Archive for November, 2007
« Previous Entries Next Entries »FXCM SSI Signals EURUSD at 1.50
Thursday, November 8th, 2007According to Antonio Sousa of DailyFX.com, The ratio of long to short positions in the EURUSD stands at -1.94 as nearly 66% of traders are short, according to our dealing desk data on the positioning of more than 20.000 retail traders. Moreover, open interest is 2.4% stronger than yesterday but 13.4% below its monthly average, [...]
Trading EUR / AUD – Flat
Thursday, November 8th, 2007Following up on yesterday’s EUR/AUD long idea, I decided to get flat early this morning at the 1.5815 area. For the same reasons I should have gotten out of my NZD/JPY trade the other night instead of holding, I didn’t feel comfortable with the weakness showing on the 4-hour chart early this morning. Overnight price [...]
DailyFX Forex Radio – Comments From China Send Dollar Reeling, On To The ECB And BoE Rate Decisions
Wednesday, November 7th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM110707.mp3 Key Points · US Dollar pummeled by Chinese official’s suggestion to diversify away from weak currency. · USDCAD leverages greenback weakness with crude strength for record lows. · Now, ECB and BoE Rate Decisions pose key, scheduled event risk. To discuss these or any [...]
EUR
Wednesday, November 7th, 2007The Euro has once again broken record high level and peaked above 1.47 last night. The question is now (well actually it’s the same question we’ve been asking ourselves for quite a while now) : how much higher can it go ? As I wrote in some of my previous blogs, got scarred out of all [...]
Is the Euro Headed to 1.50?
Wednesday, November 7th, 2007Here is our latest special report: Since the middle of August, being long Euros and short US dollars has one of the best trades in the currency market. In less than 3 months, the EUR/USD climbed from a low of 1.3361 to a high of 1.4731 this morning. Critical resistance levels have been broken on [...]
Trading EUR / AUD – Sellers Stopped Cold?
Wednesday, November 7th, 2007Check out the EUR/AUD Daily. We have a rough double bottom indicating that sellers may have finished their onslaught…for now. The 4-hour chart shows buyers powering up. This is as good as any a point to test the waters with a small probing trade. If we see a break above 1.5740 bid I’ll fee a [...]
Trading NZD / JPY – Flat
Wednesday, November 7th, 2007I got out of my NZD/JPY long at 88.70 upon seeing a breakdown this morning in the price action via the 4-hour charts. Though it could possibly go back up I’d rather take the money and run at this point. Unfortunately, it wasn’t necessarily the best close since I was thinking about closing it out [...]
DailyFX Forex Radio – US Dollar Tumble Shows Few Signs of Slowing – Australian Dollar Headed to Parity?
Tuesday, November 6th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM110607.mp3 Key Points · US Dollar shows little hope for a rebound on overwhelming speculative interest · The Reserve Bank of Australia raises rates – is the Aussie headed to parity? To discuss these or any other FX topics with the DailyFX analysts, check out [...]
Which currency pairs are your favorites?
Tuesday, November 6th, 2007Most traders have some currency pairs that they like to trade. Perhaps it is because a certain pair gave them their first winning trade or because of where they once vacationed. But to answer this question, you should be checking out the report available on your FX Trading Station II platform. This is where you [...]
Trading NZD / JPY – Letting It Run, Maybe
Tuesday, November 6th, 2007How much further can NZD/JPY and other Yen crosses continue going up from this point? Following up on my previous post, I’m roughly 130 PIPs in the money on my long position and holding. The Daily and 4-hour charts are looking strong and so far the momentum is on my side (not to mention the [...]
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