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COMMENTARY

• Yen Strengthens as BOJ Stays Pat
  Written by Boris Schlossberg
  Last updated 12/21/2011 3:19:50 AM ET
  The BOJ left its benchmark rate unchanged between 0.0% and 0.1% but warned that the country’s recovery has stalled as business sentiment deteriorated in the wake of weaker export demand. “The pick-up in Japan's economic activity has paused, mainly due to the effects of a slowdown in overseas economies and of the appreciation of the yen,” the central bank noted, adding that ”Improvement in business sentiment has slowed on the whole despite steady improvement in domestic demand-oriented sectors."
  0 comments
• GBP/CHF to Test Resistance at 1.4643?
  Written by Bradley Gareiss
  Last updated 12/20/2011 7:59:06 PM ET
  A bearish Gartley pattern is forming on the GBP/CHF.
  0 comments
• EUR/USD Rallies to 1.3100 as IFO Surprises to the Upside
  Written by Boris Schlossberg
  Last updated 12/20/2011 6:11:51 AM ET
  Risk currencies rallied in early European trade today boosted by unexpectedly better than forecast results from the latest German IFO survey and strong Spanish T- Bill auction that saw markedly lower yields. The EUR/USD rose to a high of 1.3084 and Aussie rallied back to parity as positive investor sentiment continued to build throughout the night.
  1 comment
• EUR/CAD to Resume Downtrend at 1.3602?
  Written by Bradley Gareiss
  Last updated 12/19/2011 9:27:59 PM ET
  A bearish Gartley pattern is forming on the EUR/CAD.
  0 comments
• Aussie Boosted By Less Dovish RBA Minutes
  Written by Boris Schlossberg
  Last updated 12/19/2011 8:05:42 PM ET
  The Aussie rebounded from the .9900 level in morning Asian trade in the wake of surprisingly hawkish RBA minutes that suggested the central bank may pause its rate cutting campaign for the time being. The RBA noted that recent global economic data was mixed and was particularly weak in Europe, but nevertheless remained robust in Asia and was improving in North America. With respect to China the RBA stated that, “China's growth had been slowing, as policymakers there had intended, and most other economies in Asia had also slowed as trade in Asia was seeing some effects of the significant slowing in economic activity in Europe. Nonetheless, growth rates in Asia remained solid.”
  0 comments
• Risk FX Recovers in Wake of Kim Jong-il Death
  Written by Boris Schlossberg
  Last updated 12/19/2011 5:25:51 AM ET
  The death of Kim Jong Il, North Korea’s enigmatic leader sparked a small selloff in risk at the start of week’s trade but by early European dealing markets had stabilized somewhat with EUR/USD holding above the key 1.3000 level. The passing of Kim Jong II the leader of one of the most secretive and repressive societies in the world, sent regional bourses into tailspin as both South Korea and Japan went into high alert on fears of uncertainty in the transition. Kim Jong Il, who had been treated for "cardiac and cerebrovascular diseases for a long period," suffered a heart attack on Saturday, according to North Korea's official KCNA news agency.
  0 comments
• Dollar Gains on Risk Aversion as Kim Jong II Dies
  Written by Boris Schlossberg
  Last updated 12/19/2011 2:54:43 AM ET
  The death of Kim Jong II the leader of North Korea, one of the most secretive and repressive societies in the world, sent regional bourses into tailspin at the start of week’s trade as both South Korea and Japan went into high alert on fears of uncertainty in the transition. Kim Jong Il, who had been treated for "cardiac and cerebrovascular diseases for a long period," suffered a heart attack on Saturday, according to North Korea's official KCNA news agency.
  0 comments
• Review: Stop Placement
  Written by Bradley Gareiss
  Last updated 12/16/2011 8:33:59 PM ET
  Why stops are a critical tool and how we implement them in our trading.
  0 comments
• Review: Probabilities in Trading
  Written by Bradley Gareiss
  Last updated 12/15/2011 9:14:05 PM ET
  Why it is important to look at trading in terms of probabilities rather than absolutes.
  2 comments
• Trading Psychology- Accepting the Risk
  Written by Bradley Gareiss
  Last updated 12/14/2011 9:21:37 PM ET
  Accepting the risk before placing a trade is one of the most important components of a winning trader's psychological makeup.
  0 comments
• EUR/CHF to Face Resistance at 1.2396?
  Written by Bradley Gareiss
  Last updated 12/12/2011 8:13:21 PM ET
  A bearish Gartley pattern is forming on the EUR/CHF.
  1 comment
• Will GBP/JPY Resume Uptrend at 120.65?
  Written by Bradley Gareiss
  Last updated 12/9/2011 6:08:07 PM ET
  A bullish Gartley pattern is forming on the GBP/JPY.
  3 comments
• U.S. Trade Balance and Consumer Sentiment Provide Hope
  Written by Boris Schlossberg
  Last updated 12/9/2011 10:20:52 AM ET
  U.S. trade balance printed in line with forecasts showing a deficit of $43.5 billion for the month of October.
  1 comment
• Euro Rebounds On Short Covering
  Written by Boris Schlossberg
  Last updated 12/9/2011 5:35:57 AM ET
  The European leaders agreed to a fiscal compact but failed to secure changes to the EU treaty over the strenuous objections of UK at the EU summit today causing disappointed investors to sell the EUR/USD in Asian and early European trade, but the pair found support at the 1.3300 level and stabilized ahead of the North American open. Policymakers agreed to push for intergovernmental accord that will apply the 17 members of the EZ and will subject them to stricter budget overview procedures by the European commission. The text of the accord will be drafted by March of 2012 and is not expected to require referendum approval.
  4 comments
• EU Summit Fails to Impress But Euro Decline Subdued
  Written by Boris Schlossberg
  Last updated 12/9/2011 3:42:03 AM ET
  The EUR/USD was set to open lower in European trade after EU leaders agreed to a fiscal compact but failed to secure changes to the EU treaty over the strenuous objections of UK. Instead the policymakers will push for intergovernmental accord that will apply the 17 members of the EZ and will subject them to stricter budget overview procedures by the European commission. The text of the accord will be drafted by March of 2012 and is not expected to require referendum approval.
  1 comment