During the previous week, we have seen a substantial and sustained sprint towards the perceived safety of the US dollar. The markets have been rocked by the Italian elections, and the inability to pick a government by the populace. Essentially, there is a “hung parliament” in Rome at the moment, and nobody seems willing to form a coalition. […]
Read Some MoreLooking at the past week, we saw a lot of noise in the Forex markets. By far, the biggest amount of noise came from the Federal Reserve and its release of the minutes from last month’s meeting. The release showed that several members of the FMOC suggested there were parameters to cut back on the […]
Read Some MoreLooking at the upcoming week, it doesn’t take much to imagine that there will be some volatility. After all, we’ve seen the markets move quite rapidly in both directions, as we go from a “risk on” to a “risk off” type of environment. One of the biggest problems that we have going right now as […]
Read Some MoreOver the course of the last week, we have seen quite a few changes in the attitude of central banks and watched the Forex markets react accordingly. Early in the week on Monday, we saw the Reserve Bank of Australia hold its rates, which suggests that perhaps the Aussie economy is starting to lose steam. […]
Read Some MoreThe Forex markets had a few interesting turns this past week, and without a doubt the most important one would have been the EUR/USD closing above the 1.35 level. This confirmed a suspicion of ours about an inverted head and shoulders pattern with the neckline being at the 1.35 level. Because of this, the EUR/USD […]
Read Some MoreFor most of you, the idea that the Forex markets weren’t always chaotic is probably far fetched. However, I can assure you that it wasn’t always like it is currently, and as a result a lot of good traders have been blown out over the last couple of years. However, there is good news on […]
Read Some MoreThe past week in Forex was an interesting one, featuring a lot of moving parts as usual. The Japanese Yen continued to get pummeled, and the Pound joined the ranks of walking dead towards the end of the week. In fact, the GBP/USD pair is looking very interesting after a serious fall on Friday, as […]
Read Some MoreDuring the past week, we have seen quite a bit of movement in the Forex market. The most obvious place to start is in the Euro, as the EUR/USD pair has absolutely taken off like it had been sitting on a launch pad at Cape Canaveral. The move was predicated mainly upon what the European […]
Read Some MoreOver the course of the last five sessions we have seen quite a bit of action in the FX markets. However, it should be kept in mind that the first week of January is still a relatively light week as far as volume is concerned. Additionally there is the fact that the Non-Farm Payroll numbers […]
Read Some MoreDuring the last week, the markets were essentially negative. There are various reasons for this, and as a result it makes for a fairly difficult environment. One of the biggest reasons is that the holiday hours will have had most major players sitting on the sidelines and waiting until January to return. This time of […]
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