OK. First one of these, please be kind. I need to start somewhere. Fridays NFP report highlighted that our recovery with be long and bumpy. European unemployment has also just hit 10%, its highest since 1998. Having said that, I...
Read MoreOK. I am going to take a little time to update people on the site. I have made a couple of decisions. With Dave/Mod gone now and any chances of him returning extremely slim. I have decided to take some time out each day to write...
Read MoreDuring last week’s trading we all saw what kind of impact the earnings reports and the moves on the S&P and Dow Jones had on the currency, commodity, and bond markets… for the week ahead I expect to see the same...
Read MoreThe return of euphoria:Good earnings, hot consumer price inflation, and a textbook short-squeeze scenario skyrocketed the S&P 500, Dow, crude oil, and gold while sending the US dollar Index sliding below its support,...
Read MoreToday’s update will be a little different, instead of the normal stuff we’re going to solely focus on trading, price action, and price action patterns. Trading repeated price action patterns: The topic of price...
Read MoreECB and Trichet hawkish, sends euro soaring: For all the hype and speculation about what the ECB could do in regards to their ‘non-standard measures’, Trichet and the ECB revealed a program that is not even remotely...
Read MoreEuro falls on German bank downgrades: Just after 0928 EST this morning Standard and Poors cut the ratings on five German banks to negative and within minutes the EUR/USD came lower from the 1.3368 level down to the 1.3271 key...
Read MoreECB sends euro lower: Just after 0930 EST this morning strong rhetoric out of the ECB sent the euro slicing below the the 1.3400 level. This time the euro can thank ECB Nowotny for this comment: “Deflation bigger risk than...
Read MoreWall St. extends rally: Between upside surprises with Pending Home Sales and Construction Spending, a further breakdown of the USD Index, and rising spot crude, both the S&P 500 and Dow couldn’t do anything but...
Read MoreTypically on Sunday’s I do a weekly market outlook, but there’s so much happening this week in Forex, equities, commodities, Treasuries, and on the geo-political front, I don’t have the time and space to fit...
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