Tag Archives: Forex Markets

A.M. Look 8/1/11

Posted on 08/01/2011

We’ve seen the euphoria that goes with positive statements out of D.C. Now will an ugly reality set in during our day session as the votes are tallied and the details of a deal become clear? In currency land the … Continue reading →

GBP…Pattern Alert

Posted on 07/29/2011

The British Pound is putting in an outside reversal day to the upside, while for now, it is just shy of the outside reversal Monthly pattern. GBP/JPY is trying to make up it’s mind off a weekly pattern. It’s the … Continue reading →

USD/JPY…Fear Trade

Posted on 07/29/2011

The yen futures have elected the IMM stops over the March high. The cash spiked to 76.25 USD/JPY before the futures reopened, that’s app 131 ish. So yes, the futures can still rally another 140 points to match up with … Continue reading →

A.M. Look 7/29/11

Posted on 07/29/2011

It’s the last day of the Month: The overnight low in the Spu was app the 200 day mvg avg. ( 1282 ish), NASD shows value at 2295-2310 first time down…I would still like to see AAPL print 378-80 to … Continue reading →

USD/CAD…Stops…Safe Haven Price Action

Posted on 07/27/2011

Currently USD/CAD is having difficulty with the 94 level. A close today over 94.80 will have us sell the remainder of this position. We’ve been stopped out of Cat…( “The dog with the least amount of fleas” Gordon Gekko ..after … Continue reading →

USD/CHF…Suisse

Posted on 07/27/2011

Price action…USD/CHF put in a lower low from yesterday and is trying to reverse. What to look for… Price action has to minimally maintain over 80.20 USD/CHF and a close is needed, today, over 80.70 USD/CHF to think you’ve seen … Continue reading →

A.M. Look 7/27/11

Posted on 07/27/2011

The main feature last night was the Aussie. Major stops were elected over 110.20. 110.81 ( 1979 low)-111( opening of trading in the AUD/USD 1971) is the resistance I show. 111 is a huge # for me on a lot … Continue reading →

A.M. Look 7/26/11

Posted on 07/26/2011

It’s all about the Dollar. The Dollar is off against all major currencies from the Mxn Peso,Ruble,RAND, KIWI,SEK,NOK SING,YOU NAME IT… Significant levels… EURO/USD….145.20ish….144.50 close AUD/USD….110.14 = 2/3 rds coming back for life of Currency…possible double top area on the … Continue reading →

A.M. Look 7/25/11

Posted on 07/25/2011

For those of you that don’t already read Yra,you should!, He was a particularly interesting read last night. http://yrah53.wordpress.com/2011/07/24/cancan/ There will be a lot of posturing this A.M. across the currencies and equity Indices, waiting for our fearless leaders to … Continue reading →

The Late Show…Position Adjustments

Posted on 07/22/2011

AAPL …396.27 has my full attention…it was up closer to 400 in pre-market after earnings..however, price rejection here can put in a short term double top. A 20-25 dollar break would be healthy for this instrument. NASDAQ 100 Futures is … Continue reading →