COMMENTARY

• Will Weaker Chinese Data Force RBA To Keep Rates Steady?
  Written by Boris Schlossberg
  Last updated 3/1/2010 2:27:43 AM ET
  Weaker than expected Chinese PMI Data reversed a small short covering rally in risk FX as European markets opened for trade at the start of the week. Chinese CFLP Manufacturing PMI slowed to 52.0 from 55.8 the month prior which the HSBC gauge dipped to 55.8 from 57.4 in January. Both measures remained firmly in expansionary territory but declined for the second consecutive month after hitting their peak in December of 2009.
  3 comments
• EUR/JPY To Face Resistance at 121.95?
  Written by Bradley Gareiss
  Last updated 2/26/2010 7:56:43 PM ET
  A bearish butterfly pattern is forming on the EUR/JPY.
  0 comments
• Dollar Unfazed By Fed Timeline For Rate Hike
  Written by Kathy Lien
  Last updated 2/26/2010 5:34:23 PM ET
  Based upon the price action in the foreign exchange market today, the snow storm in the Northeast has not kept U.S. traders away from their desks. There were some decent sized moves in the forex market throughout the North American trading session with the euro rallying aggressively against the U.S. dollar following the existing home sales report only to give back those gains around lunchtime. Although the rally in equities was relatively mild, it was enough to improve risk appetite in the forex markets. As a result, the dollar traded lower against the every major currency except for the British pound which has not been able to rally for the past 8 trading days.
  3 comments
• AUD/CAD Hits Key .9460 Resistance
  Written by Roger Stojsic
  Last updated 2/26/2010 11:33:25 AM ET
  Additional confirmation comes in the recent dip as a newly developing ABCD confirmation pattern is also projected to complete near .9460....
  2 comments
• EUR/GBP Testing Intraday Reversal Forecast
  Written by Roger Stojsic
  Last updated 2/26/2010 10:35:03 AM ET
  This means a short at current levels represents a solid risk/reward ratio..
  10 comments
• Forex Gains Could Slip Away After U.S. Data
  Written by Kathy Lien
  Last updated 2/26/2010 10:11:23 AM ET
  The U.S. dollar is weaker this morning as Thursday's reversal in equity markets left traders with a hint of optimism.
  3 comments
• Trading Psychology- Recency Bias
  Written by Bradley Gareiss
  Last updated 2/25/2010 7:32:49 PM ET
  What is recency bias, and how can it negatively impact your trading results?
  6 comments
• U.S. Dollar: The Divergence Trade
  Written by Kathy Lien
  Last updated 2/25/2010 5:46:50 PM ET
  It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak and more troubles in the Eurozone caused a wave of risk aversion throughout the European and early U.S. trading session. However it was the encouraging comments from Fed President Bullard that stoked the recovery. Traders were also relieved that Bernanke did not say anything particularly damaging in the second day of his testimony on monetary policy. Today’s reversals in the forex market may be important but not as much as the divergence in price action across various currency pairs.
  2 comments
• Trade Update: NZD/USD Stops To Break-Even
  Written by Roger Stojsic
  Last updated 2/25/2010 2:17:06 PM ET
  Yesterday's NZD/USD buy at .6855 was triggered
  2 comments
• Sharp Rise in Jobless Claims Sinks Dollar
  Written by Kathy Lien
  Last updated 2/25/2010 8:52:25 AM ET
  The U.S. dollar traded sharply lower against the Japanese Yen following much weaker than expected U.S.
  6 comments
• Bonus GBP/USD Trade: Sell at 1.5625
  Written by Bradley Gareiss
  Last updated 2/24/2010 7:28:56 PM ET
  A short term bearish Gartley is forming on the GBP/USD. Note that this does not affect the long term GBP/USD long trade we are currently in.
  6 comments
• Dollar: Bernanke Sticks to Script
  Written by Kathy Lien
  Last updated 2/24/2010 5:25:07 PM ET
  On an intraday basis, Bernanke’s speech delivered the type of volatility in the EUR/USD that we would normally expect from his semi-annual testimony on monetary policy.
  2 comments
• NZD/USD Buy on Dip To .6850
  Written by Roger Stojsic
  Last updated 2/24/2010 2:17:09 PM ET
  The NZD/USD is showing solid near-term support near .6850 based on an emerging ...
  3 comments
• Bernanke on the Defensive, Driving the USD Lower
  Written by Kathy Lien
  Last updated 2/24/2010 10:44:42 AM ET
  Bernanke is taking the stand this morning before the House of Representatives in Washington to deliver his semiannual report on monetary policy. Having already done this 8 times in the past, Bernanke knows that he is prepared to come under some serious grilling.
  1 comment
• Trading Psychology- Accepting the Risk
  Written by Bradley Gareiss
  Last updated 2/23/2010 7:28:37 PM ET
  Accepting the risk before placing a trade is one of the most important components of a winning trader's psychological makeup. This is also a relevant follow up to yesterday's article and some of the comments about leverage.
  6 comments