Monthly Archives: February 2014

Today’s Trading Edge: Gold Attempts to Maintain Bullish Extension

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Today’s Trading Edge: EUR/JPY Retreats on Ukraine and Economic Worries

European stock markets were down as worries in the Ukraine grow as Russia began military movements.  With Russian fighter jets ready to take to action, investors exited any carry-trade positions and the yen rallied across the board.  EUR/JPY declined for

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Today’s Trading Edge: USD/JPY – Time for Price Action to Wake Up

There is nothing is happening with USD/JPY.  For the past few weeks, weaker than expected statistics in the U.S. continue to be shrugged off due to a crippling winter.  This small hiccup in the U.S. recovery however should not change

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Today’s Trading Edge: GBP/USD – Pound Attempts Recovery of Bullish Trend

UK January Mortgage Approvals had the highest reading since September 2007 and CBI realized sales soared to a 20-month high in February.  The positive headlines from London helped GBP/USD attempt to recover the steady pullback that took price down to

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Today’s Trading Edge: EUR/USD –Preparing for a Sharp Pullback

The euro remains trapped in a quiet trading over the past 10-days and appears finally ready to breakout of this tiresome range as concerns grow that falling prices for European goods will give the European Central Bank (ECB) support to

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Today’s Trading Edge: USD/CAD – BOC on the Sidelines May Trigger Olympic Loonie Rally

Last month’s analysis on USD/CAD highlighted a potential bearish Gartley pattern that targeted a major pullback despite the strong bullish trend that has been in place since September 10th.  Today, two key releases about the Canadian economy helped spark a

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Today’s Trading Edge: AUD/USD – This ABCD Bounce Could Be a Selling Spot

Last night, the Australian dollar tumbled after poor manufacturing data from China.  Price action on AUD/USD tentatively found support after falling 66 pips to .8936.  The chart above displays a potential bullish ABCD pattern that confirmed point D with the

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Today’s Trading Edge: GBP/USD – UK Data Triggers Pound Selling

U.K. firms slow hiring and a surprise climb in the unemployment rate initially drove the pound 80 pips lower to 1.6636 before paring losses back to the 1.6720 area.  This release probably pushed back some forecasts on when the BOE

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Today’s Trading Edge: A Death Cross on Bitcoin May Signal a Slump to $450

After the Lehman collapse, the European debt crisis, gold’s 38% correction from its record high, political turmoil in emerging markets and the Middle East; global investors are looking for alternative investments, and some are considering bitcoin. Yesterday, World Wide Markets

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Today’s Trading Edge: Investors Fall Back in Love with Gold

The polar vortex is definitely hurting the economic recovery in North America and as concerns grow that the Federal Reserve may slow down the tapering of its asset purchases, investors have once again fallen in love with bullish bets on

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