The first thing I do every morning, before opening my screen to the clients, is make a determination as to which currency markets are in uptrends, and which currencies are in down-trends. I rely on the current direction of both the Weekly and Daily charts to make this determination. Once I have qualified the markets by direction, I open up the shop. Today was [...] [...more]
EURUSD The dominant technical event for the Euro is still that it reversed the course of its monthly trend in November to bearish against the Greenback in sympathy with higher U.S. long-term rates. It is still however above a confluence of support between the 3-month low at approx 130.00 and the 50% retracement of the [...] [...more]
Daily Forex Report for 8/26/10 Click the link below to view Jay’s Daily Forex Report for 8/26 where he covers the major currencies and the U.S. stock market. http://link.brightcove.com/services/player/bcpid86410614001?bctid=596235972001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that [...] [...more]
Daily Forex Report for 8/18/10 Click the link below to view Jay’s Daily Forex Report for 8/18 where he covers the major currencies and the U.S. stock market. http://link.brightcove.com/services/player/bcpid86410614001?bctid=589239424001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that [...] [...more]
The market can do only three things once you are in trade: fail, go sideways, or follow thru in the direction of the trigger. A professional will have a modest loss on one of those circumstances, make a bit on the second, and bank on the third, for a net profit. A novice on the other hand will [...] [...more]
Given the current state of global economics, is it fair to say that the country with the best economic policy making team will have the strongest currency over the next 10-years? Despite its political disparities I think it’s fair to say, IMHO, that the U.S. currently has the best economic team in place. Having a strong military [...] [...more]