Posts Tagged ‘Short’
By The Sizemore Letter
With Europe’s politicians continuing to stumble from one summit to another without a realistic plan for resolving the sovereign debt crisis, the one European institution that is keeping the entire system afloat is the European Central Bank. The ECB gave the capital markets a boost earlier this month when it announced that [...]
Source: ForexYard
As discussed in today’s FOREXYARD Daily Analysis, overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid Spanish bond auction and strong US housing numbers.
The most recent CFTC Commitment of Traders report shows speculators in the futures market have built their largest EUR short position [...]
Quotable
“Doubt is uncomfortable, certainty is ridiculous.”
Voltaire
Commentary & Analysis
The short of a “lifetime”! A trip down memory lane…
About fifteen years ago I remember when the guru-in-chief for Morgan Stanley was Barton Biggs. He is a very bright man and has had many investment successes, so don’t get me wrong when I share this. But [...]
The 60-minute chart has corrected the intraday downtrend and triggered a swing short. This is an overall trend following trade because the daily time frame is heading lower with a bearish Directional Bias.
I also include a look at the U.S. Dollar Index and the Dow Jones for a look at the “forextra” factors that could [...]
On a two-hourly chart the EURCAD is forming a nice ascending triangle for a LONG trade. Resistance can clearly be seen at 1.4240-1.4250 so a successful 2 hour close above 1.4260 could see fulfilment of this pattern.
The target would be the length of the “base” (being the resistance line) to the lowest trough. We’ve already [...]
USDJPY remains in short term uptrend from 79.69. The price action from 81.26 is treated as consolidation of uptrend. Key support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 81.60-81.80 area. Only a clear break [...]
Source: ForexYard
This afternoon’s investment data from Treasury International Capital (TIC) revealed worse than forecast growth in foreign investment levels for domestic, long-term securities. The TIC Long-Term Purchases report measures the difference between domestic securities purchased by foreign investors and foreign securities purchased by domestic investors.
A positive reading represents a higher level of foreign investment in [...]
USDCHF remains in short term uptrend from 0.8553, and the rise extended to as high as 0.8904. Further rise is still possible later today, and next target would be at 0.8950 area. Support is now at 0.8820 followed by 0.8720, only break below these levels could indicate that the rise from 0.8553 is complete, then [...]
NEW YORK (CNNMoney) — Amazon’s stock fell 5.7% in after-hours trading Tuesday after the company reported first-quarter earnings that fell by one-third compared to a year earlier — and sharply missed Wall Street forecasts.
After the bell Tuesday, Amazon (AMZN, Fortune 500) reported that its net income in the first quarter fell to $201 million, or [...]
Over the last three months, the Euro has appreciated 10% against the Dollar and by smaller margins against a handful of other currencies. Over the last twelve months, that figure is closer to 20%. That’s in spite of anemic Eurozone GDP growth, serious fiscal issues, the increasing likelihood of one or [...]
