Monthly Archives: October 2015

Today’s Trading Edge: EUR/USD downside risks grows as ECB action expected

Yesterday, the euro’s three-week rally fell six pips shy of the critical resistance 1.15 handle. Weakness may continue now as expectations grow for European policymakers to add further stimulus. The recent euro rally may be hurting economic growth and the

Posted in Posts

Today’s Trading Edge: AUD/USD bullish stance remains strong despite big jobs miss

The Australian dollar initially fell 43 pips to .7296 after the Australian Bureau of Statistics released an unexpected weak jobs report. The slide however was short-lived and the currency pair rallied to fresh session highs. Employment weakened 5,100 from August,

Posted in Posts

Today’s Trading Edge: Gold rallies to a 3-month highon tame inflation

Late in NY, Gold prices rallied $22.30 to $1,187.70, taking price to a three-month high. The rally was triggered after tame inflation in the U.S. supported the growing belief that the Federal Reserve is going to have a hard time

Posted in Posts

Forex Alert! Loonie Poised To Benefit From Commodity Gains

The Canadian dollar has weakened significantly over the past year as the oil price shock surprised both many investors and central bankers.  The Bank of Canada has already lowered rates twice this year and many anticipate them to remain on

Posted in Posts

Today’s Trading Edge: Euro attempts to extend rebound after Britain signals deflation

The British pound weakened significantly against its major trading partners after Britain’s inflation rate surprisingly turned back into negative territory in September. The Office for National Statistics announced CPI plummeted to -0.1, a record level low that was last seen

Posted in Posts

Today’s Trading Edge: US Oil respects Butterfly pattern and 200-day SMA

Early in NY, oil prices continued to fall during thin conditions on the Columbus holiday. After trading sideways for a month between the $44 and $50 range, price broke out higher and formed a bearish Butterfly pattern. Price is also

Posted in Posts

Today’s Trading Edge: AUD/USD recovery continues

The Australian dollar has benefited from both a commodity rally and delayed expectations for the Federal Reserve to raise rates. Another positive catalyst for the currency is that the Chinese stock market is improving. However, if growth returns to a

Posted in Posts

Today’s Trading Edge: Dollar Index tentatively respects major support after Fed Minutes

The U.S. dollar initially weakened following the release of the minutes for the September Federal Reserve meeting. The decision to keep rates on hold was due to global economic and financial market concerns, the China slowdown and low inflation. The

Posted in Posts

Today’s Trading Edge: EUR/USD continues torally above three key SMAs

Last Friday’s Non-Farm Payroll report was a game changer for longer-term short euro positions. What was a terrible miss now has many market investors puzzled as to what is the direction of the Federal Reserve. Many believe that an October

Posted in Posts

Today’s Trading Edge: Silver rallies above 200-day SMA

Weaker economic activity in the U.S. and growing expectations for the Federal Reserve to delay tightening has provided silver prices with a significant bullish move above the 200-day SMA. The current rally began off the August low of 13.91 and

Posted in Posts