Guest post by Jason Madison, independent trader and founder ofBeatWallStreetNow.com Hello All, I hope you found the inside candle breakout technique I showed to be useful, and I hope some of your went on to use it to make a few pips for yourselves. Today I am going to show you how I used this … “Inside Candle Breakout Technique for Profit on EUR/USD”
Category: Opinions
Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US dollar index gave us signs of this breakout last week. Now it happens. You can guess which currency stands firm against the dollar. A sustainable … “Dollar Bulls Raging – Will the trend continue?”
Britain Hardly Grows – Support Line at Risk
British GDP rose by 0.2% in the first quarter of 2010, half the early expectations. GBP/USD reacts with a drop around the support line. Economists expected a rise of 0.4% in Britain’s GDP, exactly as in Q4 of 2009. This is the first release of GDP for this period, and it may be revised. In … “Britain Hardly Grows – Support Line at Risk”
Dollar Index Shooting Up
Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture. After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the … “Dollar Index Shooting Up”
Excellent Employment Figures – Not Necessarily Pound Friendly
For a second month in a row, British employment figures were superb – Claimant Count Charge showed that 32,900 got back to work, and also last month’s figure was upgraded. While this is normally good news for the currency, the delicate timing could turn it into a burden. Here’s why. Also yesterday’s inflation figures came … “Excellent Employment Figures – Not Necessarily Pound Friendly”
Canadian Dollar Jumps – Road to Rate Hike Open
The Bank of Canada didn’t move the rates, but removed the comment regarding no rate hike till the end of Q2. A rate hike in the next meeting looks very probable. USD/CAD is below parity once again. Update on this strong currency. While Mark Carney’s BOC left the main interest rate, the Overnight Rate, unchanged, … “Canadian Dollar Jumps – Road to Rate Hike Open”
GBP/USD Closes Gap and Pushes Higher On Inflation
British CPI came out higher than expected, with consumer prices rising by an annual rate of 3.4%. This fueled GBP/USD – it closed the weekend gap and broke above a critical line. Will it continue riding north? British CPI rose from an annual rate of 3% to 3.4%, getting close to this year’s high of … “GBP/USD Closes Gap and Pushes Higher On Inflation”
Will European Figures Beat Greek Fears?
The German ZEW economic sentiment rose to 53 points, far better than expected. This helps EUR/USD stabilize after a few bad days. Other figures also shined on the Euro. Will the figures overcome the Greek fears? Update on the factors moving the Euro. After 6 months of drops, some of them which were a big … “Will European Figures Beat Greek Fears?”
Goldman Sachs fad, Critical Week for Pound and Loonie
On the weekly interview with Julie Sinha on Forex TV, I reviewed this week’s events, focusing on the Canadian dollar and the British Pound and seeing Goldman Sachs as a temporary influence on the markets, but the Greek troubles still being very relevant. And there’s more. Enjoy! Want to see what other traders are doing … “Goldman Sachs fad, Critical Week for Pound and Loonie”
Dollar Builds on Housing Figures
Both building permits and housing starts came out better than expected.. This data might save the dollar from a very bad week. I’ve already written that American housing is off the bottom. Now it took one step forward. American building permits printed 690K, the best since October 2008, at the height of the crisis. This … “Dollar Builds on Housing Figures”