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In the Financial Papers: Today’s Top Forex News 04.03.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 07:49 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: Jobless Claims Breach...
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Fores News: Initial Claims and Cont. Claims higher than expectations
Initial Claims 407000. 4 week moving average goes to 374500 the highest level since November 2003. Continuing Claims 2937000. Much worse than expectations. Should weaken stocka and the USD.
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New Zealand Dollar Technical Outlook
There is no change to the NZDUSD bearish count. "Our confidence in the bearish count that we proposed a few weeks ago has grown. We view the rally from...
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Yen Technical Outlook
An A-B-C correction should come to an end within the next few weeks.
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British Pound Technical Outlook
We showed the 240 minute bars yesterday but today we are zooming in for timing purposes. There is no change to the bearish bias as long as price is below...
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Euro Technical Outlook
While we revised the internal count, we remain bearish. "The near term picture confirms our long term count."
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Swiss Franc Technical Outlook
Expectations are for the rally from .9647 to eventually reach the 1.0730-1.1121 zone.
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Canadian Dollar Technical Outlook
See yesterday?s commentary for the longer term outlook (which is bullish). Near term, we are concentrating on the rally from .9710 and looking for long...
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Australian Dollar Technical Outlook
The long and short term patterns in the AUDUSD remain in conflict and we therefore are refraining from taking a strong stand one way or the other.
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New Zealand Dollar May Be Ready to Break Down
The NZDUSD count is bearish as long as price is below .81, but a sustained break below .78 could lead to panic selling.
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Forex News: US Jobless Claims and Initial Claims due at 8:30 AM
At 8:30, the weekly US Initial and Continuing Claims data will be released. Last week the Initial Claims declined to 366000 from a revised 375000 in the previous week. The 4 week moving average increased to 358000 jobs from...
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Forex Trading: Sterling feeling artificial in here
Sterling feeling like an artificial bid here due to a cross which refuses to be given. There is a lot of congestion in these areas:
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Forex Trading News: Trichet on The Wires
Highlights from ECB President Jean-Claude Trichet speaking from Berlin:. All EURO-Zone citizens want price stability; Medium-term price stability is condition for solid growth. MORE TO FOLLOW.
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Forex Trading News: Trichet on The Wires At 6:30 AM
Highlights to follow...
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Over trading
I wasn't in a good mood as yesterday. I didn't actually see anything, I was just guessing and betting. I couldn't stop once I started. Good thing is that I had stops and I used them but on few occasions too wide. -18 pips.
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