Category: Forex Trading
The analysis published under this category are as follows.
Friday, November 15, 2013
Currency Wars Redux – is USD next? / Currencies / Forex Trading
By: Submissions
Who wants a strong currency? If that question was for an opinion poll of finance ministers and central bankers the response would be a firm no. But in reality no poll is needed. The last couple of weeks’ action has spoken louder than words.
Forex traders were once again reminded that when a currency makes strong gains the chances of verbal or monetary intervention are probably not far off. Losses on long positions can swiftly follow. Those long USD should be cautious.
Read full article... Read full article...
Sunday, November 10, 2013
Large Speculators turn Bullish on US Dollar Bets in Forex Futures data / Currencies / Forex Trading
By: CountingPips
The latest data for the weekly Commitments of Traders (COT) report was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures speculators turned bullish on the US dollar last week after four straight weeks of bearish positions.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $7.02 billion as of Tuesday November 5th. This was a weekly change of $10.17 billion from the total position of $-3.146 billion that was registered on October 29th, according to data from Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
Read full article... Read full article...
Sunday, November 03, 2013
Large Forex Speculators Were Bearish on US Dollar Into Late October Bottom, COT Report / Currencies / Forex Trading
By: CountingPips
The latest data for the weekly Commitments of Traders (COT) report was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures speculators turned bearish on the US dollar on October 8th and then registered three straight weeks of bearish positions through October 22nd.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling $-3.64 billion as of Tuesday October 22nd. This was a weekly change of $-2.4 billion from the total position of $-1.24 billion that was registered on October 15th, according to data from Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
Read full article... Read full article...
Tuesday, September 24, 2013
USD-CHF Bearish Waves Are Pointing Towards 0.9050 / Currencies / Forex Trading
By: Gregor_Horvat
USDCHF is showing some nice sharp downside price action after recent sharp fall to 0.9100 area which appears to be wave three of three of an impulsive structure. If that's the case then we know that market will move even lower in sessions ahead but after a completed fourth wave pull-back that is now in progress. Ideally pair will test 0.9150 area before downtrend resumes. Generally speaking trend is clearly bearish on the 4h time frame posted below and it will stay down as long as 0.9228 level is not breached because we know that wave four must not trade into a temerity of a wave one.
Read full article... Read full article...
Monday, September 09, 2013
EUR-USD Already Bearish; GBP-USD Bears Yet To Come / Currencies / Forex Trading
By: Gregor_Horvat
EURUSD found a support on Friday after NFP report around 1.3100 area from where we have seen more than 80 pip rally back to the wave 2-wave 4 trendline. Usually when this occurs it means that five wave decline is complete and that market reversed into a temporary correction.
Wednesday, September 04, 2013
USDCHF Elliott Wave Forecast - Could Test 1.0000 By 2013 End / Currencies / Forex Trading
By: Gregor_Horvat
USDCHF: Sharp reversal in 2011 from 0.7000 area is impulsive leg, and we know that impulses show direction of a current trend. As such, we think that pair is now bullish for minimum three wave rise; A)-B)-C). In the last few months we have seen a slow and choppy price action in 0.8900-1.0000 range which now seems to be a contracting triangle placed in wave B). We can already count five waves within this pattern so traders must be aware for a push higher into wave C) later this year.Read full article... Read full article...
Monday, September 02, 2013
U.S. Dollar Index Strength Suggests Lower Euro and GBP Ahead / Currencies / Forex Trading
By: Gregor_Horvat
Markets gapped on Sunday againts the USD after the U.S. President Barack Obama delayed a military strike against Syria by requesting authorization first from an incredulous Congress. From a technical perspective the wave patterns and direction did not change much. We are bullish on USD, it means we expect weaker majors, such as EUR, GBP, CHF, AUD and even JPY. Read full article... Read full article...
Monday, August 26, 2013
Tracking USD Long Set-Ups While EUR Is Below 1.3450 and USDCHF above 0.9145 / Currencies / Forex Trading
By: Gregor_Horvat
We can see some USD strength at the start of this European morning coming back into the market which has been expected based on the latest intraday price action. We were looking for a three wave move down on USDCHF with our members, and so far we can see that pair found a bottom nicely around 0.9190 from where we can see some encouraging upside reaction. Looks like we could be heading back to 0.9290, and possibly 0.9330 this week.
Read full article... Read full article...
Thursday, August 15, 2013
USDCAD Elliott Wave Analysis - Short-term Pointing Towards 1.0120-1.0150 / Currencies / Forex Trading
By: Gregor_Horvat
USDCAD reversed sharply to the downside at the end of the last week, clearly in impulsive fashion, so structure is now pointing for weaker USDCAD if we consider that rally from 1.0243 was made in three legs, called a correction. We are talking about wave B that has a high in place at 1.0442 from where we expect an impulsive extension down in wave C, back to 1.0243 and possibly even to 1.0150 in this week while 1.0442 is not breached. Recently minor correction has stopped at 1.0350-1.0370 resistance zone from where weakness could resume.
Read full article... Read full article...
Wednesday, August 14, 2013
U.S. Dollar Climbing vs. YEN / Currencies / Forex Trading
By: Mike_Paulenoff
Weaker than expected, Japanese growth and new Mr. Abe’s comments that he is thinking about reducing the corporate tax rate to help offset the sales tax hike apparently has convinced all the naysayers that a weaker YEN still is very much part of the Abe "construction" plan.
