Category: Forex Trading
The analysis published under this category are as follows.Tuesday, April 18, 2017
The Philippine Peso Squeeze / Currencies / Forex Trading
In the first quarter, the Philippine peso depreciated against the US dollar. Internationally, this was attributed to President Duterte’s policies. In reality, it has a lot to do with the expected US rate hikes. But there is a reason why misguided geopolitics now overshadows Philippines.In the recent quarter, the Philippine peso depreciated by 0.88 percent against the US dollar. It was the only currency in Asia to do so. For the first time since 2009, the peso drifted to 50 per US dollar.
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Tuesday, April 11, 2017
Marc Faber: Euro to Strengthen, Dollar to Weaken, Gold and Emerging Markets to Outperform / Currencies / Forex Trading
Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber, editor and publisher of The Gloom, Boom and Doom Report. Dr. Faber has been a long-time guest on financial shows throughout the world and is a well-known Austrian school economist and an investment advisor and it's a tremendous honor to have him on with us today.
Dr. Faber, thank you so much for joining us again and, how are you?
Marc Faber: My pleasure, thank you.
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Sunday, April 09, 2017
Forex Currencies Trading Around the World Chartology / Currencies / Forex Trading
As there seems to be a lot of interest in some of the currencies I would like to show you some charts we’ve been following for a very long time. Most of the charts will be long term in nature which won’t do us much good in the short term, but they will keep us in tune to the direction these currencies are most likely to take
Knowing what to expect in the Longer term is important not only to currency and commodity traders but to the very Countries who’s currencies are impacted and to their exporters and importers as well.
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Tuesday, April 04, 2017
EUR/USD - Another Invalidation of Breakout / Currencies / Forex Trading
On Friday, the euro extended losses against the greenback and closed the week under the previously broken long-term support/resistance line, invalidating the earlier breakout. Will this negative development encourage currency bears to act in the coming week?
In our opinion, the following forex trading positions are justified - summary:
EUR/USD: short (a stop-loss order at 1.0967; the initial downside target at 1.0521)
GBP/USD: short (a stop-loss order at 1.2738; the downside target at 1.2157)
USD/JPY: none
USD/CAD: none
Friday, March 31, 2017
See the Top Forex Markets that are Poised to Move -- Right Now / Currencies / Forex Trading
Dear Trader,
You saw big moves in forex last year -- and 2017 should be no different.
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Monday, March 20, 2017
AUDUSD Elliott Wave View : 5 Waves Move / Currencies / Forex Trading
AUDUSD ended the correction in Intermediate wave (X) after reaching 0.7486 and then started rallying from there. With today’s new high the pair is showing 5 waves impulsive move from 03/09/2017 low and has already reached the minimum target area for Minutte wave (v) to end. The minimum target for Minutte wave (v) can be calculated as the inverse 1.236-1.618 Fibonacci extension of Minutte wave (iv) which comes at 0.7734 – .07753. Short term, an extension higher can’t be ruled out as there are still 2 other methods for calculating the 5th wave and one method of calculating (v) = (i) gives us a higher target around the equal legs area at 0.7765 – 0.7790.
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Thursday, March 09, 2017
Forex Trading Alert: USD/CAD at Fresh Highs / Currencies / Forex Trading
Forex Trading Alert originally published on March 8, 2016, 9:32 AM
Earlier today, the U.S. dollar extended gains against its Canadian counterpart as declining crude oil prices pushed the Canadian currency lower. As a result, USD/CAD reached the next resistance zone. Will it stop currency bulls in the coming days?
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Friday, February 17, 2017
Roses Are Red... and So's Been EURUSD's Trend / Currencies / Forex Trading
Learn what indicator foresaw the euro's recent reversal to a one-month low
Today, February 14, is Valentine's Day. But instead of chocolate hearts and red roses, we're going to give investors and traders the ultimate gift -- namely, the gift of knowledge.
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Thursday, February 09, 2017
Bullish Case for GBP/JPY / Currencies / Forex Trading
Looking back we see that the GBPJPY moved into a 16-month downtrend following the 195.87 peak reached in June 2015. Support was eventually found at 124.59 four months ago. It was promptly followed by a sharp nine-week rally up into 148.45 resistance (most recent peak). That price area is where both support and resistance were seen back in 2013, at resistance of the 55-week exponential moving average (ema), and at the 61.8% Fibonacci retracement of the internal downtrend (coming off the 168.08 lower swing high).
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Tuesday, January 24, 2017
EURO, GBP, AUD, JPY, CAD C.O.T Reports / Currencies / Forex Trading
The Commitments of Traders Report is issued by CFTC.
