With markets transfixed by the unprecedented developments across the Middle East and North Africa, it is perhaps understandable that the emerging train-wreck that is US fiscal policy is not getting much attention. This is a mistake. Guest post by FxPro An unusual late-night session on Friday resulted in the Republican-led House of Representatives agreeing to chop … “US budget impasse poses a big risk for the dollar”
Category: Opinions
Oil Prices Ready To Gain Towards and Above $93!?-Elliott
Oil prices are higher today after the anti-government protesters rallied in Tripoli’s streets, tribal leaders spoke out against long-time leader Muammar Gaddafi, and army units defected to the opposition as one of the bloodiest revolts in the region, CNBC reported. Oil moved lower in recent weeks, but technically speaking, prices were able to stay above … “Oil Prices Ready To Gain Towards and Above $93!?-Elliott”
Looking at Crosses – Elliott Wave
Hello Traders! Major pairs are very tricky at the moment, with some choppy and mixed signals across the board. It’s not easy to read those patterns right now and as such, we deiced to look at some crosses. On the video below Gregor Horvat will make a detailed outlook on Eur/Aud, Eur/Cad, Eur/Jpy and Gbp/Chf. … “Looking at Crosses – Elliott Wave”
Cable: It’s just a corrective pull-back- Elliott Wave
Cable is in uptrend for a few weeks now, and a recent decline does not signal for any change in trend. In fact, a personality of a current fall from 1.6275 is clearly corrective; slow and choppy waves, which means that larger uptrend is incomplete. As such, on the 4h chart a recent decline is … “Cable: It’s just a corrective pull-back- Elliott Wave”
Dollar Index: Weekly Spike Reversal
After a significant five wave reversal on dollar index from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time … “Dollar Index: Weekly Spike Reversal”
Video – EUR/USD, GBP/USD, AUD/USD and the Egyptian Situation
Speaking on Forex TV with Julie Sinha, I spoke about technical levels for selected pairs, including key levels to watch for. In addition, we discussed teh impact of the events in Egypt on currencies, and some of the important events awaiting us next week. We’re up for a very busy week regarding US and non-US … “Video – EUR/USD, GBP/USD, AUD/USD and the Egyptian Situation”
Even in Forex – Hate the Player, Not the Game
Last week I took on SmartMoney. This week I take on the Prism Money personal finance blog, which is hosted by none other than Reuters, my own employer (it’s a really big company, though, so no, I do not know the author and/or editors responsible). The post in question is Forex folly: Why you shouldn’t be trading … “Even in Forex – Hate the Player, Not the Game”
Portugal Bailout Closer as ECB Stops Buying Bonds
The yields on Portugal’s’ bonds are breaking records, above 7.5%. This can be “blamed” on the European Central Bank, that didn’t buy any bonds in the pat two weeks. Without the support of Jean-Claude Trichet, money becomes very expensive for Portugal. The high lending levels are unsustainable in the long run, and may force an … “Portugal Bailout Closer as ECB Stops Buying Bonds”
Forex Market Interview with Senior Currency Strategist, John Kicklighter
We are pleased to share a forex interview on this week’s major events and forex trends with the senior currency strategist at DailyFX.com, John Kicklighter. John specializes in combining fundamental and technical analysis with money management. John authors a number of regular articles forDailyFX.com, ranging in topics from basic fundamental forecasts for the G10 economies and … “Forex Market Interview with Senior Currency Strategist, John Kicklighter”
Sterling’s rate sensitivity
So should the Bank of England be thinking about raising rates? This is the question that is going to be preoccupying sterling today and tomorrow as the Bank of England meets to discuss interest rates. Guest post by FxPro Statistically, the risks are certainly higher this month. During the MPC’s history, exactly half of rate changes have … “Sterling’s rate sensitivity”