Archive for November, 2009
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Tuesday, November 17th, 2009Much like Mr. Miyagi’s advice to Daniel-san, today’s forex market is a case of wax-on, wax off. The lesson to be learned here is that the more things change, the more they stay the same. What do I mean by this? Well, it is rare that any investment just moves in one direction without experiencing [...]
Guest Blogger: Liviu Flesar
Tuesday, November 17th, 2009The online forex community is pretty extensive, yet it is sometimes hard to find bloggers with unique perspectives. Well Liviu of Innerfx is one such blogger. As an independent trader based in Europe, he will provide a refreshing point of view on the markets from the other side of the pond. Below is his weekly [...]
Yen: Good News/Bad News= No News
Monday, November 16th, 2009There were a few reports coming out of Japan yesterday which could have seemingly moved the market, but the opposite effect has occurred. In this regard, the good news has negated the bad news and has caused the Japanese Yen (JPY) to trade in a tight range, though off slightly against other currencies. The first [...]
Whoops! Shoulda Zigged When I Zagged!
Friday, November 13th, 2009Let me start by saying thank you to MT4 for having issues that have prevented me from trading. While my logic was correct in that “something had to give”, my choice was wrong predicting yen strength and Aussie/Kiwi weakness. The exact opposite occurred! Here’s a quick chart of Kiwi/Yen (NZD/JPY): (click to enlarge) My logic [...]
Good Morning for Pac Rim!
Friday, November 13th, 2009So far this morning, Pacific Rim currencies are faring the best led by the Japanese Yen (JPY) which is up against the Euro (+.84%) and the US dollar (+.74%) What seems odd though is that the next best performers are the Aussie and the Kiwi. Under “normal” circumstances, these currencies are on opposite ends of [...]
USD to Strengthen on Double Dip Concerns?
Thursday, November 12th, 2009So I’ve kind of been looking around a bit for some sort of technical confirmation that something big may happen in USD to support a “hunch” that I have that the dollar may strengthen. Not seeing anything yet. And this is good. Because its usually opposite of how I tend to trade. Readers of this [...]
Not So Sterling!
Wednesday, November 11th, 2009Sound As A Pound No More! The British pound (GBP) is weak across the board today as BOE Governor King re-iterated that a weaker currency should lead to a recovery in the economy. This comes on the heels of a better than expected unemployment report, though not enough to buoy the sentiment for a rapid [...]
North Korea Stirring the Pot!
Tuesday, November 10th, 2009Kim Jong Il is at it again! Yesterday, there was a bit of a skirmish between North and South Korea on the high seas as a gun battle occurred between naval vessels. You can read the full story here. Why is this important? Well, when North Korea starts messing around in the region, that usually [...]
Fitch: UK Risk the Greatest!
Tuesday, November 10th, 2009Yesterday, the ratings agency Fitch warned that the UK’s sovereign credit rating is most at risk of being downgraded amongst all of the other top-rated economies. Barclays is calling this a buying opportunity after the initial sell-off occurred. “Fitch stressed after the statement that there were no plans to change the U.K. rating. Other news [...]
G-20 Blesses Dollar Destruction!
Monday, November 9th, 2009Another G-20 meeting. Yawn. The topics of “normal” discussion were nowhere to be found. Nobody criticizing dollar weakness, nobody calling out China for its dollar peg. So what does this all mean? GAME ON! News outlets are reporting that the tacit approval and continued commitment to global stimulus will embolden traders to sell US dollars [...]
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