Archive for September, 2007
« Previous Entries Next Entries »DailyFX Forex Radio - UK Retail Sales Key to Pound Performance, Can Bernanke Boost the Dollar?
Wednesday, September 19th, 2007· US Dollar likely to continue declines through short term
· UK retail sales data could send the GBPUSD towards 1.9900
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the ForumClick Link to Listen to […]
AUD/CAD: The Turn One Year in the Making
Wednesday, September 19th, 2007Jamie Saettele, our technical analyst was telling me this morning about the trade of the year. He has been waiting almost forever for this Wave Formation to unfold and finally, we have it. We are talking about a BIG trade. Not one that lasts for 200 or 300 pips, but one that lasts for 2000 […]
Favorite Forex Celebrities
Wednesday, September 19th, 2007I got great feedback from my last post asking for suggestions on ways to improve DailyFX. Thanks.
So here is the next question: Who would like to appear in a live online Q & A session:
In October, Bob O’Brien of CNBC will be appearing to answer questions about the forex market.
Also in October, Drew Niv, the […]
Range Trading CHFJPY
Wednesday, September 19th, 2007
I just opened a position in the CHFJPY as I am looking to range trade this afternoon. The CHFJPY has been trading in a range between since yesterday afternoon between 97.92 and 98.30. I entered the trade (got long) at 98.01 about 8 pips away from the bottom range( I realize this might not be […]
Trading the Fed Rate Cut Announcement
Wednesday, September 19th, 2007Yesterday was pretty exciting since the Fed was set to announce whether they were cutting interests rates and if yes, by how much (25bps or 50bps). Opinions were mainly divided between a 25bp or a 50 bp rate cut. Before, the announcement at 2:15, I prepped myself by planning out the trades I would place […]
DailyFX Forex Radio - Euro at Record Highs Against Dollar, Can Loonie Set Parity?
Tuesday, September 18th, 2007· US Dollar plummets on Fed Rate decision
· Can the Canadian Dollar set parity on tomorrow’s Consumer Price Index data?
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to […]
Federal Reserve Cuts Fed Funds and Discount Rate by 50bp, Sending EUR/USD to Record Highs
Tuesday, September 18th, 2007Here is my Instant Insight on the Fed Rate decision on DailyFX:
The Federal Reserve delivers a double whammy. For the first time in over a year, the Fed cut the Federal Funds rate by 50bp to 4.75 percent while at the same time reducing the discount rate by 50bp to 5.25 percent. This follows an earlier discount […]
There is no such thing as too high or too low.
Tuesday, September 18th, 2007I often hear new traders state that they are buying a currency pair because the price is too low or selling a currency pair because the price is too high. The USD/CAD lows from July 2007 were a good example. Many bought because they determined that since the market was at a 30-year low, that […]
DailyFX Forex Radio - Dollar, Carry Trades Await Critical Fed Rate Decision
Monday, September 17th, 2007· US Dollar sees uneventful price action ahead of guaranteed volatility on FOMC decision
· How are markets likely to react to the FOMC decision?
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the […]
Which Charting Package?
Monday, September 17th, 2007There are more charting packages being peddled than one can shake a stick at. Though there are many choices not all are created equal and what will work for you depends on what you need.
Personally, my needs are quite modest…give me candlestick charts in an easy to use customizable layout interface and I’m good to […]