Currency

  • FOMC Meeting Instant Insight: Dollar Due for a Correction-

    For the second meeting in a row, the Federal Reserve left interest rates unchanged at 2 percent. By now, everyone should realize that the easing cycle has come to an end and that the next move by the Fed will be a rate hike and not a rate cut. There was only one dissenter - Fisher, who voted for a rate hike for the second meeting in a row.

    The Fed is talking on tough on inflation and their hawkish comments indicate that they are afraid of getting too excited about the drop in oil prices.

    With oil prices trading below $120 a barrel, inflation expectations have eased but the Fed refuses to acknowledge it. The Fed is afraid that just as quickly as oil prices have fallen, they could rise once again. Their hawkish comments were meant to appease potential dissenters like Fed Presidents Stern and Plosser and to hold them back from voting in favor of a rate hike. However don’t expect the hawkish comments to translate into a rate hike anytime soon. It is no secret that oil is determining Fed policy. Now that crude prices have cracked below $120 a barrel, the noose around the Fed’s neck has been loosened.

  • Last Chance Forex Accelerator- Due to shopping cart errors, you may have a chance to get in on this sold out Forex solution.

    Click here to get it before its gone 2 days from now.

    Last week, 30+ year trader Bill Poulos filled up his new group of 555 students who jumped at the chance to grab his Forex Profit Accelerator home study course.

    This course was then pulled off the market last Wednesday.

    But all throughout the release, Bill's team received dozens of complaints from international traders who were receiving shopping cart errors while trying to check out.

    The errors had to do with postal code error checking, and prevented some individuals from getting the course.

    These errors were fixed last Thursday as part of a software update to the shopping cart Bill uses, so just to be fair to everybody who wanted a copy but couldn't get one, here's what he decided to do.

    Get On Board By Thursday
  • DailyFXNews Aug 5 2008 - Forex in 60 Seconds-

    Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Aug 4 2008 - Forex in 60 Seconds-

    Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Be Aware Of Currency Impact With International Investments-
    International investments can add a diversification element to an investor's investment portfolio. One factor to keep in mind, however, is the amount of return that results from converting foreign returns back into ones home currency (the U.S. Dollar in this case). The resulting impact on returns during strong dollar periods can drastically reduce realized realized returns as noted in the chart below:

    (click on chart for larger image)

    foreign returns to U.S. Dollar chart July 2008
  • BKTraderFx Week Preview Part 1-

    week preview

  • BKTraderFx Week Preview Part 2-

    weekly preview

  • There is Never One Cockroach BK TraderFX 08.01.08-

    fx trading

  • DailyFXNews Aug 1 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1217537976029.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Jul 31 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1217537976029.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Choosing a Forex Broker Part III: Transaction Costs-

    http://www.informedtrades.com -- A look at the transaction costs involved in forex trading (the bid ask spread, commissions, and how trades are executed) so that FX traders can properly understand how much their currency broker is charging them.

  • 135: Choosing a Forex Broker, Part IV: Technology & Add-ons-

    http://www.informedtrades.com -- A look at the technical and value-added features (like news, charts, ability to trade from the web, etc) that currency traders should consider when choosing what forex broker they select.

  • Fed Announcement and ADP Helps to Lift the Dollar-

    Positive economic data has continued to drive the US dollar higher. Payroll provider ADP reported a 9k rise in jobs this month. As one of the leading indicators for non-farm payrolls, this along with stronger consumer confidence numbers is good news going into this Friday’s non-farm payrolls report. However don’t expect positive job growth in the month of July. The only thing that the ADP number suggests is that the number of job losses could be less severe than the prior month. The four week moving average of jobless claims have also fallen in the week ending July 19 even though initial claims climbed to 406,000. Nonetheless, we can not forget the countless layoff announcements that have surfaced over the past two months and the fact that US companies are cutting back.

    ADP has a track record of being notoriously optimistic about projecting payrolls. Non-farm payrolls dropped in each of the past six months but between January and June, the ADP employment survey on the other hand only dropped 2 out of the 6 months. ADP has consistently missed to the high side and we expect the same this month.

  • DailyFXNews Jul 30, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1217366470688.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Jul 29 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1217366470688.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Interview with Nick Barisheff: Gold is Money- posted on: July 27, 2008

    This week we interviewed Mr. Nick Barisheff, President & CEO, Bullion Management Group, and discussed with him the importance of gold bullion. Mr. Barisheff founded Bullion Management Group Inc. in 1997, and is the portfolio manager of BMG BullionFund, Canada’s only open-ended fund investing purely in gold, silver, and platinum bullion.

