Added by Aadil (site owner) on November 16, 2009 at 7:47am —
Spot gold hit a record high above $1,126 an ounce on Monday when massive buying in U.S. gold futures boosted bullion's appeal, but the precious metal later fell from its peak as follow-through buying failed to materialise.
Investors maintained their appetite for gold as a hedge against currencies as the U.S. dollar drifted lower in Asia, extending falls from late last week.
Underlining views that a global economic imbalance is being reflected in the weakening dollar, the… Continue
Added by Aadil (site owner) on November 16, 2009 at 6:19am —
TOKYO (MarketWatch) -- Japanese gross domestic product for the July-September quarter rose much more than economists had expected, government data released Monday showed. GDP rose 4.8% in real terms on an annualized basis, compared to a consensus forecast of 2.2% by economists surveyed by Dow Jones Newswires. GDP rose 1.2% from the April-June quarter, compared with an expectation for 0.6% growth, boosted by the government's stimulus steps. The data showed that corporate capital investment rose… Continue
Added by Aadil (site owner) on November 16, 2009 at 6:16am —
TOKYO (MarketWatch) -- The euro gained more ground against the dollar in Asia Monday as signs of strong demand for commodities including gold added to hopes that the world's economy is recovering, prompting traders to buy high-risk currencies.
Meanwhile the release in the session of unexpectedly strong Japanese gross domestic product data for the third quarter had no clear impact on the currency markets, which were focused more on stock and commodities prices as well as coming U.S.… Continue
Added by Aadil (site owner) on November 16, 2009 at 6:12am —
TOKYO (MarketWatch) -- The dollar slipped Monday, a day after China's chief banking regulator criticized loose U.S. monetary policy as leading to increased speculation.
"The continuous depreciation in the dollar, and the U.S. government's indication that, in order to resume growth and maintain public confidence, it basically won't raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation," Liu Mingkang, chairman of the China Banking… Continue
Added by Aadil (site owner) on November 16, 2009 at 6:00am —
Weekly chart- Wedge formation, the range is getting narrower.
Daily chart - Please keep an eye on the gap fill level of $73.5......If we adhere to the theory that the EUR/USD trades in tandem with oil then we expect it to fall too if this gap is closed.…
Added by Aadil (site owner) on November 15, 2009 at 6:00pm —
which way will it break.??
Added by dentist 007 on November 15, 2009 at 10:33am —
dollar index bullish etf
price now at the bottom of the range
Added by dentist 007 on November 15, 2009 at 9:30am —
It is important to use multiple time frames in order to find the best support/resistance levels. Often what looks to be a bullish level on a smaller time frame may not necessarily be a bullish pattern on the larger time frame. The same theory holds true for moving averages on different time frames.
For example, the SPY below was putting in a bullish pattern on the 5 and 10 minute charts. However, IntheMoneyStocks.com traders identified the 200 moving average on the 60 minute chart as… Continue
Added by Bryan Leighton on November 14, 2009 at 7:09pm —
Based upon recent price action there are signs of exhaustion in the currency and equity markets as the 1.50 level in the EUR/USD and 1100 level in the S&P 500 appear to be insurmountable barriers. However with little U.S. economic data on the calendar this past week, traders had few reasons to press the dollar to new lows. Instead, most of the currency pairs consolidated with some profit taking seen on dollar short positions. Yet dollars bears have not given up as indicated by the lower… Continue
Added by Aadil (site owner) on November 13, 2009 at 9:53pm —
keep watching this trend line............I would wait for a negation of higher highs or a double top before opening up a short. This graph certainly looks bullish from a technical point of view as it is trading above its downward sloping trend line.…
Added by Aadil (site owner) on November 13, 2009 at 6:00pm —
Often many traders listen to what comes from one of the financial networks and they try and react after they hear a news report. Usually the news is already baked into the cake and the market is usually going to move contra to the news. Today the market had a negative Michigan sentiment report and many people became very bearish after the report. We instructed our traders to just pay attention to the U.S. Dollar as that is what the market is currently trading off of. Simply put the market is… Continue
Added by Bryan Leighton on November 13, 2009 at 5:46pm —
Added by Aadil (site owner) on November 13, 2009 at 5:30pm —
I posted this chart earlier and the trend line is holding perfectly
Technical Analysis Folks
Added by Aadil (site owner) on November 13, 2009 at 5:14pm —
Added by Aadil (site owner) on November 13, 2009 at 4:18pm —
Watch the 1772 .......if we breach it then very good support at 200 MA and Pivot S1 support at 1762
Added by Aadil (site owner) on November 13, 2009 at 3:10pm —
can we hold this double bottom or do we fail
Added by Aadil (site owner) on November 13, 2009 at 2:46pm —
Downward sloping trend line was resistance initially but now it has become support
Added by Aadil (site owner) on November 13, 2009 at 2:38pm —
The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the largest increase in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher.
Adding urgency to talks President Barack Obama will have with Chinese leaders in coming days, the monthly trade gap grew to $36.5 billion, from a slightly revised estimate of $30.8 billion in August, the Commerce Department said on Friday.
The monthly trade gap… Continue
Added by Aadil (site owner) on November 13, 2009 at 2:34pm —
we have a bear flag pattern on FTSE
Added by Aadil (site owner) on November 13, 2009 at 2:25pm —