Analysis of Forex Trading, Financial Markets, and Economic Policies
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At around 3 AM today (Tuesday), I opened the first tracked forex trade at My Investment Analysis. All trade criteria (open, close, and adjustments) will be communicated through StockTwitsFX and Twitter. Analysis will typically be posted when a trade is “put on deck” and thus before a trade is opened. We’ve opened a 1-unit long [...]
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The pound sterling (“cable”) has been trending down against the dollar since mid-November of 2009. It has fallen from the 1.69 area to a low of 1.5831 on December 30, 2009. It rebounded from the low but has found resistance at the 1.6230-40 area, forming a double top on the hourly chart (as shown by [...]
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The unanimous consensus that the dollar is on a secular downtrend appears to be breaking down. A rebound in the Dollar Index is changing the sentiment on the over-crowded one-way short dollar (and long gold) trade. The rebound has been sharp with the dollar index climbing from the low of 74.21 to a level of [...]
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Price movements in financial markets may appear to be based on the statistical calculations of fundamental metrics; however, prices are also influenced by an entire culture of speculation (Miyazaki, 2007). Speculators, who are typically short-term investors, trade on the anticipation of making profits due to incorrectly priced assets or securities (Malpezzi & Wachter, 2006). Economic [...]
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