Most Active Articles 2009-11-24T09:05:51.119-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:forex-trading BX Administrator bwadmin urn:com:businessweek:bx:article:13444329780313968990-0b6f487da5bdf5c8d582e7baffd37743 2009-11-23T20:20:17.567-05:00

Strong selling pressure from Europe and Asia put pressure on the U.S. Dollar early in the trading session. After early New York session weakness plunged the Dollar Futures Index toward last week’s low at 74.75, shorts began covering their positions when the U.S. reported better than expected existing home sales. By the opening, the Dollar had retraced more than 50% of last week’s rally following bearish comments over the weekend by St. Louis Fed President James Bullard who restated his case for extending the central bank’s mortgage buyback program. Bullard said, “unemployment is high, and labor markets are lagging.” This comment triggered the early sell-off in the Dollar because it strongly supported the Fed’s stance that interest rates would remain low for a “prolonged period”. The Euro once again took a run at the psychological resistance at $1.5000 before sellers stepped in. The rally in the Euro was triggered by Bullard’s bearish Dollar comments and last Friday’s news that European Central Bank would take steps to make it tougher for banks to make loans.

Strong selling pressure from Europe and Asia put pressure on the U.S. Dollar early in the trading session. After early New York session weakness plunged the Dollar Futures Index toward last week’s low at 74.75, shorts began covering their positions when the U.S. reported better than expected existing home sales. By the opening, the Dollar had retraced more than 50% of last week’s rally following bearish comments over the weekend by St. Louis Fed President James Bullard who restated his case for extending the central bank’s mortgage buyback program. Bullard said, “unemployment is high, and labor markets are lagging.” This comment triggered the early sell-off in the Dollar because it strongly supported the Fed’s stance that interest rates would remain low for a “prolonged period”. The Euro once again took a run at the psychological resistance at $1.5000 before sellers stepped in. The rally in the Euro was triggered by Bullard’s bearish Dollar comments and last Friday’s news that European Central Bank would take steps to make it tougher for banks to make loans. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/US_Dollar_Reverses_Early_Session_Weakness/167651 ForexHound.com -Analysis ftrends24775 0 0 0 0 urn:com:businessweek:bx:article:5207893071318532379-61bb68ef6bc66a23d58d557a506f7645 2009-11-23T20:21:22.927-05:00

All three major stock indices finished higher but intra-day trading action suggests that the markets may be getting expensive at current levels. This morning the three indices surged to the upside mostly on strong buying in Asia and Europe overnight. These markets were buoyed by the weaker Dollar and strong demand for higher yielding assets. Overnight, stock indices got a boost when the Dollar weakened following bearish comments from St. Louis Fed President Bullard. He suggested that the Fed consider extending its mortgage buyback program beyond the March 2010 ending date. This put pressure on the Dollar because it told traders that interest rates would remain low for a long time. It also offered hints at how Bullard feels about the economic recovery. This caused traders to pile on the Dollar and drive up stocks and commodities. After an initial surge following the U.S. opening, traders got a dose of reality with a better than expected U.S. Existing Home Sales Report. The Dollar strengthened on the friendly report triggering a profit-taking break in stocks.

All three major stock indices finished higher but intra-day trading action suggests that the markets may be getting expensive at current levels. This morning the three indices surged to the upside mostly on strong buying in Asia and Europe overnight. These markets were buoyed by the weaker Dollar and strong demand for higher yielding assets. Overnight, stock indices got a boost when the Dollar weakened following bearish comments from St. Louis Fed President Bullard. He suggested that the Fed consider extending its mortgage buyback program beyond the March 2010 ending date. This put pressure on the Dollar because it told traders that interest rates would remain low for a long time. It also offered hints at how Bullard feels about the economic recovery. This caused traders to pile on the Dollar and drive up stocks and commodities. After an initial surge following the U.S. opening, traders got a dose of reality with a better than expected U.S. Existing Home Sales Report. The Dollar strengthened on the friendly report triggering a profit-taking break in stocks. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/SP_Finishes_Higher_but_Erases_Most_DaySession_Gains/19525 Forextrends 24 ffuturetrends24049 0 0 0 0 urn:com:businessweek:bx:article:11380210989421669022-914e1711db7ade780a9eba63db10f993 2009-11-23T14:19:02.295-05:00

