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July 31, 2012

Daily Forex Fundamentals – July 30, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon

Japan CPI Raises Deflationary Concerns
Spanish GDP On Tap
U.S. GDP Top Forecasts

U.S. Dollar (USD)

Pip-party? What party? Dollar bulls missed out on the pip-filled action on Friday as risk appetite kicked in. EUR/USD ended the week with a 13-pip gain for the day at 1.2300. Meanwhile, GBP/USD rallied to finish Friday 32 pips above its opening price at 1.5724. Read more…

Euro (EUR)

After EUR/USD’s meteoric rise on Thursday, the pair found itself trading within a tight range for the majority of Friday. The pair consolidated the entire Asian and morning European trading sessions and then rose slightly during the U.S. session. EUR/USD closed the day at 1.2300, just 13 pips higher from its opening price that day. Read more…

British Pound (GBP)

Two in a row, baby! The pound bulls charged happily last Friday, and no, it’s not because they saw the “Queen” jump from a helicopter in the 2012 Olympics opening ceremony. Cable rose by another 32 pips, while Guppy took a 73-pip hike. Booyah! Read more…

Japanese Yen (JPY)

Boy, did the yen have a bad Friday. It scored losses to all of its major counterparts as risk appetite lingered in the markets and disappointing data came out from Japan. USD/JPY closed the day 30 pips above its opening price at 78.51 while EUR/JPY finished at 96.56 after opening at 96.09. Read more…

Canadian Dollar (CAD)

1… 2… 3! Last Friday, USD/CAD fell for the third straight day in a row as oil prices continue to climb higher. Speculation that the Fed would ease soon also added downward pressure to USD/CAD. The pair, which had begun the day at 1.0096, closed the U.S. trading session at 51 pips lower at 1.0045. Read more…

Australian Dollar (AUD)

Despite the lack of economic reports, the Aussie rallied to its 2-month highs against the dollar, like a sir! Before it finished Friday’s trading with a 74-pip gain at 1.0473, it peaked at 1.0487. Read more…

New Zealand Dollar (NZD)

Score another one for the Kiwi! Like its other comdoll buddies, the Kiwi enjoyed a nice rally last Friday despite the lack of data in New Zealand. NZD/USD climbed by another 67 pips to .8092 after falling to an intraday low of .7991. So what made the Kiwi bulls giddy? Read more…

Swiss Franc (CHF)

Not so fast, franc bulls! USD/CHF might have dipped to an intraday low of .9695 last Friday, but the franc bears soon attacked after a U.S. data boosted the Greenback. Can you guess the Swiss data that might have boosted the franc early in the day? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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July 30, 2012

Sunday Evening Video Update

Filed under: Currency Charts — Tags: , , , — admin @ 3:40 am

Pairs I am watching to kick off the week!

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July 29, 2012

Thursday Charts 7/26/12

Filed under: Technical Analysis — Tags: , , — admin @ 3:05 am

Good morning. Dollar is trading slightly lower across the board today on speculation that the US Fed will expand stimulus. The euro made a few attempts to recover towards $1.22 but eventually failed and is still consolidating gains a few points below 1.2150 – where resistance zone starts. Important events today are: ECB Draghi’s speech Read More

The post Thursday Charts 7/26/12 appeared first on innerfx.com.


© 2012 FX Trading Blog

July 28, 2012

Charts to End the Week 7/27/12

Filed under: Technical Analysis — Tags: , , — admin @ 3:07 am

Good morning. Dollar continued to weaken against its counter-parts yesterday, so EUR managed to reach resistance at $1.2300 formed by a top established in the last two weeks. EURUSD Market sentiment: intraday – bullish, short-term – bearish Potential trade strategy: to look for a buying opportunity (aggressive plan) on the break of 1.2310, target at Read More

The post Charts to End the Week 7/27/12 appeared first on innerfx.com.


