Archive for February, 2012

USD/CHF Update

Feb 28 2012

It appears that USD weakness is set to continue but as so many pairs approach significant levels of support/resistance it is a good idea to watch for bounces/trend line break out.  So having said that, look at the USD/CHF as it creates a double bottom on the 4H chart there…

Gold Update

Feb 26 2012

Gold is holding very strong but we saw in the COT (commitment of traders) last week that commercial investors were starting to put their money on gold going lower.  We saw a break up of 1760 mid week but then consolidation for the rest of the week.  Now it’s time…

GBP/USD Update

Feb 21 2012

The GBP/USD is sitting at a key support level, a break should start a small run and if momentum can keep up a longer term run should be in the works.  Likewise the upside momentum could be confirmed if the GBP can get above and hold above 1.5800.   Click…

EUR/USD update, short term/immediate levels

Feb 21 2012

Here is an update on what to look for with the EUR/USD over the next several hours through the current Asian and UK sessions.  See the graph below, click on the image to enlarge the photo.

Just a reminder of what’s going on in Europe

Feb 15 2012

I posted this little video tutorial several months back but it still seems to be VERY relevant.  

The Federal Reserve’s Explicit Goal: Devalue The Dollar 33%

Feb 15 2012

This is the hot topic right now, why the Fed wants to keep the USD WEAK!!! The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch…

Rapid Recovery on the Euro

Feb 15 2012

We had what looked like to be a start of the down trend (FINALLY) on the EUR/USD and Tuesday afternoon during the Asian session we saw that movement reversed quickly and with some serious force. What caused the sudden change? China, who else.  They have been in and out of…

EURUSD

Feb 09 2012

EURUSD update coming soon….

Euro and the GBP, what will the next dropping shoe be?

Feb 08 2012

ECB’s February monetary policy meeting draws market attention as many think another 25 bps rate cut is imminent, although it is not sure whether Mario Draghi will proceed with it next week, or will want to wait a little longer. The BoE on the other hand will surely maintain interest…

Fed’s Easy Money Policy to Weigh on Dollar

Feb 08 2012

Is the Fed making is impossible for the USD to strengthen?  Don’t agree with me, see what John Taylor has to say about the matter.  Keep in mind this interview was done a few days before Bernanke reconfirmed how weak he’s going to keep the USD while he have his…