Archive for August, 2007
« Previous Entries Next Entries »NZD/USD Reaches Price Target
Thursday, August 16th, 2007I’ve been bearish NZD/USD for the past few days. Yesterday, my target was .6720. Today’s low was just slightly below that at .6713. Over the past 6 trading days, the NZD/USD has fallen close to 1000 pips. The losses have become so severe that we now need to look at weekly charts. If the NZD/USD [...]
GBPJPY – What If?
Thursday, August 16th, 2007Rob had a great question regarding my previous post. What happens if it doesn’t bounce and just keeps falling…now trading roughly 700 PIPs lower than where it was trading when I posted yesterday, what indeed? My answer to your question, do nothing. On any given day, week, month or year the odds of the kind of [...]
DailyFX Forex Radio – US Dollar Continues To Benefit As The Dow Falls Over 1000 Points From Highs
Wednesday, August 15th, 2007· US Dollar rallies despite inflation data, as carry trades unwind with the Dow now down over 1000 points from the highs · Euro-zone CPI set to make or break ECB rate expectations – how will bonds, currencies, and equities react? · Be sure to view the rest of the week’s event risk on the DailyFX [...]
1 – Click Forex Execution
Wednesday, August 15th, 2007You can now submit an entry order with one click using the FXCM trading platform.
Forex Trading – New Zealand Dollar Still Headed Lower
Wednesday, August 15th, 2007Yesterday, I said that the NZD/USD was in for more losses. We are down 1.38 percent today or 100 points off the high. But more importantly, we have broken very critical support at 7265/7275. There is now no major support until .6720. Fundamentally and Technically, the NZD/USD looks like its in for more losses. Retail [...]
GBPJPY – Falling Off a Cliff
Wednesday, August 15th, 2007So the bears finally won out and crushed this pair mercilessly yesterday and into this morning. The same action played out across most of the other JPY pairs. I noted in my previous post that waiting for the market to choose a direction before doing anything with this pair was the way to go. Now that [...]
NZD/USD In for More Losses
Tuesday, August 14th, 2007Fundamentally and Technically, the NZD/USD looks like its in for more losses. Retail sales last night was much weaker than expected and there are reports that foreign debt redemptions in the next 2 months will continue to weigh on the currency. NZ$3.5 billion worth of bonds are set to mature this month with another NZ$3.9 [...]
DailyFX Forex Radio – US Dollar Gains Footing With the Help of Retail Sales, Market Stabilization
Monday, August 13th, 2007· US Dollar gains amidst stronger-than-expected retail sales, market stabilization · Will Tuesday’s UK CPI report could push GBP/USD down to 2.00? · 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 [...]
GBP/JPY – Bulls or Bears, Who Has It?
Monday, August 13th, 2007For short to intermediate term traders the big question is, is it time to buy/sell GBPJPY? No one seems to have a confident opinion at this point. This uncertainty is playing out on the daily chart as we speak. As expected, the chart doesn’t seem to indicate one way or another which way traders are [...]
DailyFX Forex Radio – US Dollar Gains Amidst Credit and Liquidity Concerns, Carry Trades Plunge
Thursday, August 9th, 2007· US dollar gains as Euro, British pound collapse – what happened? · Credit and liquidity risks lead FX carry trades, equity markets to plunge – why? · Canadian dollar could recoup losses on Friday’s labor market report · Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar [...]
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