At 7:30pm we have the release of the Australian trade balance. The AUD/USD pair has continued to consolidate prior to the release. If the release is drastically lower than the forecasted value of 3.02 we should expect a movement...
Read MoreWith continued rumors out of Europe markets have recouped all of its overnight losses since Fridays close (11-07-11). The SPX 500 now sits about 3 points higher from Fridays close as of 10:00 am ET. Equities have had a tough...
Read MoreThe EUR/CHF had a large gap upward on the Sunday open and the rally has continued up to 1.2377 as of 10:30am ET. This pair may be a good alternative to trade due to the SNB setting the floor peg at 1.2000. We will have to see if...
Read MoreThe EUR/USD pair is most susceptible to rumors and has continued to decline off of the October highs. The 200, 100, and 50 Day Moving Averages have all been broken for the month of November. The next resistance point will be to...
Read Moreust a brief post going into the NFP data release in 70 minutes.EUR/USD has been in a very small range since yesterday afternoon; the coil is being wound up and getting ready to spring. I was thinking this morning that it has...
Read MoreEUR/GBP has turned from a investment pair into a trading pair. Ever since the financial world became unglued (late 2007? Summer 2008?) the pair has been much more volatile. There are many more short term opportunities to trade...
Read MoreEver since the US Fed’s FOMC statement on June 24, we have held a fundamental position that the USD would strengthen vs. EUR and GBP (expressed as lower EUR/USD & GBP/USD). The price action of those two pairs in the...
Read MoreWe have held a long-term bullish view on the USD since the Federal Reserve’s June 24 FOMC statement. Our view has been tested in the early days of July, but we remain convinced that EUR/USD and GBP/USD will fall.Our...
Read MoreWe have overlaid the below chart of daily price action in spot Gold with our favorite Bollinger Band (“BB”) settings. Within an overall trend of Gold moving higher, we have noted that recently any break through the...
Read MoreOur detailed commentary from last week both before and after the FOMC statement on Wednesday noted that we believe that the Fed’s comments would lead to USD strength in coming weeks. So far our theory has been tested as...
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