Tuesday, December 30, 2014

EUR/USD continues to trade quietly

EUR/USD continues to trade quietly in the final year of 2014. In Tuesday’s European session, the pair is trading in the mid-1.21 range. The euro is struggling, having lost about 350 points in the past two weeks. On the release front, Spanish CPI posted a sharp decline of 1.1%, while Eurozone Private Loans came in at -0.9%, matching the forecast. In the US, today’s highlight is CB Consumer Confidence. The markets are expecting a strong reading for December, with the estimate standing at 94.6 points.
Greece was in the spotlight on Monday, but this time it was a political crisis rather than trouble with the country’s bailout plan. Greece lawmakers failed to elect a new president for a third time, leaving Prime Minister no choice but to dissolve parliament. A  general election has now been scheduled for January 25. The country’s controversial bailout agreement promises to be a major election issue. The bailout agreement ends in February, and Greece owes EUR 260 billion to the troika (EU, ECB and the IMF). Negotiations between Greece and the troika are on hold until after the election. The bailout agreement forced Greece to implement stiff austerity measures have proven deeply unpopular, and the Syriza Party, which leads in the polls, wants to cancel the bailout agreement and write off much of the country’s debt. Such a move could send shock waves across European markets, as other bailout countries such as Ireland would be tempted to follow Greece’s precedent and opt out of their financial obligations to the troika. The latest Greek saga will be closely watched by the markets as we move closer to Greek election day.
EUR/USD ratio is pointing to gains in short positions on Tuesday. This is not is consistent with the pair’s movement, as the euro has posted small gains. The ratio has a majority of long positions, indicative of trader bias towards the euro moving to higher ground.

Monday, December 29, 2014

Stock Market Learning Trends

Traders need to remember that they need to center their trading decisions on supply areas on their charts, demand, and trend also.  So while the premium chart with Bollinger Bands is not the holy grail of technical analysis, it is something that a stock trader can use as a important support tool.
An explanation of uptrends and downtrends are as follows: an uptrend is a series of higher lows and higher highs, while a downtrend is a series of lower highs and lower lows. Simple enough, right? Very often a trader will use a moving average or two, or even a trendline to help them to determine their trend. When used properly, these tools can be extremely helpful. Traders need to choose one or twi indicators to use and learn them inside and out.
Using your trendline tool, you will need to draw in either an uptrend or a downtrend line. As you may know, a trendline must have  at least  three touches to be proven a valid, tradable trendline. Yes, this is in both up and downtrends. As long as you stick to your stop loss rules and manage your winning trades accordingly, this can help you get into trades much earlier perhaps even at the very beginning of a new trend. Bollinger Bands are great but you need to learn how to use them when trading.
Stock Market Learning Trends

Tuesday, December 23, 2014

Bollinger Bands

John Bollinger is a giant in today’s trading community. His Bollinger Bands sharpen the sensitivity of fixed indicators, allowing them to more precisely reflect a market’s volatility. By more accurately indicating the existing market environment, they are seen by many as today’s standard and most reliable tool for plotting expected price action. Now, in Bollinger on Bollinger Bands, Bollinger himself explains how to use this extraordinary technique to compare price and indicator action and make sound, sensible, and profitable trading decisions.
Concise, straightforward, and filled with instructive charts and graphs, this remarkable book will be essential reading for all serious traders, regardless of market. Bollinger includes his simple system for implementation, and techniques for combining bands and indicators.
Learn how to use Bollinger Bands

Monday, December 22, 2014

EUR/USD has edged higher in the Asian and European sessions.

EUR/USD has started the week with slight gains, as the pair trades in the mid-1.22 range in Monday’s European session. The euro had awful week, losing about 200 points. EUR/USD is trading at its lowest level since July 2012. On the release front, German Import Prices posted a decline of 0.8%. Later in the day, Eurozone Consumer Confidence will be released. In the US, today’s only event is Existing Homes. The markets are expecting the indicator to soften in November, with an estimate of 5.21 million.
Recent releases out of Germany, the Eurozone’s largest economy, have been cause for optimism. The January forecast for German Consumer Climate came in at 9.0 points, a notch above the estimate of 8.9 points. This marked the fourth straight rise for the indicator, pointing to stronger optimism from consumers as we head into the New Year. These strong numbers come on the heels of German Business Climate, which improved to 105.5 points, up from 104.4 a month earlier. This edged above the forecast of 105.4 points. On the inflation front, German PPI, which tracks manufacturing inflation, improved to 0.0% in November, up from -0.2% a month earlier. Like the consumer confidence indicator, this release is on an upward trend. Strong German consumer and business confidence numbers are welcome news, as the Eurozone economy continues to struggle.
EUR/USD has edged higher in the Asian and European sessions.
1.2143 is a strong support level.
1.2286 is a weak resistance line. 1.2407 is stronger. EUR/USD ratio is pointing to gains in long positions on Monday. This is not consistent with the pair’s movement, as the euro has posted slight gains. The ratio has a majority of long positions, indicative of trader bias towards the euro continuing to move to higher ground.

Friday, December 19, 2014

USD/CHF Daily

 USD/CHF  Daily
14::05 GMT - Little change last several hours with prices trading      either side of 0.9800. Close res. is still around 0.9820 followed by  0.9847.  A subsequent move above here, if seen, should target 0.9865 next. The overhead res. is at 0.9898. Sup. is a few pipseither side of 0.9750. N.I.
R5: 0.9898 * Aug 12 high
R4: 0.9972 * 2012 high
R3: 0.9898 * Aug 12 high
R2: 0.9865  projection
R1: 0.9847  Thurs high
S1: 0.9750~  recent high/low
S2: 0.9719 * Thurs low
S3: 0.9675  recent high
S4: 0.9625  intraday level
S5: 0.9592 * Wed low

Wednesday, December 17, 2014

Gaps are a magnet for a stock price

The simplicity of trading for short term profits or long term wealth for retirement is really down to the basic dynamics concerned with how to actually trade in an effective, objective and logical manner.Thus if there are only three things you can do in the market after all, that is buy it, sell it or do nothing. It doesn’t get much simpler then that stick to your trading plan.  Once you are in a trade you have to decide for yourself what you are going to do next. Traders need to gain experience and keep working to improve their performance.
New traders are either going to win on the trade, lose on it or maybe break even from time to time but whatever the outcome, this is the one true unknown element and thus, is what makes the act of trading not so easy. When traders kept records and got consistently better at finding decent trades, they soon learned that if they took the smart profits off the table when they had the chance to do so, they made money consistently. When traders didn’t, They would lose money. Yes we all want the most out of trades when we take them but we never really know how far they will run, so why not take a profit that is possible rather than hope the trade is going up more this is a mistake. Most successful traders hope this makes an impact in their results and more money in their accounts.
Trading Gap Zones

Tuesday, December 16, 2014

USD/JPY

The Japanese yen has made huge gains on Tuesday, as USD/JPY trades in the high-115 range on Tuesday. Late in the European session, the pair is trading under the 116 line, marking a 4-month low. On the release front, Japanese Manufacturing PMI was unchanged at 52.1 points. Later in the day, Japan will release Trade Balance. In the US, today’s major events are Building Permits and Housing Starts.
The yen has served as an unwilling punching bag for the US dollar for months, and last week USD/JPY pushed above the 121 line. However, the Japanese currency has turned the tables this week, as the yen has gained 200 points on Tuesday and some 320 since the start of the week. The safe-haven yen took advantage of a dip in the Chinese Flash Manufacturing PMI, which came in at 49.5 points. This pointed to contraction in the PMI for the first time May and raises concerns about the soft global economy.
Japan’s ruling Liberal Democratic Party registered a convincing election victory on the weekend, giving Prime Minister Abe a comfortable majority in the lower house of parliament. However, winning the election is likely to be the easy part, as the economy is stumbling and Abe’s economic reforms will face resistance from the upper house. Growth and inflation have not met the government’s target and the yen has tumbled to around 120 under “Abenomics”, with the BoJ implementing radical monetary easing. Meanwhile, the Japanese Tankan indices were a mix in the Q3 readings. The Manufacturing Index dipped to 12 points, down from 13 points in Q2. There was better news from the Non-Manufacturing Index, improving to 16 points, up from 14 points in Q2. The yen showed little response to these key releases.

Monday, December 15, 2014

USD/JPY has posted gains on Monday

USD/JPY has posted gains on Monday, following huge losses last week as the yen rebounded. In the European session, the pair is trading just shy of the 119 line. On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic party swept to victory in parliamentary elections. On the release front, the all-important Tankan releases were mixed. In the US, there are no major events to start off the week. Empire State Manufacturing Index looked awful, slipping to -3.6 points. Later in the day, we’ll get a look at Industrial Production. Both indicators are expected to improve, which could give the US dollar a boost. There are no Japanese releases on Monday.
Japan’s ruling Liberal Democratic party registered a convincing election victory, giving Prime Minister Abe a comfortable majority in the lower house of parliament. However, winning the election is likely to be the easy part, as the economy is stumbling and Abe’s economic reforms will face resistance from the upper house. Growth and inflation have not met the government’s target, and the yen has tumbled to around 120 under “Abenomics”, with the BoJ implementing radical monetary easing. Meanwhile, the Japanese Tankan indices were a mix in the Q3 readings. The Manufacturing Index dipped to 12 points, down from 13 points in Q2. There was better news from the Non-Manufacturing Index, improving to 16 points, up from 14 points in Q2. The yen showed little response to these key releases.
USD/JPY posted strong gains early in the Asian session, testing resistance at 118.69. The pair then retracted. In the European session, the pair has pushed higher and broken above the 118.69 line. USD/JPY is steady early in the North American session.
118.69 has switched to support role as the dollar has pushed higher. It could see further activity in the North American session. 117.94 is stronger.
On the upside, 119.63 is an immediate resistance line. USD/JPY ratio is pointing to gains in long positions on Monday. This is consistent with the pair’s movement, as the yen has posted losses. The ratio has a majority of long positions, indicative of trader bias towards USD/JPY continuing to gain ground.

