Category: Guest Post
Fundamental Overview Market Movers Last Week 11/22/2010
The U.S. Dollar continued trading higher against most of the major currencies last week, with the exception of the New Zealand Dollar which gained a rather modest+0.6 percent against the Greenback. The previous week’s rumors of an impending default of Irish banks materialized to some extent last week as the Irish financial crisis remained the
EUR/USD Elliot Wave Video – Deep Lows Ahead
US dollar gained sharply in recent sessions as North and South Korea exchanged artillery fire and pushed the risky assets lower. Eur/Usd is testing levels around the 1.3300 August highs and also a weekly support line connected from June lows, where a breakout will signal for more losses in coming weeks, down towards the 1.2600
Your Broker Is Not The Enemy
Over the years I have heard so many traders talk about how brokers are out to get their broker is out to get them. They complain about stops being to wide, platforms freezing, and being stopped out when they feel that they shouldn’t have been. These traders then flood message boards and begin to go
Temporary Top for Dollar Index
Risk is on today (higher stocks) on news of Ireland’s bailout package, which however is still not fully confirmed. Stocks may easily trade even higher today and push the US dollar even lower against the majors, since we know that higher stock are positive correlated with the Eur/Usd, Gbp/Usd, Aud/Usd… A current trend is also
Lower US dollar In Coming Week – Elliott Wave Analysis
We can see some important reversal formation from Dollar bulls to Dollar bears with the price action seen in the past few sessions. Five waves up on euro, cable, down on dollar index and almost completed 5-wave structure on Aussie, gold and oil from the lows, definitely confirm a lower US dollar for the near-term
AUD/USD: Corrective Recovery From 0.9720
On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when five wave, impulsive move completes
What It Really Takes To Be Successful
Trading is a business. Now you may be thinking to yourself “Yeah know that, tell me something I don’t know” but you would be surprised at how many people don’t realize this and if they do they certainly don’t treat it like one. They start trading and they think that all they have to do
Pound At The Channel Support
Pound was one of the weakest currencies yesterday, especially against the US dollar, when Gbp/Usd broke through 1.5950 support region. A very sharp bearish price action from 1.6180 suggests that pair could be in a third wave here; a red wave 3) which may easily reach much lower levels in the near future
Elliot Wave Analysis – S&P500: Corrective Pull-back
S&P is covering some yesterday’s losses, but probably trades only in a corrective pull-back, labelled as a blue wave (iv), as a sharp decline from the 1207 shows a personality of a third wave. With this being said, a current trend remains bearish for S&P500 as long as the market trades below 1194 critical wave
Fundamental Overview – Market Movers Last Week – 11/15/2010
The U.S. Dollar shot up against all the major currencies last week on renewed risk aversion due to the unstable debt situation of the financially weaker members of the European Union, with rumors about a pending Irish default swirling around the market. In addition, last week was the first week since early October that the