Posts Tagged ‘media’
Financial Market Fears Overwhelm Facebook IPO Optimism
The volatility surrounding initial public offerings (IPO) is notorious; but when large companies come into the market, there is often a draw of fresh capital to get a piece of the action.
British Pound To Face Further Losses On Slowing Inflation, Dovish BoE
Fundamental Forecast for British Pound: Bullish The dovish tone struck by the Bank of England weakened the British Pound by nearly 300pips, and the economic developments on tap for the following week may heighten the bearish sentiment underlining the sterling as market participants increase bets for more quantitative easing. Indeed, consumer prices in the U.K.
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 …
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.
Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues
Fundamental Headlines – Jobless Claims in US were Unchanged at 370,000 Last Week – Bloomberg – Several on FOMC said Easing May Be Needed on Faltering – Bloomberg – Spain Beset by Bank Crisis, Recession, Bond Pressure – Reuters – China Overtakes India as Top Gold Consumer – WSJ – Greece Swears in Caretaker Government – WSJ European Session Summary Price action was relatively muted in the overnight sessions, with the Asian market participants bidding up higher yielding currencies and risk-correlated assets and European market participants pulling them back down to their daily opening prices. Ahead of the US cash equity session, the US Dollar was relatively unchanged as a result, but there were still some big moves elsewhere.
