1st on Forex

1st on Forex: For Your Trading Success by Jerry Furst, Director at Investors Education Network

Or subscribe via email:

Next webinar

Asian Session: Live Market Analysis
by Dr.S.Sivaraman
November 09, 05:00 GMT
Register for the webinar

FXstreet.com Weblogs

Links

Trick or Treat - Low Rates and Other Good Numbers?

Posted on October 31, 2008 at 5:44 in Fundamental Analysis, News: Scheduled and Breaking, Relevant Ramblings, Technical Analysis by Jerry Furst

By Jerry Furst - Sr Analyst

Investors Education Network

The Dollar - Gives and Takes

The past few days have seen the US Dollar give back a small portion of it’s historic rally - save the Yen… This despite factors that fundamentally - “in normal times” - should have hammered the greenback. The biggest factor being the FOMC dropping rates to 1%, and GDP coming in an anemic 0.3%.

Jumbo Jets and Jobs Anyone?

Durable Goods in September were reported to be a positive 0.8% with expectations running as low as -3%. This was primarily attributed to aircraft orders. With the Delta and Northwest merger approved by shareholders - there may be a few “pre-owned” birds along with some stewardesses on the market. Jobless claims came in at a steady - unchanged 479,000 on Thursday - only to hear that American Express and Motorola were going to lay off a pfat part of their payroll.

Costa Rican Telemarketing @ the Beach?

Joke of the Day: What do you get when you put some laid off Airline workers, cellphone makers, and wall street types together at the unemployment line talking about pensions and vacations? Send me your punch line. (I’m thinking Quentin Tarantino for some reason)

Technically Speaking - More Patterns I See

The Canadian Dollar Setting Up Again?

(Click to Enlarge Chart)

USD-CAD Symmetrical Triangle

appears to be setting up on the 60 minute chart as of 1:30am October 31. Fibonacci levels coincide with the potential price pattern targets at 1.2540 for the upside and 1.700 for the downside support level.

Look back at my previous posts from October 21 - 26 for a text book example of a triangle pattern completing quite nicely.

Live Webinar Monday - The Week Ahead - Free Registration
Click Here to Register for the Monday Nov 3 “1st on Forex” The Week Ahead Webinar - broadcast every Monday at 12 Noon EDT - on FX Street via Hotcomm.

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.

Tags: Canadian Loone, charting, currencies, Delta, FX, GDP, Interest Rates, layoffs, merger, Motorola, Northwest, Technical Analysis, trading, triangle pattern, unemployment, US Dollar, USD-CAD

Trackback URI | Comments RSS

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

1st on Forex

Subscribe

Categories

Archives

Recent Comments