Forex Technical Update 9/3/2010 Fan Yang CTA Technical Analyst, FXTimes The Non Farm Payroll is traditionally watched for clues to the direction of the USD. However, although the USD gained some volatility after the economic releases this morning, it was the Japanese Yen that saw strong moves. The long tails of 4H candles in Japanese [...]
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Forex Technical Update 8/31/2010 – Swiss Franc Hits Record High Against Euro
Forex Technical Update 8/31/2010 The EUR/USD had a sharp correction rally in the European session but did not invalidate the bearish swing outlook just yet. You can also see the Euro pare losses against the Yen, but the Japanese currency remains firm. The USD/JPY continues to decline. The Swiss franc dominated the European session as [...]
Forex Technical update 8/19/2010 – Greenback Continues to Consolidate; Commodity Currencies Slip
Forex Technical Update 8/19/2010 Technical Tools Presented in Video: Moving Averages, RSI, Fibonacci Study, Elliott Wave Principles, Chart Patterns, Candlestick Analysis USD crosses are still trading in consolidation mode. We can see that in EUR/USD and GBP/USD. The USD/JPY also shows it is not ready to rally. The AUD/USD however showed some weakness in the [...]
Forex Technical Update 8/9/2010 – Greenback Advances, Japanese Yen Hangs to Strength
Forex Technical Update 8/9/2010 – Greenback Advances, Japanese Yen Hangs to Strength Fan Yang, CTA FXTimes The market came out of the weekend in consolidation. The EUR/USD and GBP/USD are both correcting last week’s rally. The USD is gaining across the board. Even gold stalled its recent rally as if making way for dollar comeback. [...]
Stocks pare losses after Fed statement
A look at highlights from the day’s business news:
Stocks recoup losses after Fed decision
Stocks pared sharp losses to close only modestly lower Tuesday after the Federal Reserve took a cautious stance about the recovery.
After falling as much as 147 points earlier in the session, the Dow Jones industrial average was off 53 points, or 0.5 [...]
Forex Technical Update 7/20/2010 – Greenback Trying to Shed Weakness
Forex Technical Update 7/20/2010 Fan Yang CTA www.FXTimes.com The EUR/USD is giving reversal signals, but there is still a lot of bullish momentum to support the pair. Same can be said for the GBP/USD. Against the Japanese yen, both euro and pound have been ranging. Finally, comparing EUR to the GBP, it appears that the [...]
Dollar slips, treasurys gain on weak economic reports
A look at the day’s business headlines:
Stocks fight back from losses
Stocks ended little changed Thursday, erasing bigger losses after weaker than expected reports on the economy revived worries about growth.
The Dow Jones industrial average lost a few points and broke its seven-day winning streak. The S&P 500 index ended just above breakeven, and the Nasdaq [...]
FOREX VIDEO – ASIAN OUTLOOK MAY 5TH 2010
Todays video breaks down the Aussie dollar. I am hoping this new found selling us leading us to the front door of a new wave of buying. We also have a quick review of the video I made last Friday. There is a lot going on out there folks. Remember NFP this coming Friday. Good [...]
FOREX VIDEO – EUROPEAN OUTLOOK APRIL 8TH 2010
Hi everyone, for this video I spend the lions share of the time looking at the Pound. We are trapped on a 4 hr basis, however I think the Euro Pound cross will provide all the clues we need to trade cable today. Good luck!! David Pegler
