The U.S. Dollar traded sharply higher against most major foreign currencies before giving back some of the gains into the close. Friday’s bullishness for the Dollar was set off by an early morning report that showed...
Read MoreThe majority of the markets we measure continue to show divergence between their Daily and Weekly trends, which will frustrate position traders. Some of the more heavily traded pairs are also showing divergence between...
Read MoreEarly this morning news out of the Euro Zone sent the EUR USD higher. Euro Zone GDP was better than expected buoyed by surprise increases from Germany and France. This news spilled over to the other currencies as...
Read MoreAs we can see from the TrendMap below we have divergence between the trends on the Weekly and Daily charts on many of the currency pairs just ahead of today’s FOMC meeting. Keep in mind we can see shifts on the...
Read MoreAn early morning rally in U.S. equity markets sparked a strong surge in Forex markets on Wednesday but a late session break has many traders wondering if today’s rally was just short-covering.Today’s equity market...
Read MoreForex markets offered little clues as to what to expect from the FOMC tomorrow as trading was relatively light. The British Pound and Euro seemed to shut down as traders took time out ahead of tomorrow’s FOMC...
Read MoreWhen it comes to tutoring people to trade we inevitably face the hurdle of convincing the student she needs to start out identifying trend shifts on the higher time frames first – monthly and weekly — and gradually...
Read MoreThe U.S. Dollar posted gains against most major currencies on Monday in a continuation of the move which began on last Thursday and accelerated on Friday following a better-than-expected U.S. Non-Farm Payrolls Report. This...
Read MoreThe U.S. Dollar posted a strong reversal to the upside today following the release of a better than expected U.S. Non-Farm Payrolls Number. The report which showed a loss of jobs less than economists had estimated sent a...
Read MoreThe U.S. Dollar strengthened on Thursday ahead of Friday’s unemployment report. Some Forex markets weakened due to position evening while others softened because of central bank activity.The rally today in the Dollar did...
Read More
