Hi there fellow traders! Herewith is my daily video recap for November 18, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room . http://www.youtube.com/watch?v=zBDKR3T6Dlc To learn more about the Live Trading Room , please click here .
Tue, 18th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD was corrected higher yesterday.
Mon, 17th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook After corrected higher on Thursday, the EURUSD continued it’s bearish scenario on Friday. The pair bottomed at 1.2571 and closed at 1.2605 . The bias is still on the downside, with 1.2333 as the target.
The trouble with growing polarity in global politics is that nothing substantial comes out until crises become either worse or things are too late. The G20 meetings over the weekend may be hailed for its inclusion of the leading developing economies but came up short of specifics and substance merely calling for ‘broader policy response’ and coordination of monetary and fiscal action between the countries. For the markets the lack of strong leadership to push through binding commitments means continued uncertainty which suggests a risk averse gapping open in Asia that will favor the Yen and the dollar
Hi there fellow traders! Herewith is my daily video recap for November 14, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room .
Fri, 14th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook Yesterday the CCI bullish divergence gave us a valid warning. The pair was corrected higher, topped at 1.2857 and closed at 1.2787
After crisscrossing the waterline through most of the trading day US equity markets finally saw a late surge in the final hour of trading though this after flirting with multi-year lows in intraday action. Interestingly enough volume was up suggesting some leg to the move but before people get too excited some things have to be pointed out, the sharp intraday drop flirting with multiyear lows made for a classic short squeeze and it would take more days of such strength to convince that a bottom has been made
by Johan Kriek (jkriek@fxinstructor.com) Key Notes: - Paulson changes $700bln bailout plan to prop up consumer credit, equities sell off again - GBP record low vs USD etc and violates 25yr rising wedge - Dovish King signals more rate cuts in December Probability Studies: Bearish probability but unfortunately a no trade zone as the 1 hour stoch is bullish.
Thu, 13th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD attempted to pushed higher yesterday. The pair topped at 1.2631 but further upside correction was rejected as the pair whipsawed to the downside, hit the bottom at 1.2436 and closed at 1.2454 .
One thing investors do not like to see is the unexpected, particularly changes in the plan in the middle of the ball game and while Treasury Sec. Snow may be right to change directions for what’s left of the TARP funds investors voted with their money seeing US equity indices in another sharp crash
