Monthly Archives: January 2015

Today’s Trading Edge: EUR/CHF – Euro slide may continue on bearish ABCD pattern

Two weeks after the Swiss National Bank stunned markets by abandoning its attempt to defend the 1.20 peg and one week from when the ECB launched its QE program, it appears that price has normal volatility and liquidity.  The widespread

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Today’s Trading Edge: NZD/USD –Kiwi sinks to near 4-year low on dovish RBNZ statement

The New Zealand dollar fell to a near 4 year low after the RBNZ released its first monetary policy decision of the year.  The Bank said that the kiwi remains “unjustified in terms of current economic conditions” and that rates

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Today’s Trading Edge: USD/SGD: Currency wars continue as another surprise central bank decision happens

USD/SGD soared to the highest levels since 2010 after Singapore’s central bank stunned markets with an unexpected decision to ease.  The Monetary Authority of Singapore surprised markets making this decision a few months ahead of its next scheduled meeting.  Concerns

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Today’s Trading Edge: USD/JPY: downward pressure may gain momentum as 50-day SMA is respected

The USD/JPY daily chart above displays the recent attempt to recapture the 50-day SMA after climbing from a double-bottom chart pattern around the key 116.00 support level.  The currency pair’s record advance from the 77.00 region all the way to

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Today’s Trading Edge: #euro rallies after Syriza Party forms majority and Grexit concerns ease

The euro rallied against all of its major trading partners after the left leaning Syriza party achieved a majority in Greek Parliament.  Funding from the Troika (IMF, European Commission, and ECB) runs out on February 28th, so newly elected Prime

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Today’s Trading Edge: AUD/USD – Tumble continues and breaks below 80 handle

The US dollar is having a very strong week against the Australian dollar.  Five consecutive bearish daily candles and a breakdown of the key psychological .80 handle after tonight’s HSBC China Manufacturing report shows that the manufacturing slowdown is still

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Today’s Trading Edge: Could ECB QE mean 1.10 for the euro?

ECB President Mario Draghi is doing whatever it takes to stimulate the Eurozone economy.  Today’s historic QE decision is trying to combat deflation by purchasing 60 billion euro per month, beginning in March until September 2016.  This will continue to

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Today’s Trading Edge: USD/CAD – Skyrockets on BOC rate cut

Prior to the Bank of Canada bombshell, early in New York, the Canadian dollar was up a modest 0.2% to 1.0264.  Leading up to the BOC decision, Scotiabank reported that the market is pricing in only a 25% chance that

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Today’s Trading Edge: AUD/NZD – Rebound and Recovery Time

The New Zealand dollar had a modest decline against the Australian dollar early in New York after a report showed that dairy prices rose 1.0%.  Despite the small increase, the kiwi did not rally across most of its major trading

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Today’s Trading Edge: Oil pulls back towards key support

Oil prices began the trading week lower as investors returned to scaling into their bearish bets that a glut in global supplies will drive the commodity even lower.  Seven months of consecutive weakness saw US oil find tentative support at

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