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Prepare For The Upcoming Week: Four Interest Rates Meetings
Written on 6 Sep, 2010 at 1:11 in Forex | viewed 29 times | 0 Comments
The prior week of trading saw some pretty impressing moves, with the main financial indexes making 180-degree turns. The Nasdaq 100 index gained 4.4%, the Russel 2000 rose 4.2%, the S&P 500 added 3.7%, while the Dollar Index lost 0.9% and the 10-year Treasuries fell 1.0% (Futures quotes) Most of these moves came on the [...]... (Continue reading)
Credit Crisis Effects On Unemployment
Written on 5 Sep, 2010 at 14:53 in Forex | viewed 22 times | 0 Comments
I just thought to post this chart, to show a comparison between the effects of the current recession compared to the prior recessions. Chart via NY Time’s Economix... (Continue reading)
Employment Data Calls For An L-Shaped Recovery
Written on 1 Sep, 2010 at 16:48 in Forex | viewed 37 times | 0 Comments
The ADP numbers for the month of August hit the newswires at -10K, meaning that the U.S. economy lost jobs for the first time in 6 months. This release together with the latest macroeconomic data confirms that the U.S. economy is moving away from the recovery path. Going beyond the -10K number, private employment for [...]... (Continue reading)
No Quantitative Easing 2.0 For Now
Written on 31 Aug, 2010 at 22:34 in Forex | viewed 38 times | 0 Comments
Taken as a whole, the minutes show that the Fed is starting to acknowledge that the main macroeconomic indicators are in a visible downtrend. Taking into account the sell-off seen in August in both equities and currencies, this isn’t something new to investors. However, the FOMC minutes hold something very important, outlined in the following [...]... (Continue reading)
A New Opportunity To Buy The Usd On The FOMC Minutes?
Written on 31 Aug, 2010 at 17:37 in Forex | viewed 33 times | 0 Comments
On Tuesday and Wednesday, the macroeconomic calendar is packed with a long list of news releases, but in reality just a few of them really matter and have the strength to influence the market. By a large distance, Tuesday’s FOMC minutes will be the most important. If the Fed sees again evidence that growth in [...]... (Continue reading)
BoJ Aftermath: The Usd/Jpy Will Continue To Decline
Written on 30 Aug, 2010 at 16:56 in Forex | viewed 36 times | 0 Comments
[ForexChaser.com] The Bank of Japan held an unscheduled interest rate meeting during the early hours of the Asian session, but rumors about it surfaced even as of late Friday, taking out some of its surprise element. The unscheduled meeting comes in a very difficult moment for the Bank of Japan: the Usd/Jpy is trading at [...]... (Continue reading)
Free Forex Trading Signal For August 26 2010
Written on 26 Aug, 2010 at 13:36 in Forex | viewed 31 times | 0 Comments
[ForexChaser.com] We are looking again to sell the Aud/Usd, on renewed concerns that the state of the global economy is worsening. We reckon that the Aud/Usd is currently the weakest pair, while the Gbp/Usd looks like the strongest. The trigger for this short trade should be negative S&P 500 futures Last trade, number IS-004 brought [...]... (Continue reading)
The Ability To Read The Market
Written on 26 Aug, 2010 at 1:35 in Forex | viewed 40 times | 0 Comments
[ForexChaser.com] From our point of view one of the most important sides of trading is the ability to “read” the market. Some traders use Fibonacci studies, others price action and so on, but the only thing important is the end result: the messages you get from the market. We are not born with such skills, [...]... (Continue reading)
Free Forex Trading Signal For August 24 2010
Written on 24 Aug, 2010 at 14:03 in Forex | viewed 34 times | 0 Comments
[ForexChaser.com] We are looking to sell the Aud/Usd, once it hits the 0.8870 resistance area. The reason behind this move is that the price action on the daily and 4h charts looks increasingly bearish, at the same time as the S&P 500 futures reached the lowest value in a month. Take care, this a Sell [...]... (Continue reading)
Free Forex Trading Signal For August 23 2010
Written on 23 Aug, 2010 at 15:32 in Forex | viewed 32 times | 0 Comments
[ForexChaser.com] The market had been driven recently dominated by a very downbeat sentiment. This sends investors into a risk-aversion mode, favoring the relative safety of the Usd. Technically, we are looking at the Eur/Usd to push lower, below the 1.2680 support area. This breakout will be confirmed by a sell-off in the S&P 500 index, [...]... (Continue reading)
