Archive for December, 2007
Commodities Outlook 2008
In recent years the commodity market has become a hot topic for futures and options traders.
Boom or Bust?
Recent years have seen an increased demand for energy and base metals such as copper and aluminium. However, a decline in the price of these commodities recently has led analysts to predict a fall in value for this [...]
Which Way for the Dollar?
The past week has seen a bounce back for the US Dollar against most of the major pairings. With improved Dollar performance against 13 of the 16 most actively traded currencies. This has led to the expectation of further USD recovery.
However, looking at the USD vs Euro this year we have seen the greenback drop [...]
Gold Looking Bearish
With last weeks bullish performance of the US Dollar against the Euro, we have now seen a fall in the value of Gold. The performance of the USD has an inverse effect on the value of Gold.
Looking at the Technicals
The daily chart shows the head and shoulders pattern for GDX. The blue line indicates the [...]
Dollar Rise Highest Since May 2005
Today the USD has made gains against the Euro with speculation of further interest rate cuts. The US Dollar made gains against 13 of the most traded pairs.
The US Dollar has made an increase of 1.5% in the past week over the Euro. This has gone against technical chart indicators as well as predictions from [...]
EUR-USD Divergence False Signal
The past two weeks saw the greenback making steady gains against the Euro. This pattern came to an end this week and can be seen to be a correction rather than a reversal in the trend.
EUR-USD Daily Chart
On the daily chart we can see the two week correction marked with the green line, and the [...]
Forex Revolution: Book Review
I’ve recently been reading Forex Revolution by Peter Rosenstreich. The book is not written in a typical financial book style. It makes a great read due to the way it takes a look at Peter Rosenstreich’s own experiences trading on the currency market in almost an autobiography fashion.
The book begins with an excellent introduction to [...]
Oil Above $92
Speculation that the Federal Reserve increase liquidity by providing cash to banks has led to a rise in the price of oil. This increase in oil price appears to be based on an expected increase in US energy demands.
“Oil and gold prices rallied strongly on Wednesday following news that central banks planned to co-ordinated their [...]
Oil to Remain Priced in Dollars
There has been much discussion in recent months regarding the continuing slide in the value of the USD. Much speculation in the global currency/commodities markets suggested a switch to a more valuable currency for pricing barrels of crude oil. Members of OPEC showed a keen interest in pricing oil in something other than the [...]
Euro On The Up!
After two weeks of Euro sell-offs against the USD, we have seen a shift in direction. The Euro advanced today against the USD and JPY. This follows concern over inflation from ECB policy makers.
“The euro gained 0.4 percent to $1.4720 as of 10:04 a.m. in New York. The single currency climbed to 164.42 yen, from [...]
Expected Fall in Crude Oil Price
Next week look for a fall in the price of crude oil. Many analysts are predicting a fall based on the economic woes in the US.
The slow-down in the US economy means analysts expect a reduction in US energy demands, thus lowering the price of crude oil. “Crude oil for January delivery fell $1.38, [...]
