Additional Dollar-Weakening in the New Year?
The dollar has continued its weakening against the Swiss franc and euro as we approach the New Year. It's hard to deny the fact that the dollar is currently in a strong general&nbs...
Thin Liquidity Leads to Exaggerated Moves
As always during the holiday season, traders often become bewildered by the extreme price moves that occur in the financial markets, including currencies. One of the reasons for th...
Holiday Wishes to All. Netto's Numbers to Return with 2009 Trade Profile on Sunday, January 3
I am going to be on the road for the next two weeks and wanted to wish my IB Times family a warm and happy holiday season. While I have only been blogging for a short time, I have ...
Snow Storms in Chicago and Vegas, Continued Rally in Currencies, Setup Next Big Trade
6:01 PM Pacific Time - Las Vegas - I would like to thank all of you who have sent me warm birthday wishes. It's once a year that we are simultaneously reminded of how lucky we are ...
Market Sentiment Shifts from Selling Rallies to Buying Dips
Per the Sunday night blog which outlined the points of control for the market coming into this week, today's robust price action reaffirms the bullish sentiment in a number of majo...
EUR/USD - March of the Bulls
EUR/USD (a daily chart of which is shown below) has continued its bullish march off the break of consolidation a week ago. Price has even gone onto breakout above a key downtrend r...
Markets Catch a Bid Into Fed Week, Points of Control for Dec 12-16
With the US Dollar coming under pressure last week, commodities showing strength, and equity markets closing in the upper end of the weekly range, focus shifts to the Fed's decisio...
EUR/USD - Massive Bullish Breakout of Consolidation
Thursday's price action on the EUR/USD pair saw a drastic breakout of the triangle consolidation that had been forming for a more than a month. The day was overwhelmingly bullish f...
Enigmatic Equities Spend Day in Trading Range, Metals/Energies/Ags Come to Life
My last post 48 hours ago touched upon my concern for the equity indexes to maintain their robust tone as some of the underlying metrics in Monday's rally raised some eyebrows. Tue...
EUR/USD - Struggling to Breakout
As of Wednesday afternoon in New York, price action on the EUR/USD daily chart, as shown below, has been trying its best to breakout above the triangle consolidation that it h...
- UK RICS House Price Balance Declines by -16% in Jan, Better than the -17% Consensus
- ECB Notwotny says more steps needed before aid tranche is distributed to Greece
- The Overnight Review
- Greek PSI debt deal reported to be announced after the ECOFIN meeting on Wednesday
- German Wholesale Price Index up 1.2% in January vs 0.2% expected
- China Sets Yuan Reference Rate @6.2939
- Japans Q4 GDP Estimate
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