Forex Signals

The British pound has been in a downtrend since it broke last week’s support at 1.5875 and looks like it could fall further as it has taken out most of the remaining support levels on its way to retracing October’s lows.
One of the potential headwinds to the Pound’s ascent may be the release of  Wednesday’s BOE [...]

Despite the inherent risk in the market due to the Euro debt crisis, the Euro continues to rise vs. USD.  But for how much longer?  The market is fully aware of all of the potential landmines that could potentially come out of the “resolution” which is due out tomorrow yet the Euro still seems more [...]

Quotable
“It is better to be looked over than overlooked.”
                                    Mae West
Commentary & Analysis
Our Wave View is Scary – 5,100 on the Dow before this is over!
It didn’t matter which market we were watching – currencies, commodities, stocks – they had become oversold after a plunge throughout the month of September. We expected a bounce and positioned [...]

Quotable
And were an epitaph to be my story I’d have a short one ready for my own. I would have written of me on my stone: I had a lover’s quarrel with the world.
                                    Robert Frost
Commentary & Analysis
This is the 21st century, which is why we should bail out Greece.
You see it a lot in historic [...]

Having spumed out all their funding ire yesterday, Team Macro Man are resting back exhausted. It is time for reflection. So what have we learnt this week?
- Funding disasteristas have had their guns spiked by CB actions, or rather – offer of actions (you know TMM’s thoughts on the funding story from yesterday’s post).
- [...]

By TaipanPublishingGroup.com

Over the past few weeks, we’ve seen just how volatile the financial market can be… Huge swings, like when the Dow dropped more than 672 points in 2 1/2 weeks, can throw a wrench in even the best-laid investment plans.
You’ve heard us time and time again tell you to prepare an exit strategy before [...]

The sideways chop on the U.S. Dollar continues as the index was rejected from the 76.50 level for the third time since late-May. What does this mean for your trading and how can you handle the summer chop?

Part of my advice in this video is first to recognize the Directional Bias (always from the Daily [...]

Greetings. There are some setups worth watching in the coming days, such as the following:
GBPUSD: recent sell-offs are suggesting that more pressure on the trendline around 1.6150 is likely, and current lower-highs formation is intact – therefore keep an eye on the highlighted resistance zone if current recovery continues. I think it’s worth looking for [...]

U.S. trade gap narrowed in April, and many will see that as a bullish sign
By Elliott Wave International
“The Dow rose nearly 1 percent Thursday… Investors were encouraged by a report that [...]