    GreenLightAdvisor.com: What’s the most important thing people need to understand about gold?

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 30th of July, 2008

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 29th of July, 2008

  • 133: Choosing a Forex Broker, Part II-

    http://www.informedtrades.com -- What forex traders need to consider regarding the regulatory environment of the forex broker they trade with.

  • DailyFXNews Jul 28 2008 - Forex in 60 Seconds-

    Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Dollar Bulls: More Tolerance to Pain?-

    For the US dollar, it is going to be a slow start to the new week with no major data due for release until Thursday. Consumer confidence and house prices will be out tomorrow and given the upside surprises last week, the data could be dollar positive. However investors will continue to be cautiously bullish dollars since it is hard to believe that confidence and house prices could improve in the current economic environment.

    Last week, micro and not macro drivers impacted the US dollar. Bank earnings, movements in stocks and the fluctuations in oil prices (which can fit into macro) kept the dollar near the top of its monthly range. This week, it will be a tug of war between micro and macro drivers with earnings season in full swing. It makes you wonder how tolerable investors have become to bad news when the Dow and gold prices have not reacted to the reports that two more banks have been shut down by the FDIC over the weekend (First Nation Bank and First Heritage Bank). Although these are relatively small banks, in any other market environment, bank failures would weigh heavily on the dollar and the financial markets in general.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 28th of July, 2008

  • DailyFXNews Jul 25 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Price Action Rules! BKTraderFx 07.26.08-

    fx weekly lesson

  • US Dollar Shaking Off Risk Aversion-

    Even though the stock market dropped by the largest amount since 2000, the US dollar is shaking off risk aversion to rebound back towards its monthly highs against the Japanese Yen. I’ve been keeping a close eye on gold prices and the fall in gold this morning confirms that the markets have not been spooked by the drop in the Dow. The strong durable goods numbers dollar bulls hope. The stock market could actually recover today since the durables number indicates that not all businesses have cut back their spending.

    The divergence between the price action of the dollar, the stock market, gold and oil prices indicate that risk aversion yesterday was limited. Even though the dollar dropped against the Japanese Yen, it rallied against all of the other G10 currencies. Within all of the volatility yesterday, the dollar index actually rallied.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 25th of July, 2008

  • 132. Why Choosing a Forex Broker is so Confusing-

    http://www.informedtrades.com Learn how to sort through the chaos and confusion on the web to learn what forex brokers are best for individual currency traders.

  • DailyFXNews Jul 24 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 24th of July, 2008- LATE DUE TO YOUTUBE ERROR

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 24th of July, 2008- LATE DUE TO YOUTUBE ERROR

  • DailyFXNews Jul 23 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Jul 23 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • The 3Ps Push the Dollar Higher-

    The US dollar continues to recover this morning on the aftermath of the 3Ps - Paulson, Plosser and price of oil. Oil prices are trading on the $125 handle and since last Monday they have fallen more than 14 percent. If oil prices reach $100 a barrel, half of the Fed’s problems would be solved; Consumers would become more liberal with their spending while businesses would become more optimistic.

    As for Plosser and Paulson, the Fed President called for interest rates to be increased sooner rather than later, reminding the traders that the Fed still has their eyes on a rate hike.

    US Treasury Secretary Paulson was confident that Congress would approve his housing rescue plan this week and so far they are moving forward as planned, with some adjustments.

    Paulson proposed increasing Fannie and Freddie’s credit line with the Treasury and permission to buy stock in the mortgage giants. The deal that is likely to come out of the House and Senate would permit the government to inject billions of dollars in Fannie and Freddie and to insure up to $300B in refinanced mortgages. The plan is up for vote at the House of Representatives today.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 23rd of July, 2008

  • DailyFXNews Jul 22 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Comments from Plosser and Paulson Drives Dollar Higher-

    US officials are out in force this morning talking up the dollar and attempting to restore some stability in the financial markets. With US Treasury Secretary Paulson saying that “a strong dollar is really very important” and Fed President Plosser calling for a rate hike before the economy turns around, it is not surprising to see the Euro below 1.59.

    A strong dollar is important because it helps to reduce inflationary pressures. If oil falls back down to $100 a barrel, half of the Fed’s problems would be solved. Consumers would become more liberal with their spending while businesses would become more optimistic.

