Posts Tagged ‘forex’

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USD Index Carving Top In May, AUD Eyes November Lows

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10117.01 10154.53 10106.53 0.03 104.88% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar ) remains 0.03 percent higher from the open after moving 105 percent of its average true range, and we may see the greenback consolidate throughout the North American trade as hopes surrounding the G8 Summit props up market sentiment. However, as the EU struggles to meet on common ground, there’s certainly limited scope of seeing something done on a global scale, and we should see the flight to safety gather pace in the days ahead as the heightening risk for contagion saps risk-taking behavior.

Published by on May 18th, 2012 at 09:05 am
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Commodity Prices Have Scope to Rise into the End of Trading Week

Talking Points Crude Oil, Copper May Rise Amid Profit-Taking on Risk Aversion Bets Gold and Silver Well-Supported on QE3 Hopes, Eurozone Instability Commodity prices are showing diverging performance in early European trade. Growth-sensitive crude oil prices are following shares lower but likewise sentiment-linked copper is essentially flat. Meanwhile, gold and silver are on the upswing, following up on a jump higher in late Wall Street trade after a disappointing set of US economic data seemed to stoke Fed QE3 bets and drive demand for precious metals as an alternative store of value while boosting Treasuries and weighing on the US Dollar

Published by on May 18th, 2012 at 01:05 am
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A Personal Trading Strategy

While I occasionally trade from the Daily chart, primarily I use it to determine the trend of the pair. Once I have identified the pair that I feel has the strongest trend based on the Daily chart, I will usually enter on a 4 hour or 1 hour chart…whichever time frame best optimizes my entry. Here’s what I am looking for chart by chart …

Published by on May 17th, 2012 at 08:05 pm
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Yen Clears 79.50, Bullish Formation To Take Shape

USDJPY – The ratio of long to short positions in the USDJPY stands at 5.73 as nearly 85% of traders are long. Yesterday, the ratio was at 4.21 as 81% of open positions were long

Published by on May 17th, 2012 at 10:05 am
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Euro To Weaken Further Despite Oversold Signal

EURUSD – The ratio of long to short positions in the EURUSD stands at 1.69 as nearly 63% of traders are long. Yesterday, the ratio was at 1.62 as 62% of open positions were long. In detail, long positions are 1.1% higher than yesterday and 9.0% stronger since last week.

Published by on May 17th, 2012 at 10:05 am
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