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Showing posts with label USD dollar. Show all posts
Showing posts with label USD dollar. Show all posts
Tuesday, January 13, 2015
Sunday, August 24, 2014
NOT JUST FOREX: DJIA / DDM
The triple digit decline in July after coming from a gradual climb did touch its initial high @17151.38 as indicated on the chart figure below. While the pivotal price point from a 16333.78 low and reverses on the way higher have been the trigger for most investors to risk contrary to others calling a continuing decline since it broke the 16500 levels.
Meanwhile, the equivalent Pro-Shares Ultra DOW 30 was at a real good discount / spread levels @113.33 with the DJIA price. Likewise, the opposite occured prior to the decline when it was 17151.38 for the DJIA compared to the DDM @121.75. New highs would eventually form prior to the coming weeks ahead.
Meanwhile, the equivalent Pro-Shares Ultra DOW 30 was at a real good discount / spread levels @113.33 with the DJIA price. Likewise, the opposite occured prior to the decline when it was 17151.38 for the DJIA compared to the DDM @121.75. New highs would eventually form prior to the coming weeks ahead.
Thursday, July 31, 2014
DXY Achieves its Objective for now!
As of July 31, 2014 US Dollar Index DXY
81.50 Basis Point has been marked with a high @81.57 and a low @80.98
Thursday, April 3, 2014
Friday, March 21, 2014
Russian Business: Not a matter of who gets hurt more!
With the ongoing political rift between Russia, the US and European leaders; the direct impact for Russian billionaires and their respective businesses can only compound in the very near future. The market conditions have started to shave off several millions or billions of market valuations from the past month alone.
Russia's economy was already weak going into the crisis, a 1.3% expansion from last year would over-ride and writte-off including the forecast for a 2% growth for this year. The ruble has lost 9% versus the USD making imported products too expensive for an average Russian employee.
Vladimir Potanin (metals business), is worth around $14 billion, worries about additional sanctions while precious metals prices have dropped from post-FOMC statements. Although, most of the companies he owns and claimed that they are using "multiple currencies" to diversify risk. And not only does Putin considering to look at Asia, these Russian businesses may likewise also consider diversifying and looking at the same direction.
The foreign exchange market's diversified networks of banks in Asia may also be considered (done right) and an alternative route for them. Private companies with diverse orientation on the financial markets may best serve these purpose for some of those Russian businesses that does not have any serious or real current ties politically. This is an awkward position for most, where they have been put into a tighter spot with the call of President Putin to pay-up their respective taxes that can only help the Russian government and try to ease the impact of these sanctions in the very near future.
These tensions would be continuing and sad that other main street businesses and investors would be directly affected with uncertainty to top it all. A majority of these financially well-off businesses has to make their move sooner than later. Exploring a variety of financial engineering would be to their advantage even for the average Russian businessman, who simply has to take care of business for the family, which comes first. Everyone in main street looses in these kind of conditions.
Russia's economy was already weak going into the crisis, a 1.3% expansion from last year would over-ride and writte-off including the forecast for a 2% growth for this year. The ruble has lost 9% versus the USD making imported products too expensive for an average Russian employee.
Vladimir Potanin (metals business), is worth around $14 billion, worries about additional sanctions while precious metals prices have dropped from post-FOMC statements. Although, most of the companies he owns and claimed that they are using "multiple currencies" to diversify risk. And not only does Putin considering to look at Asia, these Russian businesses may likewise also consider diversifying and looking at the same direction.
The foreign exchange market's diversified networks of banks in Asia may also be considered (done right) and an alternative route for them. Private companies with diverse orientation on the financial markets may best serve these purpose for some of those Russian businesses that does not have any serious or real current ties politically. This is an awkward position for most, where they have been put into a tighter spot with the call of President Putin to pay-up their respective taxes that can only help the Russian government and try to ease the impact of these sanctions in the very near future.
These tensions would be continuing and sad that other main street businesses and investors would be directly affected with uncertainty to top it all. A majority of these financially well-off businesses has to make their move sooner than later. Exploring a variety of financial engineering would be to their advantage even for the average Russian businessman, who simply has to take care of business for the family, which comes first. Everyone in main street looses in these kind of conditions.
