COMMENTARY

• How Could Chinese Tightening Affect the Forex Markets?
  Written by Kathy Lien
  Last updated 2/15/2010 4:01:32 AM ET
  It is the Year of the Tiger and to celebrate, Chinese markets are closed for the entire week. Here in the U.S., markets are also closed in observation of Presidents Day. As a result, it is expected to be an exceedingly quite trading day, which gives us the opportunity to contemplate the recent actions by the Chinese government. Unlike the U.S. and other economies in Europe for example, growth in China has been piping hot.
  0 comments
• AUD/JPY Near Short Opportunity at 80.11
  Written by Bradley Gareiss
  Last updated 2/12/2010 7:03:28 PM ET
  A bearish Gartley pattern has nearly completed on the AUD/JPY.
  6 comments
• U.S. Dollar And Relative Growth
  Written by Kathy Lien
  Last updated 2/12/2010 5:35:43 PM ET
  Based upon the price action in the currency market this past week, traders may be wondering whether currencies are once again trading on relative growth. The unresolved problems in Greece and weaker growth in the Eurozone continue to weigh on the euro, causing the currency to slip for the third consecutive day to a 3 month low against the U.S. dollar. The Japanese Yen and Swiss Franc also lost value against the greenback but it was most likely tied to the stabilization of equities this week. The Australian and New Zealand dollars appreciated as stronger employment numbers in the land down under make it glaringly obvious that the U.S. economy is having a tough time keeping up with its Anglo-Saxon counterparts in Asia. However the U.S. is not doing all that poorly - even though consumers are less confident, they are at least spending.
  2 comments
• Attractive GBP/JPY Selling Opportunity...
  Written by Roger Stojsic
  Last updated 2/12/2010 11:33:07 AM ET
  The key will be for prices to rally to our projected entry of 142.52 (just below pattern completion near point D) without first moving below point C (139.40)...
  7 comments
• Dollar Rises as Consumer Spending Springs Higher in Jan
  Written by Kathy Lien
  Last updated 2/12/2010 9:00:49 AM ET
  The U.S. dollar shot higher against the Japanese Yen following a stronger than expected retail sales report. Consumer spending rose 0.5 percent in January with sales excluding autos rising 0.6 percent
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• Surprise Chinese Tightening Hits Euro, Aussie Hard
  Written by Boris Schlossberg
  Last updated 2/12/2010 5:57:08 AM ET
  Growth was hit from all sides today as weak Eurozone economic results combined with a surprise announcement from PBOC that the Chinese central bank was raising reserve requirements another 50bp pushed EUR/USD to a fresh 8 month low in morning European trade. EZ eco data disappointed all around with Q4 GDP numbers printing at an anemic 0.1% vs. 0.4% eyed while Industrial Production unexpectedly declined to -1.7% vs. 0.3% forecast.
  9 comments
• Review: Probabilities in Trading
  Written by Bradley Gareiss
  Last updated 2/11/2010 8:07:04 PM ET
  Why it is important to look at trading in terms of probabilities rather than absolutes.
  8 comments
• New Trade Alert: CAD/CHF Rally Hits Key Resistance
  Written by Roger Stojsic
  Last updated 2/11/2010 1:57:11 PM ET
  Current rally has just hit 78.6% weekly resistance in addition to a bearish 8hr butterfly pattern at 1.0225....
  9 comments
• Euro: EU Accord Still a Dud
  Written by Kathy Lien
  Last updated 2/11/2010 9:51:21 AM ET
  With Washington still digging themselves out of the snow storm, the U.S. retail sales report has been delayed until Friday. Although we wonder how the labor department managed to get the jobless claims report out but the Commerce department had to delay the retail sales report, this is a completely separate discussion.
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• Risk on for Aussie, Risk off for Euro
  Written by Boris Schlossberg
  Last updated 2/11/2010 4:54:52 AM ET
  A mixed night of trade in FX with the Greek issue continuing to dominate the flows in EUR/USD, but risk appetite increasing considerably in Asia Pacific as Australian and Chinese data show a return to torrid growth in the region. Australian employment data blew out market estimates printing at 52.7K vs. 15.1K expected as the unemployment rate declined to 5.3% from 5.6% projected.
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• GBP/NZD Long Opportunity at 2.2384
  Written by Bradley Gareiss
  Last updated 2/10/2010 6:33:05 PM ET
  A bullish Gartley pattern is forming on the GBP/NZD.
  4 comments
• U.S. Dollar: Fed Speaks the Truth
  Written by Kathy Lien
  Last updated 2/10/2010 4:45:35 PM ET
  Currency markets completed a volatile day after Ben Bernanke indicated that discount rates could rise faster than expected. The Fed chairman’s comments immediately pushed the dollar higher. However, much of his influence faded by afternoon trading. Commodity currencies weathered the storm relatively well with slight declines in the aussie and kiwi and significant strength in the loonie. However, the biggest loser of the day is by far the British Pound on signs that the BoE might consider adding to asset purchases after all.
  3 comments
• Higher Oil Prices Affect both U.S. and Canadian Trade Deficits
  Written by Kathy Lien
  Last updated 2/10/2010 9:47:52 AM ET
  The U.S. dollar is trading higher this morning against all currencies except for the Yen despite talk of Germany coming to the rescue of Greece. U.S. trade numbers were weaker than expected with the deficit widening from -$36.4 billion to -$40.2 billion.
  5 comments
• Euro Trades Warily As All Eyes on Eu Summit
  Written by Boris Schlossberg
  Last updated 2/10/2010 5:47:16 AM ET
  Currency markets continued to be on edge regarding the resolution of the Greek fiscal crisis with all eyes focused on the German Finance Ministry meeting ahead of the EU summit tomorrow. The German meeting ended with no official decision on the issue, but sources stated that they expect a statement to come tomorrow. The resolution of the Greek fiscal problem now centers on whether it will be a bilateral or a multilateral solution although at this point it appears a direct assistance package from Germany to Greece will be the most likely possibility.
  8 comments
• Review: Stop Placement
  Written by Bradley Gareiss
  Last updated 2/9/2010 7:18:36 PM ET
  This feature discusses why stop are important and the tools used to determine stops.
  2 comments