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« Previous EntriesTop Currency Trading Ideas for Week of 2.04.08
Monday, February 4th, 2008Strategy this week: Expect a corrective US Dollar rally to give way to the next bear leg.
-Focus on positioning for EURUSD long, USDCAD short, AUDUSD long
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Possible Top in British Pound
Wednesday, January 30th, 2008From our Technical Analyst Jamie Saettele:
Don’t expect the quiet conditions of the last few days to last much longer as an interest rate announcement from the FOMC takes place later today. Emotional impulses generated from the herding mentality that exists in free markets is what creates recognizable price patterns. Price action; before, during, and after […]
US Dollar: Quickly Becoming a Low Yielder
Tuesday, January 22nd, 2008The surprise 75bp interest rate cut delivered by the Federal Reserve this morning brought US interest rates down to 3.50 percent, making the US dollar the third lowest yielding currency in the developed world. More specifically, US rates are now 50bp less than Eurozone and Canadian Rates, 200bp less than UK rates, 325bp less than […]
British Pound: Ready for a Sharp Rally?
Wednesday, January 16th, 2008According to our Technical Analyst Jamie Saettele, the GBPUSD has fallen over 1,500 pips in the last few months. No market moves in a straight line, so is it time for a sizeable Cable rally? We think that sentiment indicators along with the patterns on the chart indicate yes…and we know exactly when we would […]
Is the US Headed for Recession, If So Where Should I Park My Dollars?
Tuesday, January 15th, 2008Retail sales and producer prices both contracted in the month of December, leading many traders to wonder whether the US economy will fall into recession. Spending on cars, electronics, furniture, gas station receipts, building materials, clothing and sporting goods all declined, reflecting a broad based slowdown in consumer demand. According to Bloomberg News, this is […]
USDCAD: Headed for More Losses
Friday, January 4th, 2008Courtesy of Jamie Saettele:
The USDCAD remains trapped below a confluence of trendlines on the daily chart. The lines were tested once in early December and price is pressing against the trendline drawn off of the March and August highs once again right now. A breakout would lead to a test of the August high at […]
Forex Market 2008 Outlook
Monday, December 31st, 2007Start the New Year Informed. 2008 could be a major turning point in the global economy. The US will be voting in a new President, Canada is welcoming a new Central Governor, traders will be assessing whether the US economy falls into a recession and the Federal Reserve could put an end to their easing […]
Top 10 Trading Lessons from 2007
Monday, December 24th, 2007Happy Holidays! At DailyFX, we always say that we are Traders First and Analysts Second. Each and every one of the Analysts on the DailyFX Team actively trade in the markets and we wanted to take this opportunity to share with you, real trading lessons that we have learned this past year.
Lesson # […]
How Will the US Dollar Behave in the Month of January
Thursday, December 20th, 2007Last year, we published an article about how the U.S. dollar has a tendency to rise during the month of January. Since the seasonality effect held in 2007 (last January the U.S. dollar appreciated 1.27 percent against the euro) we thought that it is important to remind our readers about this price pattern going into […]
How Does the US Dollar Perform Over the Month of December?
Monday, November 26th, 2007Seasonality studies have long been one of the favorite indicators among futures traders, but despite the fact that seasonal trends do form in the FX market, this type of study is largely overlooked by currency traders. Last year, we published an article on how the U.S. dollar has been performing during the month of December […]
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