Forex Market Updates & Commentary |  |
- Cheer on the USA Olympic Team tonight at 7:30pm
- FXDD at New York Traders Expo Sunday-Tuesday
- The FXDD Midday Commentary is available for viewing.
- Bobbys Corner-Lunchbox-Feb.12.2010
- SNB reported to be buying EURCHF according to rumors but limited reaction.
- EURUSD pausing at 200 bar MA in choppy trade as London gets set to exit for the week.
- Volatile markets. GBPUSD squeezes above 100 hour MA at 1.5640. 1.5660 key above.
| Cheer on the USA Olympic Team tonight at 7:30pm Posted: 12 Feb 2010 01:46 PM PST
Be sure to cheer on the US Olympic Team tonight as the Vancouver 2010 Winter Olympics opening ceremonies kick off tonight at 7:30pm New York Time. |
| FXDD at New York Traders Expo Sunday-Tuesday Posted: 12 Feb 2010 01:31 PM PST FXDD will be at the New York Money Show Sunday to Tuesday, of this upcoming week, Feb 14th to 17th. Greg Michalowski and Jeff Baskin will both be speaking at the event and we invite you to stop by the FXDD booth and say hello. Greg Michalowski’s speaking schedule can be found here |
| The FXDD Midday Commentary is available for viewing. Posted: 12 Feb 2010 09:56 AM PST |
| Bobbys Corner-Lunchbox-Feb.12.2010 Posted: 12 Feb 2010 08:35 AM PST
FXDD will be at the NY Traders Expo at the Marriott Marquis Hotel-Times Square. The exhibit hall schedule is: FXDD speaking schedule is: We will be located in the cyber cafe on the 5Th floor. Booth 5511 The exhibit hall and FXDD speaking engagements are free events-just register at the front desk We look forward to seeing you there. |
| SNB reported to be buying EURCHF according to rumors but limited reaction. Posted: 12 Feb 2010 07:49 AM PST
Be aware. EURCHF has moved above the 100 and 200 hour MA at the 1.4663 and 1.4683 levels. Last week they did the same with much more dramatic results. The move here is quite muted suggesting the market is not all that effected by whatever action was taken. |
| EURUSD pausing at 200 bar MA in choppy trade as London gets set to exit for the week. Posted: 12 Feb 2010 07:33 AM PST
The EURUSD is also trading in a choppy fashion as the London close approaches. The 200 bar MA on the 5 minute chart is the 1.3632 level and the price has moved above but finding profit taking sellers. The Friday close always has the potential to lead to a move through but using the level as a key pivot is the best scenario. The market is at a crossroad. Below the support will be eyed at 1.3613 (midpoint of the days range) and the 1.3594 level where the 100 bar MA on the 5 minute chart is found. If the 1.3613 level holds support the short term traders may look to push the stops above. Be on alert. Risk is increased with the volatile action. |
| Volatile markets. GBPUSD squeezes above 100 hour MA at 1.5640. 1.5660 key above. Posted: 12 Feb 2010 07:15 AM PST
The GBPUSD squeezed above the 100 hour MA in choppy trading on its way to a high of 1.5678. The pair has since come back off and tests the 100 hour MA at the 1.5640 level again. A move above the 1.5660 level is needed to keep the bullish bias. The 1.5660 level has been a key “Remembered price” over the last few days. Conditions have gotten very choppy this mornig as Friday squaring and key technical levels get tested and broken. Risk is therefore increased. Look for suppport at 1.5640 but need a break above 1.5660 to confirm upside momentum. A move back below 1.5640 will likely lead to further pressure as traders frustrations intensify. |
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