09Jul

Market Update – Wednesday, July 9 2008

The FX market continued to trade in a whipsaw manner for most of the Asian and European sessions today as intraday trends failed to sustain with risk for loss remaining unusually high for most of the session. However, as the US session arrived, US dollar selling was beginning to unfold and our system confirmed 3 […]
08Jul

Week of July 8, 2008 Market Analysis

The foreign exchange market is showing signs of higher than normal risk today as the best trade opportunities thus far for the week have occurred in early Asia and European trading on Monday, while the US session on Monday saw a dramatic reversal of the intra day trend as the US dollar was broadly sold. […]
06Jul

Week on July 6-11, 2008

EURUSD moved higher last week as was the forecast but failed to sustain prices above 1.5900 and made a dramatic move lower on Thursday after the much less hawkish statements from ECB President Trichet following Thursday’s ECB rate hike. The move lower last Thursday was limited to 1.5676 which is the 38.2 of the 1.5903 […]
29Jun

Week on June 29-July 4, 2008

EURUSD closed last week at the weekly high of 1.5792 and should continue to move higher early this week with 1.5844 as the next objective. A sustained break of 1.5844 will see momentum buying targeting the all time high at 1.6017 followed by further extension to 1.6147. To the downside, look for the 38.2% of […]
25Jun

June 25, 2008-EURUSD Consolidation Phase Nearing an End (see link at bottom)

The EURUSD has remained in a broad consolidation pattern since the April 22, 2008 high at 1.6017, as chart patterns and price action strongly suggest a breakout is imminent. The catalyst for such a breakout may occur today with the FOMC rate decision at 2:15 PM EST. The Fed’s easing cycle should have ended in […]
22Jun

Week on June 22-June 27, 2008

EURUSD failed to close below 1.5378 last week as prices moved above 1.5414, favoring further upside as mentioned in last week’s update and eventually saw prices reach 1.5651 (50% of 1.6017-1.5283) on last Friday. Prices continue to remain in a broad consolidation pattern with a major breakout imminent. Near term, look for a daily open […]
16Jun

Week on June 16-June 20, 2008

EUR/USD was unable to break above 1.5844 last week and saw a dramatic move lower reaching 1.5302 and closing the week at 1.5378. Last week’s EURUSD fall was the was the most dramatic decline in the pair since the first week of January 2005, as last week’s fall suggest further downside in the weeks ahead. […]
09Jun

Week on June 9-June 13, 2008

EUR/USD moved lower last week reaching 1.5364 but saw a dramatic move up late in the week fueled by ECB President Trichet’s unexpected and hawkish comments on Eurozone inflation concerns and the outlook of possibly ECB future rate hikes. The week closed out at 1.5776 which suggest the pair will continue to move higher this […]
01Jun

Week on June 1-June 6, 2008

EUR/USD failed to break significantly higher last week only reaching 1.5818 before moving lower, as the consolidation phase since the April 22, 2008 high at 1.6017 remains. However, the weekly chart made an outside weekly reversal, which means the EURUSD made a higher high, lower low and lower close than the prior week, thus strongly […]
25May

Week on May 25 – May 30, 2008

EURUSD continued to move higher last week with 1.5813 weekly high, as prices will move higher this week with a daily close above 1.5844 firming up the pair for a retest of the 1.6017 April 22, 2008 all time high. A sustained break of 1.6017 targets 1.6173 followed by 1.6240, as the potential for a […]

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Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading/Forex, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk or surplus capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.

Commodity Futures Trading Commission: Futures, Options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex/futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell Forex/futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. CURRENCY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.