Archive for August, 2007
« Previous Entries Next Entries »GBP/JPY - Short Term Double Top
Wednesday, August 22nd, 2007We made some good $$ with the USD/CHF short and now there is short term opportunity in GBP/JPY. The currency pair has been trading between 225.25-230 since the beginning of the week. It should remain in that range until we get some comments from the Federal Reserve. Right now its trading at […]
Pound/Yen - Defining a Bounce
Wednesday, August 22nd, 2007Shorting into the JPY crosses after the tremendous free-fall they’ve had the past couple of weeks is definitely a high-risk idea and not for the timid. But since we like eating risk for breakfast let’s consider this idea…
Following up on my previous post, I find it more comforting to wait for a bounce after a […]
DailyFX Forex Radio - US Dollar Little Changed As Bernanke, Paulson, Dodd Meeting Proves To Be Lackluster
Tuesday, August 21st, 2007· US Dollar little changed as news from Bernanke, Paulson, Dodd meeting proves to be lackluster
· Nevertheless, markets are still expecting a cut in September - will it be by 25bps or 50bps?
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX […]
How Many Fed Rate Cuts is the Market Pricing In?
Tuesday, August 21st, 2007Take a look at the table below. The market is currently pricing in one 25bp rate cut in September, one in October followed another one by the end of the year. The possibility of an intermeeting rate cut also exists if calm is not restored to the credit markets.
Tags: forex, forextrading, interest rates
DailyFX Forex Radio - US Equities and Carry Trades Gain - Is The Liquidity Crunch Over?
Monday, August 20th, 2007· US Dollar little changed, but Dow and carry trades rebound - is the liquidity crunch over?
· Traders now look forward to critical Canadian CPI Report
· Regardless of the inflation release, USD/CAD risks may be to the downside
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss […]
DailyFX Forex Radio - US Dollar Drops as Fed Discount Rate Cut Gives Equity, Carry Traders Hope
Friday, August 17th, 2007· Fed Bails out Stocks with Rate Cuts, Dollar May Continue Tumble
· Traders now look forward to Critical Canadian CPI Report
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen […]
USDCHF - Target Hit, More Losses Likely
Friday, August 17th, 2007Yesterday, I had said that USDCHF was near a top
And to expect a move down to 1.2100. We went far below that down to 1.2029. There is major moving average support at 1.2030 which is where the sell-off stops. If we close below 1.2013, expect a move down to at least 1.1970.
Tags: forex, forextrading
DailyFX Forex Radio - Dow Shows Signs of Life, Nikkei Critical to Carry Trade Recover
Thursday, August 16th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM081607.mp3
Key Points
· Stock Markets Recover from Abyss, but Can Euro Recover Against the Dollar?
· Future of Fed Interest Rates Critical to US Dollar Performance
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
Tags: currency trading, dailyfx, dollar, […]
USDCHF - Near Term Top
Thursday, August 16th, 2007After four straight days of gains, USD/CHF is carving out a near term top. The currency pair’s rally has stopped a few pips shy of a very critical resistance level. Today’s high was 1.2215. At 1.2225, we have the 200-day SMA, 61.8% fibonacci retracement of the 1.2476-1.1817 bear wave and the third standard deviation […]
Forex Volatility Is Back!!! Hooray!!!
Thursday, August 16th, 2007After weeks and weeks of range-bound forex markets, we are finally starting to see major - 1000 pip - market moves.
While this provides the potential for big opportunities, several traders may get caught applying the wrong strategies to these new market conditions.
You should maybe look at applying trading strategies that are designed to capture market […]