Archive for July, 2007
« Previous Entries Next Entries »DailyFX Forex Radio – US Dollar Awaits GDP As Equities Tumble, Treasuries Rocket Higher
Thursday, July 26th, 2007· US markets sent reeling with the Dow, S&P down over 2% and Treasuries rocketing higher · How will Friday’s US GDP report impact the bond, forex, and equity markets? · Carry trades unravel on risk aversion – how will tonight’s Japanese CPI report fare? · Check out our new and improved Weekly Calendar! To [...]
EURCHF – The Sellers Win…For Now
Thursday, July 26th, 2007Resistance held with selling coming in overnight. Thankfully, my breakeven stop (noted in my previous post) was in place so no harm done. Interestingly, if the current selling doesn’t break definitively below the 1.6550 level (area of congestion/support) I believe there might be another chance to make a run to the upside for a potential [...]
Falling in love with a trade
Wednesday, July 25th, 2007It’s very easy to get stuck in a trade. Perhaps you worked on the analysis for a long time and everything seemed to be lining up so perfectly that it just had to be correct. Once that trade goes against you it can be hard to accept that and stay in the trade as it [...]
DailyFX Forex Radio: Dollar Posts Strongest Gain in Six Months, New Zealand’s Kiwi to Continue Post-RBNZ Drop
Wednesday, July 25th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM072507.mp3 Key Points · US Dollar Sees Strength, Durable Goods to Drive Further Gains? · Euro tumbles, Japanese Yen Rallies: Tale of two currencies · New Zealand Dollar falls on interest rate decision: is this the end? To discuss these or any other FX topics [...]
New!! Canadian Dollar Denominated Forex Accounts
Wednesday, July 25th, 2007Currency traders will shortly be able to open an account with FXCM denominated in Canadian dollars.The appeal for Canadians of such an option is obvious.Why keep their funds in a currency which they will have to eventually change into their home currency? However, there is a reason to consider a Canadian dollar denominated account even [...]
EUR/USD – Picking a Top Update
Wednesday, July 25th, 2007Back on the 23rd, I indicated that it is time to pick a top in the EUR/USD… and here we are 100 pips lower. I was looking for a break of 1.3775. We had that break and are now trading at 1.3725. Where are we headed next? At least 1.3700, the 20-day SMA. Traders could [...]
Is the British Pound Headed to 2.10?
Tuesday, July 24th, 2007The slope of the rally in the British pound has been nothing short of impressive. Over the past month, the currency has appreciated from 1.9650 to 2.0650 (1000 pips) against the US dollar with virtually no retracement. Many people have argued that rate hike expectations are behind the move, but if that was truly the [...]
DailyFX Forex Radio – Dollar Near Lows On Risk Aversion, Australia Awaits CPI Data
Tuesday, July 24th, 2007Listen here: Radio Podcast for July 24, 2007 · US Dollar sees weakness on Dow Tumbles: this is not likely over. · Strong jump in S&P 500 Volatility Index proves bearish for carry trades: Japanese Yen rallies · New Zealand Dollar awaits critical Reserve Bank of New Zealand Decision. Tags: dollar, forex, forex news, forex [...]
EURCHF – Closing Time?
Tuesday, July 24th, 2007Generally speaking, whenever I see the price exhibit weakness at key support/resistance or recent high/low levels I start thinking about getting out of the trade especially if I’m not way in the money at that particular point. In this case EURCHF traded through the most recent daily highs made back on June 19th but failed [...]
DailyFX Forex Radio – Will dollar get a real boost?
Tuesday, July 24th, 2007Despite broad dollar weakness, dollar gets a boost from oil prices but still holds in a range. Thursdays new home sales could show more issues with subprime housing market. Durable goods is anticapated to improve. DailyFX Forex Radio – Will dollar get a real boost? Tags: dollar, forex, forex news, forex trading
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