Archive for April, 2009
« Previous EntriesPay Attention when Central Bankers Speak: Bollard killed the New Zealand dollar with one Statement!
Thursday, April 30th, 2009Yesterday, New Zealand announced interest rates and cut them from 3% down to 2.50% as expected. However, what was not expected were the comments from their central banker (Bollard). He stated that rates would likely remain low “well into late 2010”.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDysq8mjvOyQ
The main reason many people even trade the New Zealand dollar (NZD) is due to […]
Theme of the day so far: Yen and Dollar Tank across the board!
Wednesday, April 29th, 2009So far this morning, NZD/JPY is leading the way, up 2.46% while the biggest loser on the day is EUR/NZD. So the New Zealand dollar is strong so far this morning.
AUD/JPY, NZD/USD, CAD/JPY and EUR/JPY are the next leaders. So yen is weak across the board today.
The Mexican peso has pared some of its losses […]
How the Swine Flu is Affecting the Peso, the Dollar and Yen!
Tuesday, April 28th, 2009sterday as I watched the media breed fear into the public, I also saw my charts going nuts. The “Swine Flu fear” was spreading from people, to the financial markets.
Fist I heard about hog and pork belly futures taking a blood bath in the trading pits due to the swine flu. (Commodity traders were scared […]
Medium Term Fundamental Trade: A Case for the Euro!
Monday, April 27th, 2009I want to show you how to crawl into the mind of a fundamental trade. As an example, I’d like to show you a recent example of how I go about formulating a longer term fundamental view of the euro (EUR/USD). So let’s take a look below…
For the first time in a long time, I […]
Dollar falls on battle between Bank of America’s Lewis & Bernanke/Paulson.
Friday, April 24th, 2009Check out the article here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJbR4ycD20iAThis is causing the buck to fall….after all, if Paulson and Bernanke are in the wrong, that wouldn’t bode well for the buck (even though Paulson is out of office).
Tags: article, bank, Bank of America, Bernanke, bofa, buck, Lewis, news, Paulson, regulators, Sean Hyman
Traders circle the Pound like vultures!
Friday, April 24th, 2009Traders are circling the British pound like vultures this morning as a news article came out that said that Moodys is considering cutting the U.K.’s AAA credit rating.
This has caused the EUR/GBP pair to come to the top of the % gainers list (up 1.69%) and GBP/JPY and GBP/CHF are at the very bottom of […]
Daytrading:Know when to Hold’em…Know when to Fold’em!
Thursday, April 23rd, 2009So far, today is one of those days where the movements are mild so far (except in the exotic currencies: USD/ZAR and EUR/TRY which are the biggest % gainers on the day).
Nothing is either gaining or falling rapidly today. Daytraders typically need momentum and breakouts and days like today (unless it changes all of the […]
The Pound drops on Fundamental and Technical data!
Wednesday, April 22nd, 2009This morning the British pound (GBP) is dropping due to increasing unemployment and jobless claims (as well as a decrease in hourly earnings for those who are employed).
The GBP/USD and GBP/JPY just broke uptrends on the hourly chart and are still headed south.
This is also causing EUR/GBP to be the top % gainer on the […]
Trading Concept: Inside Trading Days
Tuesday, April 21st, 2009One concept that short term traders look for are “inside days”. What is this? It’s where a completed candle’s high/low of the day is within the range of the previous day’s high/low. See the chart below and I think you will see what I mean. Notice that the current closed candle is within the boundaries […]
AUD/JPY is down over 5% on the day!
Monday, April 20th, 2009AUD/JPY is down 5% today alone! Wow, what a correction….NZD/JPY down over 4%…AUD/USD down over 3.6% on the day now! So the downside momentum on the day is about double the percentage gainers on the day today. The strength of the yen today is amazing….when these yen crosses went up recently, they did so fearlessly. […]
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