Sunday, February 2, 2014
Tug of Bar Cluster
The start of the year was positively influenced by the European dominated market sentiment while these shifted more towards a US Dollar dominated flow with FED Tapering having to end the month for a sustainable rally.
With the US Dollar index registering a full length recovery near its level of objective towards the 81.50 basis point.Correspondingly, the decline for the European majors have continued its secondary correction phase with wider swing declines as reflected with the Euro and Cable prices reaching a 1.3484 and 1.6415 low respectively. We did mention last Jan 07 on Cable, that this is part of their cyclical start of the year decline as a struggle between proper market positioning amongst commercials and institutional have been in the making. With barely a small portion of which would be accredited to speculators with variying degree of exisiting contracts.Click to continue.
With the US Dollar index registering a full length recovery near its level of objective towards the 81.50 basis point.Correspondingly, the decline for the European majors have continued its secondary correction phase with wider swing declines as reflected with the Euro and Cable prices reaching a 1.3484 and 1.6415 low respectively. We did mention last Jan 07 on Cable, that this is part of their cyclical start of the year decline as a struggle between proper market positioning amongst commercials and institutional have been in the making. With barely a small portion of which would be accredited to speculators with variying degree of exisiting contracts.Click to continue.
Friday, January 10, 2014
Cable Rally After Jobs Data! Euro Follows
A probable re-test above the 1.6580-1.6610 would be the next levels that we can see with enough volumes and momentum to push prices higher would be the best logical move. Wider price swings are expected with a drawback lower from these highs at the end of the North American trading session. Meanwhile, support price level is still intact with 1.6350 fairly just above Cable's trend-line support as indicated on the chart figure.
The overall trend is well defined contrary to the corrective phase decline from the past week has proven to be just short lived. There would be some probable corrective move in the making for Cable within a two week period which would be part and partial of its cyclical pattern for the month of January. This set-up would present itself when the motion of traders have exhausted their bullish market trend sentiments in the medium term.
Even with most traders on the EURUSD still caught short of the market from last weeks decline have now suffered a serious setback from the USD Index moving back down @80.60 to this writing. Again, we do expect wide market swings as we have likewise described with the Gold market. As the USDX has enough room to move lower within striking distance of the 80.05/10 support levels
Tuesday, November 12, 2013
CCy Insight & Price Behavior: USDJPY
Observing market action from the sideline has its benefits of being able to clearly see through the market's price volatility and investors market sentiments. The main market drivers can only be summarized into two segments, namely ECB Mario Draghi's rate cut decision and the much better than expected Non-Farm Payrolls report.
These two factors have contributed much of the market's price action where we have seen in the past, where a struggling battle between long and shorts positions before and after the data were released can be seen. Particularly with the USDJPY currency pair. With all said and done, price behavior from recent market squeeze and pricemovement, we have finally seen prices tamed with the USD continuing to dominate the overall trend moving higher from its previous key suppport levels identified @78.80 basis point. Especially so, when the DXY registered nearest to this support @78.93 basis point.
http://megatrade101.com/megatrade101/market-view
CCy Insight & Price Behavior: USDJPY
These two factors have contributed much of the market's price action where we have seen in the past, where a struggling battle between long and shorts positions before and after the data were released can be seen. Particularly with the USDJPY currency pair. With all said and done, price behavior from recent market squeeze and pricemovement, we have finally seen prices tamed with the USD continuing to dominate the overall trend moving higher from its previous key suppport levels identified @78.80 basis point. Especially so, when the DXY registered nearest to this support @78.93 basis point.
http://megatrade101.com/megatrade101/market-view
CCy Insight & Price Behavior: USDJPY
Friday, October 4, 2013
Price Action & Market Behavior: DXY GBP EUR JPY & Crosses
In our recent market vew analysis dated the 1st of October we have defined the heavier fundamental factors influencing the foreign exchange market. The price action and market behavior reaction to these issues surrounding the market were carefully studied before and after the fact.