Thursday, December 11, 2014

USD/JPY has posted strong gains on Thursday

USD/JPY has posted strong gains on Thursday, following strong gains by the yen for most of the week. In the European session, the pair is trading in the mid-118 range. The yen lost ground after Japanese Core Machinery Orders tumbled by 6.4%. As well, Tertiary Industry Activity disappointed with a reading of -0.2%. In the US, today’s major events include unemployment claims and retail sales. There are no Japanese releases on Thursday.
Japanese manufacturing took a downturn in October, as Japanese Core Machinery Orders swooned, posting a decline of 6.4%. This was the first decline since June, and was much worse than the estimate of -2.1%. Tertiary Industry Activity also disappointed with a drop of 0.2%, its second decline in three readings. The economy is clearly in trouble, as two consecutive quarters of negative growth mean that the country is officially in recession. Another ominous sign is that consumer confidence indicator continues to weaken. Not surprisingly, the Japanese consumer is less optimistic, as Consumer Confidence softened for a fourth straight month, falling to 37.7 points in November.
USD/JPY posted strong gains early in the Asian session, breaking above resistance at 117.94. The pair continued to post gains in European trade, testing resistance at 118.69. The pair has since retracted.
117.94 has reverted to a support role as the dollar has pushed higher. The next support line is 116.66.
On the upside, 118.69 is under strong pressure. 119.63 is stronger. USD/JPY ratio is pointing to gains in long positions on Thursday, resuming the trend we saw earlier in the week. This is not consistent with the pair’s movement, as the yen has posted losses. The ratio has a majority of long positions, indicative of trader bias towards USD/JPY gaining ground.

Wednesday, December 10, 2014

EUR/USD is showing little movement on Wednesday

EUR/USD is showing little movement on Wednesday, as the pair is trading in the high-1.23 range. On the release front, it’s a quiet day, with no major events out of the Eurozone or the US. In the Eurozone, French Industrial Production disappointed, posting a decline of -0.8%. In the US, today’s highlight is Crude Oil Inventories.
The Eurozone continues to struggle with low inflation levels, and a senior ECB official is warning of deflation dangers. Speaking in Washington on Tuesday, an ECB board member Peter Praet said that falling oil prices could push Eurozone inflation into negative territory. Such a scenario would spell bad news for the sluggish Eurozone economy and could push the euro to lower levels.
German numbers have been mixed recently and the trend has continued this week. On Tuesday, Trade Balance climbed to EUR 20.6 billion, marking a 3-month high. This easily beat the estimate of 18.1 billion. On Monday, German Industrial Production didn’t look sharp, posting a weak gain of 0.2%. This was a sharp drop from the 1.4% gain a month earlier. As the Eurozone’s largest economy, the euro is sensitive to German data and could lose more ground if key German data misses expectations.
EUR/USD has shown little movement in the Asian and European sessions.
1.2407 remains a weak resistance line. 1.2518 is stronger.
1.2286 is a strong support level.
Current range: 1.2286 to 1.2407 EUR/USD ratio is pointing to gains in short positions on Wednesday, continuing the trend we saw a day earlier. This is not consistent with the pair’s movement, as the euro is almost unchanged. The ratio is pointing to a majority of short positions, indicative of trader towards the dollar posting gains.

Monday, December 8, 2014

EUR/USD was flat in the Asian session

EUR/USD is almost unchanged on Monday, following gains a day earlier. In the European session, the pair is trading in the mid-1.22 range. The wobbly euro finds itself at its lowest level against the dollar since August 2012. On the release front, there are no major releases out of the Eurozone or the US. German Industrial Production dropped to 0.2%, while Eurozone Sentix Investor Confidence came in at -2.5 points. In the US, today’s sole event is the Labor Market Conditions Index, a new indicator which the Federal Reserve introduced in October.
Eurozone numbers were not impressive to start off the week. German Industrial Production posted a weak gain of 0.2%, compared to a 1.4% gain a month earlier. Investor confidence remains low, as the Eurozone Sentix Investor Confidence report recorded a decline of 2.5 points, a fourth straight decline.EUR/USD was flat in the Asian session. The pair has edged lower in European trade, breaking support at 1.2286.
1.2286 is a weak resistance line. Will the pair break below this line? 1.2407 is stronger.
1.2143 is a strong support level. EUR/USD ratio is pointing to gains in long positions on Monday. This is not consistent with the pair’s movement, as the euro has posted small losses. The ratio has a majority of long positions, indicative of trader bias towards EUR/USD moving upwards

Saturday, December 6, 2014

Trading Penny Stocks

Strategies act as a blueprint and are the foundational piece from which success is built on. Without a developed strategy, a team, company or individual will not know exactly what steps to take when certain events occur, instead their decisions will be impulsive and derived from emotions and immediate satisfaction.
 Recognizing the importance of strategies is crucial to achieving success in investing, especially in penny stock investing. What is even more critical is the implementation and disciplined execution of a strategy.  A different beast than the traditional blue chip stocks, penny stocks contain an element of intrigue and mystery. Often relating to companies who have very little to be judged upon, penny stocks require a disciplined and strategic approach that differs from their more known counterparts. A developed strategy for an investor should be holistic and take all applicable information into consideration.
In this book I'll teach you EVERYTHING you need to know in order to develop a strategy that will provide profitable capital gains and be unique to your specific situation and goals. I'll show you how to understand, analyze and predict the different factors that drive penny stock prices and what they mean to your portfolio.
Great Books on Penny Stocks

Friday, December 5, 2014

Candles with Big Volume

If you’re going to compete in the game of trading, make sure you have an edge or you will lose your money to someone who does. There are many indicators to buy into a market. Some are opportunities that lead to low risk and high reward buying opportunities that end up being very profitable trades. Some are traps that lead to losses for the new trader and profits for the professional. One of the best ways to get that extra education and experience is to trade like those traders who have the most success in their field, like financial institutions being those individuals. This is why your trading strategy models the most successful investors, funds and banks and takes their outlook on the market and applies it for ourselves.  Always be aware of the potential traps and pitfalls in any trades you do.
Trading Candles

Wednesday, December 3, 2014

XAU/USD

Gold is flat on Wednesday, as the spot price stands at $1201.10 in the European session. On the release front, there are two key releases – ADP Nonfarm Employment Change and ISM Non-Manufacturing PMI.
Gold prices have taken traders on a roller coaster ride early in the week. On Sunday, gold dropped sharply after Swiss voters rejected a proposal to boost the Swiss National Bank’s gold reserves. Had the motion passed, the SNB would have been required to purchase some 1500 metric tons of gold over five years. Gold prices sank to $1142 per ounce early on Monday, but reversed directions and has posted huge gains, climbing close to 5% on the day. Still, the long-term range for gold remains bearish, as the US economy strengthens and the markets prepare for a rate hike in 2015.
XAU/USD has shown little movement in the Asian and European sessions. The pair continues to trade close to the key $1200 line.
1200 is fluid and could see more action during the day. It is currently a weak support level.
1215 is an immediate resistance line. 1240 is stronger.
Current range: 1200 to 1215. XAU/USD ratio is pointing to gains in long positions on Wednesday. This is consistent with the pair’s movement, as gold has posted very small gains. The ratio has a majority of long positions, indicative of trader bias towards gold moving to higher gold.

USD/JPY is showing little movement on Wednesday

USD/JPY is showing little movement on Wednesday, as the pair trades in the mid-119, within striking distance of the psychologically important 120 level. On the release front, ADP Nonfarm Employment Change slipped to 208 thousand, well off expectations. Later in the day, we’ll get a look at ISM Non-Manufacturing PMI. The markets are expecting a slight improvement in the November release, with an estimate of 57.5 points. There are no Japanese releases on Wednesday.
The Japanese yen continues its disappearing act, as USD/JPY has its sights on the 120 level, which hasn’t been breached since April 2009. On Monday, the yen lost ground after a weak report from Average Cash Earnings, which slipped to 0.8% in October, short of the forecast of 0.5%. The softer reading points to less disposable income for the Japanese worker, which means a drop in spending. On Monday, the Moody’s rating agency downgraded Japan’s debt from Aa3 to A1, citing “heightened uncertainty” over the ability of the government to reduce the debt. The downgrade is seen as a response to Prime Minister Abe’s decision to delay a sales tax hike and the negative GDP reading, which means that the country is officially in a recession.
USD/JPY has shown limited movement throughout the day.
118.89 remains a weak support level. 117.94 is stronger.
119.93 is an immediate resistance line.USD/JPY ratio is pointing to gains in short positions on Wednesday, reversing the direction seen a day earlier. This is not consistent with the pair’s movement, as the yen has posted small gains. The ratio has a majority of long positions, indicative of trader bias towards the dollar moving to higher ground.

Tuesday, December 2, 2014

Complete Guide to Volume Price Analysis.

Forex For Beginners is the prequel to my first two books, A Three Dimensional Approach to Forex Trading, and A Complete Guide to Volume Price Analysis. It is your primer to the world of forex. It has been written to lay the foundations and provide the framework for getting started in the world of forex, in what I believe is the correct way. My other books then build on what you will learn here, to further develop your trading skills and knowledge.The book explains everything, from the pure mechanics to the trading methodology that I advocate, and which I have used in all my own trading and investing for over 17 years. Forex For Beginners is also dedicated to all those traders who have asked me to write such an introduction, based on my knowledge and my methodology. This book is for you.
Books on Forex Trading

USD/JPY has gained close to 100 points on Tuesday

USD/JPY has gained close to 100 points on Tuesday, as the pair trades above the 119 line. Is the pair headed for the 120 level? On the release front, Japanese Average Cash Earnings fell to 0.5% in October, missing expectations. In the US, there are no major releases. Federal Reserve Chair Janet Yellen will deliver remarks in Washington.
The Japanese yen continues its disappearing act, as the currency is trading above  the 119 line. The yen lost ground on a weak report from Average Cash Earnings, which slipped to 0.8% in October, short of the forecast of 0.8%. The softer reading points to less disposable income for the Japanese worker, which means a drop in spending. On Monday, the Moody’s rating agency downgraded Japan’s debt from Aa3 to A1, citing “heightened uncertainty” over the ability of the government to reduce the debt. The downgrade is seen as a response to Prime Minister Abe’s decision to delay a sales tax hike and the negative GDP reading which means that the country is officially in a recession.
USD/JPY posted gains late in the Asian session. The pair continues to move higher in European trade and broke above resistance at 118.89.
118.89 has reverted to a support role as the yen has sustained sharp losses. 117.94 is stronger.
119.93 is a strong resistance line.USD/JPY ratio is pointing to gains in long positions on Tuesday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the yen has posted sharp losses. The ratio has a majority of long positions, indicative of trader bias towards the dollar continuing to move to higher ground.

