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 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, 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 Euro, Swiss franc, U.S. dollar, U.S. stocks, tagged chf, dollar, dollar weakness, eur, Euro, forex, franc, stocks, strength, usd on January 18, 2008 | No Comments »
So the EUR/USD super trend has stalled. Will it regain its pace?
It’s in murky waters. The dollar is, without a doubt, weak. Evidence is seen on $TNX - as it falls, 10 years yields (rates) are falling, which hurts the buck. And the buck is already hurting.
In the chart, notice how as EUR/USD rises [...]
Posted in British pound, Japanese yen, Price patterns, U.S. stocks, tagged pound, yen, jpy, gbp, forex, stocks, gbp/jpy, dow, triple top, s&p 500 on January 17, 2008 | 1 Comment »
After the carnage in stocks today (more later), the GBP/JPY is eyeing the downside again. If you traded the pair on the hourly chart, you were stopped out in the last few days. But oh, what a run! And if you gave back too much in gains, time to devise an exit strategy that [...]
Posted in Price patterns, U.S. stocks, tagged flag, forex, price pattern, stocks on December 6, 2007 | No Comments »
Look at stocks go! Pull up $SPX on the daily chart. Man they just shot off today, didn’t they? We were talking about stocks a few posts ago - looks like they found it within themselves to break bullishly out of the micro consolidation they were in. I doesn’t look like much on [...]
Posted in Commodities, Fed, Oil, U.S. stocks, tagged Commodities, dollar, Fed, federal reserve, forex, interview, jim rogers, Oil, usd on December 5, 2007 | No Comments »
Jim Rogers is a bit odd (sorry Jim) in some ways, but a pretty sharp crayon when it comes to the markets. First off, I apologize about the crappy quality of this video, I think someone filmed their TV, yuck. But, it is timely since it is from yesterday, and he has some pretty interesting [...]
Posted in U.S. stocks, tagged forex, resistance, stocks, support on December 5, 2007 | No Comments »
As currencies continue to take their queue from stocks - albeit a bit less lately - it’s interesting to see how stocks have popped in the last several days.
I like to watch the S$P500 ($SPX), and it keeps it simple for me to just watch this index. The price indeed popped up last week, but [...]
Posted in Fed, U.S. stocks, tagged Fed, forex, interest rates, kohn, rate cut, stocks on November 28, 2007 | No Comments »
The Fed (VP Donald Kohn) said today that they would be using
“(these uncertainties require) flexible and pragmatic policymaking — nimble is the adjective I used a few weeks ago.”
and carry trades got a shot in the arm as stocks jumped - no matter that durable goods and housing data came in wimpy, all is [...]
Posted in U.S. stocks, tagged forex, resistance, s&p500, stocks, support on November 26, 2007 | No Comments »
We have to keep keeping an eye on stocks. The S&P500 ($SPX) just broke below its rising support level, which is nasty enough. Now the next level to watch out for is definitely the horizontal support below, which would make this out to be a double top. Remember, stocks [...]
Posted in U.S. stocks, tagged forex, resistance, s&p500, stocks, support on November 19, 2007 | No Comments »
If you’re not keeping an eye on stocks, please do. Most, if not all, of the support and resistance areas in the different pairs right now are driven by stocks. Think of $SPX as a pure form of averaged out support or resistance for currencies right now.
Stocks AND most currencies continue to be weighed [...]
Posted in U.S. stocks, tagged break, carry, foex, poem, poetry, resistance, robert frost, stocks, support on November 15, 2007 | No Comments »
Stocks aren’t getting much of a bounce from support this time around. I have them pegged in a channel downward. A break in support below (red bubble) will drive most currencies, such as the carry, down down down. A break higher through the channel resistance (green bubble) will give them breathing room until hitting [...]
Posted in Funny, U.S. stocks, tagged carry, forex, stocks, Carry trade, U.S. stocks, Risk, support, world clock on November 13, 2007 | 1 Comment »
Heads up, stocks are at a long term support level. What’s at stake? Life as we know it. If we crack below, then we challenge the last low which, over the long term on the weekly chart, defines the long term trend. Yikes. Note that stocks are heavily oversold, which correlates to carry being oversold. [...]
Friday’s InvestoolsFX Audio Commentary
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??? – [...]
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