Jean-Claude Trichet’s press conference after the rate decision holds high hopes – according to a hint he made and comments from several market officials, he might introduce a massive quantitative easing program – buying bonds of peripherals Euro-zone countries in hundreds of billions of Euros and lowering their yields. Lower yields will ease the markets and allow … “French Style QE? Not So Fast”
Category: Opinions
GBP/USD – Impulsive Decline Underway!? Elliot Wave Analysis
Cable fell sharply in the past week when US dollar gained across the board. Price broke through the support channel line connected from 1.5299, September lows which was a key breakout for a change in trend. As such we believe that an impulse structure is unfolding from 1.6300 region with a red wave 3) in … “GBP/USD – Impulsive Decline Underway!? Elliot Wave Analysis”
Gold: A Corrective Pull-back?!
Gold is trading higher for the past few days, but an upward structure from 1329 lows is showing signs of a corrective recovery after the trend changed direction on 9th of November. Important resistance region that traders should pay attention on for a potential reversal from a wave 2 high, is between 1390-1400 zone. We … “Gold: A Corrective Pull-back?!”
Eur/Usd Targeting 1.2950 And Then 1.2500
Eur/Usd fell sharply during the past few weeks from 1.4279 region, where an impulse wave (C) completed a three wave bounce from 1.1875 region. A decline from the highs is very powerfully, and signals for more weakness ahead since the prices also fell below 1.3330 region, which confirms a bearish scenario and invalidates any bullish … “Eur/Usd Targeting 1.2950 And Then 1.2500”
Forex Portfolio Grows With Volatility
This wild week of action in forex has been good to the forex portfolio, especially to the riskier traders. As you can see below, the forex portfolio has shown nice growth since last week’s report. We had lots of bad news from Europe in the past week, and also rising tensions in the Koreans peninsula. This … “Forex Portfolio Grows With Volatility”
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[Video] Long Euro, Currency Wars, Gold Heights and More
Long Euro? Well, yes. In an interview on Forex TV, Derek Frey discusses the alleviated fear about the Irish crisis, but reminds us that none of the debt laden countries is going to sink into the sea. Speaking with Julie Sinha, the “senior market manipulator” also covers currency wars and lots more. In a previous … “[Video] Long Euro, Currency Wars, Gold Heights and More”
Fundamental Overview Market Movers Last Week 11/22/2010
The U.S. Dollar continued trading higher against most of the major currencies last week, with the exception of the New Zealand Dollar which gained a rather modest+0.6 percent against the Greenback. The previous week’s rumors of an impending default of Irish banks materialized to some extent last week as the Irish financial crisis remained the … “Fundamental Overview Market Movers Last Week 11/22/2010”
EUR/USD Elliot Wave Video – Deep Lows Ahead
US dollar gained sharply in recent sessions as North and South Korea exchanged artillery fire and pushed the risky assets lower. Eur/Usd is testing levels around the 1.3300 August highs and also a weekly support line connected from June lows, where a breakout will signal for more losses in coming weeks, down towards the 1.2600 … “EUR/USD Elliot Wave Video – Deep Lows Ahead”
Your Broker Is Not The Enemy
Over the years I have heard so many traders talk about how brokers are out to get their broker is out to get them. They complain about stops being to wide, platforms freezing, and being stopped out when they feel that they shouldn’t have been. These traders then flood message boards and begin to go … “Your Broker Is Not The Enemy”
Temporary Top for Dollar Index
Risk is on today (higher stocks) on news of Ireland’s bailout package, which however is still not fully confirmed. Stocks may easily trade even higher today and push the US dollar even lower against the majors, since we know that higher stock are positive correlated with the Eur/Usd, Gbp/Usd, Aud/Usd… A current trend is also … “Temporary Top for Dollar Index”