Tuesday, November 25, 2014

EUR/USD is very quiet on Tuesday

EUR/USD is very quiet on Tuesday, as the pair trades in the mid-1.24 range in the European session. On the release front, German GDP posted a weak gain of 0.1%, matching the forecast. In the US, there are two key events on the schedule – Preliminary GDP and CB Consumer Confidence.
All eyes are on US GDP for Q3, which will be released later on Tuesday. The markets are expecting a strong gain of 3.3%. This is not as strong as the Q2 release, which posted a gain of 4.2%. If the indicator meets or exceeds expectations, we could see the US dollar post gains in the North American session.
The euro hasn’t had much to cheer about lately, and the currency took a tumble on Friday, losing over 150 points. This was a result of remarks from ECB head Mario Draghi, who warned that that inflation expectations were declining to levels that were very low and said the ECB is ready to expand its stimulus program. Deep interest rate cuts haven’t boosted growth or inflation, so the ECB has reached deeper into its toolbox and purchased covered bonds and asset-backed securities. So far, these purchases have been from the private sector, but the ECB could decide to expand these purchases to government bonds, known has quantitative easing (QE). However, there is strong resistance to QE from national central banks, such as the powerful German Bundesbank.
EUR/USD has showed little movement in the Asian and European sessions. The pair touched a high of 1.2444 early in the European session.
1.2518 is a strong resistance line.
1.2407 is a weak support level. 1.2286 is stronger. EUR/USD ratio is close to a split of long and short positions. This is indicative of a lack of trader bias with regard to what direction to expect from the pair.

Monday, November 24, 2014

How to find a good stock to trade

Traders know that most stocks, ETF's and markets are not created equally. With all the choices some under lying products might present better money making trades then others. The trick is to make a custom list that can be traded to make money. Traders need to create a a symbol list that you can monitor with out creating a new list everyday. By having a list of stock you can watch you will get use to knowing when one of them is right for a trade. Most of the major brokers will have a trading platform where you can keep a stock list and it will up date daily.
You can set stocks that have good daily volume and price movements with support and resistance areas on your charts. The brokers will have a stock screener where you can search for stocks that you are interested in trading. You should pay close attention to stock market news which can show you hot stocks that are being traded before they cool off. Liquidity is very important so if you do make a trade it will be easier to get out of the stock when you decide to sell. The higher the volume the narrower the bid and ask the more liquid the stock. This will help you get trading faster and you will become more efficient at finding stocks.
How to find a good stock to trade

XAU/USD is showing limited movement

Gold has posted modest gains on Thursday, recovering losses sustained a day earlier. The spot price is trading at $1196 per ounce in the European session. On the release front, it’s a very quiet day, with only one event, Flash Services PMI. No change is expected in this reading.
The euro hasn’t had much to cheer about lately, and the currency took a tumble on Friday, losing over 150 points. This was a result of remarks from ECB head Mario Draghi, who warned that that inflation expectations were declining to levels that were very low and said the ECB is ready to expand its stimulus program. Deep interest rate cuts haven’t boosted growth or inflation, so the ECB has reached deeper into its toolbox and purchased covered bonds and asset-backed securities. So far, these purchases have been from the private sector, but the ECB could decide to expand these purchases to government bonds, known has quantitative easing (QE). However, there is strong resistance to QE from national central banks, such as the powerful German Bundesbank.
XAU/USD is showing limited movement as the pair continues to trade close to the 1200 line.
On the downside, 1175 is providing strong support.
1200 has reverted to a resistance role as the pair has posted small losses.
Current range: 1175 to 1200. XAU/USD ratio is pointing to gains in short positions on Monday. This is consistent with the pair’s movement, as gold has posted small losses. The ratio has a majority of long positions, indicative of trader bias in favor of gold moving to higher levels.

Thursday, November 20, 2014

USD/CHF Daily

 USD/CHF  Daily
14::00 GMT - Mkt. is little changed overall but action has been very choppy today. Res. is still in the 0.9600/10 band followed by 0.9625. To the downside, close sup. is a touch higher at 0.9550. If this subsequently fails, a drop below 0.9530 should   follow.N.I.
R5: 0.9700 * 11 Nov high
R4: 0.9688  Fri high
R3: 0.9654  Tues high
R2: 0.9625  intraday level
R1: 0.9600/10  intraday level
S1: 0.9530  Wed low
S2: 0.9510  intraday level
S3: 0.9475  intraday level
S4: 0.9439 * 29 Oct low

Monday, November 17, 2014

USD/CHF Daily

 USD/CHF  Daily
14::35 GMT - Recovery is continuing with prices recently moving above  the 0.9620 res. There is some res. around current levels (0.9635)  while the next significant level is 0.9688. First sup. should be a bit higher now at 0.9590/00.  N.I.
R4: 0.9751 * Jul 13 high
R3: 0.9740  7 Nov high
R2: 0.9700 * Tues high
R1: 0.9688  Fri high
S1: 0.9590/00  intraday level
S2: 0.9572  14 Nov low
S3: 0.9555  today low
S4: 0.9539 * 30 Oct low
S5: 0.9510  intraday level

Friday, November 14, 2014

EUR/USD Daily

 EUR/USD   Daily
13::35 GMT - Break of the earlier low has seen prices just about reach next sup. band at 1.2393/00. Below here next sup. should come at  1.2380 then 1.2357. Res. is in the 1.2425/40 band. N.I.

R5: 1.2530/40  intraday level
R4: 1.2500/9 * Mon high
R3: 1.2491  Thurs high
R2: 1.2470  today high
R1: 1.2425/40  intraday level
S1: 1.2393  Tues low
S2: 1.2380  intraday level
S3: 1.2357 * 7 Nov low
S4: 1.2345  minor projection

Thursday, November 13, 2014

Japanese yen is showing little movement on Thursday

The Japanese yen is showing little movement on Thursday, as USD/JPY trades in the mid-115 range. On the release front, Japanese Core Machinery Orders posted a strong gain of 2.9%. In the US, Unemployment Claims rose to 290 thousand. Later in the day, Fed Chair Janet Yellen will speak at a conference in Washington hosted by the ECB and Federal Reserve.
US Unemployment Claims has looked solid in recent readings, but the key indicator jumped to 290 thousand, missing the estimate of 282 thousand. This marked a seven-week high for the key indicator. USD/JPY shrugged off the weak reading and continues to show little movement. On Friday, we’ll get a look at US retail and consumer confidence numbers, so we could see some movement from USD/JPY.
USD/JPY tested resistance at 115.75 in the Asian session. The pair is steady in European trade.
On the upside, 115.75 remains under pressure. 116.66 is stronger.
114.65 is providing strong support. USD/JPY is almost unchanged on Thursday. This is consistent with USD/JPY, which has shown little net movement on the day. The ratio currently has a majority of long positions, indicative of trader bias towards the US dollar moving higher.

EUR/USD

It’s been a quiet week for EUR/USD and this lack of activity continues on Thursday, as the pair trades in the mid-1.24 range in the European session. On the release front, French CPI came in at a flat 0.0%, while German CPI slipped to -0.3%. In the US, we’ll get a look at key employment data, with the release of Unemployment Claims and  JOLTS Job Openings. In Washington, Fed Chair Janet Yellen will speak at conference hosted by the ECB and Federal Reserve.
EUR/USD edged upwards in the Asian session. The pair is steady in European trade.
On the downside, 1.2407 remains a weak support line. 1.2286 is next. This line has remained intact since August 2012.
1.2518 is an immediate resistance line.
Current range: 1.2407 to 1.2518 EUR/USD ratio is pointing to gains in long positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro has posted small gains. The ratio is almost an even split between long and short positions, indicative of a lack of trader bias towards what direction to expect from EUR/USD.

Wednesday, November 12, 2014

Gold rose on Wednesday as the dollar retreated from earlier highs

Gold rose on Wednesday as the dollar retreated from earlier highs, but overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing.
Market participants were also digesting news that Swiss regulator FINMA said it found a “clear attempt” to manipulate precious metals benchmarks during its investigation into precious metals and FX trading at UBS.
Holdings in SPDR Gold Trust, the world’s top gold-backed exchange-traded fund, fell 0.12 percent to 724.46 tonnes on Tuesday – a six-year low.
The figures marked the fund’s sixth straight day of outflows. The ETF is seen as a good reflection of market sentiment due to the size of its holdings.
“The overall backdrop is still negative with the dollar tilting towards strength and continued ETF outflows due to continued rises in U.S. stock markets,” Commerzbank analyst Carsten Fritsch said.
He added that subdued physical demand in Asia and a weak technical picture were also darkening the outlook.
Spot gold was up 0.3 percent at $1,167.60 an ounce by 1339 GMT, after gaining 1.2 percent on Tuesday.

