After hitting a high above 1.60, the EUR/USD has fallen over 400 pips. The failure to extend far beyond 1.60 should not be all that surprising if you have been following my posts. Last Tuesday, when the Euro broke 1.60, I pointed out that the lack of major option barriers above 1.60 suggested […]

Posted in Wall Street Journal, US Economy, Fed Rate Cut Expectations, non-farm payrolls, Inflation, Fed Rate Cut, Bernanke, ECB, Federal Reserve, FOMC, euro, US Dollar 5 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
FOMC Rate Decision vs. Non-Farm Payrolls
Federal Reserve Faces a Tough Decision
Bernanke May Have to Start Thinking Like Volcker
Euro and Oil at Crossroads
Japanese Inflation Coming
EoS: Fourth […]

Posted in consumer spending, Fed Rate Cut Expectations, non-farm payrolls, Fed Rate Cut, FX Radio, Crude Oil Prices, Canadian Dollar, Forex News, British Pound No Comments »

I will be out of the office on Thursday and Friday. You’ll catch me soaking up some sun and doing some BKTRADER work from the beach with a pina colada =)
We had 2 trades this week at BKT, an AUDCAD trade that banked us 211 pips and a EURUSD trade that was +52 […]

Posted in Uncategorized 16 Comments »

After hitting a record low against the Euro on Tuesday, there has been little follow through selling in the US dollar, leaving many traders wondering whether this may be a pause before further losses or a potential bottom.
Although I am a long term dollar bear, the break of 1.60 is far from impressive. […]

Posted in Inflation, euro record high, Fed Rate Cut Expectations, Bernanke, Crude Oil Prices, euro, US Dollar No Comments »

One of the strategies in my High Probability Trading eBook is called the Extension Fade. The strategy looks to fade a move after a currency pair has rallied or fallen for a certain number of consecutive days.
According to the eSignal chart below, EUR/JPY is now on its EIGHTH consecutive day of strength. […]

Posted in euro record high, euro 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bank of England Minutes Reveal Vastly Diverse Voting Patterns
Euro Hits All Time High But ECB Noyer Falls Back on Comments
LIBOR Rates Hit US Borrowers
Eurozone Numbers […]

Posted in Bank of England, FX Radio, Wall Street Journal, Forex Podcast, Bank of Canada, euro, Forex News, DailyFX, British Pound, Crude Oil Prices, Canadian Dollar, Carry Trades No Comments »