The euro strengthened to a two-week high against the dollar as Spainraised more than its maximum target at a debt sale, boosting optimism the region’s sovereign debt crisis is being contained. The Dollar Index declined for a third day after U.S. inflation was little changed in December, giving the Federal Reserve more room to keepinterest rates near [...]
Market report – The U.S dollar is trading lower vs. other major currencies after S&P downgrades it AAA rating.
The U.S. Dollar continues to trade lower against most major currencies after Standard & Poor’s downgraded U.S. top credit rating from AAA to AA+ on Friday. The decision raised concerns over the fiscal issue of the world’s biggest economy. Although the Federal Reserve Open Market Committee is scheduled to meet tomorrow, traders didn’t wait and [...]
Your Webinar Invitation: Join us for “Swing Trading with Market Timing Intelligence. – Introduction and review of current and future trade signals.” : Futures Trading News, Futures Trading Brokers, Futures Trading
Swing Trading with Market Timing Intelligence. – Introduction and review of current and future trade signals. Join us for a Webinar on June 30 The most important element of a successful swing trading approach is market timing of both entry and exits. In this educational webinar, you will learn to predict, identify, [...]
The Futures, Commodities and Currency Markets are mixed [Listen] – Trading Podcast, Futures Trading, Futures Brokers, Commodity Brokers
[display_podcast]
Canadian Dollar making gains-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
The Canadian Dollar traded at 96.43 cents per U.S. Dollar, an appreciation of 0.3 cents, up from yesterdays 96.69. The Canadian Dollar touched 94.46 on April 29th, it’s highest level since November 2007. The Unemployment numbers helped the Canadian Dollar make gains against the U.S. Dollar – ending it’s longest losing streak since December as [...]
Swing Trading Strategies – New Low, On Projected Reversal Date, Sets Up Bullish Reversal. [chart]
March Dollar index traded to a new low of 78.97, on the January 14th reversal date. The new low was below the prior low of 79.02, posted on December 21, 2010. Soon after the market reached the new low, the market turned higher, rejecting the low, and began to climb. This is bullish price action [...]
Swing Trading Strategy – Bullish reaction swing confirmed for the Dollar! [chart]
Friday’s outside day is an added confirmation of the bullish zig zag continuation pattern. The market price action portends a price advance into the December 28th reversal date with an initial target objective at 8300 to 8350. I will keep you updated on this swing trade recommendation in the TMV Swing Trading Report.
China, Russia quit dollar
China, Russia quit dollar By Su Qiang and Li Xiaokun (China Daily) Updated: 2010-11-24 08:02 http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm
Dollar Recovery after China Raises Reserve Requirement Ratio
Dollar is trying to recovery from intraday low after market sentiments are weighed down mildly by more tightening from China. China raised the so called bank reserve requirement ratio by 50bps to “appropriately control” credit and loans. This was the second reserve increase in two weeks as inflation is viewed as a serious threat to [...]
Initial Jobless Claims (11/10/2010) – Futures News
* Jobless claims hit four-month low in latest week * September trade gap narrows more than expected * Import prices jump to highest since April * U.S. imports from China remain near record By Doug Palmer WASHINGTON, Nov 10 (Reuters) – Initial claims for U.S. jobless benefits hit a four-month low last week, while the [...]