Your Source for Daily FOREX Market News and Analysis

Your Source for Daily FOREX Market News and Analysis http://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2009-11-21-0253-Forex_Weekly_Trading_Forecast__.html Daily FX mszewczyk678 0 0 0 0 urn:com:businessweek:bx:article:2735692451726108556-623e417644e9d22c84e8878a595cc227 2009-11-20T19:40:44.689-05:00

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up. The low for the week for the Dollar was posted shortly after Fed Chairman Bernanke mentioned his concern for the Dollar in a speech. Although he never said the Dollar was too weak, he did say that the Fed would monitor its value to make sure that it did not interfere with its mandate to shore up employment and maintain price stability. At first this statement seemed like the similar lip-service the Treasury usually produces when asked about the Dollar. Traders definitely reacted this way when they sent the Dollar lower and stocks higher. The next day, however, European Central Bank President Trichet stated he agreed with Bernanke then proceeded to talk up the Dollar. In my opinion, it was the statement by Trichet which had the most impact on the Dollar as it put an end to the rally in the Euro.

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up. The low for the week for the Dollar was posted shortly after Fed Chairman Bernanke mentioned his concern for the Dollar in a speech. Although he never said the Dollar was too weak, he did say that the Fed would monitor its value to make sure that it did not interfere with its mandate to shore up employment and maintain price stability. At first this statement seemed like the similar lip-service the Treasury usually produces when asked about the Dollar. Traders definitely reacted this way when they sent the Dollar lower and stocks higher. The next day, however, European Central Bank President Trichet stated he agreed with Bernanke then proceeded to talk up the Dollar. In my opinion, it was the statement by Trichet which had the most impact on the Dollar as it put an end to the rally in the Euro. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Dollar_Closes_Higher_for_Week_against_a_Basket_of_Currencies/167574 ForexHound.com -Analysis ftrends24775 1 1 0 0 urn:com:businessweek:bx:article:182838020227955746-1b4b828478b6ba05030c91a486c9e8e2 2009-11-20T19:41:53.436-05:00

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break. The trend may turn down on the daily chart, but the weekly charts still indicate that the main uptrend is still intact. A break though 1026.00 will turn the main trend down on the S&P weekly chart. The current pattern suggests that a break to 1069.00 is likely this week. A trade through 1650.25 will turn the NASDAQ contract lower on the weekly chart. The current set up points toward a test of 1732.00. Despite the lower equity markets, Treasury Bonds couldn’t hold on to earlier gains and fell on profit-taking. Bernanke gave the green light for Treasury traders to continue to get long as he cited a weak economic picture as the main reason for the Fed to keep pressure on interest rates. Money leaving the equity markets and seeking safety also gave December T-Bonds and T-Notes support.

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break. The trend may turn down on the daily chart, but the weekly charts still indicate that the main uptrend is still intact. A break though 1026.00 will turn the main trend down on the S&P weekly chart. The current pattern suggests that a break to 1069.00 is likely this week. A trade through 1650.25 will turn the NASDAQ contract lower on the weekly chart. The current set up points toward a test of 1732.00. Despite the lower equity markets, Treasury Bonds couldn’t hold on to earlier gains and fell on profit-taking. Bernanke gave the green light for Treasury traders to continue to get long as he cited a weak economic picture as the main reason for the Fed to keep pressure on interest rates. Money leaving the equity markets and seeking safety also gave December T-Bonds and T-Notes support. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/SP_and_NASDAQ_Post_Weekly_Reversal_Tops/19522 Forextrends 24 ffuturetrends24049 0 0 0 0 urn:com:businessweek:bx:article:13849226816630909745-e60319b96ef139d42be7e5ddde9542c7 2009-11-20T11:02:21.199-05:00

Despite Short-Lived Setbacks, Risk Sentiment and the Carry Trade are Still Set in their Long-Term Bull Trend Nov, 06 Risk Appetite, the Dollar and the Dow Await a Fundamental Catalyst to Establish the Next Principal Trend Oct, 30 Has the Strong US...