Tuesday, November 11, 2014

USD/CHF Daily

 USD/CHF  Daily
13::50 GMT - Mkt. has been a bit higher in earlier trade but the top ofthe 0.9680/00 res. band has held. A subsequent break, if seen, should allow for a retest of the 0.9740 top. Sup., meanwhile, should be around 0.9650 then 0.9613.  N.I.
R5: 0.9898  2 Aug 12 high
R4: 0.9790 * 29 May 13 high
R3: 0.9751 * Jul 13 high
R2: 0.9740  Fri high
R1: 0.9680/00  intraday level
S1: 0.9650  intraday level
S2: 0.9614  Mon low
S3: 0.9600  Thurs low
S4: 0.9578  4 Nov low
S5: 0.9539 * 30 Oct low

EUR/USD is stable on Tuesday

EUR/USD is stable on Tuesday, as the pair trades slightly above the 1.24 line in the European session. On the release front, there are no releases out of the Eurozone, and French banks are closed for Remembrance Day. In the US, banks will be closed for Veterans Day, so traders can expect reduced liquidity in the currency markets. The only release on Tuesday is NFIB Small Business Index, a minor event.
It was a poor start for the Eurozone on Monday. Italian Industrial Production dropped 0.9%, its third decline in three releases. The markets had expected a gain of 0.2%. There was no relief from Eurozone Sentix Investor Confidence, which posted a third straight decline, as investor and analyst sentiment has slipped to very low levels. This poor reading comes as no surprise, as with the Eurozone stuck with low growth, weak inflation and high unemployment. Draghi has lowered interest rates to the bone, but the cuts have not improved the economic situation. The ECB has decided to focus on its balance sheet and has issued long-term loans to banks and purchased covered bonds. The ECB will begin buying asset-backed purchases later this month, which could push down on the struggling euro. However, these moves may not be enough and Draghi may be forced to borrow a page from the book of other central banks and commence quantitative easing, which is the purchase of government securities.EUR/USD has been uneventful in the Asian session. The pair tested support at 1.2407 in European trade.
1.2407 was tested earlier but continues to provide support. 1.2286 is stronger.
1.2518 is a strong resistance line.
Current range: 1.2407 to 1.2518 EUR/USD ratio is pointing to gains in long positions on Tuesday, reversing the direction seen a day earlier. This is not consistent with the pair’s movement, as the euro is almost unchanged on the day. The ratio is close to a split between and short positions, indicative of a lack of trader bias towards what direction to expect from EUR/USD.

Monday, November 10, 2014

USD/JPY trades in the mid-114 range

The Japanese yen is steady on Monday, as USD/JPY trades in the mid-114 range early in the North American session. On the release front, Japanese Current Account will be released later in the day. There are no US releases on Monday.
US Nonfarm Payrolls disappointed on Friday, as the key employment indicator slipped to 214 thousand, well short of the estimate of 235 thousand. On a brighter note, the unemployment rate slipped to 5.8%, its lowest level in six years. On Thursday, Unemployment Claims fell to 278 thousand. This was better than the estimate of 285 thousand and marked a three-week low.
On Thursday, the Bank of Japan released the minutes of its previous policy meeting, which took place earlier in October. That event sent the yen tumbling and the currency has yet to recover. At the meeting, the BoJ surprised the markets by increasing monetary stimulus from JPY 60-70 trillion to 80 trillion per year.
USD/JY lost ground in the Asian session but has recovered in European trade.
114.65 is a weak resistance line. 115.75 is stronger.
113.68 is providing support. 112.94 is next.
Current range: 113.68 to 114.65
USD/JPY is pointing to gains in long positions on Monday. This is not consistent with the lack of movement shown by the pair. The ratio currently has a majority of long positions, indicative of trader bias towards USD/JPY breaking out of range and moving upwards.

Friday, November 7, 2014

gold as a hedge against the dollar

Many hold gold as a hedge against the dollar and indeed the traditional negative relationship has been very evident this year - the negative correlation particularly strengthened in H2. At the moment gold's 20-day correlation with the trade-weighted dollar index is hovering near the lowest levels since September 2012. This also means that the relationship between gold and the euro is near its strongest - right now the 20-day correlation sits at 0.62, which is near the highs for the year. With the dollar appreciating strongly, helped by BOJ and ECB easing, it should be no surprise that gold is coming under tremendous pressure.

Thursday, November 6, 2014

USD/CHF Daily

Nov  USD/CHF  Daily
13::50 GMT - Significant break higher in recent trade with prices now  above 0.97. Next focus is the tops at 0.9751 and 0.9790 and we could  see a trade near here once overbought indicators have unwound. Sup. should be in the 0.9670/90 band. N.I.
R4: 0.9898  2 Aug 12 high
R3: 0.9790 * 29 May 13 high
R2: 0.9751 * Jul 13 high
R1: 0.9720  minor projection
S1: 0.9670/90  recent tops
S2: 0.9600  intraday level
S3: 0.9578  Tues low
S4: 0.9539 * 30 Oct low
S5: 0.9520  recent highs

Platinum ETF holdings increased

In the week to November 5: Gold ETF holdings declined 0.34moz to 56.53moz. Investors liquidated 211koz of their holdings from the SPDR fund, 56koz from the Source fund, 48koz from the ETFS (LSE) fund, 29koz from the iShares fund and 28koz from the Sprott fund. On the contrary, inflows were seen in the GBS (LSE) fund to the tune of 60koz. Total ETF holdings were down 0.26moz, month-to-date. The rolling monthly change stood at -1.03moz against -1.11moz of the previous week.
Silver ETF holdings remained steady at 628.05moz. Investors added 93koz to their holdings in the ETFS (NYSE) fund. All of these inflows were set-off by outflows of 37koz from the Julius Baer fund, 31koz from ETFS (LSE) fund and 17koz from UBS fund.

Platinum ETF holdings increased 31.92koz to 2821.65koz, due to inflows in the ETFS (LSE) fund. In the same week, palladium ETF holdings climbed 62.04koz to 3088.68koz. Inflows of 56koz came in the ETFS (LSE) fund and 15koz in Standard bank fund.

Wednesday, November 5, 2014

EUR/USD has posted losses on Wednesday

EUR/USD has posted losses on Wednesday, wiping out the gains seen a day earlier. In the European session, the pair is trading in the high-1.24 range in the European session. In the Eurozone, Services PMIs met expectations, but Retail Sales looked awful, posting a sharp decline of -1.3%. In the US, there are two major events – ADP Non-Farm Employment Change and US ISM Non-Manufacturing PMI.
Eurozone and Spanish Services PMI were almost unchanged from last month and met expectations. The Italian release improved to 50.8, pointing to expansion in the services industry for the first time in three months. The news was not as positive from Retail Sales, which came in at -1.3%, much worse than the estimate of -0.6%. This marked the indicator’s sharpest decline since January. Consumer spending is a key component of economic growth, and is one more indication of the poor state of the Eurozone economy.
EUR/USD lost ground late in the Asian session and this trend continues in European trade.
1.2518 continues to be active and is a weak resistance line. 1.2688 is stronger.
1.2407 is the next support level.
Current range: 1.2407 to 1.2518 EUR/USD ratio is unchanged on Wednesday. This is not consistent with the pair’s movement, as the euro has lost ground. The ratio has a majority of long positions, indicative of trader bias towards the euro reversing direction and moving higher.

Tuesday, November 4, 2014

EUR/USD

EUR/USD is showing little movement on Tuesday, continuing the trend which started the week. In the European session, the pair is trading in the low-1.25 range in the European session. On the release front, the EU issued its economic forecasts, which project continuing weakness in the Eurozone. In Spain, Unemployment Change posted a dismal reading of 79.2 thousand. In the US, Trade Balance is expected to show little change, with an estimate standing at -$40.0 billion.
EUR/USD edged higher early in the Asian session, testing resistance at 1.2518. The pair is steady in the European session.
1.2518 was tested earlier and remains fluid. We could see the pair break above this line during the day. 12.688 is a strong resistance line.
1.2407 continues to provide strong support.EUR/USD ratio is almost unchanged on Tuesday. This is consistent with the limited movement we’re seeing from the pair. The ratio has a majority of long positions, indicative of trader bias towards the euro breaking out and moving higher.

Monday, November 3, 2014

USD/JPY continues to rally on Monday

USD/JPY continues to rally on Monday, as the pair trades in the mid-113 range late in the European session. USD/JPY has gained a remarkable 500 points in the past week, as the yen finds itself trading at its lowest level since December 2007. On the release front, On the release front, Japanese markets are closed for a holiday. In the US, today’s highlight is ISM Manufacturing PMI. The markets are expecting little change in the upcoming release, with an estimate of 56.5 points.
The dollar surged against the yen on Friday, gaining over 300 points. The yen took a tumble after the BoJ surprised the markets with a move to increase monetary stimulus. The BoJ increased the monetary base from JPY 60-70 trillion to 80 trillion per year. The Japanese central bank said that the move was needed to increase inflation, which remains short of the central bank’s target of 2%.
Japanese data was a mix last week. Preliminary Industrial Production sparkled in September, with a gain of 2.7%, compared to a reading of -1.5% a month earlier. The estimate stood at 2.3%. Earlier in the week, Japanese Retail Sales was unexpectedly strong in September, climbing 2.3%, its strongest gain since March and well above the estimate of 0.9%. There has been concern about consumer spending in Japan after the sales tax was raised in April from 5% to 8%. The government plans to increase the tax to 10%, but is wary about hurting the economy, which has been marked by modest growth. Meanwhile, Household Spending, an important consumer spending indicator, fell 5.6%, well below expectations.
USD/JPY continues its impressive rally on Monday. The pair was steady in the Asian session and has posted strong gains in European trade, breaking past resistance at 11.294 and 113.68.
114.65 is a strong resistance line.
113.68 has switched to a support role as the dollar continues to move upwards. This weak line could see more activity during the day. 112.94 is stronger.
Current range: 113.68 to 114.65 USD/JPY ratio is pointing to gains in long positions on Monday. This is consistent with the pair’s movement, as the dollar continues to post strong gains against the yen. The ratio currently is close to evenly split, indicative of a lack of trader bias towards what direction USD/JPY will take.

