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Wild Card Silver 8 Sep 2009
Wild Card Silver 8 Sep 2009
Tuesday, 8 Sep 2009
Forex Market to Move on News Coming from Europe and Canada
In forex trading, the USD is set to have relatively quiet news today. This lack of major news indicates that the other major currencies, such as the GBP, EUR and CAD, may be the market movers today and traders should pay close attention to each of their respective economic news releases.The Wild Card
Silver
Silver prices rose significantly in the last month and peaked at $16.41 per ounce. However, there is a bearish cross on the daily chart's Slow Stochastic suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
Wild Card Crude Oil 9 Sep 2009
Wild Card Crude Oil 9 Sep 2009
Commodity prices Surprise with Bullishness as USD Weakens
With recent market volatility, the price level for a few currencies and commodities have begun to see prices not seen since last year. For instance, the USD fell to its lowest in almost a year during yesterday trading session after gains in global stocks. Gold has also shocked the market lately with continues uptrend, rising above $1000 for the first time since March 2008. With rallies this large, the forex market becomes more predictable, and traders can reap the benefits!
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Crude Oil
Crude Oil prices rose significantly yesterday and peaked at $71.40 per barrel. However, the 4-hour chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.Wild Card GBP/CHF 10 Sep 2009
Thursday, 10 Sep 2009
GBP Anticipates Volatility before Rate Decision.
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GBP/CHFWild Card Crude Oil 11 Sep 2009
Wild Card Crude Oil 11 Sep 2009
Friday, 11 Sep 2009U.S. Prelim UoM Consumer Sentiment to Lead USD Trading Today
The publication of the U.S. Prelim UoM Consumer Sentiment report at 13:55 GMT is set to lead USD trading today. This release measures the level of a composite index based on surveyed consumers. The figure is expected to be 67.2, up from last month's 65.7. The other important events that are set to drive the forex market today are GBP PPI Input at 8:30 GMT, the U.S. Import Prices at 12:30 GMT and U.S. treasury Secretary Timothy Geithner's speech at 20:45 GMT. Therefore, if you traders want to make big money now, you should open big positions in the majors now.The Wild CardCrude Oil
Crude Oil has been very bullish this week, and has given big returns for many forex traders. The weekly chart's oscillators seem to be showing mixed signals. However, the MACD of the 4-hour chart offers a more accurate picture that the trend for today may be a downward correction. Going short with tight stops seems to be the preferred choice for today.
Wild Card Gold 14 Sep 2009
Wild Card Gold 14 Sep 2009
Monday, 14 Sep 2009
Obama Speech to Impact Dollar
The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out of Euro-Zone and Britain are likely to affect the greenback's main currency crosses.
The Wild Card
Gold
Gold prices rose significantly in the last week and peaked at $1003.45 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.Wild Card NZD/JPY 15 Sep 2009
Dollar Down to Weakest Level of 2009
The U.S. Dollar fell versus the EUR but clung to small gains against other major rivals on Monday. This came as traders turned their focus to data coming this week and as the EUR and Yen hit technical levels that triggered some buying. The market focus now shifts to a slew of U.S. indicators to be released between Tuesday and Thursday that could determine whether the Dollar will continue to trade lower, or experience a pause.
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NZD/JPY
This pair's sustained upward movement has finally pushed its price into the over-bought territory on the hourly chart's RSI ... read moreThe Wild Card Silver 16 Sep 2009
The Wild Card Silver 16 Sep 2009
USD Hits 1-Year Low on U.S Economic Pessimism
The U.S Dollar struck a one-year low against a basket of currencies on Wednesday, as investors reduced dollar holdings on views that the U.S. currency may weaken for now due to pessimism over the U.S. economy. Investors have been selling the greenback across the board as they speculate the Federal Reserve will be forced to keep its Interest Rates low for the time being to support the country's fragile economy. Looking ahead, currency players will watch for the U.S. consumer price index (CPI) for August to be released later in the day. The CPI data has the biggest potential to move forex markets, since a weak figure could lead to lower long-term U.S. interest rates, and that might prompt more Dollar selling.
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Silver
The violent bullish trend continues as all technical indicators on the daily and the 4 hour charts ...read more.Wild Card Gold 17 Sep 2009
Wild Card Gold 17 Sep 2009
USD Continues Decline; Slow Economic Recovery Expected
With recent fears over inflation and fiscal deficits, the market surprisingly appears calmer than it should be. The USD has continued its decline, suggesting that either faith in the American economy is fleeting, or investors are increasing their risk appetite and dumping US Treasuries. Either way, the decline in the value of the USD has helped boost energy prices and fueled export growth worldwide. Economic recovery seems to be underway, but many caution that it will still be a long and bumpy ride
The Wild Card
Gold
This precious metal's sustained upward movement has resulted in its price floating in the over-bought territory on the 4-hour and daily RSI, suggesting significant downward pressure ...read more.The Wild Card GBP/AUD 18 Sep 2009
The Wild Card GBP/AUD 18 Sep 2009
Friday, 18 Sep 2009
Dollar Edges Up Against EUR, Crude Falls with Stocks
The Dollar took a break from its bearish run versus the EUR yesterday, but the long term trend could continue today. Driving yesterday's reversal were losses in U.S. equities and stronger manufacturing data from the U.S. Today's trading will be highlighted by key data releases from Europe and Britain, perhaps returning the EUR/USD to its bullish streak.
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GBP/AUD
The hourly chart is showing buy signals today as a bullish cross has appeared on the chart's Slow Stochastic, hinting towards an upward correction ... read more
The Wild Card EUR/GBP 22 Sep 2009
The Wild Card EUR/GBP 22 Sep 2009
Market Expects Low Volatility Today
There is likely to be less volatility in the market today with almost no market moving data on tap from Japan Europe and Unites States. Yet, few fundamental events that are due out later today may indeed create a remarkable wave in the market, especially towards the late afternoon hours.
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EUR/GBP
This pair's sustained upward movement has finally pushed its price into the over-bought territory on the daily chart's RSI read more