Recent content by fxchi

Status of the USD Clearly the downtrend in the USD has continued over the last several trading sessions. Major economic news will be released this week, starting with ISM non-manufacturing Tuesday and followed by ECB interest rate statement Thursday… and, of course, non farm payrolls on...

Trend Trading The USD During the last few trading sessions, there have been no indication to initiate a short position into the face of a strong trend. As stated yesterday, buy the dips until you are proven wrong. Mathematically speaking, you odds are best if you stay with the movement in a...

Bernanke's Comments Bernanke’s Comments. Fed Chairman Bernanke speaks on Tuesday at 12:30 EST. Over the last few days, the downturn in the USD has received a tremendous amount of press and hype. This week is loaded with important economic releases and traders will look for any indication as...

Bad News for The Dollar It would appear that the general consensus on the USD is the perfect storm to the downside; All three major factors and across all possible timeframes. 1.) Supply and Demand: Clearly there are simply more sellers than buyers 2.) Technical Analysis: USD breaks all major...

USD Weakens Ahead of Inflationary Releases The USD weakened on the broader market throughout all of last week. We are at major support levels in the USD against all majors. The GBP/USD is already through all major resistance and continuing higher. The EUR/USD is approaching major resistance...

Trading The USD After weakness during the European session, the USD gained plenty of ground back during the US session. It is clear that there are important levels to the upside and downside, through which volatility and volume will occur. It is important to determine short, intermediate, and...

A Rally in The USD? After a tough couple of weeks, the USD is showing some signs of strength. Good economic releases on Friday helped spark the rally. Everyone will be watching to see if the buyers are really back, or if it is just a good opportunity to put shorts on. The amount of pullback...

Ready For A Big Move The USD is setting up for a substantial move. After days of continued downtrend, we see a tight range consolidation. This is almost always the sign of high volatility to come. The obvious play is to get on board in whichever direction it breaksout/down from todays range...

The Week Ahead Mon, 30 Oct 2006 03:25:44 GMT by Richard Regan The week ahead. The USD finally hit some moderate support during the US session on Friday. The trend is definitely down, but now is not the time to blindly enter into a short position. Never put on a short just above support...

Indecisive Prices The slide in the USD continued today, but is now settling around areas of heavy consolidation. As stated yesterday, the continuation play of shorting the dollar if the majors breached support/resistance respectively was the play to make. At this point, entering into any new...

A Moderately Weaker Dollar The USD weakened today after the FOMC interest rate decision. No news was apparently bad news for the USD as it steadily moved down throughout the balance of the US session and even into the Asian session. Mid-way through the Asian session, all European/US majors...

All Eyes on the Fed All Eyes on the Fed Wed, 25 Oct 2006 04:03:53 GMT All eyes are on the FOMC interest rate decision expected Wednesday afternoon. Volume will be low until after the announcement. If you are planning on taking a position following the release, remember that the...

Consolidation in the dollar. Trading Commentary for October 17, 2006. The USD declined slightly in Monday trading. This decline could potentially be the healthy “digestion” I mentioned in the end of last week. But, the question all traders are asking is “Did the EUR/USD support at 1.2500...

Everyone loves the Dollar… Trading Commentary for Thursday, October 12, 2006. The USD gained ground today in all major currency pairs. A slight pullback in the early US session allowed for a tremendous buying opportunity as the USD expanded its rally following the FOMC minutes release at 2:00...