    For companies like American Express, more liberal consumer spending is exactly what they need. According to last night’s earnings report, the bank’s most affluent cardholders spent less on discretionary purchases in the second quarter. It seems that even their Black Card holders are cutting back, illustrating how widespread the pain in consumer sector has been.

  • Correlation Between the Dollar and Fed Fund Futures-

    This article examines some of the correlations that we talk about regularly, between USD/JPY and stocks or the EUR/USD and oil. The premise of this article is that these correlations may be fading, even though USD/JPY has traded in sync with the Dow today while the positive correlation between the EUR/USD and oil prices remain intact.

    Correlations run hot and cold and even though the Wall Street Journal Article may have a point, there will always be times when correlations are strong and weak.

  • Fundamentals To Drive the Yen?-

    Hot in on the heels of my paper on carry trade and risk aversion it seems as if the Yen is now reverting to those famous fundamentals. Consequently, we learned a few days ago how JPMorgan were telling their clients and the rest of us how the Yen is likely to decline to 114 as Japanese investors buy debt which is not denominated in Yen (i.e. depreciation due to outflows).

    The yen may weaken to 112 per dollar by March 2009 as Japanese individual investors shift money into foreign-currency bonds from investment trusts, said Tohru Sasaki, chief currency strategist in Tokyo at JPMorgan Chase & Co.

  • Fundamentals To Drive the Yen?-

    Hot in on the heels of my paper on carry trade and risk aversion it seems as if the Yen is now reverting to those famous fundamentals. Consequently, we learned a few days ago how JPMorgan were telling their clients and the rest of us how the Yen is likely to decline to 114 as Japanese investors buy debt which is not denominated in Yen (i.e. depreciation due to outflows).

    The yen may weaken to 112 per dollar by March 2009 as Japanese individual investors shift money into foreign-currency bonds from investment trusts, said Tohru Sasaki, chief currency strategist in Tokyo at JPMorgan Chase & Co.

  • DailyFXNews Jul 21 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1216676020028.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Understanding Why EUR/JPY Hit a Record High-

    Although it has been relatively quiet in the foreign exchange market today, the Euro hit a record high against the Japanese Yen. The primary reason why EUR/JPY has rallied 11 percent over the past 3.5 months is because of US growth - not many people realize that the price action of EUR/JPY is directly correlated with how the US economy is doing.

    According to the following chart, there is a strong correlation between manufacturing ISM and EUR/JPY. The arrows on the chart point to the times when manufacturing ISM had a meaningful dip below the 50 boom / bust level. This has happened more than 7 times over the past 20 years. Each time the US manufacturing sector contracted, EUR/JPY rallied. On average, from the month that ISM contracted to the month that ISM moved back above 50, EUR/JPY rallied 314 pips.

    eurjpy072108

  • On the USD, a Grand Polarization: Ron Paul's troops are confused- Today is a day to talk about paradigm shifts.

    One theme of our times is the US dollar 'collapse' all facilitated by political mismanagement of our system, unsustainable trade deficits, bloated budget deficits, horrible energy policy, and most recently, a credit crisis causing a loss of faith in US assets.

    You don't need to go far to find areas of the blogosphere and youtube where goldbugs congregrate and call to an end of time, soliciting everyone to buy their duct tape and prepare to deal with our transition to becoming the next Zimbabwe.

    So amidst all of this, plenty of emotion is gathered. Who can deny that any threat to the sanctity of the dollar is upsetting and definitely a threat to national pride? Its easy to understand how disappointing this situation can be for us Americans, who for the better part of our lives have lived under the notion of a nationalistic and even moral superiority. What a dilemma that puts us in this past few years, having to gather some humility having 'failed' on multiple levels?
  • FOREX Technical Analysis-

    EUR/USD pair overview for the 21st of July, 2008

  • Trading Fear and Greed in FX-

    fx weekly

  • DailyFXNews Jul 18 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • US Dollar and Euro: New Week, Same Drivers-

    On Monday, the EUR/USD was trading at 1.5922 while USD/JPY was trading at 106.26, not far from current levels, but of course these rates masks what can only be likened to a rollercoaster ride in the financial markets. There was a number of event risks and economic data released over the past week, yet the drivers of the financial market volatility can be boiled down to 2 things; the health of the financial sector and oil prices.

    We have come a long way since traders first speculated about the possible demise of Fannie Mae and Freddie Mac. The Federal Reserve and the Treasury have offered different solutions to avert more serious problems while Freddie Mac has announced plans to raise capital by selling as much as $10 billion in new shares to investors. Based upon the 600 point recovery in the Dow off of Tuesday’s intraday low, for the time being traders believe that this could be enough.

