DAILY FORECAST FOR AUDUSD Bias: I feel there is a good chance 0.9175 will caps for losses. While losses weren’t that convincing yesterday I still prefer to retain a bearish outlook but will need to watch two areas. While 0.9150 supports there may be a small chance that we’ll see a push back above 0.9183-93 [...] [...more]
2009-11-30: U.S Non-Farm Payrolls Week BeginsAs the Crises in Dubai created some volatility in the market approaching the weekend, the affect of this story appears to have eased at the moment. Currently the most important data this week looks to be the U.S Non-Farm Employment Change expected on Friday. This publication usually creates unique opportunities [...] [...more]
2009-11-30: U.S Non-Farm Payrolls Week BeginsAs the Crises in Dubai created some volatility in the market approaching the weekend, the affect of this story appears to have eased at the moment. Currently the most important data this week looks to be the U.S Non-Farm Employment Change expected on Friday. This publication usually creates unique opportunities [...] [...more]
DAILY FORECAST FOR GBPUSD Bias: Overall I feel we should see early losses and should then watch key supports I feel the downside is the larger risk although we have to be careful in the early stages today. There is resistance right where price is as I write – in the 1.6574-80 area. While this [...] [...more]
2009-11-27: The U.S Dollar Rises Amid Dubai Debt Concerns. Fears of a potential default in Dubai sent shock waves through financial markets Thursday, weighing on European and Asian equities and pulling the U.S. Dollar off of recent lows as investors sought out safe havens. Analysts said Dubai’s woes were a blow to sentiment, serving as [...] [...more]
2009-11-27: The U.S Dollar Rises Amid Dubai Debt Concerns. Fears of a potential default in Dubai sent shock waves through financial markets Thursday, weighing on European and Asian equities and pulling the U.S. Dollar off of recent lows as investors sought out safe havens. Analysts said Dubai’s woes were a blow to sentiment, serving as [...] [...more]
DAILY FORECAST FOR EURUSD Bias: In the larger picture I am now more bearish but with momentum mixed I am allowing for a test of 1.5200 With price having reached the 1.5146 target (less 3 pips) the larger picture is now bearish. The only risk is a second push to 1.5190-10 before this tops out [...] [...more]
2009-11-26: Rally in Equities Pushes Investors to Riskier AssetsThe Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the U.S. [...] [...more]
2009-11-26: Rally in Equities Pushes Investors to Riskier AssetsThe Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the U.S. [...] [...more]
2009-11-25: Dollar Sentiment Down on Recovery Concerns Dollar remained mainly within range against the EUR Tuesday, however, Dollar sentiment dampened after statements from the Federal Reserve saying they believe the economy is going to recover at a slow pace and that unemployment will remain high well into 2011. USDThe USD held on to modest gains [...] [...more]