The recent lower opening gap for the USD as measured by its DXY equivalent resulted with a slight corrective move and followed through with a decline reaching @79.62 basis point to this writing. And a similar reacton from the Euro after the ECB remarks have added to the USD decline that pushed the EURUSD @1.3630. The contrary move by Cable pushing back to 1.6160 have finally supported the EURGBP cross price reaction from its support slightly lower @0.8330 and is currently @0.8438 recovery price levels. The closing prices of the DXY and majors are critical as they would provide a glimpse of how the market would move in the weeks ahead. Especially a delay on the NFP report would spark a sudden unexpected move within the market contrary to its present sentiments.
Price Action & Market Behavior
Wednesday, September 18, 2013
Post-FOMC Dampens USD Bulls UPDATE: 9.18
In summary, the FOMC stance on delaying taper schedule has obviously pressured the USD which prompted the European majors including the Aussie Dollar to rally. Outperforming the rest of the currency class, major bulls USD traders and investors sentiments have been dampened by this report.
The USD Index traded to as low as 80.05 basis point where the 79.85 is in sight that could meet USD short-cover and market capitulation for most speculative positions holding short-Cable positions for some time now in particular. Although, price levels on the USD and the rest of the European majors are within their technical over-bought area. And expect daily session correction adjustments. But the relative strength of these majors like Cable is likewise supported by positive fundamentals from the UK sector.
Cable have registered a daily high after the FOMC report @1.6162, with the Euro steady @1.3540 with spill over market price sentiment in the Aisan opening session. With most traders more reluctant to take positions at these price levels leaving uncertainty for retail speculators to take to the sidelines and simply watch how the week's trading sessions would end either on a higher or corrective mode.
Post-FOMC dampens USD Bulls UPDATE: 9.18
Friday, September 13, 2013
CCY Insight: GBPJPY DXY GBP AUD 09.13
Market talk on Lawrence Summer's nomination initially gave a lift for the USD in the Asian trading session. Although, the market's main concern that has been the real market talk was the Fed's next move on its tapering schedule.
However, market price action has been at bay while Retail Sales and the University of Michigan report figures would affect current market sentiments. In the Asian and early European sessions, the USD index have opened slightly higher @81.60 that reached a daily high @81.73; and currently making its way down back to the 81.35 low. As we made mention that any price recovery would only be short-lived with the general negative bias sentiment for the USD remain in the market.
CCY INSIGHT 0913.13
However, market price action has been at bay while Retail Sales and the University of Michigan report figures would affect current market sentiments. In the Asian and early European sessions, the USD index have opened slightly higher @81.60 that reached a daily high @81.73; and currently making its way down back to the 81.35 low. As we made mention that any price recovery would only be short-lived with the general negative bias sentiment for the USD remain in the market.
CCY INSIGHT 0913.13
Thursday, September 12, 2013
USD Market Snap-shot 09.11
After a brief USD rally from a more positive jobless claims figure, price swings for the USD index again, declined to its current low of 81.40 basis point. A further decline is still expected especially whenever price momentum picks-up.
However the case maybe, a technical backdrop for today's candle-bar would be critical. as the 81.40 may hold for now. A typical price swing back lower to the 80.85/90 levels may soon be retested by tomorrow in the Asian or European sessions. Pay close attention to price pull-backs nearing each trading session towards the closing day. Although, negative sentiments for the USD remains solid thus far, but today's daily closing if and whenever prices remain at this current levels and flat until the closing hours, may well be considered a pause or to the extent of an exhaustion bar.
USD Market Snap-shot 09.11
However the case maybe, a technical backdrop for today's candle-bar would be critical. as the 81.40 may hold for now. A typical price swing back lower to the 80.85/90 levels may soon be retested by tomorrow in the Asian or European sessions. Pay close attention to price pull-backs nearing each trading session towards the closing day. Although, negative sentiments for the USD remains solid thus far, but today's daily closing if and whenever prices remain at this current levels and flat until the closing hours, may well be considered a pause or to the extent of an exhaustion bar.
USD Market Snap-shot 09.11
Monday, September 2, 2013
FOREX INSIGHT: EURGBP GBPJPY EURO CABLE & YEN
Taking a cue from the US market last week, the spill over effects of the US Dollar can be felt even at the opening levels of the Asian & Euroepan markets. In the absense of some US traders celebrating the Labor Day holiday have made the market susceptible to wide price swings even to this writing.
