In today’s FX Hour, we discussed the U.S. dollar reaching levels not seen since 2002 We reviewed the major indices, a number of currency pairs and discussed fundamentals focusing on global high inflation that can lead to disinflation or deflation. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we reviewed key levels in the broad market and currency pairs. We primarily focused on the monkeybar levels and the equity selling off after bouncing off of trend resistance. We discussed prices falling through full range into the duplicate range. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we discussed the bullish equity move on low volume and the correlation to the U.S. dollar and commodities. With the bump in equities and the correlated AUD/JPY pair, we expect one more bullish push to retest recent resistance levels at which point we are watching for a bearish correction in equities, […]
In today’s FX Hour, we discussed the expected interest rate hike that would raise interest rates to a 0.25% rate and the impact on equities, commodities and currency pairs If the FOMC raises rates as is expected, we should see the dollar gain slightly and equities pull back slightly. The rate hike is being priced […]
In today’s FX Hour, we discussed historic correlations and the return to the correlations in many pairs Commodity prices are continuing to test new weekly lows and the correlations to the commodity currency pairs remains high. We are looking for continued trends in conjunction with our historic correlations to confirm one another in our forex […]
In today’s FX Hour, we discussed the bounce in commodities that made the dollar fall Commodity prices have been in a multi-month bearish trend. Historically commodity prices run in a super-cycle that runs 20 years or more. We may be in the corrective wave of the super-cycle which could me long term bearish trends continue […]
In today’s FX Hour, we discussed the bearish move in the euro pushing money into the U.S equities and the Safe Harbor dollar. With the recent attacks in France and the Japanese economy going into another recession, investors world wide are looking for a safe place to invest. The U.S. has been the location of […]
In today’s FX Hour, we revisited intermarket relationships focusing on weak commodity prices and a strong dollar. With the continued falling of commodity prices, retesting multi-year lows, it is no wonder that the dollar continues to strengthen. We are at a critical point where global demand is so low that all the key commodity markets […]
In today’s FX Hour, we discussed the overextended commodity currencies. Global economic data indicates we are not in recovery. We are still seeing low demand in commodity prices. Despite the low demand in commodity prices, commodity currencies have experienced a very bullish move over the past month. This bullish move appears to be overextended and […]
In today’s FX Hour, we watched Apple’s (AAPL) earnings report and discussed the impact of AAPL on forex trading. We reviewed the move in the dollar against the world currencies and discussed how commodity prices and continued global economic slowdown is driving U.S. equities and the U.S. dollar in the same direction. These two usually […]
In today’s FX Hour, we discussed key economic data and the impact on the majors. One of the correlations we discussed was Walmart (WMT) at a multi-year low and a relative PE ratio that puts it in the bottom 15 percentile of its historic PE. What does this have to do with the dollar or […]
In today’s FX Hour, we discussed current market conditions, specifically equities and commodities that are correcting at key resistance areas. These bounces off of resistance have set up increased volatility and falling commodities generally strengthen the dollar. As such, we are watching for long dollar positions and will manage our long yen trade that is […]
In today’s FX Hour, we discussed many intermarket dollar correlations and U.S. market correlations to other currency pairs and trading instruments. We discussed the dollar with bonds and commodities. We also looked at the very high correlations between the U.S. equity markets and the AUD/JPY and oil prices and the Canadian dollar. Correlations can lead […]
In today’s FX Hour, we discussed the current market conditions and the impact of CPI and Purchasing Power Parity on Forex Trading. Consumer Price Index or CPI is a measure of inflation that each major country uses to see the declining and increasing purchasing power of their domestic currency on a basket of goods and […]