Market Commentary March 21st 2011
Forex Market Commentary— Market continues a dramatic 60% to 140% rebound after last weeks volatile sell off on all JPY currency pairs and other correlated pairs. In most cases a Zig-Zag correctional...
View ArticleMarket Commentary March 22nd 2011
Forex Market Commentary — Low volume price action continues to consolidate nearing the end of a wave 5 of a C in what appears to be a wave 4 in most of the JPY pairs and their correlated currency...
View ArticleForex Market Commentary March 25th 2011
Forex Market Commentary—EUR/USD, GBP/USD and correlated pairs continue in the general up-trend opposite the USD/CHF and and USD/CAD, all of which are momentarily consolidating. All JPY pairs continue...
View ArticleForex Market Commentary March 29th 2011
Forex Market Commentary—Last weeks rebound on all of the JPY currency pairs continues to find new highs. The AUD/JPY has risen above the confirmation point that disqualifies what was thought to be a...
View ArticleForex Market Commentary March 30th 2011
EUR/UAD is consolidating in a small sub-wave 4, but should see its wave 5 before reversal to the next higher degree wave 4 or reversal. GBP/USD has already pulled back to new lows and continues to show...
View ArticleForex Market Commentary March 31st 2011
All JPY currency pairs are driving higher, many above previous confirmation highs. Long positions are in order with the expectation of tempory wave 4 pauses coming soon. EUR pairs are still...
View ArticleGeithner says exchange rates key to global monetary problems
Source: http://www.reuters.com/article/2011/03/31/g20-geithner-china-idUSBGNVEE70120110331 NANJING, China, March 31 – Inconsistency in exchange rate policies is the most important problem in the...
View ArticleForex Market Commentary April 01st 2011
Forex Market Commentary—Most currency pairs are in a C wave correction, but with an anticipated reversal with their general trend coming soon. The GBP/USD may already have begun a five wave sequence...
View ArticleYen Falls a Seventh Day Before Reports on U.S. Jobs, French Manufacturing
Source: http://www.bloomberg.com/news/2011-03-31/yen-falls-a-seventh-day-before-reports-on-u-s-jobs-french-manufacturing.html By Masaki Kondo and Ron Harui – Apr 1, 2011 11:16 AM GMT+0800 Fri Apr 01...
View ArticleForex Market Commentary April 06th 2011
Forex market Commentary—The market appears, generally, that it is still in the B wave of the consolidation spoken of yesterday. ait appears to be continuing with the general trend, but be aware that...
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FOREX-Euro slips from recent peaks before ECB, yen off lows
Source: http://www.reuters.com/article/2011/04/07/markets-forex-idUSL3E7F70PV20110407 By Natsuko Waki TOKYO, April 7 – The euro slipped from an 11-month high against the yen and 14-month peak versus...
View ArticleCanadian Dollar Appreciates as Crude Oil Price Increases to 30-Month High
Source: http://www.bloomberg.com/news/2011-04-07/canadian-dollar-strengthens-as-rising-crude-oil-and-gold-fuel-added-demand.html By Alexandra Harris – Apr 8, 2011 5:07 AM GMT+0800 Thu Apr 07 21:07:16...
View ArticleDollar, euro hit session lows vs yen on fresh quake
Source: http://www.reuters.com/article/2011/04/11/markets-forex-yen-idUSLDE73A0NK20110411 LONDON, April 11 | Mon Apr 11, 2011 4:29am EDT LONDON, April 11 – The dollar and the euro hit session lows...
View ArticleForex Market Commentary April 20th 2011
Forex Market Commentary—Almost all currency pairs are in a wave C of a 4 or a wave 3 of a wave 5 reversal. Even the EUR/USD and the USD/CHF have taken a temporary positive correlation to each other in...
View ArticleGold hits record highs on weak dollar
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo. Credit: Reuters/Bobby Yip SINGAPORE | Sun Apr 24, 2011 8:00pm EDT...