© 2012 FX Trading Blog

Daily Forex Fundamentals – July 27, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon

Markets eye U.S. GDP growth at 1.5%
Swiss KOF economic barometer to rise to 1.24

U.S. Dollar (USD)

Play time’s over, folks! Dollar bears mean business! They took EUR/USD up 131 pips to 1.2287, while pushing GBP/USD 192 higher to end the day at 1.5691. The reason? Improved risk appetite! Are we witnessing a change in trend here? Read more…

Euro (EUR)

Super Mario saves the day! Remarks from the ECB head honcho Mario Draghi sent the EUR up, up, and away in yesterday’s trading. By the day’s close, the shared currency had scored a 131-pip win against the dollar as it finished at 1.2287. Meanwhile, EUR/JPY was up 106 pips from its opening price of 95.03. Read more…

British Pound (GBP)

Yowza! It’s not everyday that you see GBP/USD jump by around 200 pips! Cable finally broke out of its consolidation around the 1.5500 mark and rallied to the 1.5700 handle before closing at 1.5691. GBP/JPY had its fair share of gains as it climbed from its 121.16 open price to close at 122.71. Read more…

Japanese Yen (JPY)

Out of the way, yen sellers coming through! With risk appetite dictating price action on the charts, traders dumped the safe haven yen in favor of higher-yielding currencies. EUR/JPY rose 106 pips to 96.09 just as GBP/JPY surged 165 pips to 122.71. Will the yen see more losses today? Read more…

Canadian Dollar (CAD)

Market participants were all about risk-taking yesterday as ECB President Mario Draghi said that the central bank would do everything within its power to protect the euro. The Loonie, as a result, leapt higher than the safe haven dollar and ended the U.S. trading session 56 pips higher from its opening price. The Loonie marked its second straight day of gains. Read more…

Australian Dollar (AUD)

Back to back, homies! The Aussie registered its second straight win against the Greenback as risk appetite continued to push it higher up the charts. AUD/USD began the day at 1.0313, climbed straight to 1.0399 and never looked back. Read more…

New Zealand Dollar (NZD)

Fly, Kiwi, fly! NZD/USD soared by close to 150 pips yesterday as it ended the day 25 pips above the .8000 handle, even though New Zealand’s economic schedule was empty. What caused this sudden rally and will it carry on today? Read more…

Swiss Franc (CHF)

USD/CHF dropped it like it’s hot yesterday as the pair broke down from its consolidation around .9900 and fell to a low of .9742. After a bit of sideways movement towards the end of the U.S. session, the pair ended the day at .9744. Can the Swissy hold on to its gains today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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July 27, 2012

Dr. Aghi is in Da Room

Filed under: Forex Strategies — Tags: , — admin @ 4:45 pm

Can you hear it? Well pump up the volume ..! Can ya’ll hear me at the back ?   I  say Hey!
And yeah, ya better believe it 
‘Cos I’m gonna blow the house down ..
‘Cos I am the doctor .. 
I’m the Doctor and I got my own beats 
What I’m gonna say’ll  blow you outta your seats
With my plans of rescue and heroic feats

Ya see if yields in Spain are causing some pain
And spreads all over have gone insane  
F**k’in up transmission is the catch we’ll use 
Prove responsibility lies in our shoes

‘Cos Transmission streets are our home hood 
And we will do what we can, whatever we should.
It’s in our mandate see, this mandate here
That you gave us yourselves, plain and clear

And with our mandate here it’s clear to see 
We’re free from the shackles of Germany 
So FRO Buba, as we SMP, 
Or EFSF up the periphery.

So back to your bunkers yee hawks of doom,
I’m a man on a mission,  gonna rock this room. 
We gonna party on down with our bloods down south 
Gonna save the nation with me and my mouth.    

Gonna cure this cold, me and my ECB
Using  ESM as a bank is key.   
I’m da man, I’m da doctor, Il Dottore
I’m the man with the cure I’m Dr Aghi !!!

I’m da doctor, I’m da doctor I’m Dr. Aghi
Gonna save the nation with my ECB
I’m da doctor, I’m da doctor, I’m Dr. Aghi
Gonna save the nation with my ECB

You better belieeeeeve me….

