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PFX Major Pairs Trading Outlook: 11 September 2008

by S. Wade Hansen

REVIEW: 10 September 2008

The trend in the forex market lately hasn't really been about how strong the U.S. dollar (USD) is, but rather, how weak all of the other major currencies have become in relation to the USD. Today was no exception.

How's this for news out of the European Union? Today, the EU said that it believes the German economy is headed for recession. I'll tell you what, it doesn't take many announcements like that to push the value of the EUR/USD lower.

PREVIEW: 11 September 2008

Tomorrow we are going to get our first picture of how the newly strengthened U.S. dollar (USD) ...

Does OPEC really affect the forex? Part One

by John Jagerson

What really drives oil prices is a subject of much debate. There are a lot of industry professionals that maintain that it is a supply side market only versus some kind of mix between supply and demand. I think this is a relevant discussion for forex traders as we deal with the impact on currency prices attributed to oil and commodity market fluctuations.

Part of the debate stems from the impact of the action of OPEC. This 13 member cartel of oil producing nations has been in the news lately and is being watched by traders seeking to find some direction in the falling energy market. OPEC's influence in the market has diminished from thier ...

Breakouts And Trends Draw DailyFX Analyst To Canadian Dollar

The Canadian dollar stands in a unique fundamental and technical position throughout its crosses. With strong fundamentals, the pull of high correlations (to crude) and very different technical setups, there is potential for trades in both directions. See where our analysts are positioning below:


Click HERE for full article

John Kicklighter

My picks: Short EURCAD
Expertise: Combining Money Management with Fundamental and Technical Analysis
Average Time Frame of Trades: 3 days - 1 week

Terri Belkas

My picks: USD/CAD Short
Expertise: System Trading
Average Time ...

One of the most remarkable aspects of modern finance is the ability of markets to sniff out changes in the prevailing winds and subsequently repricing assets in very rapid fashion. What we have seen in recent weeks though is a return to the old days when trend changes took time to unfold. What we have been seeing for the last six or eight weeks is an old-fashioned slow-speed car wreck. Flight from emerging markets, commodities and carry trade continues long past the point where one would have expected the market to purge its excesses.

The market’s risk barometer, EUR/JPY is in panic mode, not surprising with major banks and investment houses circling the drain on Wall Street today. Now at 147.75, the cross eyes the 143.00/145.00 ...