EUR USD put this pair in a position to form a bearish closing price reversal top, but a late session surge negated the pattern. Even without the reversal top ...
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Tags: uncategorized
U.S. Dollar under Pressure as Fed Considers...
The U.S. Dollar was under pressure all day on Wednesday as the Federal Reserve considers additional monetary policy easing amidst growing concerns that the economic recovery is poised to derail. The Euro surged to the upside again overnight as investors shrugged off sovereign debt concerns in Ir...
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Tags: forex | usd | euro
U.S. Dollar under Pressure as Fed Considers...
September 29, 2010 The U.S. Dollar was under pressure all day on Wednesday as the Federal Reserve considers additional monetary policy easing amidst growing concerns that the economic recovery is poised to derail. The Euro surged to the upside again overnight as investors shrugged off sovereign d...
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Tags: uncategorized
Weak Economic Reports Trigger Surge in Euro
Weaker than expected U.S. economic reports triggered a surge in the EUR USD, taking out Monday’s closing price reversal top and a major 50% retracement level at 1.3510.The news that the U.S. economy weakened overshadowed concerns about sovereign debt issues in Spain and Ireland. This remains the...
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Tags: forex | usd | euro
Weak Economic Reports Trigger Surge in Euro
September 28, 2010 Weaker than expected U.S. economic reports triggered a surge in the EUR USD, taking out Monday’s closing price reversal top and a major 50% retracement level at 1.3510. The news that the U.S. economy weakened overshadowed concerns about sovereign debt issues in Spain and Irelan...
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Tags: uncategorized
Euro Posts Reversal Top after Irish Bank...
The EUR USD posted a closing price reversal top on Monday after Moody’s Investors Service said it cut Anglo Irish Bank’s unguaranteed senior debt to Baa3 from A3, and cut its dated subordinated debt to Caa1 from Ba1.The chart pattern suggests a possible top, but the pace of the break from the top...
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Tags: forex | usd | euro
Euro Posts Reversal Top after Irish Bank...
September 27, 2010 The EUR USD posted a closing price reversal top on Monday after Moody’s Investors Service said it cut Anglo Irish Bank’s unguaranteed senior debt to Baa3 from A3, and cut its dated subordinated debt to Caa1 from Ba1. The chart pattern suggests a possible top, but the pace of th...
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Tags: uncategorized
U.S. Dollar Crushed Last Week after Fed...
The U.S. Dollar finished sharply lower last week after the Fed strongly hinted that it would provide more aid to prevent the economy from derailing. Foreign currency investors reacted as if the Fed had given them the green light to sell the Dollar, delivering a crushing blow to the greenback aga...
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Tags: forex | usd | yen
U.S. Dollar Crushed Last Week after Fed...
September 26, 2010 The U.S. Dollar finished sharply lower last week after the Fed strongly hinted that it would provide more aid to prevent the economy from derailing. Foreign currency investors reacted as if the Fed had given them the green light to sell the Dollar, delivering a crushing blow to...
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Tags: uncategorized
Dollar-Yen Remains Balanced at 50 Percent;...
The Dollar/Yen remains balanced at the mid-point of the 82.88 to 85.93 range at 84.40. In addition, a Gann angle at 84.38 is providing additional support, making 84.40 to 84.38 an important support cluster. Clearly this area is controlling the short-term direction of the market at this time.The...
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Tags: forex | usd | yen
Dollar/Yen Remains Balanced at 50%; Shorts...
September 23, 2010 The Dollar/Yen remains balanced at the mid-point of the 82.88 to 85.93 range at 84.40. In addition, a Gann angle at 84.38 is providing additional support, making 84.40 to 84.38 an important support cluster. Clearly this area is controlling the short-term direction of the marke...
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Tags: uncategorized
Aussie Dollar Showing Signs of Topping
After hovering on both sides of an uptrending Gann angle at .9570 on Wednesday, the Aussie Dollar finally succumbed to selling pressure, triggering a break from its high and putting it in a position to form a daily closing price reversal top. A late session comeback, however, helped the Aussie ...
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Tags: forex | aud | usd
Aussie Dollar Showing Signs of Topping
September 22, 2010 After hovering on both sides of an uptrending Gann angle at .9570 on Wednesday, the Aussie Dollar finally succumbed to selling pressure, triggering a break from its high and putting it in a position to form a daily closing price reversal top. A late session comeback, however, ...
Read More »
Tags: uncategorized
Fed Decision Crushes U.S. Dollar
The U.S. Dollar fell sharply lower versus the Euro and the Japanese Yen Tuesday afternoon after the Federal Open Market Committee hinted that it stood ready to provide stimuli for the U.S. economy. The suggestion of additional quantitative easing conjured up images of the Fed firing up the Treas...
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Tags: forex | usd | euro