  • FOREX Technical Analysis-

    EUR/USD trading suggestion for the 18th of July, 2008

  • DailyFXNews Jul 17 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 17th of July, 2008

  • DailyFXNews Jul 16 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 16th of July, 2008

  • DailyFXNews Jul 15 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1216155235661.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 15th of July, 2008

  • DailyFXNews Jul 14 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 14th of July, 2008

  • DailyFXNews Jul 11 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • "Greek Speak" with Al Brinkman-

    WTV's "Greek Speak" options expert, Jared Levy, talks with Al Brinkman of the Philadelphia Stock Exchange. To see this episode in full and for free, please go to www.wizetradetv.com

  • Follow the Model! BKTraderFx 07.11.08-

    fx news

  • DailyFXNews Jul 10 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1215636676183.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 11th of July, 2008

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 10th of July, 2008

  • DailyFXNews Jul 9 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1215636676183.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair trading suggestion for the 9th of July, 2008

  • DailyFXNews Jul 8, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Jul 3, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • 3 Reasons Why the Dollar Rally Continues-

    July 4th has come and gone yet the dollar rally is here to stay. There are 3 things driving the US dollar higher today:

    1. Hawkish Comments from Janet Yellen

    San Francisco Fed President Janet Yellen spoke in San Diego this morning. Like her counterparts at the Fed, she is paving the road for a third or fourth quarter rate hike. For dollar bulls, Yellen’s concerns about inflation and less pessimistic take on growth were encouraging.

    On inflation, Yellen said that the Fed will not allow a wage-price spiral to develop and on growth, she was “reassured by recent data” which suggests that the “downside have, so far, been avoided.” It is important to note that she does expect weak growth to continue for the remainder of the year and for the unemployment rate to rise further. Although Yellen is not a voting member of the FOMC this year, the currency market is eating up any hints that the Federal Reserve will be more aggressive than the ECB with raising interest rates over the next 12 months.

    2. Euro: No Bias Equals No Action

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 6th of July, 2008

  • Staying With Trend - BKT 07.04.08-

    fx trades

  • DailyFXNews Jul 3, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair trading analysis for the 4th of July, 2008

  • U.S. Dollar Vs. Euro: Expect A Turbulent Thursday- On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number ("nonfarm payrolls") to show a 60,000 reduction.

    Question: How should the two events affect the U.S. dollar's standing against other currencies?
    Well, in theory, when a central bank raises interest rates, it makes that country's assets more attractive to foreign investors. And since the country's assets are denominated in that country's currency, it also becomes "more attractive" – i.e. it gains.

    A weak jobs report speaks for itself. So, come Thursday, the USD should get decimated. Will it?
    Possibly, but… If you've traded forex for a while, you've seen many instances when the market would react "illogically" to the news. What's stopping Thursday from being one of those days?
  • June Non-Farm Payroll- June Non-Farm Payroll Report — Consensus Estimate 50K to 60K Loss in Payroll Jobs

    The unemployment rate in May jumped more than it has in over two decades, reaching its highest level since October 2004 and emphasizing the recessionary risk the U.S. economy is currently facing. The civilian unemployment rate spiked to 5.5 percent from 5.0 percent in April, coming in much worse than the expectation of 5.1 percent. The last time the unemployment rate jumped half a percentage point was February 1985. With nearly 49,000 jobs cut from payrolls following decreases of 28,000 in April and 88,000 in March, May marked the fifth consecutive month of job losses. Overall, the economy has shed 324,000 jobs this year.

    The latest decrease was led by declines in construction, professional & business services, retail trade, and manufacturing. Revisions to March and April resulted in a net revision downward of 15,000. On the inflation front, average hourly earnings advanced 0.3 percent in May, coming in above the market projection for a 0.2 percent boost.
  • DailyFXNews Jul 2 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Second__Euro_zone__1215038923997.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    USD/JPY pair trading suggestion for the 3rd of July, 2008

  • Drilling deeper for dollars-

    Jul 1 - As oil consumption grows and access to most oil-rich regions becomes increasingly restricted, companies are venturing farther out to sea, drilling deeper than ever in their quest for energy.A decade ago when Chevron's Petronius came online it was one of the deepest water oil production facilities in the Gulf of Mexico --at 17-hundred feet. The next oil frontier - and the challenge for oil exploration - lies below 10,000 feet of water, through five miles of hard rock, thick salt and tightly packed sands. Ruben Ramirez reports.

