Archive for May, 2009
« Previous EntriesThe Theme Continues: Commodity dollars rising vs. the Buck!
Friday, May 29th, 2009Commodity currencies continue to gang up on the buck as the recession becomes shallower and commodities pick up as more global growth and demand starts to pick back up.
Also, investors are betting on inflation coming in the future and are positioning themselves ahead of time. To do that in currencies, there’s no better picks than […]
Massive sell signal on USD/CHF today!
Thursday, May 28th, 2009Want to go against the crowd? Traders are piling in long USD/CHF in a major way. The only problem? USD/CHF is in a downtrend. Therefore, these guys will either get stopped out (which causes selling pressure) or they will freak out and reverse their positions which also adds selling pressure. How do I know they are […]
The Pound is ignoring its news, here’s why!
Wednesday, May 27th, 2009Today, all of the pound pairs lead the way on the “percentage gainers” list. However, the pound has been moving up for a while now especially in relation to the dollar (GBP/USD) and yen (GBP/JPY).
I learned a long time ago that when a currency “defies” its news and does otherwise, then go with what the […]
Being a Fundamental trader no matter what your time frame.
Tuesday, May 26th, 2009The fallacy that traders usually get into is that fundamental analysis is only “news event trading”.
However, the biggest traders out there aren’t so much “news event traders” and yet they are still fundamental traders.
How? Because they keep in mind where interest rates and CPI are heading in the given countries. They watch the GDP growth […]
Kim Jong Il is at it again as North Korea fires off more missiles!
Tuesday, May 26th, 2009While we had Memorial Day in the U.S., North Korea was firing off missiles and testing a nuke! Even as late as this morning, they were still firing off missiles.
They continue to defy U.N. warnings against such activity. So they will undoubtedly suffer sanctions from many countries of the world.
I’m sure what they hope for […]
North Korea launches another missile. See how it affected currencies!
Monday, May 25th, 2009Just a quick Memorial Day note…on a day when we’re supposed to be honoring our fallen soldiers and those in our miliary, North Korea launches a missile. Coincidence? I think not! They love the attention…and no better way to get it than with most of the markets shut down and not much going on in […]
USD takes it on the chin again!
Friday, May 22nd, 2009This time its the Canadian dollar giving USD the smackdown. USD/CAD is down roughly 1.35% today, which isn’t a huge move compared to recent days. Will USD collapse in the corner or try to fight back? With the holiday weekend upon us, it will be interesting to see what happens next week, but the trend […]
Euro en Fuego!
Thursday, May 21st, 2009And yet another great call by Sean!
Click Image for larger view
none
Got a feel for stocks? Then you have a feel for currencies…and didn’t know it!
Thursday, May 21st, 2009I’ve met many traders that came into the currency market from stock markets around the world. In other words, they were a stock trader in their “home” market before venturing into the currency market. What they usually don’t realize is that their stock market knowledge could help them in the currency market.
For instance, the German DAX […]
S&P Cuts British Outlook- GBP falls
Thursday, May 21st, 2009S&P cut the UK debt outlook from stable to negative this morning, tanking the GBP. It fell to 1.5522, holding near-term support levels at 1.55. It has since bounced off of those levels and has retraced to its 61.8 fibonacci level on a 5-minute chart (see below) It looks to be range-bound as it is […]
« Previous Entries