FX

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 […]

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 […]

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.com
The Week That Was: Nov 3 - 7 
Last Tuesday’s Historic US election of Barack Obama was followed by disappointing reaction from the markets, with ADP employment numbers confirming contraction on Wednesday. Thursday  got started with a monster 1.5% surprise interest rate cut by the Bank of England, and Friday closed the […]

Pre Non Farm Payroll Numbers Disapointed early Wednesday as
Interest rate Cuts of 50bps expected from BOE and ECB are expected Thursday no shock to the charts expected - expect the unexpected.
November 5th, 2008 - Nothing but Down
 
Above - The Major Indexes and the VIX-Volatility Index 5 Minute Charts
USD-JPY 4 Hour Chart breaking Support (click to enlarge)
Finally - […]

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
 
The Dollar - Gives and Takes
The past few days have seen the US Dollar give back a small portion of it’s historic rally - save the Yen… This despite factors that fundamentally - “in normal times” - should have hammered the greenback. The biggest factor being the FOMC […]

By Jerry Furst - Sr Analyst
Investors Education Network
The Bernanke team at the FOMC is expected to lower rates by as much as 50 bps tommorrow. This as Jean Claude Trichet at the ECB, and the Bank of England are under pressure and telegraphing that they too will be lowering rates.
 
Live Webinars on FOMC and US GDP […]

By Jerry Furst - Sr Analyst
Investors Education Network
Last Weeks Chart Analysis Results
700 Pip Targets Hit in 48 Hours - Dollar Continues Amazing Rally - Technicals Look Great
Greenspans Admits to Flawed Reality of Greeds Span
The Senate oversight committee with testimony from former chairman Greenspan, Treasury Secretary Snow, and SEC Commissioner Cox was barely covered by the […]

If You Can’t Say Anything Good - Keep Your Mouth Shut!
 
Last week I was invited to the Federal Reserve in Miami for Dinner and a Seminar, The Filet was excellent! The subject matter made me uneasy as I came to realize that there is a bit of a disconnect between the realities on the ground and […]