Posted in Audio commentary, British pound, Euro, Japanese yen, U.S. dollar, U.S. stocks on April 18, 2008 | 1 Comment »
Friday 04/18/08
Asia – Look at the inverted head n shoulders on FXI
Europe – Great Britain giving out pounds – look for institutional traders to step in
US - James look into the Financial futures crystal ball and tell me what you see?
James how do I trade the financials and the JPY?
$ up and commodities down.why??? – [...]
Posted in Audio commentary, British pound, Canadian dollar, Euro, Japanese yen, U.S. dollar, U.S. stocks on April 15, 2008 | No Comments »
Tuesday 04/15/08
To quote from Andrew Busch, currency strategist for BMO Capital Markets: Happy Tax Day! Most likely, this will be the lowest tax rate you will be paying for the rest of your life…….
AUD rally then retracement overnight on rumors and then spends the rest of the nigh selling off
$CRX.X, GLD, SLV, OIL make the [...]
Posted in Audio commentary, Australian dollar, Commodities, Economics, Euro, Fed, Japanese yen, Price patterns, U.S. dollar on April 14, 2008 | No Comments »
Monday 04/14/08
Currency trading end of last week into this week is like the Abbet and Costello “Who is on first and what’s on second” bit, confusing and violent.
G7 Language was purposefully vague not referencing China’s currency but general currency fluctuations- market tried to anticipate intervention action which caused more violent price action overnight and through [...]
Posted in Audio commentary, Commodities, Economics, U.S. dollar, tagged Commodities, daily audio commentary, fx, Rally on April 8, 2008 | No Comments »
A slew of information and action happening this week and last, the boys give a good run-down of the action in there Commentaries.
Don’t Be fooled by the Commodity Rally….. Watch the price action to confirm a breakout. Is it possible to see the dollar and ‘Stuff’ go up long term?
Uptick in Jobles Claims - what [...]
Posted in Carry trade, Commodities, ECB, Economics, Euro, Fed, Gold, Japanese yen, U.S. dollar, tagged ben bernanke, Carry trade, dollar, economy, Euro, Federal Resereve, interest rate, rate cut, usd, yen on March 17, 2008 | 1 Comment »
Well, maybe while you were getting ready for bed. The Federal Reserve Bank decided to make an emergency move this evening and cut the bank lending rate to 3.25 percent from the 3.50 percent it was at earlier. This move made by the Fed was meant to “try” and create some stability in the financial [...]
Posted in ECB, Economics, U.S. dollar, U.S. stocks, tagged dollar, ECB, Euro, federal reserve, interest rates, monetary policy, usd on March 11, 2008 | No Comments »
The Federal Reserve moved today to add liquidity to the markets by announcing a series of actions with other central banks to help improve liquidity and lending for the markets. The Fed are taking this coordinated action without cutting interest rates due in part of rising inflation. US markets showed instant gratification in pre-market [...]
Posted in Euro, Price patterns, U.S. dollar, tagged eur/usd on February 14, 2008 | No Comments »
EUR/USD continues its bounce, and today the Stochastics crooked up - and out of oversold - on the 3 green arrow (Workshop) study set. If the pair was just above its moving average that would be perfect. But that’s the problem. The pair, technically, is not uptrending. It’s in a bit of a funk, [...]
Posted in Euro, U.S. dollar, tagged bounce, dollar, eur, Euro, usd on February 13, 2008 | No Comments »
By the way the euro did get it bounce versus the buck. That means it’s time to buy the EUR/USD if all three of these conditions are met:
1. You consider the pair to be uptrending according to however you’ve decided to define the trend. That could be higher highs/lows, price is above a [...]
Posted in Canadian dollar, Economics, Euro, U.S. dollar, tagged dollar, Economics, Euro, G7, group of seven, loonie on February 11, 2008 | No Comments »
The Group of Seven (G7) nations - France, Germany, Italy, Canada, Japan, United Kingdom, United States of America - met this weekend. The finance ministers of these countries meet a few times a year to discuss their own, and the global, economy.
Sometimes this is a bigger event than other times. For example, many months [...]
Posted in Euro, U.S. dollar, tagged dollar, Euro on February 7, 2008 | No Comments »
We’ve seen these type of stories before, but here is another from Reuters (click link to read the whole thing):
[...]
Posted in Euro, Price patterns, U.S. dollar, U.S. stocks, tagged dollar, usd, eur, price pattern, forex, Euro, stocks, resistance, Economics, triangle, eur/usd, bearish, bearishness, wall street, ascending triangle on February 5, 2008 | No Comments »
Stocks got a HUGE “denied” today as they failed to overcome former support/now resistance (was the old head and shoulders neckline) and came down forcibly from it. See the green oval on the lefthand chart.
This is a classic “retest”, having broken out from a technical level. What does it mean for the pairs? [...]
Posted in Australian dollar, Euro, Japanese yen, U.S. dollar, tagged aud, aussie, australia, forex on February 4, 2008 | No Comments »
The hunt for a reversal candle came up empty. Rather, the AUD/JPY broke out to the topside. Wow! Technically this is a power move. But I’m leery of it because of my bearish posture toward global economic fundamentals.
The breakout also happens on the EUR/AUD and that looks cool too, but yikes, trading bearish [...]
Posted in Australian dollar, Euro, Japanese yen, U.S. dollar, tagged Fed, forex, interest rates on January 31, 2008 | 2 Comments »
The scoop on the Fed is that they lowered rates 0.50% and said more were to come. Obviously that is bearish for the dollar and can be bullish for carry trades too since it is a balm for economic pain. Were it so simple to “fix” economies. Yesterday afternoon U.S. stocks sunk as bad [...]
Posted in Euro, Price patterns, U.S. dollar, tagged dollar, double top, eur, eur/usd, Euro, forex, usd on January 25, 2008 | 3 Comments »
The recent turmoil we’ve seen in stocks, the fears of recession, then the bounce back … they’ve taken their toll on EUR/USD. The euro, riding a wave of optimism over the economic strength of the eurozone, has stalled. It’s seen in the two peaks the pair made in November and this month: instead of [...]
FX Pup Lessons
Posted in Audio commentary, British pound, Japanese yen, U.S. dollar, tagged FX Lesson, pound, trading system, yen on April 21, 2008 | 4 Comments »
A lesson on trading with the stochastic indicator on the GBP/JPY by: James ‘Big Dog’ Boyd.
The stochastic is a great tool to monitor the trade to see how much room we have left to go up or down. The stochastic again tells us the bullish or bearish sentiment in the trade. In this example we look [...]
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