Archive for November, 2009

• A GBP Play on the Bubble Burst
  faithmight, November 29th, 2009 at 5:22 pm, Comments: 0

  Analysts have been talking about a possible real estate bubble bursting in the Middle East, particularly Dubai and Abu Dhabi, for over a year now. So for active forex traders, Wednesday’s news that Dubai World signaled possible default by asking for a payment extension, was writing on the wall. Now that the markets have had [...]

• Dubai World and the world
  gregmikefx, November 29th, 2009 at 11:04 am, Comments: 0

  The Dubai debt crisis is once again a reminder of fragility of the global credit market and also how what may seem like an isolated problem can have far reaching tentacles.  Dubai is part of the United Arab Emerate. The capital is Abu Dhabi. Although one would think it would garner its wealth from oil, its [...]

• Who’s ready for some Christmas cheer?
  kevinmhughes, November 27th, 2009 at 4:28 pm, Comments: 0

  By now everyone has probably heard that Dubai World (basically the city of Dubai) has asked it’s creditors to help restructure debt/hold off repayments for 6 months, what ever the you’ve heard, it is not good…   Dubai World is in a nut shell is an investment company that focuses on real estate for the Dubai [...]

• EURUSD awaits NYs entrance near the short term resistance level
  gregmikefx, November 27th, 2009 at 7:26 am, Comments: 0

  The EURUSD awaits the NY traders coming back from their Thanksgiving holiday with the price of the EURUSD just at the shorter term charts 100 bar moving average (blue line).   The level comes in at the  1.4904 level.  The price moved above and below  the MA line in the last few hours.  I would expect [...]

• $USDJPY corrects toward our 100 bar MA on the 5 minute chart at 86.76
  gregmikefx, November 26th, 2009 at 8:44 am, Comments: 0

  The USDJPY plunged below the 87.11 support line last night and raced to a new low at the 86.29 level. The price got within shouting distance of the bottom trendline from the channel we have been eyeing for some time now.  That trendline comes in around the 86.00 area.  I would expect support buyers, against [...]

• Are the stars aligned for yen weakness?
  InEgoVeritas, November 24th, 2009 at 2:50 pm, Comments: 0

  Umm, looks like we have three stars that do not look too bad. The Nikkei 225 index is now down close to an upward moving 200 dma that could very well act as a strong support area. We also have its slow stochastics in strong oversold territory. The Yen tends to be inversely correlated to [...]

• $EURUSD & the markets
  kevinmhughes, November 20th, 2009 at 1:51 pm, Comments: 0

  I believe the markets have received their well deserved break

• $USDJPY, the upcoming Asian trading & thoughts for December
  kevinmhughes, November 19th, 2009 at 6:11 pm, Comments: 0

  One of my favorite currency pairs to trade is the $USDJPY.  Now the 2 currencies seem to be the ‘carry trade’ gods!  In my mind, if you are using the $USD in a carry trade strategy and you are over leveraged you will probably be burned in the next 2 quarters, just putting it out [...]

• GBPUSD rachets down in overnight trading
  gregmikefx, November 19th, 2009 at 8:05 am, Comments: 0

  The GBPUSD stepped down overnight.  The Retail Sales rose by 0.4% for the month versus +0.5% expectations. However, the revision from prior month rose to 3.4% from 2.9%.  The money supply also rose by a greater than expected +1.8%, and the Public Sector Net Borrowing which measures the difference between money coming in and money [...]

• Three interesting dollar shorts
  InEgoVeritas, November 17th, 2009 at 9:11 pm, Comments: 0

  We live in a time of Fed-sponsored über dollar liquidity. If you believe like I do that the dollar still has some way to go before finding a floor, you might want to consider shorting it. The problem is that most dollar pairs are at key double top/bottom levels where entering is made riskier by [...]