trading

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 […]

The USD experimented with a choppy trading session against its main currencies rivals yesterday, amid a slide on worldwide stocks. The market fluctuations were conditioned by a fall on Wall Street, which saw stocks plunge to their lowest levels since 2003. There was also a fall in shares in the auto industry threatening bankruptcy in […]

The USD continues to trade between 1.2500-1.2800 against the EUR, and the pair seems to be moving without direction in anticipation of the next big event to hit the news. As long as the 1.3000 level stays untouched, there is a good chance that the pair may move lower again in the coming days. Risk […]

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 […]

The USD saw a bullish trading session versus most of its major currency crosses yesterday. The USD took advantage of the falling Crude Oil Prices, which reached a 20-month low, and some bearishness by its counterpart currencies. Against the EUR, the USD reached its highest value in more than a week as the pair traded […]

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 - […]

On the eve of the U.S. Presidential election, the Dollar posted large gains of 150 points to close at 1.2580 against the EUR, helping to erase some of its losses from late last week.
The Dollar continued to shrug off poor economic data stemming from the U.S. economy as the Institute for Supply Management released the […]

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). […]