Despite Short-Lived Setbacks, Risk Sentiment and the Carry Trade are Still Set in their Long-Term Bull Trend Nov, 06 Risk Appetite, the Dollar and the Dow Await a Fundamental Catalyst to Establish the Next Principal Trend Oct, 30 Has the Strong US... http://www.dailyfx.com/forex/fundamental/article/carry_trade_basket/2009-11-20-0506-Reality_Setting_in_as_Growth_.html Daily FX mszewczyk678 0 0 0 0 urn:com:businessweek:bx:article:1278764268984682814-5fe9596761dc963ad5d3524a8d3149ec 2009-11-19T19:52:08.461-05:00

U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go. U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels. Some investors say that the current break is setting up another buying opportunity. The bears will be watching Friday’s close for indications of a reversal top. This could lead to the start of a 2 to 3 week correction. Some bulls fear that end-of-the-year liquidation may be taking place early. Treasury futures rallied today as money left higher risk assets for the safety of the lower-yielding T-Bonds and T-Notes. This money movement helped drive yields lower. Both bonds and notes have been finding support lately on the thought that a weaker economy will force the Fed to leave interest rates low. The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.

U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go. U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels. Some investors say that the current break is setting up another buying opportunity. The bears will be watching Friday’s close for indications of a reversal top. This could lead to the start of a 2 to 3 week correction. Some bulls fear that end-of-the-year liquidation may be taking place early. Treasury futures rallied today as money left higher risk assets for the safety of the lower-yielding T-Bonds and T-Notes. This money movement helped drive yields lower. Both bonds and notes have been finding support lately on the thought that a weaker economy will force the Fed to leave interest rates low. The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/Equity_Markets_Soften_as_Traders_Reevaluate_Long_Positions/19519 Forextrends 24 ffuturetrends24049 1 1 0 0 urn:com:businessweek:bx:article:7215288276230064677-4ae9984f2d7bc5e02c61fbd51ed67f8b 2009-11-19T15:26:02.921-05:00

US Dollar Forecast to Bounce on Sentiment Shift Nov, 05 US Dollar Forecast Bearish Ahead of Nonfarm Payrolls Oct, 01 US Dollar Forecast to Rally versus Euro on Forex Sentiment Oct, 29 US Dollar Recovery Falters on GDP but Still on Track Oct, 22 US...

US Dollar Forecast to Bounce on Sentiment Shift Nov, 05 US Dollar Forecast Bearish Ahead of Nonfarm Payrolls Oct, 01 US Dollar Forecast to Rally versus Euro on Forex Sentiment Oct, 29 US Dollar Recovery Falters on GDP but Still on Track Oct, 22 US... http://www.dailyfx.com/forex/technical/ssi/table/2009-11-19-1526-US_Dollar_Forecast_To_Bounce.html Daily FX mszewczyk678 1 1 0 0 urn:com:businessweek:bx:article:18330719693440343673-c60615069e604c52c5e602c93d766a0e 2009-11-19T19:45:57.778-05:00

The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels. The EUR USD traded sharply lower early in the trading session but managed to erase more than half of the loss by the close. Traders have been sensitive to recent comments from European Central Bank President Trichet who tried to talk up the Dollar. From a technical perspective, the Euro is range bound between 1.4625 - 1.5049. The mid-point of this range at 1.4865 is becoming short-term support. A close below this figure will be a sign of weakness. Regaining 1.5000 on a closing basis will be a bullish sign. GBP USD traders largely ignored friendly October retail data and pressured the British Pound most of the day. Investors are still trying to sort out the meaning of the split vote between Bank of England members regarding its quantitative easing plan. Some say there is mixed interpretation of the economy while others feel that this is a sign the BoE may begin easing up on its asset-buyback program. Either scenario is making British Pound traders uncomfortable holding long positions. Technically, the recent strong rise was a little too much for the market to handle. The current overbought condition could trigger a retracement all the back to 1.6292 before serious buyers re-emerge. Credit issues are beginning to crop up again which could make long traders nervous.