Friday, October 31, 2014

Short term traders especially tend to lose money

Traders need to know that market makers are smart and most of the time they can see the stops.  They do know that most traders will place stops around whole, and they will hit the stops to shake you out.  You should also place stops close to supply and demand areas, not at supply and demand for the same reason. Most new traders treat the charts the opposite of how they treat their normal trading. Many try to buy things after they have already gone up in price, where stock are to high priced, and look to sell things after they have gone down in price where things are cheap. Every other buying or selling transaction in their lives is done properly, but trading is where things get messed up.
As the new trader is sitting at his or her computer trying to find good trades either in the stock or forex markets, they are examining charts and trying to figure out what to do: buy, sell, or wait. When a currency pair has  moved up, meaning a series of green candles has already formed, they can eliminate at least one of their options. You are too late to buy. Traders could wait at this time, or they could choose to sell in a quality supply zone. When a currency pair or stock has already moved down, thus a series of red candles has formed, the pair is at a lower price. New traders can’t sell cheap things, so one choice is eliminated.
Stop losses when trading

EUR/USD continues to lose ground on Friday

EUR/USD continues to lose ground on Friday, as the pair trades in the mid-1.25 range in the European session. On the release front, it’s a busy day in the Eurozone and the US. In the Eurozone, German Retail Sales posted a sharp decline of 3.2%. French Consumer Spending came in at -0.8%. In the US, today’s highlight is Revised UoM Consumer Sentiment. The markets are expecting the indicator’s upward trend to continue, with the estimate standing at 86.4 points.
It’s been a rough week for German releases, as the Eurozone’s largest economy continues to struggle. On Friday, Retail Sales were dismal, plunging by 3.5%. This marked the sharpest decline since October 2007. The markets had expected a decline of 0.8%. Consumer Climate and CPI softened in September, although Unemployment Change was better than expected. Meanwhile, Eurozone CPI edged upwards to 0.4%, matching the forecast. Core CPI and the Unemployment Rate remained unchanged, at 0.7% and 11.5% respectively.
EUR/USD weakened late in the Asian session. The euro is stable in European trade.
1.2688 remains a strong resistance line.
1.2518 is an immediate support level. 1.2407 is stronger.
Current range: 1.2518 to 1.2688
EUR/USD ratio is pointing to gains in long positions on Friday, continuing the trend seen a day earlier. This is not consistent with the movement of the pair, as the euro continues to lose ground. The ratio has a majority of long positions, indicative of trader bias towards the euro reversing direction and moving higher.

Thursday, October 30, 2014

GBP/JPY Daily

 GBP/JPY  Daily
15::20 GMT - The 2/3 day range below 174.75/ 175~ continues into this  pm., pegging GBP to the midpoint of the Sep-Oct decline. At the 50%   mark, Oct's rally is stil potentially a corrective rally; we need to see acceptance above 175.00 to turn bullish (at     least into 177.50/ 178.00.)  [NR]
R5: 180.66 ** 19-Sep YTD high
R4: 178.70   23-Sep high
R3: 178.10~ * fr 26-Sep highs
R2: 175.00~ * Jan & Jul highs
R1: 174.75   fr 28-Oct hjghs
S1: 173.65   Tues low
S2: 171.02   22-Oct low
S3: 170.15   17-Oct low
S4: 168.00 * 15-Oct low
S5: 167.72 * 18-Mar low

USD/JPY

USD/JPY has moved upwards on Thursday, as the US dollar has posted broad gains following the FOMC policy statement on Wednesday. In the European session, the pair is trading just above the 109 line. On the release front, there are two major US events -GDP and Unemployment Claims. Both indicators are expected to post strong figures, so we could see the dollar post gains in the North American session. As well, Federal Reserve Chair Janet Yellen will address an event in Washington. In Japan, today’s highlights are Tokyo CPI and Household Spending.
USD/JPY posted gains in the Asian session. The pair is choppy in the European session.
109.82 is the next resistance line.
108.58 has reverted to a support line after the yen lost ground on Wednesday. 107.68 is next.
Current range: 108.58 to 109.82
USD/JPY ratio is pointing to gains in short positions on Thursday, continuing the direction seen a day earlier. This is not consistent with the pair’s movement, as the dollar continues to post gains. The ratio has a majority of long positions, indicative of trader bias towards the dollar moving higher.

Wednesday, October 29, 2014

USD/CHF Daily

 USD/CHF  Daily
13::20 GMT - Flat trade continues after low at 0.9443 Tues. However, westill see risk to the downside with next minor sup.  around 0.9420    while the more important level is at 0.9396. Bounce off Tues low was limited to 0.9480 and this is first res. for the     balance of the day.  N.I.
R5: 0.9574 * 13 Oct high
R4: 0.9558/63  15/23 Oct high
R3: 0.9520/25  intraday level
R2: 0.9511  Tues high
R1: 0.9480  intraday level
S1: 0.9443  Tues low
S2: 0.9420  intraday level
S3: 0.9396  16 Oct low
S4: 0.9358 * 15 Oct low

Tuesday, October 28, 2014

dollar slid lower against the yen

The dollar slid lower against the yen and the euro Tuesday after a measure of U.S. manufacturing fell for a second consecutive month, suggesting growth may be slower in the third quarter and interest rates may stay lower for longer.
The dollar fell to JPY107.78 from JPY108.12 ahead of the data, trading flat early in the Americas session. The euro rose to $1.2752, from $1.2710 beforehand, up 0.4% on the day.
Purchases of durable goods slid 1.3% in September from one month earlier to $241.63 billion, the second straight drop, the Commerce Department said. Economists predicted orders would rise by 0.7% in September.
The dollar's moves on second-tier data reflects the market's nervousness about the health of the U.S. economy and its effects on interest rates. Investors had been buying the U.S. currency in preparation for higher interest rates, which would boost yields on dollar-denominated assets. With the Federal Reserve meeting this week, investors are less certain.

Monday, October 27, 2014

USD/JPY Daily

 USD/JPY  Daily
13::00 GMT - Slow trade back this am. has covered Fri.'s range/ tests  Fri.'s low, with the USD not far off 107.50/ recent highs & a test of the bullish separation after Oct's big 105.50 test. Assuming the USD holds this 107.50/ 108.00 area s/t, next upsideis to 109.00/ back to the mid-Oct selling break.  [NR]
R5: 110.00-08 ** 1-Oct excs YTD high
R4: 109.90   3-Oct high
R3: 109.25   7-Oct high
R2: 108.75   8-Oct high
R1: 108.35~ * fr 23-Oct highs
S1: 107.40~   mid-Oct highs
S2: 106.75   22_Oct low
S3: 106.22   21-Oct low
S4: 105.45 * Jan high
S5: 105.20 * 15-Oct low

Thursday, October 23, 2014

USD/JPY trades in the high-107-range

The US dollar has posted gains on Thursday, as USD/JPY trades in the high-107-range in the European session. The dollar has resumed its winning ways, gaining close to 200 points in the past week against the sagging yen. On the release front, Japanese Flash Manufacturing PMI climbed to 52.8 points.  In the US, Unemployment Claims rose to 284 thousand, much higher than the previous reading of 264 thousand. However, the four-week average, which is less volatile than the weekly release, dipped to 281,000, a 14-year low.
USD/JPY was flat in the Asian session but has posted strong gains in European trade, breaking above resistance at 107.68.
107.68 has reverted to a support level as the dollar shows strong gains. 106.85 is stronger.
108.58 is the next resistance line.
Current range: 107.68 to 108.58
USD/JPY ratio is showing gains in long positions on Thursday, continuing the trend seen a day earlier. This is consistent with the pair’s movement, as the dollar has posted strong gains. The ratio has a majority of long positions, indicative of trader bias towards the dollar continuing to move higher.

Wednesday, October 22, 2014

Stock trading book

As a frequent contributor to Futures Magazine, MoneyMorning, Traders Advantage and other top financial publications, I know from experience that stock trading offers enormous profit potential for traders if you have the right tools for success. But, each year, millions of aspiring stock traders still come to the stock market but still fail to achieve any meaningful success despite being armed with the latest indicators or some expensive stock trading system. There are two main reasons: One, they lack a proper foundation in the study of price action and, two, they lack a method to show them where to find trading opportunities and when to pull the trigger. Price action is the language of the market that is spoken to you each day through price charts and, if you understand what its trying to tell you, then you'll never lack for low-risk trades again. But, you also have to have a stock trading method that provides a set of rules to show you when a trade is setting up with the least amount of risk combined with the highest probability of success. Without understanding either of these concepts, you're chances are slim that you'll succeed. But, if you have the patience, drive, and discipline to apply a few simple rules along with sound fundamental and technical analysis, then the odds are on your side that you'll succeed. In Simple Stock Trading Formulas, you'll read about the role of both the stock exchanges and stocks themselves so that you understand how the game is played. Next, you'll learn how to "look under the hood" to find fundamentally sound stocks that have the highest chance of becoming a high-performer, avoiding the stagnant, lifeless stocks that are going nowhere. Then, you'll get to the meat of the book and get a in-depth breakdown on technical tools, price patterns, how to spot compelling technical criteria, mindset, and a set of rules-based stock trading strategies that work in any market condition. You'll also learn: • The nature of the market and how to use it to profit. • What stocks are and what is their purpose? • Why volatility frightens the majority of traders but how you can profit from it. • The dual relationship of price and volume. • What roles do stock exchanges play? • What key indicators to use to get into the market (and when to stay out). • The best price patterns to trade for consistent winners. • How to spot market reversals and how to profit from them. • What warning signs to watch for so that you don't get wiped out financially. • What 3 indicators form an unbeatable winning formula for trading. • How to use "Big Daddy" to always be on the right side of the trend. • What the only two types of price action are and how to profit with them. • How to spot turns in the market and how to use them to time your entries. • 7 step-by-step trading formulas to find winning trades in any market type. • Fundamental and technical formulas to rack up above-average returns.
Excellent stock trading books

RSI trading chart indicator

Sometime there as a problem with using the RSI in this manner is that in a strong uptrend the RSI will typically use forty as a support level.  And when price is in a strong downtrend, the RSI will use sixty as a resistance level.  many traders talk about using the RSI with those new parameters to identify some of those opportunities as they approach supply and demand levels. This is a good time to go long or short in a stock trade.
The best information traders can take from this is to understand there are more then one way to think trading the stock markets. Traders can keep an look on the news and normal trend analysis and sell near the low and buy near the high at support and resistance. Traders can watch the reality of how they make money buying and selling stocks.  Traders need to learn how to trade. many times you would start to think different because we all want to buy at low prices and sell at retail prices in every part of your trading. That is actually  how you need to think about the trading markets because the truth is, there is no difference between the proper buying and selling action you take when trading and the proper buying and selling action you take when buying and selling most of the different stocks.
RSI trading chart indicator

USD/CHF Daily

 USD/CHF  Daily
13::30 GMT - Mkt. has peaked for now after making new high at 0.9530.  Sup. comes a bit higher now at the day low at 0.9473 and very s/term  outlook should stay mildly positive while this holds. lower sup. is at 0.9440. Above 0.9530 next res. is at     0.9563.N.I.
R5: 0.9624 * 7 Oct high
R4: 0.9592/00  8/10 Oct highs
R3: 0.9574 * 13 Oct high
R2: 0.9563  15 Oct high
R1: 0.9530  today high
S1: 0.9473  today low
S2: 0.9440  intraday level
S3: 0.9396  16 Oct low
S4: 0.9358 * 15 Oct low
S5: 0.9300 * 16 Sep low

Monday, October 20, 2014

Japanese yen is steady on Monday, as USD/JPY

The Japanese yen is steady on Monday, as USD/JPY trades just below the 107 line. It’s a quiet start to the week, with no US or Japanese releases on Monday. In Japan, BoJ Governor Haruhiko Kuroda reiterated the central bank’s policy stance.
USD/JPY ratio is showing little movement on Monday. This is not consistent with the pair’s movement, as the yen has posted gains against the dollar. The ratio has a majority of long positions, indicative of trader bias towards the dollar reversing direction and moving higher.
On Monday, BoJ Governor Haruhiko Kuroda stated that Japan’s economy continues to improve modestly, although consumer demand is down after the consumption tax hike in April. The BoJ would prefer to stay on the sidelines, but there has been talk that the central bank could step in with additional stimulus if the economy takes a turn for the worse. Such a move would weigh on the already weak Japanese yen.

