Chart of the Day - 3/12/2010 – USD/CAD
Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Friday’s (3/12/2010) breakdown of 1.0200 establishes
Euro Sterling is Set to Go Further
The Euro has recently suffered a very pronounced period of weakness against both the US Dollar and the Japanese Yen but against Sterling it has remained strong throughout. Why is that?
Finding Indicator Clues to Trade Metals in Any Situation
Analysts are divided about whether inflation or deflation will rule. Here is a look at the role of metals in a portfolio with either outcome.How the value of the U.S. dollar impacts metals;Prospects for economic recovery and how that affects
TEN Exclusive: GBPUSD – Strengthens, Eyes The 1.5195 Level
GBPUSD – GBP is now on the offensive having seen a follow through higher on its Thursday strength after its declines halted at the 1.4871 level. With that said, our focus has now shifted to its Mar 08’10 high at 1.5195 where a decisive break wil
EU Morning Report – Initial Jobless claims yesterday meets e
Yesterday’s trading saw some range trading across all the majors with no major event risk able to push the pairs out of their recent ranges. Markets tend to consolidate in tight ranges as the participants take some time out reassessing market fun
Currencies Higher; Commodity Bloc Lags
The markets have picked up in European trade, with currencies broadly bid against the buck. However, it is the major currencies that have jumped in front, with the normally better bid commodity bloc lagging behind.
EURUSD ahead of another significant leve
elliott wave analysis
Daily technical outlook 3-12-10
EURUSD - A break above 1.3680/90 – the trend line resistance extended from 1.3840 – shows up. Some resistance layers are seen above current trading zone – around 1.3730, then higher at 1.3790/00 and perhaps a stronger barrier around 1.3850.
Cowabunga System Daily Update: Tuesday, 03/11/2010
There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD went from positive to negative. This was a valid entry.
As A Hedge, Gold's Now A Bust
Professional portfolio managers learn very early in their careers the fundamentals of hedging. If there's a need to tactically reduce exposure to a particular asset class, they learn to find contrary investments, something that "zigs" as other ho
British Pound Tumbles Over Past Month
Outside of the earthquake rescue efforts in Chile and the Greek-rescue efforts in Brussels, the big news in the world economy last week occurred in currencies.
Exchange rates against the dollar
During the past twelve months many major currencies have risen against the dollar. The appreciation has been most marked for the Australian dollar, which has strengthened by 41.9% against the greenback. New Zealand’s currency, which has appreciat