Risk, fear and worry

Filed under: Technical Analysis — Tags: , , — admin @ 3:05 am

Hello everyone, I just read this short & wise article of Seth Godin and thought of sharing it with you all since it applies to trading too Source Risk, fear and worry They’re not the same. Risk is all around us. When we encounter potential points of failure, we’re face to face with risk. And Read More

The post Risk, fear and worry appeared first on innerfx.com.


© 2012 FX Trading Blog

Risk, fear and worry

Filed under: Technical Analysis — Tags: , , — admin @ 3:05 am

Hello everyone, I just read this short & wise article of Seth Godin and thought of sharing it with you all since it applies to trading too Source Risk, fear and worry They’re not the same. Risk is all around us. When we encounter potential points of failure, we’re face to face with risk. And Read More

The post Risk, fear and worry appeared first on innerfx.com.


© 2012 FX Trading Blog

Daily Forex Fundamentals – July 26, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:28 am

What’s on the Economic Horizon

British Economy Contracted By 0.7% in Q2 2012
ECB Member Nowotny Boosts the EUR
RBNZ Keeps Rates Steady at 2.50%

U.S. Dollar (USD)

As risk appetite picked up in yesterday’s trading, the dollar had to let go of some of its gains to the euro and the comdolls. But don’t fret! Market analysts say that the dollar’s break from the bulls yesterday is nowhere as serious as the R. Pats-Kristen Stewart break up. Read more…

Euro (EUR)

Will ya look at that? It seems there’s some life left in the euro after all! Even with the German IFO business climate report printing a downside surprise, the shared currency was able to post solid gains across the boards. EUR/USD undid Tuesday’s losses by climbing 85 pips to 1.2156, while EUR/JPY eased off its 12-year lows to finish 65 pips higher at 95.03. Let’s see if it can sustain these gains! Read more…

British Pound (GBP)

The pound just can’t catch a break can it? Despite a risk rally across the markets, the pound found itself at the loser’s table yesterday, falling 18 pips against the dollar to finish at 1.5499, while EUR/GBP closed at .7843, up 64 pips on the day. What gives? Read more…

Japanese Yen (JPY)

Despite Japan’s trade deficit narrowing, the yen was still unable to tap its inner Samurai warrior as risk appetite kept it from rallying against most of its higher-yielding counterparts yesterday. EUR/JPY ended the day higher at 95.03 after opening at 94.38. Meanwhile, AUD/JPY finished the day 47 pips higher at 80.62. Read more…

Canadian Dollar (CAD)

Thanks to a bit of good news from the euro zone, the Loonie got a rare taste of victory against the Greenback. It gained 50 solid pips against its American counterpart as USD/CAD slipped to 1.0153. Read more…

Australian Dollar (AUD)

The Aussie cruised up the charts as risk appetite picked up in yesterday’s trading. It ended the day 61 pips higher against the dollar at 1.0312. Meanwhile, against the yen, it scored a 47-pip win against the yen as it finished the day at 80.62. Read more…

New Zealand Dollar (NZD)

Just like its comdoll siblings, the Kiwi benefited from a nice risk rally yesterday. After zooming lower during the Tokyo session, NZD/USD rebounded later in the day and actually finished 21 pips higher at .7887. Read more…

Swiss Franc (CHF)

Wham, bam, thank you risk appetite, you’re the man! With sentiment improving across the board, the franc blasted through the dollar in yesterday’s trading action. USD/CHF dropped 69 pips to finish at .9881 and in the process, filled the weekend gap! Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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Rating: 3/5 (2 votes cast)

July 26, 2012

Tradingview.com Review

Filed under: Technical Analysis — Tags: , — admin @ 3:05 am

When it comes to financial charting platforms, there is a problem that many charting providers do not address: their platforms not keeping up with modern technology. But not in the case of tradingview. Unlike other charting platforms – from a technical point of view – tradingview is not based on obsolete technologies such as Flash, Read More

The post Tradingview.com Review appeared first on innerfx.com.


© 2012 FX Trading Blog

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