Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing ProfitsOn: November 2012

Friday, 30 November 2012

Will Stocks Rally in December?



(By Arend Vermazeren via Flickr)
December is traditionally one of the best months for stocks, and the S&P 500 index is oversold at current levels. An increase of the index to 1470 is in the cards.

Tuesday, 27 November 2012

What could be the consequences for the US, if the fiscal cliff is not resolved?




(Image by Tax Credits via Flickr)
Guest post by Emma Davis
 
With a view to lend support to the sagging U.S. economy, lawmakers had announced a tax reduction in the U.S. workers’ payroll as a result of which the last two years have seen them relatively happy with an increase of two-percent point in their salary after deductions.

Saturday, 24 November 2012

US DOLLAR: It Can Decline Against the Canadian dollar

 
Canada maintains a competitive advantage over the United States. The United States Dollar (USD) against the Canadian Dollar (CAD) should decline to 0.9870 in the short-term and then eventually fall to between 0.9700 and 0.9600 in the longer-term.

Wednesday, 21 November 2012

Short-term trading, Dec. 2012, ++EURUSD

EURUSD DAILY CHART
 
The market is bouncing on the lower Bollinger band and the 100 MA. There is a divergence between the daily price and the RSI indicator. December is one of the best months for the European currency. The market is supported, until price stays above 1.2570. The first target could be 1.29, and then it might be 1.31.
 
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Friday, 16 November 2012

EURO: Is It Bottoming Out against the US Dollar?


In the US, a compromise over the fiscal cliff is in the cards, as the economic growth stays weak. The eurozone, on the other hand, is still in recession, but the worst might be over. The technical picture of the EURUSD is pointing to a move to 1.29/1.32 short term.

Saturday, 10 November 2012

US DOLLAR VS YEN: The Medium-Term Trend is Still Up


USDJPY CHART DAILYThe deficit is huge. Despite a brief rebound, the U.S. dollar index can fall to 78.00. Japan is in a recession, USDJPY technical and fundamental pictures point to a move toward 82.00.

Sunday, 4 November 2012

EURO:Lower Short-Term, Higher Long-Term?


CHART EUROUSD DAILYIn November, the euro could correct to 1.2750-1.2650. However, the medium-term trend stays bullish. The target of 1.36-1.44 is still in the cards.