analysis
Talk In The Street 6.17.10
One gets the sense that the true summer doldrums have set into the forex market, and this is rather more and more clear when we look at the Yen/dollar trade over the course of the past nine trading sessions! During that period, the Yen/dollar has traded ….
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Today, I wanted to share a video I had done about being the 1% trader. I’m really grateful for all the positive emails and comments I have received and I’m here to help you be the 1% of successful traders… but it’s all up to you if you want to join me in this exciting journey together.
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Talk In The Street 6-11-10
Talk In The Street is agian about the Dol/Yen , I have heard this all before and watching Dol/Yen is like watching paint dry. Here is what the talk is about in the short form.
Some big dogs think the trend of the US dollar vs. the Yen seems now to be turning in the US dollar’s favor and against the Yen, in broad terms and in short. The strong Yen has been a very real weight upon the export oriented Japanese economy, and the manufacturers there want a much weaker Yen,(same with the Swiss they want a weak CHF.
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Talk In The Street 6-10-10
The USD is coming under a bit of pressure as of late. Can this finally be the point where the Euro rebounds and corrects? The last two lows have been higher and it seems hard to be on the short side, not that being long is any easier. You have to pick your points very carefully and get ready to exit stage left if quickly. Talk In The Street is that:
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Talk In The Street 6-9-10
The Talk In The Street is there is one group out there that has to be quite angry about what is taking place in the forex markets this morning and that’s the Swiss National Bank. The SNB is probably quite happy about the recent legal decisions that insure Swiss banking secrecy for a while longer, (which will make the CHF strong) for banking is of course at the very centre of Swiss life and Swiss “national-ness,” but the strength in the Swiss franc relative to the EUR has to have the authorities there manifestly unhappy.
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Swiss National Bank Intervention Rumor
Traders have been speaking of Swiss national Banks checking rates in eur/chf !
Could give us a good rally to sell the euro into!
Cheers,
Tom
Talk In The Street 6-8-10
Traders are talking about the harsh reality for the EUR at this point is that the
authorities there seem almost everywhere to believe that a materially weak EUR is something to be embrace rather than avoided, and that the weak EUR shall inure to their export benefit. In the long run that may in fact be correct, for if the EUR were to weaken dramatically enough exports will increase and imports will decrease, the balance of trade will swing materially
in Europe’s favor and perhaps the currency will eventually strength. But that is months, if not a year or two into the future, for the lag between a materially weakened currency and the “benefits” that that weakness is supposed to engender can but, and
almost always are, very long indeed.
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Gold and Silver Futures Talk In The Street Recap
August Gold closed up 11.6 at 1221.6. This was 23.5 up from the low and 0.3 off the high. July Silver finished down 0.632 at 17.299, 0.506 off the high and 0.014 up from the low.
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Fibonacci Range Expansion Trading Zone
The Fibonacci Range Expansion Trading technique, is one that I developed back in the early 1990s when I was moving away from lagging indicators like RSI, MACD, moving averages etc.
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Talk In The Street 6-3-10
Talk In The Street is about the new election in Japan a new Yen’s weakness can be…and probably should be… directly attributed to the fact that Mr. Naoto Kan, the Finance Minister under Mr. Hatoyama’s Prime Ministership, is very likely to become the next Prime Minister, unless something truly unusual were to happen in the next twenty four hours.
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