Monthly Archives: January 2014

Today’s Trading Edge: USD/CHF – Swiss Franc Strength on Fear, Contagion, and Turmoil Headlines

  Since the May 22nd high of .9837, the Swiss franc has for the most part steadily rallied against the U.S dollar.  The recent widespread panic on emerging market turmoil has been driving investors to government bonds and perceived safe-haven

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Today’s Trading Edge: NZD/USD – Kiwi Drops on Weak Chinese Data and Ignores Hawkish RBNZ

The last day of the lunar year saw China’s Final Manufacturing reading for January fall to 49.5, its first contraction in six months.  China has spurred growth in some emerging markets and this contraction will not help some emerging market

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Today’s Trading Edge: Emerging Market Worries Drive Investors to Gold

The key story that is driving the financial markets is the concern investors have over several emerging markets.  With several equity indexes (especially the S&P 500) being overbought for well over a year, the markets are primed for a correction

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Today’s Trading Edge: GBP/USD –Slower Pace for U.K. Economy Should Hurt Sterling

Sterling opened trading in Japan around the 1.6560 level and slowly climbed higher overnight as expectations were optimistic for the economy to grow at its fastest rate in 6 years.  The preliminary reading for fourth quarter GDP data came in

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Today’s Trading Edge: USD/JPY – Three Drives to A Bottom

On January 13th, I highlighted that the bullish trend for USD/JPY was facing a big pullback and that price could see a decline towards 103.25 and 102.25.  The 240-minute chart shows that after respecting the 23.6% Fibonacci retracement level of

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Today’s Trading Edge: EUR/CHF – Risk-Off Drives Franc and Gold Strength, While EURCHF Becomes Oversold

After trading in a tight sideways range for the earlier part of the trading week, the global equities plummet that started yesterday continued this morning. Treasuries, gold and the Swiss franc (yen too) are rallying as momentum investors run to

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Today’s Trading Edge: EUR/USD – Did German & French PMI Data Save the Euro?

Early in London, EUR/USD rallied after two rounds of better Markit Economics data for the common currency. French Markit Manufacturing flash PMI improved to 48.8 from 47.0 and German Markit flash Manufacturing PMI jumped to 56.3, an improvement from the

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Today’s Trading Edge: GBP/USD – Solid Footing for the U.K. Economy Drives Pound Higher

Both the British pound and U.K. interest rates moved higher after a report showed that the jobless rate fell to the lowest level in five years.  The November/December labor reading helped the unemployment rate decline to 7.1%, a strong improvement

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Today’s Trading Edge: USDCAD – Can’t Stop Making New Highs

Traders can’t stop shorting the loonie as the U.S. economy improves while Canadian statistics continue to weaken.  With a more accommodative Bank of Canada, the loonie may weaken towards the 1.1200 area now that the 1.10 barrier was taken out

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Today’s Trading Edge: EUR/GBP – Bearish Channel Firmly Intact

Since the end of last summer, the bearish trend has been firmly in place for EUR/GBP.  With Europe’s recovery remaining unbalanced, any hint of a stronger U.K. economy will continue to help propel British pound strength against the euro.  Today’s

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