Archive for October, 2007
« Previous EntriesDailyFX Forex Radio - Dollar Hits Record Lows Against Euro, 50-Year Low Against Canadian Dollar - What Happened?
Wednesday, October 31st, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM103107.mp3
Key Points
· US Dollar plummets across the majors as the FOMC cuts rates 25bp
· Despite Thursday’s event risk, EUR/USD likely to consolidate near record highs
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Fed Cuts Rates by 25bp, Statement Neutral With Tinge of Hawkishness
Wednesday, October 31st, 2007The Federal Reserve lowered interest rates by 25bp to 4.50 percent, giving the financial markets exactly what they wanted and nothing more. The FOMC statement remained virtually unchanged, signaling that any further rate cuts by the Federal Reserve will be gradual. Interestingly enough, the Fed indicated that the upside risks to inflation roughly balance the […]
Check the economic calendar before you open a trade rather than after you were stopped out.
Tuesday, October 30th, 2007It happens almost every time the market reacts to a scheduled news release. New traders get caught off guard as they are unaware of what is coming. Since I work with new traders as an instructor of the FX Power Courses offered by FXCM, I always get emails from a few new traders asking why […]
DailyFX Forex Radio - Dollar Tumbles Ahead of FOMC, Canadian Dollar Surges On Oil Over $93/bbl
Monday, October 29th, 2007· US Dollar unlikely to post substantive rebound in short term trade
· In fact, US housing and consumer concerns could take EUR/USD up to 1.4450 on Tuesday
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM102907.mp3
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FOMC Meeting: Will We Get A Trick or Treat on Halloween from the Fed?
Monday, October 29th, 2007With the clock ticking until the all-important Federal Reserve interest rate decision at 14:15 EST on October 31st, traders are quickly upping the ante and betting that the central bank will be cutting rates on Halloween. Currently, Fed fund futures are pricing in a 98 percent chance of a 25 basis point cut to 4.50 […]
DailyFX Forex Radio - Will the Dollar Continue Setting Record Lows? Next Week’s Event Risk Will Likely Decide Greenback’s Fate
Friday, October 26th, 2007· US Dollar selling accelerates on Dow Jones Rallies
· Will Sunday night’s New Zealand data prevent the Kiwi from reaching 0.7750?
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM102607.mp3
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DailyFX Forex Radio - US Dollar Drops To Near-Record Lows Against the Euro, Is USDJPY Heading For The August Lows?
Thursday, October 25th, 2007· US Dollar falls to near-record lows as durable goods disappoint, new home sales worse than they appear
· Will risk aversion trends take USDJPY down to the August lows or will tepid Japanese CPI keep the pair elevated?
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EUR / AUD - I’m Not Blaming “Them”
Thursday, October 25th, 2007Looks like my timing with EUR/AUD was still a bit early relative to the continued lukewarm selling that ensued since I posted on this idea. This was a possibility I accounted for, which is why I only went in with a probing trade as discussed in my previous post.
As of right now, I still believe […]
If you lose, don’t blame “them”.
Thursday, October 25th, 2007If you take the time to read any trading forums or listen to many new traders who are losing, you will hear one concept over and over again. These traders all lost because of “them”. You know….the ones who make sure you are going to lose your next trade. Sometimes another group is responsible for […]
DailyFX Forex Radio - US Dollar Reverses on Dow Rallies - Will a Durable Goods Report Shift Sentiment?
Wednesday, October 24th, 2007· US Dollar initially rallies on rising risk aversion…
· But dollar clearly hurt by expectations that the Fed will cut by 50 basis points on October 31
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM102407.mp3
Want to hear our PodCasts […]