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

The fourth time is the charm for the Euro as it finally pierces the 1.60 level against the US dollar. Despite slightly better than expected existing home sales in the US, a rebound in house prices, and news that the German Banking Association bailed out Duesseldorfer Hypothekenbank AG after a string of mortgage losses, [...]

Posted in Crude Oil Prices, Euro Intervention, euro record high 2 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 Canada Cuts Interest Rates by 50bp, Signals More to Come
Bank of England Offers to Acquire Mortgage Securities
Calls for LIBOR Rate Shake-up Grows
German Banking [...]

Posted in Bank of Canada, Bank of England, British Pound, Canadian Dollar, FX Radio, Forex Podcast, euro, euro record high No Comments »

More central banks around the world are using public money to bail out private companies. Are central banks out of their minds? Are they running out of options?
Back in March, the Federal Reserve announced that would be lending banks as much as $200 billion in US Treasuries in exchange for [...]

Posted in Bank of England, Fed Rate Cut, Federal Reserve, Reserve Bank of Australia 1 Comment »