Swissy monthly chart spells it out. Next bounce up should be support on the red line 1.09100. This would also coincide with the S&P futures having a collision with the 200 ema (1150) on the weekly chart, putting in place a nice right shoulder. Other ...

Weekly COT report Analysis + Trade Ideas

Cable has been selling a little over the weekend. Checked on my cable longs today, saw the selling activity, closed out my longs. Opened EUR/USD and EUR/GBP longs instead. EUR/GBP has an exquisite inverted hammer (going north for a couple hundred ...

Weekly COT report Analysis + Trade Ideas

EUR/CHF is a cross, routed through USD/CHF and EUR/USD. When a major player dumps EUR/CHF (selling the Euro while buying Swiss Francs), it has an equivalent effect on USD/CHF (because the cross is routed through the USD/CHF pair in order to effect ...

EURUSD

Exactly. Gold is the safe haven of last resort. If equities look like they may crash in a major way, gold can rise instead of fall. If the Euro is looking unstable, the dollar can rise but so too can gold (whereas ordinarily if the dollar was ...

EURUSD

Gold tends to go up when the USD dollar goes down. If the Dollar is going down, gold is going up, since this implies north travel on the S&P and more demand for gold. Market sells US dollars (and typically, buys Euros) when it is confident of a bull ...

EURUSD

This market isn't about logic, reason or fundamentals. It is about speculation, and speculation alone. There are times when you have to suspend the analytical mind and just trade the TA and your knowledge. Forex is a co-dependent system, both within ...

EURUSD

One should never ever under-estimate Trichet's power to move the market. Other than that, the S&P is not ready to drop yet. It has to hit 1236-50 and test hard, and gold has more north to go before it heads south. GL and GT

EURUSD

This is a very strong and reliable pattern for north. It usually follows through with a very strong north move. It's the same pattern that gave UJ a 100pip north move in quick time yesterday. We'll see.

EURUSD

Trichet talks, market listens. 1.3400 is very likely. Both the crosses also support this north traffic for EU. GBP and AU likely to stall while the Euro corrects itself north on the crosses.

EURUSD

EG - looks like it is heading for the next fib at .8600. MA's crossing over too.

Weekly COT report Analysis + Trade Ideas

Goldman Sachs CEO and Fabrice Tourre summoned to Capitol Hill to testify on Tuesday, big secret supposedly url =

Could 10:1 be the new leverage in US Forex?

GS won't be the only casualty. Looks like the SEC is spreading its wings to do the job it should have done in the first place. The vampire squid and friends free-rein party may be coming to an abrupt end. About time. url =

Could 10:1 be the new leverage in US Forex?

Congress will now need to re-visit the exemptions for the big end of town in the proposed changes to retail forex, and indeed the whole of the proposal. It was so deceitfully crafted to give Goldman et al a huge free kick. If only Gensler had been ...

Could 10:1 be the new leverage in US Forex?

Shorting the AUD in the midst of earnings season may not be the right time (unless scalping profit-taking or panic moves). It is currently in an ascending pattern, expecting another push north. It has presently retraced to the trend line that was ...

Weekly COT report Analysis + Trade Ideas

Joseph Trevisani on the political timing of these charges (excellent analysis). url Gensler's days are numbered. The trading public must have confidence in the Chair of the CFTC - it's as political as it gets. Completely inappropriate for Gensler ...

Could 10:1 be the new leverage in US Forex?

By way of explanation... E/CHF is a cross, made up of two majors - EUR/USD and USD/CHF. When the SNB (or anyone else) interfers with E/CHF, it can cause reverse PA on EUR/USD and USD/CHF. E/CHF is routed through the US Dollar. This is why, when ...

Weekly COT report Analysis + Trade Ideas

E/CHF - someone is buying up big (SNB?) this is causing the reverse PA on U/CHF and EU - typically when whoever it is has finished messing with E/CHF, PA on U/CHF and EUR/USD will resume it's normal trajectory... exercise some care, this PA ...

Weekly COT report Analysis + Trade Ideas

Expecting that it won't quit until it hits resis at 1.6000...but this formation is so powerful, it signals major trend reversal that can last for a year or more.

Weekly COT report Analysis + Trade Ideas

You really don't want to get in the way of GU. This is why - very rare and very powerful candle formation.. this is a triple tweezer (normally two candles side by side, the wicks form the tweezers, but this one has three, very rare) ... highly ...

Weekly COT report Analysis + Trade Ideas

Rather hope it's because they have come to the realization that they have a public audience who is vitally interested in what they do (including any stuff-ups their glorious leader makes).

Could 10:1 be the new leverage in US Forex?