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Sellers of Dollars on Rallies We have a lot of reports coming out this week with CPI and PPI likely to have the most impact, and of course we end the week with a BOJ meeting. So we expect report and news driven volatility to increase this week which should provide many large opportunities on…
O&F FOREX News & ViewsBy: Head Trader, Derek Frey November 10, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: Our Signal service generated 669 pips of profit to subscribers last month! Last week we saw the BOE surprise the world with a whopping 1.5% cut in interest rates.…
O&F FOREX News & ViewsBy: Head Trader, Derek Frey August 18, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: We continue to see higher than “normal” levels of volatility. The Dollar continues to find and hold support levels and maintain its rally. The underlying fundamentals, however, do not support this strength.…
This week we are looking at consolidating the gains made last week. The S&P 500 staged an impressive bounce off of support levels and needs to consolidate those gains if it is ultimately to follow through. We expect it will follow through even in the face of still relatively high crude oil prices. I mention…
General Comments: This week we have both a large amount of data coming out and a shortened week here in the States due to the 4th of July holiday on Friday. All eyes remain fixed on Crude Oil. The market very much expects Triche to raise rates later this week in an effort to slow…
Commodities remain the darling of the investment world. Let me briefly comment on something currently in the media. There is talk that speculators are responsible for the high price of Crude oil and other commodities. The people who make this argument clearly do not understand how markets work. Speculators are not responsible for the high…
This week we have a full report schedule. We have both PPI and CPI coming out mid week and we are in the midst of earnings season. We expect to see more pressure on the Dollar as it continues to try and put a base in. We continue to expect the Dollar to bottom here…
Commodities continue to chop around trying to hang on to these high prices. We continue to expect them to move a bit lower in the near term as they consolidate the recent gains. Overall we are very cautious at this time as we have lots of volatility and little directional bias in the short term. …
This week we have BOJ, BOE, and ECB all announcing their own interest rate decisions. We expect BOJ and ECB to do nothing while BOE cuts rates. We do expect Trichet to be less hawkish in his tone this time around and that should take the idea of the Euro moving above 1.60 off of…
Commodities are trying to resume the rally and it may work. We expect to see commodities chop around the current levels for the next week of so while we put in a solid base. We had been looking for a much deeper correction to come in commodities but it now appears that call was premature. …
The Dollar continues to stabilize and this week we have the all important NFP report on Friday. That number will set the tone for the Dollar for the month of April as we have the next FOMC meeting on the 30th of April. Overall we continue to expect the Dollar to keeping basing and slowly…
General Market Comments Last week we saw an extreme move in the Dollar breaking down below support and making both recent and all time lows against many currencies. We did not expect the extreme nature of this move and believe that at least ¼ of last weeks move is overdone in the near term. We…