The main focus would still be the Syrian crisis and particularly the Non-farm Payrolls data within the week's trading. A more positive tone can be attributed to fresh incentives driving the USD Index higher working above the 82.05/10 basis point made mention in our most recent market view report. Aiming the next probable resistance @83.50bp would take some serious volume and momentum towards the week which may take some time to build-up. Daily corrective moves on a session-to-session turnovers between the three major markets can be expected.
Asian, European & US Sessions - FOREX INSIGHT
Wednesday, August 28, 2013
Market SRO: Majors & Crosses
USD YEN CHF GBPJPY EURGBP
with the recent rebound of the August US Consumer Confidence to 81.5 contrary to market expectations may probably signal to a better August NFP figure in the upcoming report.
This has been widely expected as the USD initial market price action for the US dollar index have recovered in today's trading sessions. Although, overshadowed by the overseas US reaction regarding the Syrian crisis both on the Oil and precious metals market have somehow capped and limited the USD Index advance to as high as 81.59 basis point
Market SRO: Majors & Crosses
with the recent rebound of the August US Consumer Confidence to 81.5 contrary to market expectations may probably signal to a better August NFP figure in the upcoming report.
This has been widely expected as the USD initial market price action for the US dollar index have recovered in today's trading sessions. Although, overshadowed by the overseas US reaction regarding the Syrian crisis both on the Oil and precious metals market have somehow capped and limited the USD Index advance to as high as 81.59 basis point
Market SRO: Majors & Crosses
Thursday, August 8, 2013
T-ANGLE: MAJORS & CROSSES -GBPUSD-GBPJPY-AUDUSD-EURUSD
After dissecting market reports from last week's trading activity & comparing price action based from our market perception, the end-result by making a market call for the USD debacle to continue its course lower have been confirmed.
The market perception then was a short-live corrective move higher which was suported with mix reports from the market place that registered a week's high @82.50 ending August 02, 2013. This was the result of the 2 day opening trading activity for August which overlap with the end of the week's trading for July as well.
MegaTrade101.com T-ANGLE: MAJORS & CROSSES
The market perception then was a short-live corrective move higher which was suported with mix reports from the market place that registered a week's high @82.50 ending August 02, 2013. This was the result of the 2 day opening trading activity for August which overlap with the end of the week's trading for July as well.
MegaTrade101.com T-ANGLE: MAJORS & CROSSES
Monday, July 22, 2013
Diversify: Trade Positions
On Gold & Equity
After a week of lackluster trading from the huge decline on the USD due to Bernanke's balancing remarks have been reflected in the FX market's ability to move in either directions. As most investors have likewise shifted money flow back to the equities and the precious metals markets.
With the Dow reaching beyond its historical highs @15589.40 have remained bullish supported with equity earnings at record levels after seeing the previous decline @14551.40 last June 24, 2013. And the recent decline of the USDx @80.60 on the week ending June 14, 2013. While, Gold registered its low @1180.19 the following week of June 23. This simple yet effective market scenario do occur, and when all the three major markets made their moves concurrently at the same time with a few interval difference on its time- frame. Surely, a lot of traders have noticed , except to simply overlook such indication of a price reversal can on be made thereafter. In essence, a major market reaction totally opposite was in the making.
Diversify: Trade Positions
After a week of lackluster trading from the huge decline on the USD due to Bernanke's balancing remarks have been reflected in the FX market's ability to move in either directions. As most investors have likewise shifted money flow back to the equities and the precious metals markets.
With the Dow reaching beyond its historical highs @15589.40 have remained bullish supported with equity earnings at record levels after seeing the previous decline @14551.40 last June 24, 2013. And the recent decline of the USDx @80.60 on the week ending June 14, 2013. While, Gold registered its low @1180.19 the following week of June 23. This simple yet effective market scenario do occur, and when all the three major markets made their moves concurrently at the same time with a few interval difference on its time- frame. Surely, a lot of traders have noticed , except to simply overlook such indication of a price reversal can on be made thereafter. In essence, a major market reaction totally opposite was in the making.
Diversify: Trade Positions
Monday, July 15, 2013
Market Analysis:
USD-AUD-EUR-GBP & Cross rates
Aside from the Consumer Price Index reports on both sides of the continent, the main focus would again be the testimony of Fed Chairman Bernanke Semi-Annual Policy Report and the G20 Finance Ministers & Central Bank Governors Meeting in Russia by the middle-to-end of the week's trading.