View ArticleForex Market Commentary April 27th 2011
Forex Market Commentary—All JPY currency pairs are still on their wave 5 upward, seen best on the 4 hour time frame. EUR/USD and GBP/USD along with most other currency pairs have had a new break out to...
View ArticleGold edges up on high oil prices, euro strength
Source: http://www.reuters.com/article/2011/04/04/us-markets-precious-idUSTRE72C3Z120110404 SINGAPORE | Sun Apr 3, 2011 10:57pm EDT SINGAPORE – Spot gold edged up on Monday, as higher oil prices amid...
View ArticleForex Market Commentary April 05th 2011
Forex Market Commentary—Entire Market is consolidating in sub-wave 4 patterns, withe exception of the CHF/JPY which is lagging a bit, but should start its correction soon. At the completion of a full...
View ArticleForex Market Commentary April 12th 2011
Forex Market Commentary—The market is temporarily in what appears to be a C wave on most currency pairs. The question is how deep or whether or not this is actually a reversal for some pairs. reversal...
View ArticleForex Market Commentary April 13th 2011
Forex Market Commentary—Diverging from the GBP/USD which sold off, the EUR/USD rose overnight to surpass its recent high in an appearant sub-wave 5 of a wave 3 of a 3. There should be a higher degree...
View ArticleForex Market Commentary April 14th 2011
Forex Market Commentary—All currency pairs appear to be in a type of a wave B of a sub-wave 4 correction. Volume is lower along with trading probability. Wait for confirmations of the Wave B rise or...
View ArticleForex Market Commentary April 19th 2011
Forex Market Commentary—USD/CHF rises in a consolidation C wave of a wave 4 opposite most other currency pairs which are selling off to their C and/or A wave targets. Watch the 4 hour time frame for a...
View ArticleForex Market Commentary April 26th 2011
Forex Market Commentary—All JPY currency pairs are still on their wave 5 up-ward, seen best on the 4 hour time frame. EUR/USD and GBP/USD along with most other currency pairs are in a bit of a limbo...
View ArticleDollar depressed, stocks cheer easy Fed
Source: http://www.reuters.com/article/2011/04/28/us-markets-global-idUSTRE71H0EB20110428 SYDNEY | Thu Apr 28, 2011 12:18am EDT SYDNEY – The dollar slumped to three-year lows on Thursday, pushing U.S....
View ArticleForex Market Commentary April 29th 2011
Forex Market Commentary—many currency pairs seem to be in a similar wave 4 consolidation, but should continue their general trends soon, perhaps today.
View ArticleForex Market Commentary May 03rd 2011
Forex Market Commentary—There is a common consolidation among most currency pairs waiting for a confirmation above previous highs for a wave 5 of to break below previous lows for a wave 3 of a wave C....
View ArticleForex Market Commentary May 04th 2011
Forex Market Commentary—Caution was wise yesterday as the GBP/USD broke new lows and sold off in a dramatic drive to almost 100% of its prior wave 3, causing one to question whether or not that...
View ArticleForex Market Commentary May 05th 2011
Forex Market Commentary—We are now in the wave 4 following the wave 3 that was spoken of in yesterday’s Market Commentary. Now the challenge will be to determine the depth of the wave C of this wave 4...
View ArticleForex Market Commentary May 06th 2011
Forex Market Commentary— JPY cross currency have been selling off in wave 5 of C in an a,b,c pattern through the Frankfurt and London sessions and are ready for the wave 4 of the 3 a C. USD/CHF...
View ArticleEuro zone debt dominates, commodities rebound
By Jeremy Gaunt, European Investment Correspondent LONDON | Mon May 9, 2011 4:34am EDT Concern about plans for a fundamental review of the bailouts given to Europe’s high debtors dominated debt markets...
View ArticleForex Market Commentary May 10th 2011
Forex Market Commentary—After significant correctional sell offs on most currency pairs, the Market tis in a small limbo waiting for breaks above and below previous highs and lows before trade...
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Foreign Currency Exchanges
The global exchange market for trading currencies is one that features over-the-counter trading in a decentralized system. This market is what sets value on different currencies. Currencies around the...
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