Tags:
Forex Trading Home | Contact Us | Terms of Use | Sitemap | Privacy Policy
Copyright © 2010 My Forex Partners. All Rights Reserved.
Forex Trading Home | Contact Us | Terms of Use | Sitemap | Privacy Policy
Copyright © 2010 My Forex Partners. All Rights Reserved.
I am very disappointed that the number of postings on this site has reduced. As a team we must support Andrew Spanton because of what he has contributed to all of us over the years. He is dedicated to help you the forex trader make money. He may not always be correct but he is right at least 80% of the time. He has unique strategies that can help YOU. I again encourage all of you to post questions on this site. Andrew wants to help you in forex — just ask . He is a great man.
Best wishes
I would like to thank all of you for your insightful comments on this site. Through these comments you educate the total forex team. I think that Andrew has been fantastic to all of us. He is a true leader. Please continue your comments but I would ask that also pose questions to Andrew to incease the interactive nature of this site and.Good luck trading today.
Trichet signals one as opposed to a few increases and only waving inflation flag a little bit today. After fed statement session may be possibly short volatility spikes as everyone will be watching Euro 2008 semi final in Europe as traders love sports.
Chart techs on pairs today wednesday look like US dollar weakness. Commods and oil still high. Gold levels are key certainly. Will find out today how much Helicopter Ben is an inflation fighter or someone who unlike Paulsen is serious to back US dollar for down the road growth. Think Ben is in a bind. M2 and old M3 (where you can comb the Fed data) have slowed from March so the superpumping of the Fed/ECB printing press has eased a lot last two months compared to last few years. BofE rate hikes?
I would like you all to please comment on this video. If you have any technical questions on what you have heard on the video please place them here and Andrew will be pleased to answer you daily. Look for further education, chart analysis and weekly updates coming soon. You can also catch Andrew on global fx radio. Andrew’s team is dedicated to forex and would be pleased to bring you into the team. Good luck trading today.
The Euro has fallen quite a bit after the IFO data came out worse than expected,
It now seems that 1.5635-55 might be toppish for the next two-three days. On the donwside, a fall below 1.55 could take the Euro down towards 1.54. Dollar/yen is back to 108, interesting..:-)
Nice little video u r the best Andrew
On what timeframe has the USD/JPY fail to rise above the 200 EMA?
The Euro has moved up today, reversing all of yesterday’s fall. It is now nearing intra-day Resistance at 1.5644. In Usd/jpy The market is taking the failure to rise past the 200-day MA pretty badly. Dollar-Yen is testing the first important Support of 107.35. If this is broken, a further fall towards 106.70, might well be seen. Lets see how the week ends.
Euro came off 90 pips from data around 4am est. Range trading looking like summer a bit. Think everyone and traders are waiting to watch big match and see Germans lose, we shall see.
We saw Cable leap to a 9-day high after the disclosure that UK retail sales rose by a whopping 3.5% last month, to stand 8.1% higher on an annualized basis. GBP/CHF buying after the no change SNB rate verdict helped depress EUR/GBP. Usd/jpy massive selling which is so badly anticipated for many days is not yet seen even today. :)
Not much change from yesterday as we move in a tiny range. Hope to see some action in NY session.
Greetings to the entire forex team. I would like to remind all of you to please comment on this site daily and send a copy of Andrew’s daily newsletter to 5 new people every day. After you do that then join us in “FREE FOREX RADIO ” in Paltalk for a real time analysis of the day’s trading activity. Andrew will be glad to answer all you questions either here You tube or in his daily radio program. Andrew is a fantastic person and is a great teacher. I wish all of you a profitable trading day.
Oil and comods still ruling their long term bull market phases. Euro back to techs/fundamentals as Irish will get sweetners for voting again; what a candy store/sweet shop Brussels is! Euro as Psycho says proned to test sups again. Who is the better inflation fighter; JC or Ben? DlrYen on borrowed time for techs. Loonie to test lows. Will watch Italy v France rather then trade for awhile and cheer for Romania to upset apple cart.
The Euro has dipped a little during the day, but remains above 1.5460 so far. It it manages to remain above 1.5460 through the rest of the day, it could well move up towards 1.5565 or even 1.5600. To be careful, a fall below 1.5460 (if seen) could push the Euro down towards 1.5400. GBP has been thumped badly. Choppy day elsewhere and hopefully NY brings some direction. :)
I trust you all had a profitable start to the week and have used Andrew’s support to make you money. Andrew is fantastic in his analysis — he delivers it with enthusiasm and is a great “people person.” I hope that you all appreciate him. With his daily newsletters, his weekly youtube videos amd his his daily radio programs you have all you need to do very well in Forex. If you want even more then join premium where Andrew gives you a whole other level of forex services. Have a good day team
We need more educational videos please
One point of view is that there is a possible Double Top on the Weekly Close chart. This suggests a possible reversal of/ serious threat to the multi-year Euro uptrend and could target 1.47 in the weeks ahead, if it works out. Before that, there is strong Support near 1.53-52, where there is a trend line Support on the Weekly Candles,
Another point of view is that it is still ranged between 1.5300-5845. For the day, the Euro has bounced from the morning low and trading at 1.5470.
Looks like the dollar took a hit overnight. Read a report that US banks were buying Euros. Wonder what that is all about.
look at eur jpy, gbp jpy and suck your triple roll down your throat. you have been a bear since 161 levels, and look where it is now.
Trust you all did well on Euro last 24 if not this week. Irish made Helicopter Ben’s job easier this week, something Paulsen could never accomplish. Fait accompli now you French politicians? Go back to the drawing board and make a level playing field in EU.Hands off ECB money printing press.
DlrYen correction ‘on the radar’. Oil comods softer today.Fireworks not over.
Sometimes among fundamentals and technicals, political concerns take over. Every EU currency including sterling has gotten hammered from close last 18 or 19 hours.This factor has been discussed and debated over the last little while in room. People that are astute have made a lot of money for it. Great article in FT from Vaclav Klaus as to why euro can’t work sometimes as a ‘one size fits all’ currency. J.K. Galbraith knew it would be tough. To all French politicians; suck it up! Vive liberte.
The Euro has tested 1.5395 during the day and has bounced slightly from there. However, that does not rule out chances of a dip towards 1.5365, the 05-June Low in the US session. That said, there are reasonable chances of a rally towards 1.5455-75, if not 1.5500-25, whether or not there is a further dip towards 1.5365. Cable has witnessed a collapse. However, a better than expected US Retail Sales could be the nail in the coffin for Cable.
US session and BERNANKE holds the key.
I hope you are all enjoying Andrew’s daily report. It is very professional and certainly very competitive to what Busch and Gartman produces. Please remember to forward this daily report to all your forex friends around the world. Please remember that Andrew is leaving for NY today on personal business so there will be no shows this afternoon or Friday but Andrew has told us he will still issue the daily report. Of this changes I am sure Andrew wil inform us at his 8am Thursday show. Best wishes
Wow, the Euro look like toast. 150 pips last nite, a break below 1.5375 spells doom, US Retail sales will give it a push one way or another. also BURURASSKE speaking @ 11.30 am
Double Top USD/JPY 4 hr chart