Just before 1pm Chicago time the Yen broke par against the Dollar for the first time since the week of April 6, 2009 (low 98.67). Then the Euro fell out of bed. Then the Swiss got clubbed like a baby seal. The Aussie. The Pound. The Canadian. Everything but the Dollar got crushed. RIGHT AT […]
The cable exceeded our 1.96 target this past week but then did begin to pull back. Early this week we expect the market to continue to consolidate the gains made last week. We are building a bull flag that should point the way to a test of the old highs above 1.99. That test will […]
The Euro has been stuck in a trading range since December of 2006. The European Central Bank (ECB) just raised rates and all but stated that they intend to raise again at future meetings. This should be the catalyst that the market has been waiting for to break it out of this trading range, a […]
Over the past month many of you have contacted us about news trading in FOREX. Due to the overwhelming response we got about this subject we will be putting on a Webinar tomorrow to talk about news trading. If you would you like to know how the world of trading Forex when news releases come […]
On Friday afternoon the Cable closed right on its up- trending support line, and on solid support from last week’s low. Based on the technical strength my outlook for this pair remains bullish, though I believe the market needs a fundamental catalyst to justify a move higher. For yet another week the Euro was range-bound, […]
The cable continues treading water between 1.95 and 1.98. Volatility has been on the increase recently and the market seems unable to decide on its overall direction. The long term trend remains up but the Pound is going to need some type of economic catalyst to push it to new highs. A large head fake […]