  • DailyFXNews Jul 1, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    GBP/USD pair trading suggestion for the 2nd of July, 2008

  • EURUSD: U.S. Interest Rates Unchanged. Now What?- On June 25, at 2:15 PM, the Federal Reserve did the expected and left U.S. interest rates unchanged at 2%, albeit "signaling rising worries about inflation risks." (The Wall Street Journal)

    Going into the announcement, the general expectation of the analysts quoted in the financial media was for the USD to "come under a little bit of pressure'' after the news. And it did: The buck first gained, but then lost to the euro, pushing the EURUSD exchange rate about 100 pips higher in the afternoon.

    The question now is: Was that all of the "pressure" the USD would see, or is there more to come?

    Well, with the Fed's decision out of the way, all eyes now are on the European Central Bank that meets next week to decide on interest rates in the Eurozone. And the ECB has been talking "inflation," hinting they may not sit on their hands like the Fed did on June 25.
  • FOREX Technical Analysis-

    GBP/USD pair overview for the 1st of July, 2008

  • DailyFXNews Jun 30 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 30th of June, 2008

  • High Probability Profit in 00 - Trade Time Not Price-

    fx trades

  • DailyFXNews Jun 27, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Paulson: China should let currency rise-

    June 10. - U.S. Treasury Secretary Henry Paulson called on China to let its currency rise to control inflation.

  • FOREX Technical Analysis-

    EUR/USD and AUD/USD pairs trading suggestion for the 27th of June, 2008

  • DailyFXNews Jun 26 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 26th of June, 2008

  • DailyFXNews Jun 25, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • DailyFXNews Jun 06 2008 - Forex in 60 Seconds-

    Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • Podcast: Comments on Energy, the US Dollar … And More-

    A couple of weeks ago I was invited by the guys at “The Market Traders” to join in on their weekly roundtable podcast as one of three guest panelists.  If you check out their site, you’ll see that they’re big on commodities.  Possibly a bit more of a speculative bent to their site with ads that make me think that it’s a place where stock pickers come to congregate.  However, I was surprised to find that I wasn’t the only one commenting on ETFs and my fellow panelists didn’t really spend a lot of time discussing specific stocks although a few ETFs were mentioned (not just by me).

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 25th of June, 2008

  • DailyFXNews Jun 24 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds__Why_1214339768909.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • When U.S. Stocks Decline, The Dollar Rallies- Is it worth trying to gauge the long-term trend in the U.S. dollar based on the trend in U.S. stocks?

    There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies.

    The faith in inter-market correlations is strong because of the constant rumination of this idea in the financial press. Hardly a day goes by without somebody saying something like: “Higher oil prices sent the U.S. dollar down today, as rising energy costs are feared to slow down the U.S. economy.” Or, “The dollar gained today as a rally in the Dow restored investor confidence in the strength of the U.S. economy.”

    That's not to say that correlations between markets don't exist. They do, but they are always temporary.

    Still, at Elliott Wave International's Message Board, readers often ask us to verify them. One question that comes up frequently is this: "When U.S. stocks decline, the U.S. dollar rallies, and vice versa. Is this correct?" When trying to answer a question like that, you could go a couple of routes:
  • Elliott Wave on Crude and the USD- USD & Crude Short Term Forecast Update

    USD

    The USD has completed a leading diagonal and is currently in a wave (2) correction. The current wave up is close to completion and we should see one more wave down to complete wave (2) down. Once this wave down completes, we should see a strong rally in wave (3) up.

    Crude

    Crude is currently in a wave (2) correction in wave [5] up. We should see minor downside to the 130 area before a strong rally in wave (3) up. Once wave [5] up completes we should see a sharp decline in Crude and a strong rally for the USD. We are expecting a big reversal day to signal the top of the rally for Crude in our target area of 150-155.

    The metals are also aligning for a sharp decline after the USD completes wave (2) down.

    USD Chart
  • DailyFXNews Jun 23, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair trading suggestion for the 24rd of June, 2008

  • FOREX Technical Analysis-

    GBP/USD pair overview for the 23rd of June, 2008

  • DailyFXNews Jun 20 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1213997153726.html Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

  • FOREX Technical Analysis-

    EUR/USD pair overview for the 20th of June, 2008

  • DailyFXNews Jun 19, 2008 - Forex in 60 Seconds-

    http://www.dailyfx.com/ Daily analysis of the US forex market trading session with DailyFX Currency Analysts John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.