The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels. The EUR USD traded sharply lower early in the trading session but managed to erase more than half of the loss by the close. Traders have been sensitive to recent comments from European Central Bank President Trichet who tried to talk up the Dollar. From a technical perspective, the Euro is range bound between 1.4625 - 1.5049. The mid-point of this range at 1.4865 is becoming short-term support. A close below this figure will be a sign of weakness. Regaining 1.5000 on a closing basis will be a bullish sign. GBP USD traders largely ignored friendly October retail data and pressured the British Pound most of the day. Investors are still trying to sort out the meaning of the split vote between Bank of England members regarding its quantitative easing plan. Some say there is mixed interpretation of the economy while others feel that this is a sign the BoE may begin easing up on its asset-buyback program. Either scenario is making British Pound traders uncomfortable holding long positions. Technically, the recent strong rise was a little too much for the market to handle. The current overbought condition could trigger a retracement all the back to 1.6292 before serious buyers re-emerge. Credit issues are beginning to crop up again which could make long traders nervous. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Dollar_Gains_as_Investors_Shy_Away_from_Risky_Assets/167513 ForexHound.com -Analysis ftrends24775 0 0 0 0 urn:com:businessweek:bx:article:15723633096940030458-93bc20528e84e21c68108e1170148660 2009-11-16T19:26:30.028-05:00

The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than trading the USDX most retail traders use it as way to analyze the relative strength or weakness of the US Dollar in general.Dollar

The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than trading the USDX most retail traders use it as way to analyze the relative strength or weakness of the US Dollar in general.Dollar http://www.learningmarkets.com/index.php/20090618689/Forex/Forex-Intermarket-Analysis/the-us-dollar-index-usdx.html S. Wade Hansen shansen018 3 2 1 0 urn:com:businessweek:bx:article:12240036290841999987-a49ae29266156d8d353a55ac396c8270 2009-11-16T19:24:25.757-05:00

U.S. Trade: The major U.S. indexes are currently holding higher, after posting strong gains near the opening bell. The uptrend was led by basic materials sector, the same group that propelled the European equity markets higher earlier in the day.

U.S. Trade: The major U.S. indexes are currently holding higher, after posting strong gains near the opening bell. The uptrend was led by basic materials sector, the same group that propelled the European equity markets higher earlier in the day. http://www.learningmarkets.com/index.php/Forex-Pairs/TheLFB/global-market-wrap-equities-up-on-commodity-strength-and-weakness.html S. Wade Hansen shansen018 1 0 1 0 urn:com:businessweek:bx:article:9297975960349627089-b8632e20368de7d41d26c799c23c1fb1 2009-11-16T19:25:23.961-05:00

Overall, most of the major pairs swung around the highs touched during the Asian session. However, during the second part of the U.S. session, Mr. Bernanke’s speech had a strong influence on the currency market, temporarily strengthening the dollar. The move had no follow-through and the market retraced every pip that the dollar gained during spike created by the head of the Federal Reserve.

Overall, most of the major pairs swung around the highs touched during the Asian session. However, during the second part of the U.S. session, Mr. Bernanke’s speech had a strong influence on the currency market, temporarily strengthening the dollar. The move had no follow-through and the market retraced every pip that the dollar gained during spike created by the head of the Federal Reserve. http://www.learningmarkets.com/index.php/Forex-Pairs/TheLFB/currency-pair-overview-no-strong-dollar-in-monday-trade.html S. Wade Hansen shansen018 1 0 1 0 urn:com:businessweek:bx:article:10704147835955907018-f45938b9dc48815c9a556f875b94dbef 2009-11-18T19:25:07.864-05:00

The EUR USD posted a sizable gain. Tuesday's supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide today. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher. If upside momentum continues at the current pace, we could see a test of 1.5063 tomorrow. The GBP USD traded lower on Wednesday. This was triggered by a negative reaction to the Bank of England minutes and overbought technical conditions. Traders reacted to the news from the BoE minutes that the vote was split regarding the recent expansion of the central bank’s quantitative easing program. The initial reaction to the split vote was positive as it suggested the bank would not expand further. The market, however, broke after a follow-through rally failed. Traders looked for the safety throughout the New York session while they sorted out the data from the minutes report. The U.S. reported an unexpected drop in Housing Starts. This bad news kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars.

The EUR USD posted a sizable gain. Tuesday's supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide today. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher. If upside momentum continues at the current pace, we could see a test of 1.5063 tomorrow. The GBP USD traded lower on Wednesday. This was triggered by a negative reaction to the Bank of England minutes and overbought technical conditions. Traders reacted to the news from the BoE minutes that the vote was split regarding the recent expansion of the central bank’s quantitative easing program. The initial reaction to the split vote was positive as it suggested the bank would not expand further. The market, however, broke after a follow-through rally failed. Traders looked for the safety throughout the New York session while they sorted out the data from the minutes report. The U.S. reported an unexpected drop in Housing Starts. This bad news kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/EUR_USD_has_Free_Ticket_for_Rally/167461 ForexHound.com -Analysis ftrends24775 0 0 0 0 urn:com:businessweek:bx:article:18017873006853143576-f1c914e2420724bc79cbfbb5623f1c37 2009-11-18T19:26:26.331-05:00

