In this video I present two of my pics for today’s trading. That is usd/chf short signal according to my range trading strategy and gbp/chf short signal according to my breakout strategy. Sorry for the sound in my first videos. I hope I will improve with time. So turn up the volume please when you [...]
ECB and BOE Hold Steady, Market Remain in Ranges Thursday – November 5th, 2009 Recap: The Bank of England held its benchmark interest rate steady but expanded the size of its quantitative easing program by 25 billion. The ECB announcement held little in the way of surprises, and currency markets remained mainly withing their pre-existing [...]
Unemployment Rate Jump to 10.2%, Yen Gains on Rivals Friday – November 6th, 2009 Recap: The US nonfarm payroll report showed 190K jobs lost in October, a figure that was worse that expected while the unemployment rate rose to 10.2%. The Euro and Pound stuck to its recent ranges while the Yen gained following the [...]
Carry Trade Pairs Jump As US Gov’t Takes Over Fannie Mae and Freddie Mac, Dollar Continues Gains vs Euro, Pound Monday, September 8th, 2008 News over the weekend that the Treasury Dept. was going to take over Fannie Mae and Freddie Mac caused carry trade pairs to gap on the side of higher-yielders. The Yen [...]
Pound Pressured by Weak Economy, Euro Boosted by ECB Official’s Comments, US Sees Strong Durable Goods Orders Wednesday, August 27th, 2008 The Pound plunged against its main rivals, continuing a trend started with the BoE’s last meeting. The Euro rose overnight following hawkish comments from ECB council member Axel Weber. The Dollar, weaker overnight, strengthened [...]
Dollar Counter-Rallies vs Rivals, Oil Falls Below $37 Thursday, December 18th, 2008 The Dollar rose against its main rivals following a week of heavy losses. The Pound swung 700 pips lower from its high near 1.56 against the Euro and set a fresh record low against the Euro. The commodity bloc of currencies retreated against [...]
Euro Climbs to Highest vs Dollar Since Lehman Collapse Tuesday – October 13th, 2009 Recap: The Euro rose to a new high for the year against the greenback, while the Pound held at support near 1.57. The Canadian Dollar meanwhile inched closer to parity coming close to a 14-month high vs the greenback at 1.0275. [...]
Greenback Gains as Markets See Retracement of Recent Rally Friday, March 20th, 2009 Recap: The Dollar finished higher against its main rivals as traders pared part of the moves seen the last two sessions which has seen the greenback sold off. In Europe, industrial production fell by a record annual rate in January while Canadian [...]
Greenback Gains on Reverse in US Equities, Euro Slides Sharply Following Failed Test of 1.5050 Monday – October 26th, 2009 Recap: The greenback rallied against the Euro following a failed test of resistance at the 1.5050 level. The Canadian Dollar also slid as stocks in the US were weaker, commodities fell and BOC Governor reiterated [...]
Data Shows Euro Officially in Recession Pressuring Euro Friday, November 14th, 2008 GDP data from the Euro-zone showed growth down 0.2% putting the economy into the official definition of recession. The Euro was pressured against the Dollar and its other rivals. With US stocks down today, the Yen gained on the greenback. News Provided by [...]
