In an interview on Forex TV, I spoke with Tim Kelly about the short and long term impact of the catastrophic earthquake in Japan on USD/JPY. In addition, we discussed the opposing forces moving EUR/USD and where it will be in the next few weeks, among other topics. Enjoy! More than a thousand people were … “[Video] Earthquake and Yen, EUR/USD Forces and More”
Category: Opinions
EUR/USD: Correction or Something Bigger?
Eur/Usd reached new lows in recent sessions, mostly driven by lower stocks prices. We see evidence of a deeper price action on Eur/Usd, especially since the pair also broke through the lower support line of a previous bullish channel. As you can see on the chart, the pair is breaking into a third wave of … “EUR/USD: Correction or Something Bigger?”
USD/CHF Eyeing New Lows
Usd/Chf moved lower in recent hours, actually since the Consumer Price Index numbers came out +0.4% as Swiss Statistics reported. The pair lost almost 100 pips from recent 0.9370 highs. In fact, this move lower appears to be only a start of an impulsive decline headed towards the previous lows. Guest post by Gregor Horvat … “USD/CHF Eyeing New Lows”
Usd/Jpy Triangle, bearish breakout to come!
Three-wave structures are shown on a daily chart, with the trapped price action between 80.30 support and 84.00/40 resistance region for some time now. We know that three-wave formations are corrective waves, and as such, the whole price structure since October 2010 must be a corrective pattern, that may finish soon. Wave E, final leg … “Usd/Jpy Triangle, bearish breakout to come!”
Will Eur gain against Cad and Aud!?
Hello Traders! Today we will take a look at Eur/Cad and Eur/Aud crosses, where Euro appears to be the strongest currency. In fact the recent price action suggests that Euro may gain even more against Australian and Canadian dollar. Well, if the US stocks will continue lower, then lower Aud and Cad definitely can be the … “Will Eur gain against Cad and Aud!?”
The risk of an ECB about turn
Quite a few parallels are being drawn between the current situation with food and energy prices and that being seen in 2008. Food prices, looking in absolute but general terms (i.e. the Economist index) are now higher than was the case back then. Food price inflation isn’t as high, but is certainly moving up. Guest … “The risk of an ECB about turn”
Gold Targeting 1430, 1440
Gold has been the safe haven investment for a Long time, and now nothing is different, the market is targeting new All-time highs! As we can see on the chart below, wave (iii) has found the top around 1418 region in the past week from where prices moved lower, but only into a wave (iv). … “Gold Targeting 1430, 1440”
Unemployment Rate Under 9%? Non-Farm Payrolls Preview
Expectations are high once again for February’s Non-Farm Payrolls. We’re likely to see a gain in jobs that will catch up with the falling unemployment rate. Will this reverse the dollar’s losses? Non-Farm Payrolls preview. There are many positive signs in the US economy: weekly unemployment claims fell under 400K once again, and the 4-week … “Unemployment Rate Under 9%? Non-Farm Payrolls Preview”
Elliott Wave Video- Detailed Look At Cad/Jpy and Chf/Jpy
In the next video we will discuss about Cad/Jpy and Chf/Jpy where both pairs are trapped in a corrective phase already for more than two years now. In the video below will make a detailed technical outlook for these two pairs, and where prices are likely headed in the next few months. The method that … “Elliott Wave Video- Detailed Look At Cad/Jpy and Chf/Jpy”
FX Pairs Mirror Oil Concern
Surging oil prices and a ravenous German economic growth rate, contributes towards a looming shadow of Euro Zone inflation. As a result, market sentiment is rife with conjecture surrounding a Euro interest rate adjustment and increasingly tied to the utterances of ECB members. ECB member, Yves Mersch shifted market balance towards a potential interest rate … “FX Pairs Mirror Oil Concern”