Markets Consolidate in Tight Range
The forex markets are basically staying in tight range in early US session. Rally in dollar and yen lost some steam after European stock markets recover some of the earlier losses. US stocks are mixed at open as market digests yesterday's losses.
Where Does Oil Go from Here?
As oil prices top $125 and take other energy prices higher, where do oil prices go from here? Crude oil appears to be overbought in the short term but sentiment doesn’t seem to be at a bullish extreme, indicating that there may be more upside in
Why Isn't the EUR/USD Rallying?
Unlike the other major currencies, the EUR/USD has not joined in the rally today. For currency traders looking for an explanation, the answer is OIL.
Philly Fed Index Indicates Substantial Contraction In Octobe
Thursday morning, the Federal Reserve Bank of Philadelphia released its report on manufacturing activity in the mid-Atlantic region in the month of October, showing that activity contracted at a much faster than expected pace.
Free webinar with Rob Booker - October 21
Rob Booker will be presenting on Trading Post's TP Tuesday series of free webinars on October 21st.Other featured speakers include Lewis Evans of Left Brain Trading, Marius Alexe of PhinCorp Capital Markets, and Colin Cieszynski of CMC Market
Chart of the Day - 10/16/2008 - EUR/JPY
After dropping consistently and rapidly over the past two months with only one significant pullback, price action on the EUR/JPY daily chart, as shown, has just pulled back once again only a couple of days ago
Euro Back Below $1.34 As US Stocks Decline
An early morning bump in risk appetite, which helped the euro advance against the dollar and yen, has reversed as markets digest the bad data with the good.
Swiss Franc Rises Versus Sterling And Euro
The Swiss franc posted mixed results versus its major counterparts on Thursday in New York, including hitting a multi-month low versus the greenback and climbing to a weekly high against the euro. Traders pondered the Swiss government unveiling i
Yen May Extend Decline After Stock Rally Encourages Carry Tr
The yen may extend its decline against the euro and the dollar after a rally in stocks encouraged investors to buy higher-yielding assets funded by low-cost loans in Japan.
Consumer-level inflation's tame in April, U.S. says
Growth in consumer prices came in below expectations for April even as food prices rose at the sharpest rate in 18 years, a government report showed Wednesday.
How'd We Get Into This Mess?
The question I am asked the most lately is, “How on Earth did we get into this mess in the first place?” The answer, plain and simple, is greed. I have stated numerous times that markets worldwide and throughout the centuries are dominated by ind
Forex Top 3 Chart Setups: EUR/USD, and Everything Aussie
Top Chart Setup #1: EUR/USD Channel Chop ChopTop Chart Setup #2: Double Pop Top Stop
Top Chart Setup #3: Aussie Reversal Maybe