Despite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy. Treasury futures traded lower throughout the session despite the weak housing starts report. Today the U.S. also reported that the Core CPI rose. This report was most likely the cause of the break as it served as a reminder that inflation was still out there. Technically, today's closing price reversal indicates overbought conditions and could trigger the start of a 2 to 3 day break. This weaker than expected housing starts report kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars.

Despite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy. Treasury futures traded lower throughout the session despite the weak housing starts report. Today the U.S. also reported that the Core CPI rose. This report was most likely the cause of the break as it served as a reminder that inflation was still out there. Technically, today's closing price reversal indicates overbought conditions and could trigger the start of a 2 to 3 day break. This weaker than expected housing starts report kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/Bad_Housing_Starts_Report_Limits_Upside_Movement_in_US_Equity_Markets/19515 Forextrends 24 ffuturetrends24049 0 0 0 0 urn:com:businessweek:bx:article:13604402741913165096-5bc882bafa7ee5bfa2037ec0890cda7c 2009-11-18T14:01:31.818-05:00

British Pound Fails to Hold Ground Despite the Rise in U.K. CPI, Euro Consolidate Nov, 16 Euro Poised to Test Yearly High, British Pound Continues to Trend Sideways Nov, 13 Euro Halts Three-Day Decline as Economy Emerges From Recession, British...

British Pound Fails to Hold Ground Despite the Rise in U.K. CPI, Euro Consolidate Nov, 16 Euro Poised to Test Yearly High, British Pound Continues to Trend Sideways Nov, 13 Euro Halts Three-Day Decline as Economy Emerges From Recession, British... http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2009-11-18-1118-British_Pound_Holds_Narrow_Range.html Daily FX mszewczyk678 0 0 0 0 urn:com:businessweek:bx:article:10475110044805739063-a5b5c6e6251c4be965d7c1ec558b0574 2009-11-17T18:48:57.262-05:00

Stock Index futures eked out a small gain in a choppy, two-sided traded. The stronger Dollar was the driving force behind much of the early selling pressure. The inability to break the Dollar in the afternoon triggered an intra-day short-covering rally in the equity markets into the close. Conditions are close to being overbought which could mean that a pull-back may be in the offing. Traders are also beginning to question whether the stock market is too far ahead of the economy given the recent bearish statements by Fed Chairman Bernanke. Treasury markets posted a small gain today after spending much of the morning on the down side. Today’s rally was most likely a follow-through rally following yesterday’s strong surge to the upside. On Monday, Fed Chairman Bernanke reiterated the statement from the Fed FOMC committee which called for lower interest rates for a prolonged period of time. The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move.

Stock Index futures eked out a small gain in a choppy, two-sided traded. The stronger Dollar was the driving force behind much of the early selling pressure. The inability to break the Dollar in the afternoon triggered an intra-day short-covering rally in the equity markets into the close. Conditions are close to being overbought which could mean that a pull-back may be in the offing. Traders are also beginning to question whether the stock market is too far ahead of the economy given the recent bearish statements by Fed Chairman Bernanke. Treasury markets posted a small gain today after spending much of the morning on the down side. Today’s rally was most likely a follow-through rally following yesterday’s strong surge to the upside. On Monday, Fed Chairman Bernanke reiterated the statement from the Fed FOMC committee which called for lower interest rates for a prolonged period of time. The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/Equity_Markets_Eke_Out_Small_Gain_in_Choppy_Trade/19512 Forextrends 24 ffuturetrends24049 0 0 0 0 urn:com:businessweek:bx:article:16256626588150636530-b77342f02fb5d87bd9bfe84c3ace7951 2009-11-17T18:47:15.049-05:00

The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move. The EUR USD closed lower after European Central Bank President Trichet talked up the Dollar during the overnight session. Once again it looks like the Euro having trouble with the $1.5000 area. The high for the year at 1.5063 in October has stopped all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower. The GBP USD closed lower after making a valid attempt to turn higher for the day. The uptrend has been strong in this currency lately as the bulls seem to have control over the market despite attempts by Bank of England Governor King recently to talk this currency lower. It looks as if traders are beginning to believe that the economy has bottomed and that the BoE is getting ready to reduce quantitative easing.

