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Statistics |
| Unique Visitors: 0 |
| Total Unique Visitors: 97142 |
| Visitors Out: 193 |
| Total Visitors Out: 1741 |
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| EUR/USD Comes Under Further Selling Pressure |
| 2009-08-11 04:17:00 |
EUR/USD keeps sending different signals from a technical and fundamental point of view. Fundamentally, a USD appreciation against the EUR seems inevitable.Growth perspectives, the sum of US Capital Flows and US Current Account deficit, yield differentials and trade weighted exchange rates are clearly USD positive against EUR.It is expected the Fed meeting today and tomorrow will provide some new and relevant information for the FX Market. The Fed is not likely to extend quantitative easing and to increase its purchases of treasuries, agency debt and MBS.It is much more probable the Fed will announce some programs to be further sized down. There should be no change of Fed Funds Rate.Fed Funds Target RateIn addition, it is repeatedly discussed the Fed could pay interest on deposits from bank...
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| No clear picture on EUR/USD |
| 2009-08-10 10:15:00 |
EUR/USD went down 120 Pips and closed at 1.4170 at the end of the New York Session last Friday. After key resistance levels at 1.4303 and 1.4337 had been broken on Monday, EUR/USD formed a weekly high at 1.4447 on Wednesday. On Thursday and Friday the uptrend was reversed and currently EUR/USD is trading at 1.4140.A significantly better than expected ISM Manufacturing Index with a reading at 48.9 provided upside momentum. The ISM Manufacturing, a so-called diffusion index, which means readings below 50 indicating a contraction of economic activity and readings above 50 standing for a robust expansion, is an excellent leading indicator.Although the overall index is smaller than 50, 7 of the 10 sub-indexes like production, new orders etc. are greater or equal to 50. An uptrend gets even more...
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| Long EUR/GBP... |
| 2009-08-07 11:52:00 |
...with Entry 0.8551, Stop 0.8447, and Target 0.8654 will be kept open until Monday, 1700 GMT. Have a great weekend!...
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| ECB too hawkish |
| 2009-08-07 04:02:00 |
The Bank of England has extended quantitative easing by 50 billion to £175 billion. In addition the BoE decided to go down with acceptable maturities to 3 years. The key interest rate remained unchanged at 0.5%.UK Official Bank RateThe press release says, the recession in the UK appears to have been deeper than previously thought.The BoE explains, it would be crucial for output and inflation how fiscal and monetary stimulus work their way through the system. On the other hand, repairing banks balance sheets must be closely monitored.Interestingly, the Bank of England called the devaluation of sterling a stimulus for the economy:"...there is a considerable stimulus still working through from the easing in monetary and fiscal policy and the past depreciation of sterling."GBP/USD slumped af...
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| Trading Method |
| 2009-05-31 10:09:00 |
(1) What is the Blog's Trading Method?A trend following approach on the Daily-Chart.(2) How is the Stop-Loss calculated?By the Average True range Indicator (ATR 14).ExampleFor USD/JPY the ATR (14) value on the Daily-Chart is 1,55. This corresponds to 155 Pips. An approximation of the ATR-value is deducted from the price at in an Uptrend or added in a Downtrend.The approximation is between a full ATR (=155 PIPs) and a half ATR (= 78 PIPs). This depends on technical supports and resistances and round numbers (USD/JPY 101,00, 101,50, 102,00 etc.). A Stop-Loss will never be placed at a round number.The Stop-Loss is placed at 99,43.(3) How is the target calculated?The Stop-Loss distance in Pips is at the same time the distance to the Target. The Risk-Reward ratio is always 1:1. Target prices ca...
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| Long AUD/CAD - Entry |
| 2009-04-07 12:12:00 |
Buy 0.8826Stop 0.8693Target 0.8948Long AUD/USD TradeClosed out at 6:00 PM (GMT) at 71.34+32 Pips71.34 should be 0.7134...etc....
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