Posts Tagged ‘forexsignal’
For now, the stock market likes what came out of the EU today with regard to handling the crisis in Greece. The Nasdaq and Russell 2000 broke their downtrends which started in mid-January. The S&P 500 stopped just shy of breaking its trendline though. I’m curious to see how much more [...]
Another day, and here we are looking at the same old to-and-fro with Greece. Someone leaks a story that the EU is discussing aid, which the Germans angrily deny…after which the Greeks themselves lambaste speculators and claim that they don’t really need any help, anyways. Yaaawwwwnnnnn. And here’s the euro, caught in the same tepid [...]
Price action on USD/JPY as of Thursday (3/25/2010) morning New York session retraced somewhat after the substantial bullish move from Wednesday, but continues to carry a bullish bias. After having broken out above the 92.00 region resistance, the next key upside target resides around the 93.75 price region. With Wednesday’s move and a potential continuation [...]
Is it a reversal or a correction?
It’s a issue that many currency traders struggle with…
I think it doesn’t have to be that way when you utilize market cycles and the 34ema Wave. Market cycles or “market trends” are a concept straight from Charles Dow and part of what is not referred to [...]
Key News
TOKYO, March 18 (Reuters) – A Japanese deputy finance minister said on Thursday that China should understand global calls for a more flexible yuan, as the United States kept up pressure on China to let the Chinese currency rise.
The currency debate has turned acrimonious, with 130 U.S. lawmakers demanding sanctions unless China gives up [...]
By Russell Glaser – A triangle pattern has formed on the daily chart for spot gold. Traders may be able to take advantage of this pattern by trading in a predictable price range in anticipation for the breakout in spot gold prices.
The lower line of the triangle begins at the start [...]
In this example the weekly and monthly trend is up, price is above hourly MA and when price broke out of the NR7 inside bar pattern it exploded up about 100 pips. Look to exit trend trades at our Trading Sell Zone.
Remember this word: Chermany. It is the new, hip lingo for speaking about China and Germany. What do these two have in common, you may ask? These are the top 2 largest exporters of manufactured goods in the world. As you might expect, this means that they have trade surpluses and thus are in positions [...]
(Fortune) — Name any major U.S. company, and chances are good it runs an office in Washington. They’re all here to lobby, yes, but more specifically, they’re watching the Hill, the White House, and regulators for any policymaking that could affect their businesses. In a new regular feature, Fortune.com will introduce you to one of [...]
GDP Forecasts Up Again
GOOD MORNING. Good Morning: Stocks in Asia closed higher today; U.S. futures are pointing to a lower open.
Are economists ready to join the bull market stampede? With the stock market at 13-month highs following yesterday’s big rally, traders seem to be betting that economy is healing quickly. And economists may be coming around [...]