The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move. The EUR USD closed lower after European Central Bank President Trichet talked up the Dollar during the overnight session. Once again it looks like the Euro having trouble with the $1.5000 area. The high for the year at 1.5063 in October has stopped all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower. The GBP USD closed lower after making a valid attempt to turn higher for the day. The uptrend has been strong in this currency lately as the bulls seem to have control over the market despite attempts by Bank of England Governor King recently to talk this currency lower. It looks as if traders are beginning to believe that the economy has bottomed and that the BoE is getting ready to reduce quantitative easing. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/US_Dollar_Finishes_Higher_in_Choppy_TwoSide_Trade/167392 ForexHound.com -Analysis ftrends24775 0 0 0 0 urn:com:businessweek:bx:article:8392193617748645623-504a6c0ed653e2dbbf8510a5ba0d6da0 2009-11-17T11:43:02.897-05:00

Euro Poised to Test Yearly High, British Pound Continues to Trend Sideways Nov, 13 Euro Halts Three-Day Decline as Economy Emerges From Recession, British Pound Rally Supported by 20-Day SMA Nov, 12 Euro Forms Top Following Three-Day Decline,...

Euro Poised to Test Yearly High, British Pound Continues to Trend Sideways Nov, 13 Euro Halts Three-Day Decline as Economy Emerges From Recession, British Pound Rally Supported by 20-Day SMA Nov, 12 Euro Forms Top Following Three-Day Decline,... http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2009-11-17-1146-British_Pound_Fails_to_Hold.html Daily FX mszewczyk678 0 0 0 0 urn:com:businessweek:bx:article:9588785888195945606-4edd7dad25a773179f2fca4a1f7b78b9 2009-11-16T11:21:29.867-05:00

Your Source for Daily FOREX Market News and Analysis

Your Source for Daily FOREX Market News and Analysis http://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2009-11-14-0455-Forex_Weekly_Trading_Forecast__.html Daily FX mszewczyk678 2 2 0 0 urn:com:businessweek:bx:article:4199281214428901237-6fa075298479427784d8b1b4a00b6c83 2009-11-16T18:39:51.404-05:00

The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official. Federal Reserve Chairman Bernanke said late Monday morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped push the Dollar to a new low for the trading session. He also stated that he is aware of the value of the Dollar, but indicated it would not be an issue unless it interfered with the Fed’s mandate to shore up employment and maintain price stability. By not offering any support for the Dollar, he indicated that it was alright to continue lower. Bernanke comments surprised some traders because the position of the Dollar is the concern of the Treasury and not the Fed. Overnight comments from an Asian-Pacific nation’s conference helped drive the Dollar lower. Earlier the group pledged to maintain stimulus until there were signs of “durable growth”. This served as a sign that liquidity in the global markets will continue until strong economic trends can develop. Excess liquidity reduces the Dollar’s allure as a safe haven currency and increased demand for higher yielding assets.

The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official. Federal Reserve Chairman Bernanke said late Monday morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped push the Dollar to a new low for the trading session. He also stated that he is aware of the value of the Dollar, but indicated it would not be an issue unless it interfered with the Fed’s mandate to shore up employment and maintain price stability. By not offering any support for the Dollar, he indicated that it was alright to continue lower. Bernanke comments surprised some traders because the position of the Dollar is the concern of the Treasury and not the Fed. Overnight comments from an Asian-Pacific nation’s conference helped drive the Dollar lower. Earlier the group pledged to maintain stimulus until there were signs of “durable growth”. This served as a sign that liquidity in the global markets will continue until strong economic trends can develop. Excess liquidity reduces the Dollar’s allure as a safe haven currency and increased demand for higher yielding assets. http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Bernanke_Comments_Help_Push_Dollar_to_New_Low/167303 ForexHound.com -Analysis ftrends24775 1 1 0 0 urn:com:businessweek:bx:article:8054710501412994835-6a0dca77bbf58897465bfb856c231817 2009-11-16T18:40:55.897-05:00

Stock markets surged on Monday after the U.S. Dollar Index fell to a new low for the year. With the Dollar losing its appeal as a safe haven currency because of falling interest rates and deepening debt, investors have no choice but to sell the Dollar and seek better returns elsewhere. Treasury markets rallied sharply higher after a downward revision in September Retail Sales. This news helped put in a bottom and generate a quick rally to the upside, but it was comments from Fed Chairman Bernanke that triggered a huge rally. He reiterated the Fed’s FOMC statement that interest rates would remain low for a “prolonged period”. The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official.

