dollar

By Jerry Furst - Sr Analyst “1st on Forex”
Investors Education Network.com
Lots of Scheduled News on the Calendar
Beginning of the Week - Retail sales will be the focus as anecdotal reports of the Holiday season kicking off with last weeks Black Friday and the Thanksgiving holiday weekend. They call it “Black Friday” because many retailers traditionally get profitable and into the […]

This are the numbers released, readings are Actual, Expected and Previous.
Unemployment Claims           529K 534K 543K
Core PCE Price Index m/m      0.0% 0.1% 0.2%
Durable Goods Orders m/m -6.2% -2.8% -0.2%
Durable Goods Orders m/m -4.4% -1.4% -2.3%
Personal Spending m/m      -1.0% -1.0% -0.3%
Personal Income m/m            0.3% 0.1% 0.1%
 
In general bad readings in Durable Orders and despite better than expected […]

Good News and Signs Emerge
The US Consumer is feeling more optimistic, and the President Elect continues to show he is working hard at putting together his team to address the US and World economic situation.
The Currencies React
At 8:30 the news hit the charts that the US GDP came in at the consensus number of -0.5% growth.
The […]

Greenback Rally Strides On  
My last post on November 18th showed the USD-CHF getting to a pinnacle point of decision as the chart showed a beautiful upward trend channel that was getting narrower and narrower – so a trend line break was immanent
 
Charts Past and Present
The chart above shows that the Dollar decided to break […]

The Dow Jones industrial Average could play a primary rol today: falling apart, is only 30 points of the minimum reached at 7900 basis points a few days ago.  If the Index falls under that level, we could see some “pannic selling” across the board, with Dollar to be the overall winner, followed by japanese […]

U.S. housing starts tumble to record low, while consumer prices fall by more in 61 years. Could this hit dollar and take us out of actual ranges? Let’s see this first 15 minutes reaction to decide if so. But remember, hard to see fundamentals change dominant trend for long!
Original post by Valeria Bednarik

Dollar Rally Pauses - Charts Tell The Story
The Dollar may be poised to retrace as several bad numbers are out again so far this week, GM is still teetering on either Bankruptcy or Bailout, and Wednesday is bringing CPIand Housing Data that may poke the charts around a bit. Take a look at the following three […]

Dollar Acting Schizoid Ahead of G20
The “normal” correlations of currency pairs was anything but – as the Euro surged from the 1.2500 range to over 1.2850, while the Pound Sterling lost ground most of the day closing relatively unchanged at around 1.4800. Meanwhile the Carry Trade continues it’s gyrations as the dollar gained ground against […]

By Jerry Furst - Sr Analyst
Investors Education Network
 
The Week Ahead - Calendar and Webinars
For my summarized Scheduled Economic Calendar - Click Here
Monday - US Election Coverage Goes Parabolic!
I’m expecting the markets to be really quiet Monday and Tuesday as the world sits back and pops enough pop corn for the next few days (or maybe weeks). […]

By Jerry Furst - Sr Analyst
Investors Education Network
Search for a Bottom Continues
Back on September 28 I stated that,  “Chicken little was “buying Puts on SKY”” - I believe that the trade is probably profitable - As the search for a bottom continues…
With an unscheduled interest rate cut by the US - coordinated with the other Central […]