Results for tic report
1 articles with this tag name
  • Capital flight has driven the US dollar higher. On a day when President Obama signed the Economic Stimulus Package into law, the banking turmoil in Europe and the resignation of Japan’s Finance Minister has turned investors away from other major currencies. Even though the greenback is yielding next to nothing, investors are willing to park their money with the US government as long as they keep it safe. The lack of negative game changing news from the US has been very positive for the US dollar. The greenback and gold prices have been moving in tandem since January 14th. This unusual correlation is actually sending a strong message to currency traders.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
AUD/USD
Medium term



Buy Buy at 1.0755
Stop at 1.0681
Target at 1.0834
EUR/USD
Medium term



Buy Buy at 1.3190
Stop at 1.3166
Target at 1.3239
USD/JPY
Medium term



Buy Buy at 76.6200
Stop at 76.38
Target at 77.4
currency trade idea
GBP/CHF
Medium term
Opened 2/8/2012
Sell Short from 1.4470
Stop at 1.4602
Target at 1.4352
AUD/CAD
Medium term
Opened 2/6/2012
Buy Long from 1.0740
Stop at 1.0655
Target at 1.085
USD/CAD
Medium term
Opened 1/31/2012
Sell Short from 0.9990
Stop at 1.0005
Target at 0.9905
These are hypothetical trades and should not be relied upon as a substitute for independent research.

MARKET NEWS ALERTS

Receive daily commentary, technical analysis reports and potential strategies from Kathy Lien, Boris Schlossberg, David Morrision and their team of technical analysts.
  • Your first name:
  • Your last name:
Your email address:




Already getting alerts but don't have a FX360 account? Manage your subscriptions by creating an account now.

Already have an account? Manage your subscription here.

CENTRAL BANK RATES