TraderPlanet.com :: IntegrityFX's Commentaries

Bloomberg: U.S. Economy: Private Payrolls Grew Less Than Forecast in June

IntegrityFX, TraderPlanet.com — Fri, 02 Jul 2010 18:02:01 +0000

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 the day. Private employers added fewer workers to payrolls in June than forecast, reinforcing concerns the recovery will weaken as Americans curtail spending.Employment at companies rose 83,000, less ...Read More at TraderPlanet.com »

Bloomberg: Bernanke Says Fed to Take Necessary Steps on Growth

IntegrityFX, TraderPlanet.com — Wed, 09 Jun 2010 18:02:29 +0000

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 — Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank will act as needed to aid financial stability [...]Read More at TraderPlanet.com »

Bloomberg: U.S. Stocks Tumble on Concern China May Reduce Euro Investments

IntegrityFX, TraderPlanet.com — Wed, 26 May 2010 21:40:58 +0000

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 — U.S. stocks fell as reports China may consider reducing investments in European government bonds spurred concern the [...]Read More at TraderPlanet.com »

Fact vs Fiction On Today’s Economy

IntegrityFX, TraderPlanet.com — Fri, 21 May 2010 19:27:53 +0000

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 recovering, it is hard to argue with Galland on some key points: From CaseyResearch.com:In this fiscal year, the U.S. government will run its second trillion-dollar-plus deficit…… deficits [...]Read More at TraderPlanet.com »

Time to Short the Bund?

IntegrityFX, TraderPlanet.com — Wed, 19 May 2010 20:28:42 +0000

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, the yield is not exactly attractive, and the Bundesbank is one of the central banks that has been diluting its balance sheet in last [...]Read More at TraderPlanet.com »

BBC: Greece receives first tranche of EU bail-out loan

IntegrityFX, TraderPlanet.com — Tue, 18 May 2010 21:16:45 +0000

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 underestimate trends in the Forex market. Look to sell the EUR on rallies. EURUSD and EURJPY are likely to be the big movers [...]Read More at TraderPlanet.com »

Do Trading Strategies Work?

IntegrityFX, TraderPlanet.com — Fri, 14 May 2010 02:13:29 +0000

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 market to come to a standstill due to a lack of buyers or sellers.In the short run, however they do [...]Read More at TraderPlanet.com »

Mises.org: A Greek Tragedy in the Making

IntegrityFX, TraderPlanet.com — Thu, 13 May 2010 17:49:11 +0000

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 contrary to this, judging by the response of global stock markets, one would get the impression that happy times are around the corner. However, those of us who understand Austrian [...]Read More at TraderPlanet.com »

Peter Schiff: Bailout American Style

IntegrityFX, TraderPlanet.com — Wed, 12 May 2010 18:45:26 +0000

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 term, it is a long term problem that will weaken their respective economies and currencies.With so many central banks engaging in bailouts and resorting to inflating the money [...]Read More at TraderPlanet.com »

Where is the Bottom in AUDUSD?

IntegrityFX, TraderPlanet.com — Fri, 07 May 2010 02:08:18 +0000

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 trend of a falling AUDUSD will continue into tomorrow.As far as tomorrow’s unemployment rate goes, Yohay Elam [...]Read More at TraderPlanet.com »

Reuters: Indexes down 3 percent after plunging

IntegrityFX, TraderPlanet.com — Thu, 06 May 2010 19:44:49 +0000

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 again over the 1,200 mark.In moments of risk aversion, look to buy the USD or JPY against higher yielding pairs. [...]Read More at TraderPlanet.com »

IntegrityFX Weekly Economic Outlook

IntegrityFX, TraderPlanet.com — Thu, 29 Apr 2010 23:23:04 +0000

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 falling into risk aversion and it will have little reason to change course unless we get some new information.Monday [...]Read More at TraderPlanet.com »

Is AUDUSD Set for a Long Term Drop?

IntegrityFX, TraderPlanet.com — Thu, 29 Apr 2010 20:34:51 +0000

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 movement out of the Fed will likely contain the pair to this range.The return to the bottom of the range around 0.8600 will [...]Read More at TraderPlanet.com »

Bloomberg: Obama Fed Picks to Help Bernanke Manage Stimulus End

IntegrityFX, TraderPlanet.com — Thu, 29 Apr 2010 18:03:32 +0000

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, increasing the likelihood of rates staying low for a long time,” said former Atlanta Fed research director Robert Eisenbeis, now chief monetary economist at Cumberland Advisors Inc. in [...]Read More at TraderPlanet.com »

How Will the FOMC Statement Affect Your Trading ?

IntegrityFX, TraderPlanet.com — Tue, 27 Apr 2010 23:24:34 +0000

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 over a year. Even after today’s strong showing in the consumer confidence numbers, now at their highest levels in over [...]Read More at TraderPlanet.com »