Archive for ‘January, 2012’

Australian Dollar Cross Pick 01.31.2012

Australian Dollar Cross Pick 01.31.2012

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Australian Dollar Cross Pick 01.31.2012

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Euro/Swiss Franc Positions at Record; Traders Bet on SNB Intervention

Euro/Swiss Franc Positions at Record; Traders Bet on SNB Intervention

Retail traders have literally never been more net-long the Euro against the Swiss Franc, underlining that most are aggressively speculating on Swiss National Bank intervention as the EURCHF approaches SFr 1.20.

Risk Appetite Reverses in Early US Trade- Euro Heavy as USD Advances

Risk Appetite Reverses in Early US Trade- Euro Heavy as USD Advances

Weaker than expected US economic data prompted a reversal to the overnight rally in risk with the greenback going back on offense in early US trade. Here are the key levels to watch on the EURUSD and the NZDUSD.

U.S. Dollar Index Finds Key Support, 50.0% Fib In Sight

U.S. Dollar Index Finds Key Support, 50.0% Fib In Sight

The greenback came under pressure on Tuesday, with the Dow Jones-FXCM U.S.

Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices

Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices

The short-term correlations between the Australian Dollar/US Dollar exchange rate against gold and silver prices trade near record strength. Long positions in the Australian Dollar against the US Dollar (ticker: USDOLLAR ) likewise offer the advantage of interest rate payments.

A Beginners Guide to Forex Trading and the US Dollar

A Beginners Guide to Forex Trading and the US Dollar

SADDLE RIVER, New Jersey, January 31, 2012 /PRNewswire/ –Forex or FX for short, foreign exchange trading is one of the most widely traded markets in the world while all the major currencies trade against …

Guest Commentary: Gold & Silver Outlook for February 2012

Guest Commentary: Gold & Silver Outlook for February 2012

During January, gold demonstrated its strongest performance in a single month since August 2011; for silver it was since July 2011.

Guest Commentary: MarketVisionTV – USDCHF – Will SNB Inspire an Interim Low?

Guest Commentary: MarketVisionTV – USDCHF – Will SNB Inspire an Interim Low?

The perspective from the daily analysis remains the same in that we continue to look for an end to the first leg of the major correction in the 90.50 to 91.50 area. So the drop to trend line support at 91.15 could be it. However the Elliott Wave count scenario suggests there is still one new low to come.

Canada’s Economy Contracted in November; USD/CAD Gain to be Short-lived

Canada’s Economy Contracted in November; USD/CAD Gain to be Short-lived

Canadian economy unexpectedly shrank for the first time in six months in November, led by considerable decline in energy extraction.

New Zealand Dollar Reaches Fibonacci Confluence

New Zealand Dollar Reaches Fibonacci Confluence

January can’t end soon enough for USD bulls. The NZDUSD is on track for its best month since May 2009 and 7th best since 2000