Archive for March, 2009
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Friday, March 20th, 2009I recently published an article that talked about the state of the
U.S. economy and that it may be in the “beginning’ stage of an economic recovery.
I talked about the valuable indicator of copper and why it leads the way and tells you that the economy will recover long before the “nightly news” or even analysts […]
Another site confirms my thoughts of Copper’s ties to Economic Recovery
Friday, March 20th, 2009www.dailywealth.com today put out a story that confirmed one that I wrote on Copper recently. See their economic recovery checklist below:
The True Wealth Script for Economic Recovery
• Investment-grade corporate bonds rally first,• then stocks rally. Around the same time,• the price of copper recovers.• The CILI (aka “Silly”) Recession End-icator goes up for three months. This is […]
Yen Crosses top the % Gainers List Today!
Friday, March 20th, 2009While the yen crosses didn’t catch their second wind as much yesterday…they are leading the pack this morning with NZD/JPY leading at 2.06% up on the day so far ….AUD/JPY, CAD/JPY and USD/JPY follow.
Also, NZD/USD is towards the top of the list too…so yen is weak, NZD is strong so far this morning. That’s where […]
Exotic Currency Breakout: USD/ZAR (South African rand)
Thursday, March 19th, 2009If there’s any of you out there that follow “the exotics” like USD/ZAR (South African rand), then you’ll want to note the break of the uptrend line on the daily chart as of yesterday. With the “dollar selling” theme now going on, it was a great time for it to break.
Click on the chart below […]
Current Intraday Theme: Dollar & Yen Continue to Tank vs. Other Major Currencies
Thursday, March 19th, 2009AUD/USD is the top gainer on the day presently, being up 1.82% with GBP/USD and NZD/USD trailing behind it.
However, CAD/JPY leads the way on the yen crosses with AUD/JPY just behind it.
Biggest losers on the day so far: USD/CAD, USD/JPY and USD/CHF in that order.
Bottom line: Dollar still being sold across the board.
Makes you wonder […]
USD/CHF falls almost 300 pips within 20 minutes after Fed announcement on rates!
Wednesday, March 18th, 2009
The Fed creams the dollar all with one quick statement. Check out the severity of it below. Traders that were short the dollar made a lot of money today on this trade. Click the chart to enlarge it.
Tags: blog, buck, CHF, currency pair, decision, dollar, falls, fed, federal reserve, forex, forextrading, greenback, interest rate, money, trade, […]
Alert: Interest Rates left unchanged
Wednesday, March 18th, 2009Rates left unchanged at a range of 0% to 0.25%. Fed may buy $300 billion of Long Term Treasuries. EUR/USD spikes up afterwards. Dollar tanks across the board as the “dollar dive” falls off oa cliff seconds after the announcement.
Tags: dollar, economy, EUR, fed, Federal Reserve, forex, interest rates, rate, rate decision, U.S., USD
Fed announces rates at roughly 2:15pm EST today, don’t forget.
Wednesday, March 18th, 2009I can’t imagine any real change in interest rates since all of those “bullets” are all but gone. However, they could still pull some rabbit out of their hat I suppose. That’s the only risk as I see it. That “rabbit” would have to come out in the comments.
So tread carefully in the markets before […]
This indicator seems to think that the economy may be beginning to turn around.
Tuesday, March 17th, 2009
http://www.youtube.com/watch?v=XSVKZHsFkn0
Tags: 2009, blog, commodities, commodity, copper, currencies, currency, dollar, economic, economy, education, euro, forex, fxedu, instructor, invest, market, money, mywealth, oil, professor, Sean Hyman, stocks, trade, trader, trend, wealth
All Financial Markets are Reasonably Quiet Before Tomorrow’s Fed Announcement.
Tuesday, March 17th, 2009Words of Wisdom to the Trend Trader as well as the Range Trader:
One thing that the trader always has to ascertain is when to be “in” the market and when to be “out” of the market. Since most market participants (in any market) are “trend traders” whether long term investors or short term intra-day momentum […]