Forex Trading Today
  • Home
  • Join our trading community
  • Back to FXstreet.com

Forex Trading Today

A Blog of Commentary and Ideas from an FXstreet Premium Member by Tim Salem (CVJ)

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Commentary
  • FXstreet Premium Thoughts
  • Live Webinars
  • Market Analysis
  • Trading Ideas
  • Uncategorized

Archives

Recent Comments

  • Ramon Huss on A Fond Farewell Everyone!
  • ed ponsi on A Fond Farewell Everyone!
  • Goncalo moreira on A Fond Farewell Everyone!
  • Raghee Horner on A Fond Farewell Everyone!
  • Tim Salem (CVJ) on Ranges of Accumulation Seen Moving Forward

Tags

accumulation appreciation AUD/JPY AUD/USD Cable channel consolidation continuation correction correlation crude crude oil currency Data dollar Dow England equity EUR/JPY EUR/USD euro Europe exchange Fibonacci formation GBP/JPY GBP/USD gold interest rate Japan oil pattern pound Price range resistance retracement Risk Aversion S&P 500 sentiment support USD/CAD USD/CHF USD/JPY Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

The Majors and Gold Surge…The Death of the Dollar?

Posted on March 18, 2009 at 21:22 in Commentary, Market Analysis by Tim Salem

 

Welcome to Thursday, Everyone!

( My apologies for no Updates yesterday!… Some ISP Cable ”Grid Upgrades” in my city… also… the FXstreet Blog Servers were down for some maintenance as well… )

 

We give the Dollar a deep pummeling across the board with the FOMC Decision and Statement, the BoJ Rhetoric, better-than-expected CPI, and even with atrocious Unemployment out of the U.K…. The Queen still took off in the English Channel… severely beating the Dollar in their “Marathon Swim Meets”!…   ;-)

The specifics of all of this will not be visited here… as all of you have surely been privy to the Data and the Rhetoric… so straight to the Captures and Analysis as we move forward!

“That’s right, CVJ!… You talk too much!… You remind us of the little schoolgirls and all of their gossip all day long!”… Blah Blah Blah… Get on with it, Man!”…  the CVJ Fan Club Guys say…

“I think you Boys need another “special Vacation”… in the FedEx Truck!”, I say… hee hee hee…   :-)

 

First up to the Window is EUR/USD… with a Daily and an Hourly View.

Our Fib Extensions Variants are straight on here… and provided a fine point of “Contact” and “Dynamic” Resistance.

Give the Captures a Click, as always… and Post-Time is 2:15 GMT.

 

 

 

 

 

 

 

Of course… we will revisit these Units as we move through the Asian Session… and into the European Session and the London Open!

:-)

 

 

 

 

Tags: Bank of Japan, Data, EUR/USD, Europe, federal reserve, fomc, GBP/USD, gold, United Kingdom, USD/JPY

4 Responses to “The Majors and Gold Surge…The Death of the Dollar?”

  1. on 19 Mar 2009 at 1:441saud

    are you sure we’ll be back to these levels again when the lodon session opens?

  2. on 19 Mar 2009 at 7:062larry & linda Olson

    i am getting into the swing of things here. i like it.

  3. on 20 Mar 2009 at 7:433Tim (CVJ)

    Greetings Saud, and thank you for your participation!

    No, and to clarify… those “Levels” were for the Medium to Near-Term… not 7-8 hours after the initial Post.

    With my own personal Longer-Term Views… I attempt to limit my ideas to “Areas” and “Levels” of congestion within Price Action in these particular cases.

    Sincerely,
    - Tim -

  4. on 20 Mar 2009 at 7:454Tim (CVJ)

    Greetings Larry and Linda, and thank you for your participation!

    I am pleased you are enjoying the Blog, and I hope it is providing some benefit to the both of you!

    Please feel free to comment and ask questions at any time!… you participation is always welcome!

    Sincerely,
    - Tim -

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.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.