Clarifying statements on related monetary policy coming from these two major events would add a variety of market action and price swings that would reinforce or contradict exisitng market sentiments at this time. The overall sentiment weighing on market stability remains within this time-frame before culminating Friday's report from the central bankers meeting. Any daily price action in the market may tend to be not equally as important.
MegaTrade101.com - The Art of Trading the Foreign Exchange Market with Confidence - Market Analysis
Aside from the Consumer Price Index reports on both sides of the continent, the main focus would again be the testimony of Fed Chairman Bernanke Semi-Annual Policy Report and the G20 Finance Ministers & Central Bank Governors Meeting in Russia by the middle-to-end of the week's trading.
Clarifying statements on related monetary policy coming from these two major events would add a variety of market action and price swings that would reinforce or contradict exisitng market sentiments at this time. The overall sentiment weighing on market stability remains within this time-frame before culminating Friday's report from the central bankers meeting. Any daily price action in the market may tend to be not equally as important.
MegaTrade101.com - The Art of Trading the Foreign Exchange Market with Confidence - Market Analysis
Monday, July 1, 2013
Market Volatility Ahead
The start of the third (3) quarter trading for a Monday remained at an initial stand-still with no solid price action seen except for short-session rally with the EURGBP cross rate. The string of reports this week from both sides of the continent would create a market squeeze with the upcoming "Fourth of July" celebration this Thursday.
Although the market's ability to provide price action would provide a volatile thin market price swings due to the scheduled market reports, particularly the Bank of England & ECB rate decision on the 4th of July holiday, and US unemployment & Non-Farm payroll figures thereafter. Thus-keeping market checks on rapid price swings during a thinly traded market where major players would take advantage of the market conditons from retail investors.
We, remain firm from our recent market view analysis as of June 27-28 with the same price parameters and market strategy in-place for the remainder of the week. With some minor price adjustments by mid-week before taking off for the holiday schedule. Although, monitoring price action would be important even after thursday's report would certainly put some milder pressure on the US session. But then again, watch for early trading reactions from the Asian traders and market price action from the start of the European sessions by Wednesday.
Saturday, June 29, 2013
Thursday, June 27, 2013
FOREX Market Insight ll
The revised GDP figures of 1.8% have placed an initial cap for the USD rally at current market conditions. Although, mixed reports on the state of the slower than expected economic recovery have also created a gray cloud over the Fed's tapering schedule.
With jobless claim falling and a slight improvement on consumer spending have signaled waivering sentiments as to where the next direction for the USD would take place. But the commodity prices on the yellow metal continues to decline have so far been supportive of the USD in these current levels. These conditons may weary its strength in case fresh demand would perk-up Gold prices on its way up for a corrective recovery in the 1250.00 /oz level from a low @1180.00 Likewise, As a matter of due diligence, please refer to where the corresponding price level of the USD Index when Gold prices were at the same pivotal price @1200.00 to have a better understanding of the point spread between gold and USD prices.
With the end of the month and 2nd quarter trading position / price adjustments by major institutions; this would add to increase price volatility by the opening of the new month in July. Market behavior focuses on any possible change on the Fed monitoring slower growth as the revised decline on GDP had little impact on the current USD levels.
Click to continue
With jobless claim falling and a slight improvement on consumer spending have signaled waivering sentiments as to where the next direction for the USD would take place. But the commodity prices on the yellow metal continues to decline have so far been supportive of the USD in these current levels. These conditons may weary its strength in case fresh demand would perk-up Gold prices on its way up for a corrective recovery in the 1250.00 /oz level from a low @1180.00 Likewise, As a matter of due diligence, please refer to where the corresponding price level of the USD Index when Gold prices were at the same pivotal price @1200.00 to have a better understanding of the point spread between gold and USD prices.
With the end of the month and 2nd quarter trading position / price adjustments by major institutions; this would add to increase price volatility by the opening of the new month in July. Market behavior focuses on any possible change on the Fed monitoring slower growth as the revised decline on GDP had little impact on the current USD levels.
Click to continue
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