Active Trading
Dollar Decline Set To Continue
Further to our recent report on the USD record-breaking fall against the Euro, we have seen forecasts of further USD declines in 2008 against the Euro, Yen and GBP.
Morgan Stanley, the second largest US securities firm cut it’s forecasts with expectation that the USD will fall to $1.55.
Expectations of further Federal Reserve interest rate cuts [...]
Euro Highs in 2008
Some experts are predicting Euro all-time highs this year against the US Dollar. With the US economy faltering, a bonanza may be in store for currency traders profiting from USD losses.
Expert Opinion
According to senior currency analyst Masashi Hashimoto at Bank of Tokyo-Mitsubishi, the Euro could trade as high as $1.57 against the dollar.
It is [...]
Dollar Woes Continue
The USD decline continued today following disappointing results in the US NFP and US unemployment figures. Analysts are expecting the Federal Reserve to make further interest rate cuts to help bolster the economy.
A Shaky Start to 2008
The USD has stumbled into 2008 after a temporary rally against the Euro towards the end of December. There [...]
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 [...]
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 [...]
EUR-USD… Correction or Reversal?
During lower volume holiday trading towards the end of November the Euro reached an all-time high of $1.4873 against the US dollar. This rising Euro trend has been accentuated by the credit-crunch in the US sub-prime mortgage sector, causing hedge funders and currency traders to loose confidence in the greenback with increased fears of a [...]
