http://goldforex.forumco.com/Gold Forexhttp://goldforex.forumco.com/rss.gifhttp://www.goldforex.org/http://goldforex.forumco.com/rss.gif8637futuretrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=167310Sat, 21 Nov 2009 04:26:24 +0100Futures Analysis from FuturesHound.com

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break.

The trend may turn down on the daily chart, but the weekly charts still indicate that the main uptrend is still intact. A break though 1026.00 will turn the main trend down on the S&P weekly chart. The current pattern suggests that a break to 1069.00 is likely this week. A trade through 1650.25 will turn the NASDAQ contract lower on the weekly chart. The current set up points toward a test of 1732.00.

Despite the lower equity markets, Treasury Bonds couldn’t hold on to earlier gains and fell on profit-taking. Bernanke gave the green light for Treasury traders to continue to get long as he cited a weak economic picture as the main reason for the Fed to keep pressure on interest rates. Money leaving the equity markets and seeking safety also gave December T-Bonds and T-Notes support.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading 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 should not invest money that you cannot afford to lose.


]]>forextrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=167210Sat, 21 Nov 2009 04:25:33 +0100Forex Analysis from ForexHound.com

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up.

The low for the week for the Dollar was posted shortly after Fed Chairman Bernanke mentioned his concern for the Dollar in a speech. Although he never said the Dollar was too weak, he did say that the Fed would monitor its value to make sure that it did not interfere with its mandate to shore up employment and maintain price stability.

At first this statement seemed like the similar lip-service the Treasury usually produces when asked about the Dollar. Traders definitely reacted this way when they sent the Dollar lower and stocks higher. The next day, however, European Central Bank President Trichet stated he agreed with Bernanke then proceeded to talk up the Dollar. In my opinion, it was the statement by Trichet which had the most impact on the Dollar as it put an end to the rally in the Euro.

Read full article at ForexHound.com as well more Forex Trading articles including http://www.forexhound.com/Technicals.cfm" target="_blank">Forex Technical Analysis and Forex Education

Disclaimer: Trading foreign exchange on the 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 should not invest money that you cannot afford to lose.



]]>futuretrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=167110Fri, 20 Nov 2009 03:11:58 +0100Futures Analysis from FuturesHound.com

U.S. equity markets followed the lead of lower Asian and European markets today and sold off sharply from the get-go. U.S. investors are concerned that the weak condition of the economy cannot support stock prices at such lofty levels. Some investors say that the current break is setting up another buying opportunity. The bears will be watching Friday’s close for indications of a reversal top. This could lead to the start of a 2 to 3 week correction. Some bulls fear that end-of-the-year liquidation may be taking place early.

Treasury futures rallied today as money left higher risk assets for the safety of the lower-yielding T-Bonds and T-Notes. This money movement helped drive yields lower. Both bonds and notes have been finding support lately on the thought that a weaker economy will force the Fed to leave interest rates low.

The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading 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 should not invest money that you cannot afford to lose.


]]>forextrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=167010Fri, 20 Nov 2009 03:11:17 +0100Forex Analysis from ForexHound.com

The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.

The EUR USD traded sharply lower early in the trading session but managed to erase more than half of the loss by the close. Traders have been sensitive to recent comments from European Central Bank President Trichet who tried to talk up the Dollar.
From a technical perspective, the Euro is range bound between 1.4625 - 1.5049. The mid-point of this range at 1.4865 is becoming short-term support. A close below this figure will be a sign of weakness. Regaining 1.5000 on a closing basis will be a bullish sign.

GBP USD traders largely ignored friendly October retail data and pressured the British Pound most of the day. Investors are still trying to sort out the meaning of the split vote between Bank of England members regarding its quantitative easing plan. Some say there is mixed interpretation of the economy while others feel that this is a sign the BoE may begin easing up on its asset-buyback program. Either scenario is making British Pound traders uncomfortable holding long positions. Technically, the recent strong rise was a little too much for the market to handle. The current overbought condition could trigger a retracement all the back to 1.6292 before serious buyers re-emerge. Credit issues are beginning to crop up again which could make long traders nervous.

Read full article at ForexHound.com as well more Forex Trading articles including http://www.forexhound.com/Technicals.cfm" target="_blank">Forex Technical Analysis and Forex Education

Disclaimer: Trading foreign exchange on the 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 should not invest money that you cannot afford to lose.



]]>futuretrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166910Wed, 18 Nov 2009 21:56:30 +0100Futures Analysis from FuturesHound.com


Despite the weakness in the Dollar today, U.S. Equity markets could not get on track for a rally because of a bad housing starts report. This morning’s decline in U.S. Housing Starts capped gains throughout the day although the markets were able to eke out a slightly better close. Traders are beginning to question stock valuations given the current weak state of the economy.

Treasury futures traded lower throughout the session despite the weak housing starts report. Today the U.S. also reported that the Core CPI rose. This report was most likely the cause of the break as it served as a reminder that inflation was still out there. Technically, today's closing price reversal indicates overbought conditions and could trigger the start of a 2 to 3 day break.

This weaker than expected housing starts report kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading 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 should not invest money that you cannot afford to lose.



]]>forextrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166810Wed, 18 Nov 2009 21:55:39 +0100Forex Analysis from ForexHound.com


The EUR USD posted a sizable gain. Tuesday's supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide today. Matters weren’t helped after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher. If upside momentum continues at the current pace, we could see a test of 1.5063 tomorrow.

