Yearly Archives: 2014

Today’s Trading Edge: AUD/USD – appears ready for another breakdown

The Australian dollar continued fall to the lowest levels since June 2010 against the U.S. currency as commodity prices for metals remain under pressure.  The Aussie dollar is currently declining for a fifth consecutive week and is tentatively finding some

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Today’s Trading Edge: USD/CHF – Pressure Intensifying on SNB as Franc rallies

The Swiss National Bank is acknowledging the importance of maintaining the peg to the euro, otherwise it may have to resort to the undesirable tightening of monetary policy of either negative interest rates or its own quantitative easing program.  The

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Today’s Trading Edge: EUR/AUD continues bullish breakout towards nine-month highs

The EUR/AUD daily chart shown above displays the bullish bias that began Thanksgiving week after price was unable to break below the 1.4200 handle.  After rallying above the 200-, 100-, and 50-day simple moving averages (SMAS) price continues to surge

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Today’s Trading Edge: To short euro, or to sell crude, that is the question

Traders are becoming heavily one sided with their bearish bets on both the euro and crude oil.  Both instruments have overwhelming fundamental pictures that support further downside for both. The euro is expected to accelerate its losses once the European

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Today’s Trading Edge: China H-Share – Chinese stocks collapse after loans rules change

China is suffering the worst stock market decline in five years and global rally appears to be losing momentum.  The Shanghai market fell 5.4% after regulators changed a rule that made it harder to apply low grade corporate bonds as

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Today’s Trading Edge: NZD/USD –Kiwi slumps after report shows Chinese imports decline

New Zealand dollar fell to a new 2 ½ year low after a report showed that both Chinese exports and imports for the month of November came in lower than expected.  While the overall difference provided a record high for

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Today’s Trading Edge: USD/CAD – Canadian Dollar Crumbles after economy lost jobs

The Canadian dollar weakened to a five-year low to the U.S. currency after both economies released employment reports for their respective labor markets.  Canada lost 10,700 jobs in November while the U.S. had a huge 321,000 advance in payrolls.  While

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Today’s Trading Edge: EUR/JPY – Tentatively forms a bearish butterfly pattern

After the ECB press conference, EUR/JPY spiked to a two-week high at 148.94 in early Thursday trading.  As expected volatility was extreme as HFT (high frequency trading) overly reacted to the beginning of the ECB statement.  The knee jerk reaction

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Today’s Trading Edge: EUR/USD- Breaks two-year low ahead of ECB Meeting

The euro weakened 0.6% to 1.2300, a two-year low that may soon become a four-year low at 1.20 if the ECB announces action tomorrow.  With economic data remaining weak in Europe and robust in the United States, many banks are

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Today’s Trading Edge: Dollar Index (DXC) – Pushes Higher to Key Fibonacci Level

Since the end of June, the U.S. dollar Index has been on a tear.  The greenback’s six month rally has taken price from the 50-monthly SMA, which is currently around the 80 area, all the way to 88.69, which is

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