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Forex Week Sept 30 2013 – Sideways Market
The Forex markets were again somewhat benign when it came to direction over the last week, and was especially true in the EUR/USD pair. The market simply seems ready to sit at the 1.35 level, an area that has been attractive to traders time and time again. This “market memory” seems to be pretty well […]
Read Some MoreForex Markets for the Week of March 25, 2013 – A Run On Cyprus Banks?
The Forex markets spent most of the previous week dealing with the fears of a Cypriot banking implosion. The week saw several attempts at fixing the situation, and headlines pushed the markets back and forth. Nowhere was this more obvious than in the EUR/USD pair. The 1.30 level has acted like a magnet, and as […]
Read Some MoreForex During the Week of February 28th, 2013 – Round And Round We Go
Looking 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 MoreWeekly Outlook for the week of February 11 2013
Over 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 MoreForex Markets for the week of February 4th 2013
The 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 MoreForex Markets For The Week Commencing January 28, 2013
For 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 MoreEuro, Yen, and Commodity Currencies for the week of January 14th 2013
During 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 MoreHoliday Trading in the Forex Markets December 24th 2012 and Beyond
One of the most difficult weeks to trade Forex is the week of Christmas. This is because most of the professional traders out there simply will not be at work, so the liquidity gets to be very thin. Generally, this extends all the way to about the end of the first week of January, when […]
Read Some MoreA “Santa Claus” Rally in the FX Markets for the Week of December 10 2012?
Over the course of the last several sessions, we have seen quite a bit of back-and-forth volatility in the Forex markets as the so-called “fiscal cliff” talks continue to worry most traders out there. The truth is that the stock markets have been able to ignore a lot of this noise, but the Forex markets […]
Read Some MoreExpect Volatility for the Upcoming December 3rd 2012 FX Week
Unfortunately, we cannot write about the upcoming week in the FX markets without mentioning the US “fiscal cliff” drama again. With this being said, there is a high probability that we will get headlines during the week that will push the markets around back and forth. We are simply going to be stuck in a […]
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