Recent IntegrityFX's Commentaries
Bloomberg: U.S. Economy: Private Payrolls...
US Non-Farm Employment Change disappoints at -125,000, turning negative once again and worse than forecast. The Unemployment Rate improved to 9.5 percent due to a smaller labor force. The Forex market was not significantly moved by the news. US equities were flat on the open, but now negative for...
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Tags: joshua-habben
Bloomberg: Bernanke Says Fed to Take...
Bernanke is still fully committed to providing stimulus and bailouts, even internationally. The world has yet to learn that the cure for too much debt and spending is not more debt and spending. Look for this behavior to continue and drag on the value of the US dollar in the long term. June 9 (Bl...
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Tags: joshua-habben
Bloomberg: U.S. Stocks Tumble on Concern...
EURUSD has reached a new weekly low, slightly surpassing yesterday’s low of 1.2176. The next short term support level is the low from May 19, at 1.2142. Look to sell EURUSD on a break of support. Or for those who are more range traders, wait for a rally to sell EURUSD at a better price. May 26 (B...
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Tags: joshua-habben
Fact vs Fiction On Today’s Economy
Are we headed for a global fiat currency meltdown? That is what David Galland of The Casey Report argues in his latest post. While the article is notably tilted against the actions, recommendations, and claims made by the politicians and so called “experts” that have stated the economy is recover...
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Tags: john-rowa | currencies | david-galland | dollar | inflation | the-casey-report | usd
Time to Short the Bund?
Nic Lenoir from ICAP thinks nobody in Europe has any idea how to fix this growing problem–I concur. From ZeroHedge.com: As I have suggested a few days ago, there are not that many reasons to want to own German Bunds yielding 2.75%. The Euro currency is dropping faster than Britney Spears’ career,...
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Tags: john-rowa | bund | euro | europe | gernmany | nic-lenoir | zerohedge
BBC: Greece receives first tranche of EU...
The Greek bailout is now underway and the Euro is continuing to weaken. EURUSD is now at its lowest point since 2006. EURJPY’s low for this month marked its lowest point since 2001. Gold has also recently set all time highs priced in Euros. While much of the decline has already occurred, never un...
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Tags: joshua-habben
Do Trading Strategies Work?
I have long believed that it is a fundamental law of the markets that trading strategies do not work. At least not in the long run. This is based on that fact that if they did, then eventually everyone would use the winning strategy which would make everyone trade the same way and cause the marke...
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Tags: david-leal | forex | strategy
Mises.org: A Greek Tragedy in the Making
Excellent fundamental analysis of the financial troubles and bailouts in Europe. The recently approved eurozone bailout package, designed to buy more time for fiscally troubled nations such as Greece, Spain, and Portugal, is nothing short of a global Greek tragedy in the making. Of course, quite ...
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Tags: joshua-habben
Peter Schiff: Bailout American Style
Listen to Peter Schiff explain why the bailout in Greece is an American style bailout and what this means for the Euro and US dollar. YouTube.com – Peter Schiff: Bailout American Style These bailouts create moral hazard and malinvestment. While they may bolster demand and confidence in the short ...
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Tags: joshua-habben
Where is the Bottom in AUDUSD?
Last week I wrote that I expected a large drop in AUDUSD if the RBA signaled that they would be holding rates steady. Well they did, and boy did we get a drop. The pair has fallen down to the 0.8800 level. The 0.8600 level still stands as a strong support level, and I believe that the week’s tren...
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Tags: david-leal | analysis | aud | forex | usd
Reuters: Indexes down 3 percent after plunging
The Forex market has made significant moves as well. Risk aversion has strengthened the USD and the JPY. EURUSD and GBPUSD hit new lows for 2010. GBPJPY, a very volatile pair, dropped over 1,000 pips today. Yet the USD is not the safe haven it once was, as gold soared against the USD. It is once ...
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Tags: joshua-habben
IntegrityFX Weekly Economic Outlook
Next week brings some very important news with it. On Tuesday we will see if the RBA will be hiking rates for the third consecutive time. There will be US unemployment data and a rate statement by the ECB. While the volume of data is not very high the importance of it is. The market is slowly fal...
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Tags: david-leal | aud | economic-calendar | eur | forex | fundamental | interest-rates | usd
Is AUDUSD Set for a Long Term Drop?
AUDUSD remains constrained by its lower highs, a trend that began this month. There is still support just above the 0.9100 level; however the price action suggests that this support will be broken. The pair has been trading in a large range over the last six months. The lack of interest rate move...
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Tags: david-leal | aud | forex | fundamental | strategy | trade | usd
Bloomberg: Obama Fed Picks to Help Bernanke...
The appointment of three Federal Reserve governors today is significant, but the impact will be minor since they fall in line with the current board of governors. Senate confirmation is still required for the appointees. “This will be a group of doves slanted toward job creation and growth, incre...
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Tags: joshua-habben
How Will the FOMC Statement Affect Your...
The market has given back any gains on risk aversion that it has gained this month. AUDUSD has broken through this month’s support line around 0.9160 and look to be heading down to at least 0.9060. EURUSD had been hit the hardest by the lack of interest in risk as the pair is almost unchanged ove...
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Tags: david-leal | interest-rate | usd
