Archive for May, 2009
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Wednesday, May 20th, 2009Click on the image to enlarge it. Then you can see the latest Fed comments from today’s release. Tags: comments, currency, fed, Federal Reserve, forex, minutes, news, release, Sean Hyman
Dollar Sells off Hard…Oil – Above $61!
Wednesday, May 20th, 2009The dollar is breaking lower…oil heading higher (hit $61 a barrel so far). The EUR/USD and AUD/USD are soaring while USD/CHF is tanking hard. We have a broad “dollar sell off” underway so far this morning. For Americans, this is bitter-sweet. This could help their stock and commodity investments but will kill them at the [...]
The Flavor of the day: the New Zealand dollar! What are traders spitting out? Euros!
Tuesday, May 19th, 2009Today the NZD/USD is up 1.20% and NZD/JPY is right behind it, up 1.15%. On the flip side, the euro is despised this morning with EUR/NZD, EUR/AUD and EUR/GBP all at the bottom of the list. NZD/USD is up, even more than anything else is down (percentage wise). So look for momentum there (intraday). You [...]
The “ever-volatile” yen gets killed vs. the commodity currencies today!
Monday, May 18th, 2009Man is the yen getting killed today or what? AUD/JPY is up 3.52% today…CAD/JPY up 2.98% and NZD/JPY up 2.83%. I’d say the “commodity currencies” are ruling today in a big way…especially vs. the yen..and they are doing pretty decent vs. the dollar today too. Keep an eye on these commodity crosses to see where [...]
How much money should you start up an account with?
Monday, May 18th, 2009I’m often asked the question in our courses….”How much money should I start my account with?” Good question. Let me give my personal opinion on this.A micro account CAN be started with $25 and a standard mini account CAN be started with $2,000. However, the less you start with, the bigger percentage of your account that [...]
GM & Chrysler Dealership Closings won’t bode well for the Dollar!
Friday, May 15th, 2009Even though these companies may go into and back out of bankruptcy…GM and Chrysler and the Detroit auto industry in general, just “does not get it”. As Detroit fumbles the ball and gives up even more market share to Japan (Toyota, Honda, Mazda, etc.), it won’t bode well for the U.S. dollar. It’s simply a [...]
Fundamentals in a Nutshell!
Friday, May 15th, 2009Some people avoid fundamentals because they feel they are so complicated. However, the basics are very simple and easy to follow. You just follow the trail. What’s the trail?Watch what the CPI (Consumer Price Index, which tracks inflation) does, especially on a Year over Year (YoY) basis. If it’s increasing, then central banks will have [...]
The yen is losing strength vs. AUD, NZD and GBP!
Thursday, May 14th, 2009USD/JPY has a daily head & shoulders pattern that broke below a neck line yesterday (extremely bearish pattern). So the dollar is getting clobbered by the yen. However, AUD/JPY, NZD/JPY and GBP/JPY are doing pretty good this morning after taking a bloodbath yesterday. These yen crosses have been very volatile lately…so lots of opportunity for [...]
The yen is killing most everything today!
Wednesday, May 13th, 2009Wow, the yen has mounted an assault on just about any currency it’s paired against today. USD/JPY looks to be completing a Head & Shoulders pattern on the daily chart. It also appears to have broken its daily uptrend line with the right shoulder…and heading below the 200 SMA too. So lots of bearish signs [...]
A Tale of Two Traders!
Wednesday, May 13th, 2009Two traders want to climb their way to success two different ways. Mr. Daytrader has a goal of 100 pips, and sets out to place 10 trades of 10 pips apiece in order to accomplish that goal. Mr. Swing Trader has the very same goal of 100 pips, yet sets out to do it in just [...]
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