It reports all open positions in futures markets of three main groups of traders:
Commercial Traders – Hedgers
Non-Commercial Traders – Money Managers
Non-Reportable – Retail market
The report breaks down each Tuesday’s Open Interest and gives us a powerful view on what exactly the big guys have been doing in the marketplace and what their plans might be.
It is issued every Friday and includes data from Tuesday to Tuesday. The three days prior to the release date are not included.
This is an essential tool for gauging long term sentiment in futures markets.
Thursday, November 17, 2016
Forex Trading EUR/USD at Lowest Levels since Last November / Currencies / Forex Trading
Although the USD Index moved slightly lower earlier today, currency bulls stopped their opponents and pushed the greenback higher once again. As a result, EUR/USD extended losses and dropped to its lowest level since almost a year. How low could the exchange rate go?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: short (a stop-loss order at 1.1180; downside target at 1.0568)
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: long (a stop-loss order at 0.9664; upside target at 1.0237)
AUD/USD: none
Friday, November 04, 2016
Here's What Makes Elliott Waves a Useful Forex Tool / InvestorEducation / Forex Trading
Some Elliott wave forex traders do watch the news -- but for different reasons
Last Friday, EURUSD rallied strongly. Said Reuters:
"The U.S. dollar tumbled against a basket of major currencies...on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential candidate Hillary Clinton's private email use."
It's true that the euro rallied after Friday’s news. But we pointed out in our October 21 story that Elliott wave patterns had already been calling for a bottom, if only a temporary one.
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Wednesday, November 02, 2016
Forex Trading - USD/CHF Declines Sharply / Currencies / Forex Trading
Although the Institute for Supply Management showed that its manufacturing purchasing managers' index increased to 51.9 in Oct, the USD Index moved sharply lower. As a result, the greenback declined significantly against the Swiss franc. What does it mean for USD/CHF?
In our opinion, the following forex trading positions are justified – summary:
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Wednesday, October 12, 2016
Major Factors Affecting Foreign Exchange Rates / Currencies / Forex Trading
Daffa Zaky writes: Foreign exchange is a global market where trading of currencies is done all round the clock. The rate at which these currencies are exchanged (Forex rate) is very important. This is because it is used to determine economic status or growth of a particular country in comparison to other countries. The foreign exchange rate is usually monitored and constantly evaluated because it’s a key determining factor for a country’s economic stability. People who send and receive money from abroad have to constantly monitor the exchange rate so as to know the appropriate time to do so.
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Tuesday, September 27, 2016
Forex Trading: ECB Policy Could Weigh on Euro / Currencies / Forex Trading
easyMarkets writes: When the European Central Bank (ECB) held its monetary policy meeting on September 8th , it left all policy rates unchanged. The main refinancing interest rate, the marginal lending facility rate and the main deposit interest rate were kept steady at the current levels of 0.00%, 0.25%, and negative 0.40%, respectively. This will likely have a long-term impact on forex traders that have exposure in the EUR/USD as it ultimately indicates lower price valuations in the weeks and months ahead.
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Thursday, August 11, 2016
The Colombian Peso Going Higher / Currencies / Forex Trading
The Colombian peso has increased value against the US dollar as laid out in previous analysis, The Colombian Peso!, produced on 21st February 2016 when the USDCOP was trading at 3.358,500. Price is now 2.974,000.
I expect the USDCOP currency pair to continue its decline so let’s review the daily chart.
Tuesday, July 26, 2016
The Forex Markets Are Getting Exciting! / Currencies / Forex Trading
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
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Wednesday, July 20, 2016
Forex: "The Markets Are Getting Exciting!" / Currencies / Forex Trading
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
Read full article... Read full article...
Tuesday, July 19, 2016
FX Traders: Get a Free Week of Forecasts (Details inside) / Currencies / Forex Trading
Dear reader,
Now through 5 p.m. July 22, you are invited to get free access to an online event that only happens once or twice a year at elliottwave.com:
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Friday, July 08, 2016
Forex Trading EUR, GBP, USD/JPY - Double Bottom or New Lows? / Currencies / Forex Trading
In recent days, the yen moved higher against the greenback as safe-haven buying supported the Japanese currency. In this environment, USD/JPY declined to important support and approached the Jun low. Double bottom or new lows?
In our opinion, the following forex trading positions are justified – summary:
EUR/USD: short (a stop-loss at 1.1236; initial downside target at 1.0708)
GBP/USD: short (a stop-loss at 1.3579; initial downside target at 1.2519)
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none