The GBP USD traded lower on Wednesday. This was triggered by a negative reaction to the Bank of England minutes and overbought technical conditions. Traders reacted to the news from the BoE minutes that the vote was split regarding the recent expansion of the central bank’s quantitative easing program. The initial reaction to the split vote was positive as it suggested the bank would not expand further. The market, however, broke after a follow-through rally failed. Traders looked for the safety throughout the New York session while they sorted out the data from the minutes report.

The U.S. reported an unexpected drop in Housing Starts. This bad news kept downside pressure on the equity markets throughout the trading session. The choppy trade in the U.S. Equity markets created see-saw movement in the currencies throughout the day. Traders didn't know whether to buy the dips in the Dollar in anticipation of a drop in equity markets or to sell more Dollars.

Read full article at ForexHound.com as well more Forex Trading articles including http://www.forexhound.com/Technicals.cfm" target="_blank">Forex Technical Analysis and Forex Education

Disclaimer: Trading foreign exchange on the 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 should not invest money that you cannot afford to lose.




]]>futuretrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166710Wed, 18 Nov 2009 03:08:54 +0100Futures Analysis from FuturesHound.com


Stock Index futures eked out a small gain in a choppy, two-sided traded. The stronger Dollar was the driving force behind much of the early selling pressure. The inability to break the Dollar in the afternoon triggered an intra-day short-covering rally in the equity markets into the close. Conditions are close to being overbought which could mean that a pull-back may be in the offing. Traders are also beginning to question whether the stock market is too far ahead of the economy given the recent bearish statements by Fed Chairman Bernanke.

Treasury markets posted a small gain today after spending much of the morning on the down side. Today’s rally was most likely a follow-through rally following yesterday’s strong surge to the upside. On Monday, Fed Chairman Bernanke reiterated the statement from the Fed FOMC committee which called for lower interest rates for a prolonged period of time.

The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading 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 should not invest money that you cannot afford to lose.





]]>forextrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166610Wed, 18 Nov 2009 03:07:54 +0100Forex Analysis from ForexHound.com


The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the Dollar. Technically, the Dollar is oversold on the daily chart. This is another reason for today’s up move.

The EUR USD closed lower after European Central Bank President Trichet talked up the Dollar during the overnight session. Once again it looks like the Euro having trouble with the $1.5000 area. The high for the year at 1.5063 in October has stopped all recent attempts to break this level. Traders seem fearful that the ECB may take stronger action other than verbal intervention to force the Euro lower.

The GBP USD closed lower after making a valid attempt to turn higher for the day. The uptrend has been strong in this currency lately as the bulls seem to have control over the market despite attempts by Bank of England Governor King recently to talk this currency lower. It looks as if traders are beginning to believe that the economy has bottomed and that the BoE is getting ready to reduce quantitative easing.

Read full article at ForexHound.com as well more Forex Trading articles including http://www.forexhound.com/Technicals.cfm" target="_blank">Forex Technical Analysis and Forex Education

Disclaimer: Trading foreign exchange on the 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 should not invest money that you cannot afford to lose.


]]>futuretrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166510Mon, 16 Nov 2009 18:42:55 +0100Futures Analysis from FuturesHound.com


Stock markets surged on Monday after the U.S. Dollar Index fell to a new low for the year. With the Dollar losing its appeal as a safe haven currency because of falling interest rates and deepening debt, investors have no choice but to sell the Dollar and seek better returns elsewhere.

Treasury markets rallied sharply higher after a downward revision in September Retail Sales. This news helped put in a bottom and generate a quick rally to the upside, but it was comments from Fed Chairman Bernanke that triggered a huge rally. He reiterated the Fed’s FOMC statement that interest rates would remain low for a “prolonged period”.

The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading 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 should not invest money that you cannot afford to lose.



]]>forextrends24http://goldforex.forumco.com/topic.asp?TOPIC_ID=166410Mon, 16 Nov 2009 18:40:01 +0100Forex Analysis from ForexHound.com

The U.S. Dollar finished lower against all-major currencies today. The down move was triggered by comments from highly ranking individuals including Fed Chairman Bernanke and a Chinese banking official.

Federal Reserve Chairman Bernanke said late Monday morning that the Fed is likely to keep interest rates exceptionally low for “an extended period.” These three words helped push the Dollar to a new low for the trading session. He also stated that he is aware of the value of the Dollar, but indicated it would not be an issue unless it interfered with the Fed’s mandate to shore up employment and maintain price stability. By not offering any support for the Dollar, he indicated that it was alright to continue lower. Bernanke comments surprised some traders because the position of the Dollar is the concern of the Treasury and not the Fed.

Overnight comments from an Asian-Pacific nation’s conference helped drive the Dollar lower. Earlier the group pledged to maintain stimulus until there were signs of “durable growth”. This served as a sign that liquidity in the global markets will continue until strong economic trends can develop. Excess liquidity reduces the Dollar’s allure as a safe haven currency and increased demand for higher yielding assets.

Read full article at ForexHound.com as well more Forex Trading articles including http://www.forexhound.com/Technicals.cfm" target="_blank">Forex Technical Analysis and Forex Education

Disclaimer: Trading foreign exchange on the 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 should not invest money that you cannot afford to lose.

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