Friday, October 17, 2014

Dollar up 0.2% against yen at Y106.50. Euro down 0.1% to $1.2795.

 USD this week's selloff in the dollar, investors of all stripes remain heavily positioned with bets on the greenback's rise. The buck may well see another push lower to reach some degree of equilibrium for the market. "Given the positioning, the dollar will weaken more on negative data surprises than it will strengthen on positive data surprises," says Mark McCormick, FX strategist at Credit Agricole. Also, voices from the Fed are becoming more dovish of late, so more investors will likely hesitate before putting on, or adding to, dollar-long positions over next two weeks until FOMC. Dollar up 0.2% against yen at Y106.50. Euro down 0.1% to $1.2795.

Thursday, October 16, 2014

USD/CHF Daily

 USD/CHF  Daily
13::05 GMT -Today's recovery has been capped so far in the 0.9480/00   res. band. Sup. should now be around 0.9430 while the more important  level is at 0.9395/00. A break here would swing the bias back to the downside. Higher res. is at 0.9520.N.I.
R4: 0.9592/00  8/10 Oct highs
R3: 0.9574 * Mon high
R2: 0.9520  intraday level
R1: 0.9480/00  intraday level
S1: 0.9430~  intraday level
S2: 0.9395/00  intraday level
S3: 0.9358 * Wed low
S4: 0.9300 * 16 Sep low

Tuesday, October 14, 2014

AUD/USD ratio has a majority of long positions

AUD/USD ratio has a majority of long positions, indicative of trader bias towards AUD/USD reversing directions and resuming its rally against the greenback.
The Australian dollar has edged lower on Tuesday, as AUD/USD trades in the mid-0.87 line in the European session. The currency started off the week in fine fashion, gaining almost 100 points on Monday. In economic news, Australian NAB Business Confidence dropped to 5 points in September. Later in the day, we’ll get a look at Westpac Consumer Sentiment. In the US, there was just one release, as NFIB Small Business Index missed the estimate.
Australian NAB Business Confidence continues to slip, falling to 5 points in September release.  This was the key indicator’s weakest showing since March. Weak business confidence could translate into decreased spending and hiring by the private sector, which would be very bad news for the economy and could hurt the Australian dollar.
•AUD/USD posted gains in the Asian session, breaking above resistance at 0.8763. The pair then retracted, and has remained steady in the European and North American sessions.
•On the upside, 0.8763 was breached earlier but recovered. It remains a weak line. There is stronger resistance at 0.8220.
•0.8668 is providing support.
•Current range: 0.8668 to 0.8763

Gold for December

Bullion erased this year’s gains earlier this month as signs of an improving U.S. economy added to the case for higher borrowing costs. Rising interest rates reduce gold’s allure because the metal generally only offers investors returns through price gains, while a stronger dollar typically cuts demand for a store of value.
“With uncertainty about the timing of the Fed’s rate hike now starting to show, we feel that equities and the dollar would continue on the defensive, which would then underpin gold,” Abhishek Chinchalkar, an analyst at Mumbai-based AnandRathi Commodities Ltd., said in a report today. “Gains could be capped around $1,250 an ounce if crude continues under pressure.”
Gold for December delivery added 0.5 percent to $1,236.10 an ounce by 7:36 a.m. on the Comex in New York. It reached $1,238 yesterday, the highest since Sept. 17. Gold for immediate delivery was little changed at $1,235.81

Monday, October 13, 2014

USD/CHF Daily

 USD/CHF  Daily
13::55 GMT -Mkt. has dropped back a bit further last several hours.    overnight. We still think it needs to hold 0.9500 or better or last   week's low at 0.9467 is likely to come under pressure. If the latter fails, next sup. is at 0.9449/56. Res. is at today's    high at 0.9574. N.I.
R5: 0.9675  intraday level
R4: 0.9635  intraday level
R3: 0.9624 * Tues high
R2: 0.9592/00  Wed/Fri high
R1: 0.9574  today high
S1: 0.9500~  intraday level
S2: 0.9467  Thurs low
S3: 0.9449/56 * 25/6 Sep lows
S4: 0.9420  break area
S5: 0.9400  intraday level

Saturday, October 11, 2014

Option Strategy Risk/Return

Written by Brian Johnson, a professional investment manager with many years of trading and teaching experience, Option Strategy Risk/Return Ratios introduces a revolutionary new framework for evaluating, comparing, adjusting, and optimizing option income strategies. Drawing on his extensive background in option-pricing and on decades of experience in investment management and trading, Brian Johnson developed these tools specifically to manage option income strategies. Unlike crude rules-of-thumb, these revolutionary new tools can be applied to any option income strategy, on any underlying security, in any market environment. Risk and return are timeless concepts in finance and trading, but this is the first time both concepts have been integrated successfully into a consistent approach for managing option income strategies. Option Strategy Risk/Return Ratios is written in a clear, easy-to-understand
Learn to trade options

Friday, October 10, 2014

Canadian dollar is slightly higher Friday

Canadian dollar is slightly higher Friday after rallying sharply in response to unexpectedly robust jobs data for September.
The rally took the Canadian currency off its session low, but a subsequent retracement of some of its gains left it only slightly higher than Thursday's close.
The U.S. dollar was last at C$1.1184, from C$1.1185 at Thursday's close, according to data provider CQG.
The U.S. unit had climbed to C$1.1208 just before the data's release and tumbled to a session low at C$1.1159 afterwards before recovering somewhat.
Statistics Canada reported the economy created 74,100 net new jobs--the most since May 2013--and the jobless rate fell by 0.2 percentage points to 6.8%.
The gains were predominantly in full-time work, where 69,300 positions were filled, the most since March 2012. The number of part-time jobs rose 4,800.
Market expectations had been for a 20,000 job gain, and a steady jobless rate of 7.0%, according to a report from Royal Bank of Canada.
The private sector added 123,600 jobs in September, wiping out a record decline in the prior month, StatsCan reported.
While the data were strong enough to provoke an immediate strengthening in the Canadian dollar, the volatility in Canada's labor force has resulted in caution among economists, who warn against attaching too much significance to monthly fluctuations in the report.

Thursday, October 9, 2014

USD/CHF Daily

USD/CHF  Daily
13::45 GMT -Recovery is underway after the mkt. bottomed out near  0.9470. Close res. is now at the day high at 0.9532 closely followed  by 0.9550/55. Below 0.9470 next target sup. is at 0.9449/56.N.I.
R5: 0.9635  intraday level
R4: 0.9624 * Tues high
R3: 0.9600  Wed high
R2: 0.9550/55  recent lows
R1: 0.9532  today high
S1: 0.9470  today low
S2: 0.9449/56 * 25/6 Sep lows
S3: 0.9420  break area
S4: 0.9400  intraday level

Britain’s economy slowed in the third quarter

Britain’s economy slowed in the third quarter of this year, according to a survey by the British Chambers of Commerce (BCC), which could raise concerns for the U.K.’s future economic growth rate.
The business lobby group’s Quarterly Economic Survey, contributed to by nearly 8,000 businesses, showed that manufacturing and export balances had fallen in the third quarter.
“The strong upsurge in U.K. manufacturing at the start of the year appears to have run its course.” John Longworth, Director General of the BCC said in a statement. “We may be hearing the first alarm bell for the U.K. economy, but this not need be the case.”

Wednesday, October 8, 2014

Canadian dollar is steady on Wednesday

The Canadian dollar is steady on Wednesday. Early in the North American session, USD/CAD is trading in the high-1.11 range. On the release front, Canadian Housing Starts rose slightly to 197 thousand. Over in the US, todays highlight is the minutes of the FOMC most recent policy meeting. Traders should treat this event as a market-mover.
Canadian Housing Starts continued to post solid numbers in September. The indicator rose to 197 thousand, up from 192 thousand a month earlier. This was within markets expectations, as the estimate stood at 195 thousand. Earlier in the week, Building Permits took a plunge. This key release often displays strong volatility, and this was indeed the case in the August reading, as the key indicator came in at -27.3%. This follows three months of strong gains. There was much better news on Monday, as Ivey PMI improved to 58.6 points, up sharply from 50.9 points a month earlier. The strong reading easily beat the estimate of 53.4, as the index hit its highest level in 11 months.

Gold continues to move higher

Gold continues to move higher on Friday, as the spot price is at $1217.71 per ounce in the European session. The metal has taken advantage of the US dollar losing ground this week and has recovered all of Friday’s sharp losses. In the US, today’s highlight is the minutes of the FOMC’s most recent policy meeting. Traders should treat this event as a market-mover.

