Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing ProfitsOn: February 2013

Wednesday, 27 February 2013

Short-term trading: Is USD/JPY Topping?

japanese yen, usdjpy

A decline of the Japanese yen to 89.00 is possible short-term against the US dollar. The Japanese yen is leaning against the higher Bollinger bands. There is a divergence between the price and the RSI indicator on the daily and weekly charts. Accordingly to the Commitment of Trader report (COT), then, futures funds have accumulated almost 120,000 contracts of USD/JPY. It represents the highest level in more than five years.
 
The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed, neither the information presented nor any opinion expressed constitute a solicitation of the purchase or sale of any forex, futures or commodity product. Those individuals acting on this information are responsible for their own actions. Forex, futures and commodity trading may not be suitable for all recipients of this report. The risk of loss in trading forex, futures and options can be substantial. Each investor must consider whether this is a suitable investment.

Friday, 22 February 2013

US Treasury: Yields Can Rise Further

 A moderate optimism is taking hold in the US, despite a few challenges at home and abroad.  US 10-year Treasury yields may reach 2.50% this year, while the US Dollar Index can decline to 77.00 on the futures contract.

Tuesday, 12 February 2013

Precious Metals: Platinum is overbought and could decline

platinum, precious metals, futures trading
 
A decline of platinum to 1640/1600 is possible short-term. The precious metal is leaning against the resistance line of the past twelve years. There is a divergence between the price of platinum and the RSI indicator on the daily and weekly charts. Accordingly to the Commitment of Traders report (COT),  futures funds have accumulated almost 55,000 contracts of the precious metal. It represents the highest level ever recorded. At the contrary, short platinum positions are at the lowest level.

The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed, neither the information presented nor any opinion expressed constitute a solicitation of the purchase or sale of any forex, futures or commodity product. Those individuals acting on this information are responsible for their own actions. Forex, futures and commodity trading may not be suitable for all recipients of this report. The risk of loss in trading forex, futures and options can be substantial. Each investor must consider whether this is a suitable investment. All recommendations are subject to change at any time. Past performance is not a guarantee of future results.

Friday, 8 February 2013

Is the EUR/USD Correcting to 1.3280 or to 1.3130?

 
The Federal Reserve is providing more liquidity to the economic system, while European banks are already returning money to the ECB. The EUR/USD could reach 1.3280 in the short-term, but it should target 1.38/1.42 by the end of this year.

Saturday, 2 February 2013

EUR/USD Targets Key Resistance Line


Germany is pulling again and Europe will soon leave recession behind, while the US economy should continue to grow moderately. The EUR/USD exchange rate is reaching the important resistance line of 1.3820; the next target is 1.44.