Forex Signals

The price action was certainly disappointing today but there are a couple of good reasons not to read too much into it. First, volume was really light, so the selling wasn’t intense. (That could be taken as a bad thing though, if you’re looking for a flushing out of the weak hands.) The [...]

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Now that I have finished my review of Excalibur Forex, I will try [...]

Well, whether it was technical exhaustion, triple witching, or the passage of the [REDACTED] bill, equities have sagged since Friday’s post. While it’s tempting to get excited about the prospect of a(n overdue) meaningful correction, bitter experience has demonstrated the utility of waiting before layering meaningful shorts.
Still, if it’s “all about liquidity”, [...]

Price action on EUR/USD, a daily chart of which is shown, has displayed a strong bearishness in line with the overall prevailing downtrend, establishing a new 10-month low in the process and confirming a downtrend continuation. After the key 1.3800 resistance was tested and respected several times last week, price broke down below a well-formed [...]

I was laying low for most of December, (as I see no point in unraveling a pretty decent year with too much year-end trading) but I was staying fairly active with my short term five minute set ups (which I have outlined in detailed perviously) and find myself ready to grab 2010 and see what [...]

Key News

U.K. jobless claims unexpectedly fell in February at the fastest pace since 1997. (Bloomberg)
China is in the midst of “the greatest bubble in history,” said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP. (Bloomberg)

Quotable
“The first thing a man will do for his ideals is lie.”
                            Joseph A. Schumpeter
FX Trading – [...]

Fed Stays the Same!
At yesterday’s FOMC meeting, the Fed didn’t move on interest rates and maintained the “extended period” language that we have been hearing for, well, an extended period.  So how long exactly is “an extended period”?  Well unfortunately for the US, this could be a long time.  Take a look at Japan, who [...]

NEW YORK (CNNMoney.com) — RadioShack’s stock price surged on speculation that the retailer might be headed for a merger, or seeking another type of deal with potential investors.
The stock for RadioShack (RSH), an electronics retailer based in Fort Worth, Texas, jumped 9% in midday trading on Friday.

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Anthony Chukumba, analyst for BB&T Capital Markets, said [...]

Over the last few weeks, the stock market rally has fizzled and commodities prices have cooled off. It’s not clear what triggered this sudden surge in introspection (I would call it reasonableness). Regardless, the markets are now wondering out loud whether the optimism of the second quarter wasn’t a bit naive.
After all, there still isn’t [...]