Archive for January, 2010

• What are we looking at?
  kevinmhughes, January 31st, 2010 at 10:30 am, Comments: 0

  Last week, the $USDX made an impressive rally! We closed at 1.3861 on the $EURUSD where it opened the week at 1.4146. It rallied (if that’s what you want to call it) to 1.4191 before turning around and plummeting to Friday’s close.

• The calm before the storm…
  kevinmhughes, January 26th, 2010 at 3:11 pm, Comments: 0

  Today was somewhat of a boring day. There were some moves that created some urgency, but were short lived.

• Oh what a night!
  kevinmhughes, January 26th, 2010 at 5:39 am, Comments: 0

  It’s been for the most part a wild ride in the currency markets since Asia. We’ve seen the $USDX strengthen nearly 100 pips on against the $EUR & $GBP ($EURUSD $GBPUSD) as the commodity countries: $CAD $NZD $AUD ($USDCAD $AUDUSD $NZDUSD).

• Spotlight On GBP/USD This Week
  faithmight, January 26th, 2010 at 2:42 am, Comments: 0

  I really like the way the $GBPUSD has been developing since the beginning of the year. I have been bullish the pair since the new year and, technically, everything has been working out as expected. Since making the lows at 1.5831, cable has consistently made higher lows and higher highs, thus building a very nice [...]

• GBPUSD tests 200 day MA (and other resistance) and comes off
  gregmikefx, January 25th, 2010 at 8:11 am, Comments: 0

  Overnight the GBPUSD tested the 200 day MA at the 1.6175 level today (high 1.6173).   This is a key level to hold and will continue to be watched to gauge the overall bearish bias for the GBPUSD.  The market will remained biased to the bearish side as long as rallies against this key level are held. [...]

• $EURUSD pushes back above the 100 hour MA today
  gregmikefx, January 25th, 2010 at 7:49 am, Comments: 0

  The EURUSD pushed above the 100 hour MA today, continuing the correction started last Thursday. The price moved above the level for the 1st time since January 15th at the 1.4161 level and this pushed the price up to the high for the day at the 1.4193 level.  The topside has resistance next at the [...]

• GBPUSD falls in early NY trade after corrective move earlier. Yesterdays low tested
  gregmikefx, January 22nd, 2010 at 7:48 am, Comments: 0

  The GBPUSD corrected to the 200 and 100 hour moving average area in the 1st half of the new trading day today, and that gave the sellers the opportunity to reenter and sell the market again( green and blue line in the chart above).   The price is now down testing the low from yesterday at 1.6124.  [...]

• Afternoon Highlights
  alaidi, January 21st, 2010 at 2:33 pm, Comments: 0

• The EURUSD is correcting early NY trade
  gregmikefx, January 21st, 2010 at 8:04 am, Comments: 0

  The EURUSD has moved up sharply in early NY trade after selling off to the lowest level since July 2009 in the London trade. That move lower reached a target of 1.4045 and actually moved through that level to a low of 1.4029 in the London session.  As NY entered, however, the price has rebounded back [...]

• EURUSD tests the 38.2% retracement of 2009 Low to high range
  gregmikefx, January 20th, 2010 at 7:58 am, Comments: 0

  The EURUSD is down testing the 38.2% retracement of the 2009 low to high range this morning at the 1.4117 level after another down day for the EURUSD. The pair has been hit on the back of Greek worries (Straus Kahn of the IMF was on the wires talking about the seriousness of the problem. [...]