Yearly Archives: 2013

Today’s Trading Edge: Gold’s Worst Annual Loss May Queue A Deeper Correction

The precious metal’s annual winning streak was finally snapped with its worst annual loss in over 30 years. The only thing that will save gold will be central bank buying and we may need to see further weakness towards the

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Today’s Trading Edge: GBP/USD – Gains on Track to Continue after Pullback

This past summer, GBP/USD declined to 1.4812 on July 9th, 2013, a possible overreaction to the each miss on any high-impact reading out of London.  The delay in exiting the double-dip recession and a dovish central bank helped keep the

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Today’s Trading Edge: NZD/USD – Stabilizes Even Though US 10-Year Yields Surge to 3.0%

On December 10th, I identified a potential Bearish Gartley pattern that was respected and kept the bearish channel intact.  The initial price objective was reached and further commodity currency pressure has so far supported a move lower. With thin markets

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Today’s Trading Edge: USD/JPY – 106 in Sight!

With liquidity very thin for the rest of the week, I will take a quick look at our medium-term outlook for USD/JPY.  In my previous posts, I highlighted that this may be the cleanest trade for the next year because

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Today’s Trading Edge: EUR/GBP – May Break Down Towards Price Barrier

EUR/GBP refused to surge above the 50-day Simple Moving Average at the end of last week, even though the U.K. budget deficit widened and consumer confidence surprisingly fell.  Optimism for the British economy is starting to wane, but the technicals

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Today’s Trading Edge: EUR/USD – Despite Taper, Modest Moves May Continue as Thin Markets Approach

EUR/USD has further tightened the narrowing consolidation that has been in place after the initial knee jerk reaction to the December 18th Fed tapering decision.  End of the year portfolio flows and investing in Europe has so far prevented the

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Today’s Trading Edge: USDCAD – Rally Stalls after 3 ½ Year High

  Even though the Canadian economy will benefit from a strong economic recovery from the United States, this week’s reduction in Fed bond-buying will hurt capital flows to Canada and has triggered the next major move in Canadian dollar weakness.

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Today’s Trading Edge: EURUSD – Forms Double-Top and Respects Merkel’s Range

Acceptable trading ranges often times provide a backdrop for some investors on when to time a key reversal.  For the euro, German Chancellor Angela Merkel identified in February that the normal trading range is between 1.3000 and 1.4000.  Price is

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Today’s Trading Edge: Pound Playbook for Today’s FOMC Decision

JP Morgan believes that the Federal Reserve will reign in its bond buying program in January, while Goldman Sachs forecasts the move to occur in March.  In the minority, we have Deutsche Bank calling for the taper to begin today. 

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Today’s Trading Edge: Gold’s Next Major Leg Down

The Fed begins its two day meeting today and tomorrow is Bernanke’s final press conference. We may see queues if the Fed will move in January and the markets will look to see if they will taper more rapidly.  The

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