Tuesday, October 7, 2014

Gold’s drop to 15-month lows

Gold’s drop to 15-month lows may be timely for Asian buyers, but even an army of discount-hungry Indian matriarchs won’t be enough to arrest the precious metal’s slide in the fourth quarter amid the onslaught of the resurgent dollar, a CNBC survey of strategists and traders showed.
Almost two-thirds of respondents said gold has scope to fall further in the final quarter pressured by a surging U.S. dollar, while 35 percent believe the selling is overdone and prices will recover towards year-end as Asian physical demand returns.
“The death of the Asian gold market is greatly exaggerated,” Mark O’Byrne, Founder and Executive Director of Dublin-based bullion dealer GoldCore, told CNBC in emailed comments. “Asian buyers have already begun coming back to the market and the latest data shows demand in India has picked up markedly and Chinese demand remains robust.”

Monday, October 6, 2014

Australian dollar has posted gains on Monday, as AUD/USD

The Australian dollar has posted gains on Monday, as AUD/USD is trading in the low-0.87 range. The Aussie posted sharp losses on Friday, losing over 100 points and dipping into 0.86 territory. On the release front, ANZ Job Advertisements, an important employment indicator, posted a solid gain of 0.9% last month. MI Inflation Gauge continues to post weak numbers, posting a gain of 0.1%. AIG Construction Index will be released later in the day. There are no US releases on Monday.
Early on Tuesday, the RBA will be in the spotlight. The Cash Rate is expected to remain at 2.50%, where it has been pegged since July 2013. The RBA has often stated that the Aussie is overvalued and weighing on a recovery, but the currency has lost some 500 points since the last RBA statement in September.

Trade stocks on line

Technology has outdone itself these days when it comes to trading stocks online. May it be in simple means of communicating or in much more complicated trades or money making transactions, the use of the computer has become very apparent in most traders lives. In stock trading, the rise of the market transactions online has become quite easy over many years now. Many institutional investors prefer to use sophisticated computer technology to assist them in making investment decisions. And many people argue that computers may just be better at picking stocks than traditional human brokers. Normally this is true but the brokers can trade much higher volume the average trader. Although computers may perform a lot of sophisticated utilities especially at the exchanges, you may wonder whether or not these can really be better aids for trading as compared to traditional brokers. At the end of the day, remember that what technology has to offer are mere recommendations and ultimately, the decision is still up to you.

Friday, October 3, 2014

Gold,,GBP/USD

Gold has posted slight losses on Friday, as the spot price stands at $1207.10 per ounce late in the European session. On Thursday, the ECB left interest rates unchanged but said that it would begin purchasing asset-based securities (ABS) in the fourth quarter of 2014. Over in the US, todays highlight is the Nonfarm Payrolls, which should be considered a market-mover. As well, the US will release the unemployment rate, Trade Balance and the ISM Non-Manufacturing PMI. Recent sharp gains by the US dollar are weighing on gold prices, as a stronger dollar diminishes the metal’s appeal as an alternative asset to the dollar. The dollar enjoyed a spectacular September, as gold prices have tumbled over 6% during this period. With the Fed scheduled to wind up QE and attention shifting to the timing of an interest rate hike, gold could continue to move lower.
It has been a week to forget for the pound, as GBP/USD has shed over 200 points. Early in the European session, the pair is trading at the 1.60 line, its lowest level in three weeks. On the release front, UK Services PMI dropped to 58.7 points. In the US, Nonfarm Employment Change and the unemployment rate sparkled and the pound has dropped sharply in response.
British Services PMI softened in September. The index dropped to 58.7 points, down from 60.5 points a month earlier. The estimate stood at 59.1. Earlier in the week, Construction PMI improved to 64.2 points last month, beating the estimate of 63.7 points. This marked a fourth straight increase and the indicators highest level in 8 months. However, Manufacturing PMI disappointed at 51.6 points, its lowest level in 16 months.

Thursday, October 2, 2014

USD/CHF Daily

 USD/CHF  Daily
13::10 GMT - Earlier uptick was capped ahead of the 0.9596 high and prices have dropped back. Sup. is at the day low at 0.9523 closely  followed by 0.9513 and 0.9487. Res. is at 0.9580. More ranging action likely near term.N.I.

Wednesday, October 1, 2014

USD/CAD

 USD/CAD hovered in a tight 1.1200-1.1220 range overnight before slipping modestly in North American trading. Pair last at 1.1195 vs 1.1196 late Tuesday. Many market watchers expect the Canadian dollar to continue its retreat in the face of the broadly strengthening greenback, but BMO says it's actually trading moderately higher than where its key drivers, including the two-year and five-year swap rate differentials, predict it should. "General USD demand and interest rate differentials have basically worked in tandem to push USD/CAD higher since Monday," BMO says. Firm is of the view that the loonie is somewhat undervalued, but sees USD/CAD likely staying above strong support between 1.1200 and 1.1150.

Tuesday, September 30, 2014

Gold remains under pressure

Gold remains under pressure on Tuesday, as the metal continues to lose ground to the strong US dollar. In the European session, the spot price stands at $1207.40 per ounce. On the release front, todays key event is CB Consumer Confidence, with the markets expecting another strong reading above the 90-point level.The sharp gains by the US dollar is weighing on gold prices, as a stronger dollar diminishes the metal’s appeal as an alternative asset to the dollar. The dollar has enjoyed a spectacular September, and gold prices have tumbled over 6% during this period. We could see gold dip below $1200, which last occurred in December.

USD/CAD

Consolidation was the name of the game on CAD today, USD/CAD effectively contained in the 1.1250-1.1290 range, while EUR/CAD held above 1.4265. Canadian payrolls release due out tomorrow has been volatile lately, not surprising considering it's a household survey, similar to the very volatile US household employment survey. A large deviation from the expectation may send the market bouncing around but this will change little from the BoC's standpoint as the bank is all but certain to keep rates unchanged on Oct 17. The US employment report and USD sentiment will probably dominate tomorrow. We are still not fully convinced by the latest breakout and would like to see a decisive break of 1.1346 before declaring an end to the current 2-month range

Monday, September 29, 2014

EUR/USD Daily

 EUR/USD   Daily
14::10 GMT - Recovery has been capped in the 1.2700/20 res. band and  prices have settled back. 1.2685/90 should be sup. now and this should hold if the recovery is going to extend. If it fails, a retest of 1.2661 should follow.N.I.

Friday, September 26, 2014

Diverging monetary policies have fueled the U.S. dollars strength

Diverging monetary policies have fueled the U.S. dollars strength this summer, more so against the EUR than any of the other Group of Seven (G-7) currencies. On Thursday, the pressure applied to the single unit managed to push it to its weakest outright level (€1.2697) in almost two years. To date, the greenback has ridden the wave of quantitative easing (QE) tapering and the prospect of a mid-2015 rate hike, and because of that, the market has been able to ride the telegraphed last five-cent EUR freefall with very little obstruction.
Gold headed for the first weekly advance this month as a retreat in global equities and tensions in the Middle East boosted demand for a protection of wealth, countering expectations for higher U.S. borrowing costs.
Bullion for immediate delivery rose 0.4 percent to $1,226.90 an ounce at 9:46 a.m. in Singapore, extending yesterdays 0.4 percent advance, according to Bloomberg generic pricing. The metal is 0.9 percent higher this week, rebounding from a drop on Sept. 22 to $1,208.40, the lowest since Jan. 2.
Gold remains on course for the first quarterly loss this year as the Bloomberg Dollar Spot Index climbed to a four-year high. A report today may show the U.S. economy grew more than previously estimated after data yesterday showed jobless claims rose less than forecast. Saudi Arabia, Jordan, Bahrain, Qatar and the United Arab Emirates joined the first wave of U.S.-led airstrikes against Islamic State militants in Syria this week.

Thursday, September 25, 2014

US dollar strength

Diverging monetary policies have fueled US dollar strength this summer, but Chapdelaine Foreign Exchange's Doug Borthwick thinks a pullback is coming. The greenback has ridden the wave of QE tapering and prospect of a mid-2015 rate hike. But further strength will need to be derived from how the Fed manages its balance sheet, and here, Borthwick thinks any wind down will be a drawn out process. Meanwhile, any ECB effort to boost its balance sheet is limited within its ABS-buying program. "This may be the point where the market digests recent comments and pulls back the excitement as recent rhetoric shows the foundation to the trade is not exactly built on stone."

Wednesday, September 24, 2014

EUR/USD Daily

 EUR/USD   Daily
13::40 GMT - Mkt. has broken to a new low and we should see a run down to the 1.2745/55 area next. Initial res. is at recent lows at   1.2810/20.N.I.

USD/CAD has taken a breathe

After strong gains this week, USD/CAD has taken a breather on Wednesday, as the pair trades in the mid-1.10 range in the European session.  The Canadian dollar has sagged, losing over 100 points since Monday. On the release front, today highlight is US New Home Sales. The markets are expecting the indicator to improve in the upcoming release. There are no Canadian releases on Wednesday.
It was a poor start for Canadian numbers this week as retail numbers were dismal in August. Core Retail Sales slipped by 0.6%, the indicator’s first decline since January. The estimate stood at -0.1%. Retail Sales also softened, posting a decline of -0.1%. The markets had anticipated a gain of 0.4%. The weak figures point to decreasing spending by Canadian consumers, which does not bode well for the Canadian economy, as consumer spending is a critical engine for economic growth.

Tuesday, September 23, 2014

U.S. dollar weakened

The U.S. dollar weakened against its major counterparts on Tuesday, as U.S. treasury yields fell amid bargain hunting, as well as on expectations that the U.S. Federal Reserve would not raise rates quickly given the recent weak economic data.
The 10-year Treasury yield fell 0.76 percent to 2.547 percent, while yields on 30-year Treasuries were at 3.271 percent, a 0.54 percent decrease. The yield falls when bond prices rise.
Data from the National Association of Realtors showed that U.S. existing home sales fell unexpectedly by 1.8 percent in August, halting four months of gains. According to a report from Chicago Federal Reserve, manufacturing activity in the U.S. weakened in August, with the national activity index based on a survey declining to -0.21 in the month from a positive reading of 0.26 in the previous month.

