Archive for March, 2009
« Previous Entries Next Entries »Alert: Switzerland lowers interest rates and CHF tanks hard!!!
Thursday, March 12th, 2009The Swiss franc just tanked hard, bringing up USD/CHF, EUR/CHF and GBP/CHF up an average of 2.0% on the day while bringing down CHF/JPY 2.50% on the day so far. Wow! Rates got lowered from 0.50% to 0.25%. Click on the comments in the chart below to enlarge it. http://www.fxedu.com/practice-forex-account Sean Hyman Tags: CHF, [...]
Yen Strength pushes GBP/JPY and AUD/JPY down this morning!
Thursday, March 12th, 2009The upward momentum so far is nothing…so looking to the downward momentum on the day, GBP/JPY and AUD/JPY are the biggest losers on the day. So expect the short sellers to sniff this out and jump on it. GBP/JPY down 1.46% so far on the day and AUD/JPY down 1.74% on the day so far….biggest [...]
Update: The Canadian dollar got punished today!
Wednesday, March 11th, 2009Today, the EUR/CAD is up over 1.5% and CAD/JPY is down 2% on the day. Shorts are piling in all over the place to attack the loonie. To get your practice account started today, click on the “practice trading” tab at the top of this page. Sean Hyman Tags: alert, [...]
Alert: CAD/JPY just broke lower intraday. Down 1.6% on the day now!
Wednesday, March 11th, 2009Alert: CAD/JPY just broke lower intraday. Down 1.6% on the day now! Sean Hyman Tags: blog, breakout, CAD, canada, currency, downtrend, forex, fxedu, JPY, mywealth, pair, Sean Hyman, trade, trader, yen
Thoughts for the Intra-day traders out there…
Wednesday, March 11th, 2009A couple of days a week it seems like there are low momtenum days in the market. Today appears to be one of those days. If you’re a swing trader or a long term carry trader, then this would not matter. However, if you are into short term trades, then you need momentum type moves [...]
Two Long Term Potential Breakouts About to Happen!
Wednesday, March 11th, 2009Two potential long term breakouts are emerging in the most unlikely spots…the yen carry trade: EUR/JPY and NZD/JPY Everyone has been used to yen strength this year and everyone has been accustomed to the idea of the “carry trade” selling off for even longer. So if this breakout occurs in the upcoming days [...]
Want to know the top 4 upward trending currency pairs?
Tuesday, March 10th, 2009When almost all financial assets are going down in almost every market right now, these 4 currency pairs buck the trend. Want to know what they are? Sign up for our free report and we’ll send it to you. http://www.mywealth.com/currency-strategy.html Sean Hyman Tags: crisis, currency, currency pairs, depression, dow, forex, forextrading, fxedu, market, money, mywealth, [...]
Update on a longer term breakout trade: USD/CAD
Tuesday, March 10th, 2009Now that the USD/CAD trade has pierced 1.30 and pulled back, it should have caught enough people “off guard” in the short term, to get ready to head higher. It’s seems that everything I read or hear talks about retail traders being “short” this pair. So that will act as “fuel to the fire” if [...]
AUD/USD update.
Tuesday, March 10th, 2009So far, AUD/USD has rallied about another 50 pips since the last post. The dollar is getting killed this morning across the board today, as Citigroup acts like it knows how to make a profit. ha-ha! Also, the tick up in commodities lately has helped the “commoditiy currencies” to grab some ground. These are AUD, [...]
The Theme of the Morning: Dollar & Yen Selling
Tuesday, March 10th, 2009The pairs that have the most momentum so far today are the:AUD/USD, NZD/USD, AUD/JPY, NZD/JPY, etc. AUD/USD is up almost 2% on the day so far. Some of the biggest “down side” momentum is on USD/CAD, USD/TRY, USD/ZAR. Click on the chart below to enlarge it. Get your currency trading demo here: http://www.fxedu.com/practice-forex-account To [...]
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