Archive for March 30th, 2010

Another Stalled Drive in Risk Appetite and Tumble for the Dollar Keeps Crude Below $83

Tuesday, March 30th, 2010

Fundamental and technical interests are working together to prevent crude oil from fully developing a renewed bull trend. From price action itself on the benchmark commodity, bulls seem to have lost conviction just below a frequently tested and repeatedly fortified range high in $83.

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USDCHF Trendline Support

Tuesday, March 30th, 2010

Student’s Question:

 
Is this still a good buy as it approaches the support line a third time? 
If it was to breach the support line would that indicate a reversal of the trend?

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British Pound Extends Rally, Japanese Yen Weakens Across the Board

Tuesday, March 30th, 2010

The British Pound pushed higher against the greenback, with the exchange rate crossing above the 20-Day SMA (1.5060) to a high of 1.5088, while the Japanese Yen lost ground against all the majors and is the worst performing currency on Tuesday.

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US Dollar COT Index Turns Up

Tuesday, March 30th, 2010

The USD COT index has turned from 0, which is bullish. Favor the upside.

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EUR/USD: Trading the Change in German Unemployment

Tuesday, March 30th, 2010

The German labor market is expected to weaken further in March as economists forecast unemployment to increase 7K for the second consecutive month, and the data could weigh on the exchange rate as European policy makers continue to see a risk for a protracted recovery.

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Light Crude: 03/30

Tuesday, March 30th, 2010

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Gold: 03/30

Tuesday, March 30th, 2010

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US Dollar / Swiss Franc: 03/30

Tuesday, March 30th, 2010

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US Dollar / Canadian Dollar: 03/30

Tuesday, March 30th, 2010

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US Dollar / Japanese Yen: 03/30

Tuesday, March 30th, 2010

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