Author Archive
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Predictions for 2010
StockTwits FX, StockTwits FX | December 30th, 2009 at 10:49 am
This post was written by @kevinmhughes on the StockTwitsFX Blog
We've completed another year in the 21st century and we're about to begin another decade. 2009 was a memorable year stemming from the last quarter of 2008. The 2000's changed me personally and professionally; I've lived many of life's chapters from graduating college, ALMOST getting married, being homeless all the way to starting my own business.
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Short, Sweet & to the Point
StockTwits FX, StockTwits FX | December 28th, 2009 at 7:59 am This post was written by @kevinmhughes on the StockTwitsFX Blog
This week is going to be a definite range trading week. No real news to speak of in regards to the economic calender. The $EUR zone has more releases than anyone else, but they're nothing really to be alert to, in most cases.
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Will USD Weaken Into The New Year?
StockTwits FX, StockTwits FX | December 28th, 2009 at 7:30 am This post was written by @faithmight on the StockTwitsFX Blog
Here we are at the beginning of the last trading week of the year! The $USD has staged an impressive rally in the past 2 trading weeks but going into the new year, the recent $USD rally could correct and the price in the$GBPUSD could, in fact, rally.
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Christmas, Currencies & Egg Nog
StockTwits FX, StockTwits FX | December 21st, 2009 at 8:01 am This post was written by @kevinmhughes on the StockTwitsFX Blog
It's the week of Christmas and most traders are taking off from trading to spend time with their families and loved ones. For the 1st time in my life, I am actually not traveling to visit anyone so I will be happily trading.
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Playing The Range
StockTwits FX, StockTwits FX | December 21st, 2009 at 7:37 am This post was written by @faithmight on the StockTwitsFX Blog
Here we are in the thick of holiday trading! Christmas is Friday, 2009 ends in under 2 weeks, and sentiment amongst traders on StockTwits and Twitter has been cheery. These thin holiday markets can find currencies rangebound as big money squares books for the year-end and the market in general sizes up how the world is doing this first year into the financial crisis.
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Weekend Radar
StockTwits FX, StockTwits FX | December 19th, 2009 at 12:07 pm This post was written by @kevinmhughes on the StockTwitsFX Blog
Here are some situations I will be watching this weekend. I believe if these events/situations get stronger (whether good or bad) it will have a impact on the markets which will cause some nice movements. The links will take you to a website with some information (and probably a good place to check periodically this weekend)
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How I’ve been passing the time in December…
StockTwits FX, StockTwits FX | December 17th, 2009 at 11:50 am This post was written by @ragheehorner on the StockTwitsFX Blog
I'm not a big fan of trading in the month of December. I usually like to relax, hit the driving range, and clean the mess I have made of my office the prior eleven months. And usually I don't feel like I've missed anything. Still, I am a trader...and when I don't a have a chart to analyze and a trade to set up...well, I feel like a dragonslayer without any dragons.
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Holiday Gifting for GBP Bears
StockTwits FX, StockTwits FX | December 14th, 2009 at 8:00 am This post was written by @faithmight on the StockTwitsFX Blog
Uh, I don't know about that yet. Price still sits above 1.6000 but the downward channel on the daily chart is pointing price in the right direction. Now the sentiment has been bearish sterling for some time now on StockTwits and Twitter. But the risk trade prevented the USD from capitalizing on the contrast between both the US and UK economies and monetary policies as the GBP was a beneficiary of increased risk appetite in the markets.
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Is there an early Christmas gift for the $USD?
StockTwits FX, StockTwits FX | December 11th, 2009 at 2:17 pm This post was written by @kevinmhughes on the StockTwitsFX Blog
Over the last several weeks, I have been EXTREMELY bearish on the $USD (Us Dollar). Our economy was in limbo, or no one knew exactly what to think of it. On Friday December 4th, unemployment numbers came out and they were better than expected. Not only did the $USD rally off it's miserable lows, the stock market also rallied (or closed positive).
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Examining the Year-End Futures-Forex Connection
StockTwits FX, StockTwits FX | December 11th, 2009 at 7:55 am This post was written by @ragheehorner on the StockTwitsFX Blog
I'm always looking at what effects the currency pairs that I trade. Since the majority of my trades are "dollar-correlated" in some way I must know what's effecting the dollar. I come from a futures trading background and this has served me well again and again. Now the relationship between, for example, the U.S. Dollar ($USDX) and the Dow Jones ($INDU) is not fixed and nor should I expect it to be. So I am always reevaluating day by day, hour by hour, and across each time frame that I trade.
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ECB meeting expected to announce scaling back of excess liquidity. EURUSD likely to be volatile
StockTwits FX, StockTwits FX | December 3rd, 2009 at 9:57 am This post was written by @gregmikefx on the StockTwitsFX Blog
Although rates are expected to remain unchanged the ECB has hinted they willl look to phase out providing excess liquidity to the banking system as a result of the credit crisis. The feeling is the liquidity is no longer needed as conditions have settled down in the market and the excess liquidity can actually be contributing to arbitrage opportunities that encourage transactions like carry trades. For example, higher yielding asset purchases could be funded with the lower yield liquidity provided by the ECB. The interest rate decision will be annonced at 7:45 AM. ECBs Jean Claude Trichet will conduct his usual press conference at 8:30 AM.
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A GBP Play on the Bubble Burst
StockTwits FX, StockTwits FX | November 29th, 2009 at 11:05 pm This post was written by @faithmight on the StockTwitsFX Blog
Analysts have been talking about a possible real estate bubble bursting in the Middle East, particularly Dubai and Abu Dhabi, for over a year now. So for active forex traders, Wednesday's news that Dubai World signaled possible default by asking for a payment extension, was writing on the wall. Now that the markets have had a chance to react, we can look for long term implications by watching for certain price behavior.
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Dubai World and the world
StockTwits FX, StockTwits FX | November 29th, 2009 at 1:30 pm This post was written by @gregmikefx on the StockTwitsFX Blog
The Dubai debt crisis is once again a reminder of fragility of the global credit market and also how what may seem like an isolated problem can have far reaching tenticles.
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Who’s ready for some Christmas cheer?
StockTwits FX, StockTwits FX | November 28th, 2009 at 11:39 am This post was written by @kevinmhughes on the StockTwitsFX Blog
By now everyone has probably heard that Dubai World (basically the city of Dubai) has asked it's creditors to help restructure debt/hold off repayments for 6 months, what ever the you've heard, it is not good... Dubai World is in a nut shell is an investment company that focuses on real estate for the Dubai Government.
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EURUSD awaits NYs entrance near the short term resistance level
StockTwits FX, StockTwits FX | November 27th, 2009 at 2:58 pm This post was written by @gregmikefx on the StockTwitsFX Blog
The $EURUSD awaits the NY traders coming back from their Thanksgiving holiday with the price of the EURUSD just at the shorter term charts 100 bar moving average (blue line). The level comes in at the 1.4904 level. The price moved above and below the MA line in the last few hours.
