Oil was one of the weakest markets for the past few trading days. Today is down more than 1.50%, despite US dollar weakness that we are seeing across the board, driving by higher stock market. However, on the next Daily overlay chart between the S&P and oil prices you can see that these two markets … “Does Lower Oil Signal For Stocks Reversal!?”
Category: Opinions
Aud/Usd: Coming Weakness (Elliott Wave)
Aud/Usd reversed very nicely from the 1.0070 resistance region, exactly after the market tested 61.8% Fibonacci retracement area. Upward bounce from 0.9802 was clearly made in three wave formation, and current sharp 140 pips of decline suggests that top of a black wave 2/B is in. As such, traders should now focus on more bears … “Aud/Usd: Coming Weakness (Elliott Wave)”
Video – Key Events and Technical Levels
In the weekly interview on Forex TV, I spoke with Julie Sinha about key events this week and technical level of three pairs – EUR/USD, GBP/USD and AUD/USD. This is an eventful week for the British pound in particular. Enjoy! British inflation is above target, but the labor market is also suffering. Will we see … “Video – Key Events and Technical Levels”
The Long Trend for GB
How should we regard the UK Claimant Count Figures due Weds 0930 GMT? There could be a temporary dip in the count, but will this actually mean unemployment has gone done, or more importantly that more people are economically active? Guest post by Bob Nielsen People are thrown off the count for transgressions of the complex … “The Long Trend for GB”
5 Reasons to Doubt the Euro Rally
EUR/USD made a remarkable recovery in the past week, but it didn’t manage to break above critical resistance. Is this a sign? Or is the common currency taking it step by step? 5 reasons to challenge this rise. 1. Portugal At the beginning of the week, Portugal seemed to be very close to getting a … “5 Reasons to Doubt the Euro Rally”
EUR/USD-Selling The Pull-backs (Elliott Wave)
European stocks are higher today, and helped some major currencies to hold the support against the US dollar. Over the past few sessions we could also saw some of Eur recovery, supported by the comments coming from Japan which may buy 20% of euro zone bonds in this month to help the Europe in debt … “EUR/USD-Selling The Pull-backs (Elliott Wave)”
Video – EUR/USD, GBP/USD, USD/JPY and Key Events
In the weekly interview on Forex TV, I spoke about the main events facing us this week, the upcoming bailout for Portugal and also discussed three pairs:EUR/USD, GBP/USD and USD/JPY. This includes technical levels and the events that have an impact on them. Enjoy! The pressure is mounting on Portugal to take a bailout. The … “Video – EUR/USD, GBP/USD, USD/JPY and Key Events”
Eur/Usd Triangle-Follow Up
Triangle formation is acting very well so far, as the Eur fell quite sharply yesterday against the US dollar down to 1.3120 region. You will notice that pair found the base exactly at the lower support line of a triangle, so a pull-back will likely appear from this region into a wave E, final leg … “Eur/Usd Triangle-Follow Up”
Non-Farm Payrolls Preview – High Hopes
2011 begins with the last Non-Farm Payrolls report for 2010, and it will probably be a good one. Here’s what to look out for, and how it will impact currencies. The last Non-Farm Payrolls report, for November, was terrible. Only 39,000 were added, with weakness in all sectors. The expectations were for a much stronger … “Non-Farm Payrolls Preview – High Hopes”
11 Forex Predictions for 2011
Exciting 2010 is behind us, and it’s time to discuss what can happen in 2011. Here are the expectations for currency movements and also for trends in forex trading. It’s very hard to make predictions for a full year, because so much can happen, but there are some trends that can continue or fade away. … “11 Forex Predictions for 2011”