Read full article... Read full article...
Monday, July 29, 2013
Learn Forex Trading Event Last Day! / Currencies / Forex Trading
By: EWI
Dear Forex Trader,
For the past two weeks,EUR/USD has moved mostly sideways. It's been -- for lack of a better word -- boring.
Yet, you may know from your own experience that the longer a consolidation takes, the faster and farther the price jumps once it ends.
Read full article... Read full article...
Thursday, July 25, 2013
The 5-5-5 Forex Trading Event / Currencies / Forex Trading
By: EWI
Dear Forex Trader,
For the past two weeks,EUR/USD has moved mostly sideways. It's been -- for lack of a better word -- boring.
Yet, you may know from your own experience that the longer a consolidation takes, the faster and farther the price jumps once it ends.
Read full article... Read full article...
Tuesday, July 16, 2013
The Best Currencies to Invest in for 2013 / Currencies / Forex Trading
By: Money_Morning
Don Miller writes: Currency markets in the first half of 2013 have been roiled by central bankers' delusional efforts to prop up their lackluster economies.
That means the best currencies to invest in for 2013 - or, the remainder of the year - will be in Asia and Canada - countries where the governments have refused to engage in debasing their currencies in a "race to the bottom."
Read full article... Read full article...
Wednesday, June 12, 2013
Fierce Selloff in Emerging Market Currencies; India Panic Intervention to Stop Rupee Crash... / Currencies / Forex Trading
By: Mike_Shedlock
... Brazil Steps Up Real Intervention; Root Cause of Crisis
It's hard not to laugh at the irony of recent central bank currency actions.
-
After complaining for years about the strength of the Real, the Brazilian central bank stepped up intervention actions hoping to stop a plunge in the currency.
-
Turkey now attempts to attract capital after taking measures for the past four years to stop the flow of money into the country.
Monday, May 20, 2013
Gold, US Dollar Index and 3 Currency Market Forecasts / Currencies / Forex Trading
By: David_Petch
This article was posted for the benefit of subscribers on Wednesday, May 15th, 2013. I have included one Elliott Wave count of gold at the very end...it is not important to understand the wave count, just the implied direction, which should be hinted at the US Dollar Index. I was following a pattern for 5 years that changed due to one small thing that happened and was discussed for a few months now. Since it happened, it was a game changer and has important consequences for everything going forward. The Contracting Fibonacci Spiral that I discovered nearly two years ago is approaching its extended time post of May 21st, 2013 and if it extends further, the potential downside will be faster and see a compression in time for what the potential downside is. I would encourage everyone to at least read this article and try to understand the big picture, because it is one of the most important articles I have written in the past two years.
Thursday, May 16, 2013
USD/CHF: Corrective Pull-back Within Uptrend Elliott Wave Forecast / Currencies / Forex Trading
By: ForexPros
USD/CHF reversed lower yesterday from around 0.9750 which however is not a surprise if we respect the structure from 0.9242 which was clearly made in five waves, and we know that after every five waves correction follows.
Read full article... Read full article...
Monday, March 04, 2013
The Best Way to Trade the Currency Wars / Currencies / Forex Trading
By: Money_Morning
Shah Gilani writes: The world may not be engaged in a currency war yet, but it is engaged in a growth war.
With domestic demand in most home countries anemic to moderate, the universal objective is growth by exports.
Unfortunately, countries doing battle in the growth-by-exports wars end up skirmishing in the foreign exchange markets. That's because every country that wants to export its goods and services wants them to be relatively cheap compared to its global competitors.
Read full article... Read full article...
Monday, January 28, 2013
Surprising Winner of the Currency Wars / Currencies / Forex Trading
By: Money_Morning
Martin Hutchinson writes: It's war by other means. With the Bank of Japan now buying government bonds and targeting an inflation rate of 2%, a global race to the bottom is on again.
Along with the Fed's commitment to "quantitative easing" and the ECB's promise to buy dodgy Mediterranean economies' bonds, Japan's latest move has sparked new fears of a currency war.
Read full article... Read full article...
Saturday, January 26, 2013
Currency Wars and ECB's Shrinking Balance Sheet / Currencies / Forex Trading
By: Ashraf_Laidi
Are the euro's gains just starting as the ECB balance sheet shrinks further from LTRO repayment?
278 European banks have repaid €137 bn in the first LTRO operation, which raised € 489 bn in December 2012. LTRO-2 from February 2012 now receive a repayment of about €250 bn.On today's announcement, Spanish 10-year yield saw its biggest decline of all Eurozone bonds, losing 15 bps versus a mere 3 bps for its Italian counterpart. This is partly explained by the fact that Spanish banks were the biggest borrowers in LTRO-1 lending, accounting for 41% of total take-up, compared to 25% from Italian banks.
Read full article... Read full article...
Friday, January 25, 2013
The Best Currencies to Invest in for 2013 / Currencies / Forex Trading
By: Money_Morning
Larry D. Spears writes: The best currencies to invest in for 2013 come from Asia, South America, Australia - but not the United States.
The Federal Reserve's misguided insistence on a loose monetary policy, ongoing resistance to government spending cuts, and another increase in the U.S. debt ceiling will all conspire to boost inflationary pressures and restrain the value of the U.S. dollar.
Read full article... Read full article...