Archive for July, 2009
Next Entries »Why Currencies are in “Pairs”!
Tuesday, July 7th, 2009You know, when I was in the stock market, you would just see one thing being traded and quoted (ex. IBM, Google, GE, etc.). However, when I came over to the currency market, I noticed that currencies were in “pairs” rather than just individually quoted and I always wondered why they were that way. [...]
An RSI trick to get you more signals when the traditional settings just won’t do it!
Friday, July 3rd, 2009Many times, in stronger trends…the traditional RSI setting just won’t cut it (14 periods). It won’t even come close to the overbought/oversold levels of 30/70. [B]However, if you tweak your RSI settings to where they are set to 9 periods…then you will find that the RSI gets wider swings which will trigger more RSI signals [...]
Markets become “weighed down” after today’s Employment report!
Thursday, July 2nd, 2009Unemployment in the U.S. now stands at 9.5%. Job losses came in at -467,000 vs. -360k expected. Oil slumped to $67 down recently from $70-$73. The Dow is down 160 points. Most all foreign currencies that I see are down on the day as the defensive plays of the dollar and yen both thrive upon [...]
ECB keeps rates at 1% (as expected). NFP & ECB Press Conference @ 8:30 am EST
Thursday, July 2nd, 2009The ECB kept interest rates unchanged at 1% as expected. Now let’s see if Trichet provides anything revolutionary in his press conference at 8:30am EST. Also, the U.S. Non-Farm Payrolls will be coming out at the same time and the U.S. Unemployment rate. So lots to keep track of around 8:30 am EST today! Tags: [...]
Yen Weakness and Canadian dollar Strength Abounds this Morning!
Wednesday, July 1st, 2009The theme for today so far is “yen weakness” particularly vs. the Canadian dollar (CAD). This has pushed CAD/JPY up about 1.53% so far this morning. However, many other yen crosses are trailing behind it: CHF/JPY, EUR/JPY, AUD/JPY, etc. The worst performers this morning? USD/CAD and AUD/CAD. So since CAD/JPY is the strongest and these [...]
Next Entries »