Japanese yen

The Japanese yen is stable on Tuesday, as USD/JPY trades in the mid-108 range late in the European session. Trade is light as the Japanese markets are closed for a national holiday. In the US, today’s highlight is the Richmond Manufacturing Index. The indicator is expected to post another strong reading.
USD/JPY enjoyed another strong week, buoyed by dollar gains after the Federal Reserve statement on Wednesday. The Fed statement reaffirmed that interest rates would remain ultra-low for a “considerable time” after the asset purchase scheme (QE) ends next month, but surprised the markets in hinting that once a rate hike was introduced, rate levels could move up more quickly than expected. As expected, the Fed trimmed QE by $10 billion/month, and the remaining $15 billion/month is scheduled to be phased out in October.

Monday, September 22, 2014

USD/JPY,,AUD/USD

The Japanese yen continues to struggle, as USD/JPY lost about 170 points last week. The pair is trading just above the 109 line in Monday’s European session, as the yen trades at its lowest level in over six years. On the release front, the only US data on the schedule is Existing Home Sales. There are no Japanese releases on Monday.
US Unemployment Claims has looked sluggish over the past two readings, but that changed on Thursday, as the key indicator sparkled, dropping to 280 thousand, down sharply from 315 thousand in the previous reading. The estimate stood at 312 thousand. Building Permits was not as strong, dipping to 1.00M. This was shy of the estimate of 1.04M.
The Australian dollar continues to head south on Monday, as AUD/USD trades in the high-0.88 range late in the European session. The Aussie has been in free fall in September, giving up about 450 points. Taking a look at Monday’s events, the US will release Existing Home Sales later in the day. There are no Australian releases on Monday.
US Unemployment Claims has looked sluggish over the past two readings, but that changed on Thursday, as the key indicator sparkled, dropping to 280 thousand, down sharply from 315 thousand in the previous reading. The estimate stood at 312 thousand. Building Permits was not as strong, dipping to 1.00M. This was shy of the estimate of 1.04M. There was disappointing news from the manufacturing front, as the Philly Fed Manufacturing Index slipped to 22.5 points, down from 28.0 a month earlier. The estimate stood at 22.8 points.

Sunday, September 21, 2014

Bullish Stocks

Good traders know that there are steps that they need to prepare for trading and buying stocks that are bullish from reports and news. They are not difficult or take much time once you make it part of your trading play book. The first step is to identify the overall trend of the broad market. Many use the S&P 500 but if you are trading in other countries you can use the Nifty, the Straits Times Index, the Nikkei, the FTSE or any market index. You need to then know the probable direction for the trading day. Use your technical analysis charts to judge the strength of the trend and even see what related markets are doing.
Once you have finished that research, then you need to find the stocks that look good in the move of the market for the day. There are many  stock screeners that allow you to search for these and most brokers have them. You need to filter for stocks with good average volume to avoid being stuck in a trade or tricked by a specialist or market maker. You also want to filter for stocks with good volatility but not so much that you are at great risk. Many use average true range to find them.
Bullish Stocks

Friday, September 19, 2014

US dollar gained ground

The US dollar gained ground against gold on Wednesday following the Federal Reserve statement. The Fed statement reaffirmed that interest rates would remain ultra-low for a “considerable time” after the asset purchase scheme (QE) ends next month, but surprised the markets in hinting that once a rate hike was introduced, rate levels could move up more quickly than expected. As expected, the Fed trimmed QE by $10 billion/month, and the remaining $15 billion/month is scheduled to be phased out in October.
US inflation data was worse than expected on Wednesday. CPI, the primary gauge of consumer inflation, came in at -0.2%, its first drop since October. The estimate stood at +0.1%. Core CPI followed suit with a flat reading of 0.0%. This was the first time the index failed to post a gain since October 2010. The weak numbers follow disappointing manufacturing inflation data. PPI, a key event, dipped to just 0.0%, a 3-month low. The estimate stood at 0.1%. Core PPI slipped to 0.1%, down from 0.2% a month earlier. This matched the forecast. Low inflation continues to be a concern and could delay an interest rate hike in 2015.

Thursday, September 18, 2014

Gold prices continue to fall

Gold prices continue to fall, as the spot price stands at $1219.60 per ounce on Thursday. XAU/USD is at its lowest levels since late December of 2013. On the release front, there are three key events on the calendar Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index. As well, Federal Reserve Chair Janet Yellen will deliver remarks at an event in Washington.
The US dollar gained close to 100 points on Wednesday following the Federal Reserve statement. The Fed statement reaffirmed that interest rates would remain ultra-low for a “considerable time” after the asset purchase scheme (QE) ends next month, but surprised the markets in hinting that once a rate hike was introduced, rate levels could move up more quickly than expected. As expected, the Fed trimmed QE by $10 billion/month, and the remaining $15 billion/month is scheduled to be phased out in October.

Wednesday, September 17, 2014

Texas Oil

West Texas Intermediate crude fell from a two-week high after an industry group was said to report an increase in U.S. inventories.
WTI slid for the first time in three days. The American Petroleum Institute reported yesterday that supplies rose 3.3 million barrels last week, according to Bain Energy. The Energy Information Administration will release its inventory data today. Brent climbed as Libya halted its biggest oil field.The build in the API report was quite big, said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. If we get a confirmation from the EIA, I wont be surprised if WTI starts to give up more of yesterdays gains. Brent is focusing on reports that Libya has reduced production.WTI for October delivery slid 17 cents to $94.71 a barrel at 9:03 a.m. on the New York Mercantile Exchange. The volume of all futures traded was about 6.8 percent above the 100-day average for the time of day.
Brent for November settlement advanced 22 cents to $99.27 a barrel on the ICE Futures Europe exchange. Volume was 3 percent above the 100-day average. The European benchmark crude was at a premium of $5.61 to WTI on ICE for the same month. It closed at $5.24 yesterday.

Tuesday, September 16, 2014

MT4 Chart Application

Trader on Chart won't make you money on it's own, so don't be confused, but if you are opening trades manually and use Metatrader 4 platform the Trader On Chart will be like a gulp of fresh air for you.
Imagine you want to open a buy trade, risk 5% of available funds, have a stop loss of sixty five pips and a take profit of ninety five pips? All you have to do is fill in those numbers and just click the green button. Or maybe you want to risk a specific amount of money and set the stop loss at the last closed price bar's lowest price? The app can do this too.
You know it's hard to survive a night in the woods without the matches. Sure you can rub two wooden sticks to start a fire, but if you have matches it takes only few seconds. This is why it is important to have trading tools and use them every day as much as you can. Stop doing the work that apps can do for you and use that energy for currency analysis or other important jobs which will take you another step closer to your big goal, your big dream, your purpose in life.
Trader on Chart app for MT4!

The Australian dollar,,Japanese yen

The Australian dollar briefly dipped below the 90 level on Tuesday, as AUD/USD dropped to its lowest level since March. Late in the European session, the pair is trading in the mid-0.90 range. On the release front, the RBA minutes stated that interest rates would remain at current levels and that the Australian dollar was overvalued. In the US, inflation numbers remain soft, as PPI came in at 0.0% last month.
The RBA minutes contained no surprises, as the minutes focused on interest rate levels and the value of the Australian dollar. The RBA said that rate levels would remain unchanged and took a swipe at the Aussie, noting that the exchange rate remains “above most estimates of its fundamental value.” There was further pressure on the currency as RBA Assistant Governor Christopher Kent said on Tuesday that a decline in the Australian dollar would increase demand for local producers. Perhaps the RBA policymakers are in a better mood this week, following the Aussie’s losses of over 300 points against the US dollar.

The Japanese yen remains practically unchanged this week, as USD/JPY trades just above the 107 line. On the release front, US inflation numbers remain soft, as PPI came in at 0.0% last month. In Japan, BoJ Governor Haruhiko Kuroda spoke at a press conference in Osaka.
US inflation indicators remain soft, as underscored by weak manufacturing inflation numbers in August. PPI, a key event, dipped to just 0.0%, a 3-month low. The estimate stood at 0.1%. Core PPI slipped to 0.1%, down from 0.2% a month earlier. This matched the forecast. We’ll get a look at consumer inflation numbers on Wednesday, with the release of Core CPI and CPI.

Monday, September 15, 2014

Gold prices are steady

Gold prices are steady on Monday, as the spot price stands at $1233.77 per ounce in the European session. The metal had an awful week, shedding about 3% against the surging US dollar. In economic news, there are no major US releases on Monday. The week started out on a positive note, as Empire State Manufacturing Index jumped to 27.5 points, well above expectations.
US numbers wrapped up last week on a high note. Core Retail Sales improved to 0.3%, edging above the estimate of 0.2%. Retail Sales posted a nice gain of 0.6%, well above the estimate of 0.3%. There was excellent news from the UoM Consumer Sentiment, which bounced back from a weak reading in July and improved to 84.6 points, its best showing since November 2012. The forecast stood at 83.2 points. These indicators point to an increase in consumer confidence and spending, which underscore a deepening economic recovery.

Trends in Forex and Stock Trading

Traders are using two simple moving averages on the chart of the S&P 500 Index. This helps to determine the trend even though it is delayed.
The main thing to remember is that this is not a timing technique. It is only to help traders see how strong or weak the current trend is and when an trader may want to move their money into safety or be more aggressive and add to their positions.  Moving averages are a trend following technical analysis tool.  They are created by averaging past closing prices. Thus we are using past prices, we are seeing what the trend was, not necessarily will be however it is a good indicator if the trend will continue.
To use this particular trading technique, lets look at a weekly chart of the S&P 500 Index.  It has both a forty week simple moving average (SMA) and an eighty week SMA on the chart.  If the market is bullish, price should be above the 40 SMA.  The 40 week SMA should also be higher than the 80 week SMA.  A bear market is signaled when the 40 week SMA finally crosses below the 80 week SMA.  When this happens, the forex or stock markets usually move down quickly and for an extended period of time.  A trader should look to trade those securities that thrive in bearish markets when this crossover occurs.  They can sell futures, buy puts, or even invest in inverse ETF’s.You should also keep in mind that this technical analysis technique is not a perfect science.  Nothing is perfect when trading but this can help you make winning trades.
Trends in Forex and Stock Trading