US dollar reversed yesterday from 76.86 region, where a five wave decline from the 81.32 highs may have already found the bottom. The most important fact is that prices moved above the upper resistance line of a trading channel, which usually signals for a change in trend. Guest post by Gregor Horvat As such, further … “Dollar Index outlook ahead the NFP – Elliott wave Video”
Category: Opinions
Less Expectations, Stronger Impact? Non-Farm Payrolls Preview
Non-Farm Payrolls hold fewer expectations, after the past two disappointment. What’s expected, and how will the dollar react? Here’s a preview for the king of forex. This time, the indicators leading towards the Non-Farm Payrolls aren’t as great as last month, but the US economy is still improving. Weekly job claims have had some setbacks. … “Less Expectations, Stronger Impact? Non-Farm Payrolls Preview”
Corrective Reversal on EUR/AUD – Eliott Wave Video
Hello Traders! Euro is showing a very strong picture across the board, already since start of January. This currency is also showing a significant recovery against the Australian dollar, which is quite interesting if we consider that Euro was one of the weakest while the Australian dollar was one of the strongest lcurrencies in 2010. Guest … “Corrective Reversal on EUR/AUD – Eliott Wave Video”
Dollar-Stocks Correlation – Has it Broken Down?
There’s been loads of talk this week about the correlation between stocks and the dollar thanks to an article in the Wall Street Journal and the reactions to it from folks on CNBC and in the blogosphere. The driving idea is that the relationship has broken down of late. Is that really the case? Well, let’s take … “Dollar-Stocks Correlation – Has it Broken Down?”
When Everybody’s Short, Who’s Left to Sell?
Speculators increased their bets against the dollar to the highest level since the beginning of November. Remember what happened then? Are the tables about to turn in favor of the dollar and against the Euro? The weekly report by the CFTC showed that the net short positions against the greenback jumped from 15.06 to 18.2 … “When Everybody’s Short, Who’s Left to Sell?”
Video – Review of EUR/USD Dollar Moves Around the Fed
Julie Sinha reviews the moves of EUR/USD on Forex TV. Traders are cautious towards the FOMC decision. This is causing choppy trading throughout the day. Sinha quotes one analyst that even says it’s “suicidal” to trade the markets before the statement is released to the public. Are you trading the decision? Or waiting for the … “Video – Review of EUR/USD Dollar Moves Around the Fed”
EUR/USD Elliott Wave – Is a Reversal Coming?
Euro has been trading significantly higher for the past two weeks from 1.2870 region, but the price action personality suggests that this is only a temporary recovery. Our bias for this pair is short as long as the market trades below 1.4280 high from October 2010. Guest post by Gregor Horvat In our next video, … “EUR/USD Elliott Wave – Is a Reversal Coming?”
FOMC Preview – Will Inflation Be Mentioned?
The first rate decision in 2011 isn’t expected to bring any dramatic policy change, yet it will rock the dollar, especially if the inflation is mentioned. Here’s a preview for this big event. What’s expected I believe we won’t see any change in the Fed’s policy this time. Only two months passed since the major … “FOMC Preview – Will Inflation Be Mentioned?”
Combining Forex Strategies and Binary Option Trading Systems
The most obvious difference between trading conventional Forex or via Binary Options is that Forex Binary Options expire hourly. Another advantage is that at the end of the hour your profit is fixed at 85%. Regardless of how much the asset moved in either direction, your role is simply to speculate in which direction the … “Combining Forex Strategies and Binary Option Trading Systems”
Reality Bites GB£
Following the shocking news about British economy squeezing in Q4, here’s some advice on what needs to be done in Britain, and what this means for the British pound. Guest post by Bob Nielsen On 19 Jan 11 Yohay posted a brief comment from me titled ‘The Long Trend for GB‘, on the relevance of the … “Reality Bites GB£”