What To Look At In The Market
« Previous Entries Next Entries »Forex Market Outlook 8/17/11
Wednesday, August 17th, 2011The markets yesterday were left largely unimpressed with the outcome of the Sarkozy-Merkel meeting as nothing significant was revealed. The major resolutions, if you can call them that, were that the size of the EFSF was large enough and did not need to be expanded and that they were now going to meet regularly [...]
Euro at Pivotal Level at 1.4385!
Tuesday, August 16th, 2011I’m being somewhat facetious this morning when I say that the Euro is at a “pivotal level” as it is trading just around its daily pivot point. Under normal circumstances, there is usually volatility around this level as the market decides which way it wants to go. Consider this level to be a daily mid-point [...]
Market Outlook 8/16/11
Tuesday, August 16th, 2011This morning all eyes and ears are on Europe as a meeting between the leaders of France and Germany is taking place where they are expected to produce further measures to help deal with the Euro debt crisis. The major topic is going to be the expansion of the EFSF and guidelines for debt reduction [...]
Aussie approaching resistance at 1.055!
Monday, August 15th, 2011The Aussie is approaching R3 resitance on the 4-hour chart ahead of tomorrow’s release of the minutes from the rate policy meeting. While the RBA has been quick to raise rates to combat inflation, there is sentiment in the market that feels that they may be just as quick to lower. With the recent sell-off [...]
Forex Market Outlook 8/15/11
Monday, August 15th, 2011Well it looks like the markets have settled down a bit after last week’s wild ride with volatility contracting a bit and markets looking to trade higher. Despite the roller-coaster action we saw last week, equity markets ended the week down roughly 1.75% which isn’t a huge move in the grand scheme of things. Stocks [...]
Market Outlook 8/12/11
Friday, August 12th, 2011The markets appear to be somewhat tame this morning considering the massive volatility we have been seeing over the past week. Mid-triple digit moves on the Dow Jones Industrial Average have marked one of the craziest times in the market that I can remember—and this includes the go-go days of the internet boom/bust! We know [...]
Bull Pennant in EUR/CHF!
Friday, August 12th, 2011It seems like everyday the market is left asking if either the Bank of Japan or Swiss National Bank are intervening in their currency. While yesterday’s early forex market action showed a “questionable” move in JPY, the Swiss franc (CHF) actually stole the show throughout the US session as it weakened tremendously. Part of this [...]
Market Outlook 8/11/11
Thursday, August 11th, 2011The markets are undergoing a major reversal this morning as equities were higher to start the morning in Europe and in the US but that has now turned negative and looks like risk-aversion is back on the table. The focus has shifted back to the European banks this morning and the ECB monthly report came [...]
Is the BOJ still Intervening?
Thursday, August 11th, 2011Earlier this morning at the London open, there was a curious move on the Yen crosses which has prompted some to believe that the Bank of Japan is actively selling Yen in the market. While not a formal intervention, this could be the path the government takes to try to keep speculators from pushing the [...]
Market Outlook 8/10/11
Wednesday, August 10th, 2011Did Bernanke kill the Dollar? Yesterday’s FOMC meeting produced major market volatility, the type that we have not seen since the “Flash Crash” occurred. Changes to the FOMC statement from keeping rates “exceptionally low for an extended period” to an actual target date 2 years away “mid-2013” left the market wondering what to do. [...]
« Previous Entries Next Entries »