All Blog Entries

Analyst picks for: 2009/02/18
Written by the DailyFX Research Team

The dollar has produced a significant break against a number of its notable pairings this week. One of those shifts has come with the USDJPY which is further developing a bullish reversal from a double bottom that has pushed through yet another descending trendline. However, this significant move has neither developed carry through for the majors nor has it further catalyzed breakouts for the rest of the yen crosses. Is the USDJPY's breakout a leading indicator for the rest of the yen crosses? Our DailyFX Analysts look for direction from the Japanese currency through their yen picks for the week.

Questions about these picks? Visit the DailyFX forum for ...

by John Jagerson

There are no set rules in the capital markets. For example, normally we expect gold prices to move inverse to the dollar and to be correlated with currencies like the Australian dollar. There are a lot of trading strategies built around these "normal" relationships. However, that is not what is happening to gold right now. What is wrong and what can traders do about it?

There are many factors that affect the supply and demand for gold. It is a shelter against inflation and will typically rise in prices when the USD is inflating or falling in value compared to other major currencies. Like most commodities it can also rise in price during economic expansions and will often decline during ...

http://www.ablesys.com/fxcm

Attached Images

 

FOREX VIDEO REVIEW: London Session February 18, 2009

Posted on February 18, 2009 at 17:50 in Uncategorized by --------- Stephens

Today we go over a failed trade, one that did not perform as hoped, and how proper management still gave us a few pips to show for it. After some fairly decent pre-London trade setups, and a very strong British Pound break south in the start of London, we found ourselves long GBP/USD back to resistance 90 pips away (nice trade as well), but actively planning a re-short continuation off of a nice Fibonacci pullback zone, and other ema etc. means of resistance overlap around the 1.4195 area. Nearly all of the GBP/USD’s behavior up until this point was completely foretold, and confirmed ...