Monthly Archives: October 2014

Today’s Trading Edge: USD/JPY: BOJ Continues to Crush yen

My post on Wednesday had two key points.  The first was that the end of QE by the FED does not guarantee a weak yen and that my end of year target remains 112.50.  A weaker yen will be supported

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Today’s Trading Edge: USD/CHF – The dollar should be bought on every dip

Yesterday, the U.S. dollar rallied after the FOMC statement was more hawkish than expected.  Today, the greenback initially spiked higher after a better than expected 3rd quarter GDP reading printed at an impressive climb of 3.5% q/q.  The news was

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Today’s Trading Edge: USD/JPY: The End of QE does not necessarily mean we will see a weak yen today.

When will be the first rate hike?  Will investors have to wait a considerable time and does the economy still have considerable slack?  In 2004, the Fed waited five months to hike rates after they removed the language “considerable time”. 

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Today’s Trading Edge: Gold Pops on poor US durable Goods number

Gold prices popped $7 to $1,235 after Durable Goods in September had an unexpected decline of 1.3% verse an expected 0.5% increase.  Demand for machinery and computers lead the decline.  It appears that businesses are becoming more concerned about future

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Today’s Trading Edge: EUR/GBP – Euro Falls on sixth consecutive declining German IFO Business Climate reading

The start of the trading week has two stories so far for the euro.  The first was the relatively positive Sunday release of the bank stress test results.  The key highlights from the review of 130 banks, including each banks

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Today’s Trading Edge: AUD/JPY – Adheres to Bullish Channel

AUD/JPY remains bullish after price has once again respected the lower boundary of a parallel uptrend channel that extends back to the August 2013 low.  Price respected the lower boundary early last week is currently poised to finish the week

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Today’s Trading Edge: EUR/USD- Germany doesn’t look that bad, euro rallies

EUR/USD sold off after the 3:00 am French Flash Manufacturing data release disappointed.  Business activity declined for a sixth consecutive month as manufacturing PMI printed at 47.3, much lower than the prior 48.8 reading and 1.3 points below the forecast. 

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Today’s Trading Edge: US Oil – Bearish Inventory Report Drives Oil back to Key Support

U.S. oil prices fell 1.07% to 81.61 early in NY as inventories surged higher than expected.  The Energy Information Administration inventory report showed the strong climb with stockpiles rising 7.11 million barrels in the week ending October 17th.  The expectation

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Today’s Trading Edge: AUD/USD – Finally poised to climb higher

The Australian dollar rallied after last night’s GDP report showed that economic growth in China climbed 7.3% in the third quarter.  The release highlighted an improvement in export demand and the service sector.  Industrial production also rose 8.0% in September. 

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Today’s Trading Edge: GBP/USD – Pound rally continues as UK home prices rise

After making a new 10-month low at 1.5873 last week, GBP/USD is in the middle of a four-day rally that is attempting to put a halt to the bearish trend that has been firmly in place since the middle of

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