Archive for February, 2012

Dollar: Were Traders Surprised by No QE3 Mention from Bernanke?

Dollar: Were Traders Surprised by No QE3 Mention from Bernanke? Euro Traders Find it Hard to See the Improvement in LTRO Stimulus British Pound is One of the Few that Genuinely Benefits ECB Liquidity Australian Dollar Maintains its Correlation to S&P 500, Retreats with Risk Japanese Yen Weakness Outweighs the Anti-Carry Influence of Risk Aversion Swiss Franc Drops Against All its Counterparts…Except the Euro Gold Suffers its Biggest One-Day Plunge Since December 2008 Dollar: Were Traders Surprised by No QE3 Mention from Bernanke? Though starting off on a weak footing, the US dollar surged through Monday’s session

Published by on February 29th, 2012 at 08:02 pm

CORRECTED-Singapore Hot Stocks-Oceanus falls after Q4 loss widens

Wed Feb 29, 2012 8:56pm EST (Corrects to net loss from net profit in fourth paragraph) (Reuters) – Shares of Singapore-listed Oceanus Group Ltd fell as much as 11.5 percent to a three-week low after the abalone breeder’s fourth-quarter net loss widened on a fair value loss of 371.2 million yuan ($59 million) in biological assets. By 9:40 a.m

Published by on February 29th, 2012 at 07:02 pm

Australian Dollar, New Zealand Dollar Jump on Rising Chinese PMI

THE TAKEAWAY : Chinese Purchasing Managers Index Rises to 51.0 from 50.5 > Increase Beats Expectations, but Trader Response Is Muted > AUDUSD, NZDUSD Steam On Upwards Data released by the China Federation of Logistics & Purchasing shows an unexpected increase in the country’s Purchasing Manager Index (PMI) in the month of February. The PMI index rose to 51.0 from 50.5, topping analysts’ expectations of a bump up to 50.8

Published by on February 29th, 2012 at 06:02 pm

Yen Improves as Capital Spending Data Trounces Analysts’ Expectations

THE TAKEAWAY : Japanese Capital Spending Jumps to 7.6 percent from -9.8 percent > Increase Outperforms the Market’s Expectation > USDJPY currency pair drops Japanese fourth quarter capital spending rose 7.6 percent following a 9.8 percent decline the previous month, besting expectations of a 6.5 percent decline. The positive figure indicates a potential unexpected rebound in growth as corporations in Japan invest more in their businesses. Analysts did not expect an increase in capital spending this month, and this reflects the series’ biggest increase since March 2007

Published by on February 29th, 2012 at 06:02 pm

Buying Dips and Selling Rallies after a Strong Counter Trend Move

After a strong counter trend move, as long as the longer term trend remains intact, looking for opportunities to “buy the dip” and “sell the rally” can be a solid trading strategy. When identifying a pair that is in an uptrend, the concept of Buy the Dip can be put to good use. The idea is that as the pair continues to move higher, invariably there will be pullbacks/retracements/dips that occur

Published by on February 29th, 2012 at 05:02 pm
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