Stock markets surged on Monday after the U.S. Dollar Index fell to a new low for the year. With the Dollar losing its appeal as a safe haven currency because of falling interest rates and deepening debt, investors have no choice but to sell the Dollar and seek better returns elsewhere. Treasury markets rallied sharply higher after a downward revision in September Retail Sales. This news helped put in a bottom and generate a quick rally to the upside, but it was comments from Fed Chairman Bernanke that triggered a huge rally. He reiterated the Fed’s FOMC statement that interest rates would remain low for a “prolonged period”. The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official. http://www.futureshound.com/article/Pattern_Price_and_Time/Analysis/Weaker_Dollar_Drives_Stock_Markets_Higher/19509 Forextrends 24 ffuturetrends24049 0 0 0 0 urn:com:businessweek:bx:article:12388364356999601113-0a497a2e4b89bfeffe30b7da8edf8947 2009-11-16T11:23:58.852-05:00

Euro Halts Three-Day Decline as Economy Emerges From Recession, British Pound Rally Supported by 20-Day SMA Nov, 12 Euro Forms Top Following Three-Day Decline, British Pound Finds Support Ahead of 20-Day SMA Nov, 11 British Pound Stumbles on BoE...

Euro Halts Three-Day Decline as Economy Emerges From Recession, British Pound Rally Supported by 20-Day SMA Nov, 12 Euro Forms Top Following Three-Day Decline, British Pound Finds Support Ahead of 20-Day SMA Nov, 11 British Pound Stumbles on BoE... http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2009-11-16-1123-Euro_Poised_to_Test_Yearly.html Daily FX mszewczyk678 0 0 0 0 urn:com:businessweek:bx:article:1939505360708193943-cf9a5c74156e89b75bf2ac538bfffd19 2009-11-11T11:52:01.473-05:00

Nov. 10 (Bloomberg) -- There are tough new regulations on the horizon. There are scandals and arrests. Investors, shaken by the credit crunch, are nervous about taking risks. Yes, there has never been a better time to polish your CV, shine your...

Nov. 10 (Bloomberg) -- There are tough new regulations on the horizon. There are scandals and arrests. Investors, shaken by the credit crunch, are nervous about taking risks. Yes, there has never been a better time to polish your CV, shine your... http://www.bloomberg.com/apps/news?pid=20601039&sid=acrurx6HmCeM Forex Trading ftrading844 1 0 0 1 urn:com:businessweek:bx:article:4176142483334826723-777dbdee41b0a5278461395955d9bd93 2009-11-11T11:40:33.172-05:00

Nov. 11 (Bloomberg) -- Investors turned pessimistic on the pound for the first time since April on speculation that the Bank of England will keep interest rates at a record low into the second half of 2010, a survey of Bloomberg users showed. The U.

Nov. 11 (Bloomberg) -- Investors turned pessimistic on the pound for the first time since April on speculation that the Bank of England will keep interest rates at a record low into the second half of 2010, a survey of Bloomberg users showed. The U. http://www.bloomberg.com/apps/news?pid=20601087&sid=ahB2_nEN5ThE&pos=4 Forex Trading ftrading844 1 0 0 1 urn:com:businessweek:bx:article:6546105323501641786-64dbbabf70540db4fdf14501b26ba25c 2009-11-11T11:09:08.461-05:00

Nov. 11 (Bloomberg) -- The dollar dropped to a 15-month low against the currencies of major U.S. trading partners as signs of a global recovery and bets that the Federal Reserve will keep borrowing costs low spurred demand for higher-yielding assets.

Nov. 11 (Bloomberg) -- The dollar dropped to a 15-month low against the currencies of major U.S. trading partners as signs of a global recovery and bets that the Federal Reserve will keep borrowing costs low spurred demand for higher-yielding assets. http://www.bloomberg.com/apps/news?pid=20601083&sid=aVAhywsO3ulY Forex Trading ftrading844 1 0 0 1