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Tuesday, January 10, 2012

US_Dollar_Index_Holds_Critical_Support_as_Stocks_Advance_body_Picture_2.png, US Dollar Index Holds Critical Support as Stocks Advance US_Dollar_Index_Holds_Critical_Support_as_Stocks_Advance_body_Picture_3.png, US Dollar Index Holds Critical Support as Stocks Advance The greenback declined for a second consecutive day in North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDollar) sliding 0.17% on the session. Equity markets extended their gains today after rating agency Fitch cited no plans to downgrade France’s credit rating this year and better than expected economic data eased concerns regarding the Euro zone’s second largest …

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The loonie has appreciated nearly 1% this week as broad based weakness in the greenback saw the high yielders advance across the board. As noted in Friday’s USD Trading report, dollar softness was in fact expected early this week after three days of significant advances from the reserve currency. The move offers fresh positioning for further topside plays in the …

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DJ FXCM Dollar Index
Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 9961.94 9988.98 9947.01 -0.23 66.22%
USD_Index_Points_To_Further_Strength_Sterling_To_Face_Range-Bound_Prices_body_ScreenShot064.png, USD Index Points To Further Strength, Sterling To Face Range-Bound Prices The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.23 percent lower from the open after moving 66 percent of its average true range, and the greenback may weaken further over the next 24-hours of trading …

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I know the market is flying but a trade is a trade.  Today we are looking at the semiconductor index, as of right now itS encountering some resistance at its 200 day moving average and the $390ish level.  The $SOX is sporting an RSI2 reading of 99.48 and to boot it gapped above its upper bollinger band after 4 up…

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How do you think you could do as a currency trader if you had inside information on currency intervention by a central bank?  I guess it depends on which central bank, no? The chairman of the SNB has resigned in the wake of a scandal involving his wife and her currency trades leading up to open market operations by the…

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GOOG fell over 4% today confirming a wave B top of a very large flat correction that began January 19, 2011.  The target is below the wave A low of 473.02, possibly down to 450, but it should not fall below 433.63.
While GOOG has topped, the SP500 still has room for upside with targets between 1300 to 1340.  However,…

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