Currency Trading, one pip at a time.
From the category archives:
Chart.ly spotlighted my FX Alerts today! I’m honored with the mention and would like to thank Chart.ly for supporting the FX Alerts. With the Alerts, my goal is to have one 5 minute video that identifies the things I’m looking at going into the U.S. session. Looking at several currency pairs in 5 minutes can [...]
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Dead cat or dying cats? The dead cat phrase is being thrown everywhere today. However, it must be noted that there can only be one ‘dead cat bounce’ at play right now: the U.S. Dollar rebound. While I have argued for a possible U.S. Dollar Index rebound, yesterday’s rally does seem dead-catish. Fueled by a [...]
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I have a new post up at StockTwits FX: Buy Dolla Dollar Bills Ya’ll. I talk about the long setup forming on the U.S. Dollar Index. A combination of technicals, sentiment, and signals in the Euro/USD and Pound/USD crosses. With more foreclosure news that just broke out, you have to read this intermediate long US [...]
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With the Federal Reserve on vacation, China decided to step in and throw the rescue gear for the U.S. Dollar. In an effort to curb inflation and real estate prices, the Chinese raised interest rates by some 25 basis points and indirectly boosted the US dollar. In today’s FX Alerts, I focus on the EURUSD, [...]
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EURCHF is currently at 1.3360. I was calling for 1.3350 earlier today on StockTwits. At this level, possible longs still look appealing. The pair is retracing the Sunday losses and staying above the key downward daily trendline originating from late 2009. The pair is also rebounding from its range low and kicking back from the [...]
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