FreshPips.com / User / MarcB / Voted

Pick of the Day: USD/JPY

posted by MarcB 1235 days ago in USD, JPY, Technical made popular 1235 days ago

Greetings and Happy New Year! I'm back and it looks like currencies are back to their volatile ways. For my first trade of the year, I'm going short USD/JPY. Let's take a look at the fundamental and technical reasons why I think this pair may con

Discuss

Pick of the Day: EUR/USD

posted by MarcB 1257 days ago in USD, EUR, Technical made popular 1257 days ago

I took a hit last time I tried to short EUR/USD, so why not try it again? After the beating the US Dollar has taken on the anticipation to today's FOMC rate cut, I think it's time for me to buy back some Greenback.

Discuss

Fed Cuts Rates by 75 Basis pnts,But It May Not Help the Econ

posted by inflationcoming 1257 days ago in USD, Inflation made popular 1257 days ago

Japan, look out! The U.S. is planning to beat you in a race to the bottom. The probability of a 0% Fed rate just got more likely today.

Discuss

Canada’s Dollar Climbs as Crude Oil Rises

posted by MarcB 1263 days ago in USD, CAD, Oil

Canada’s currency strengthened against its U.S. counterpart as commodities such as crude oil gained and U.S. stock-index futures advanced.

Discuss

Yen Falls on Bets Government Rescues Will Boost Carry Trade

posted by MarcB 1263 days ago in USD, EUR, JPY

The yen fell versus the euro and the dollar as stocks gained and speculation rose that government efforts to cushion against the global economic slump will prompt investors to buy higher-yielding assets.

1 Comment

Short EUR/CHF

posted by MarcB 1265 days ago in EUR, CHF, Technical made popular 1265 days ago

Greetings! EUR/CHF is giving me another potential trade opportunity on the daily chart as the pair hits the 61% Fibonacci retracement level once again. Are sellers ready to jump back in once again?

Discuss

Goldman analysts: Credit crisis only halfway over

posted by MarcB 1265 days ago in USD, Fundamental, Sentiment made popular 1265 days ago

Back in April, Goldman Sachs CEO Lloyd Blankfein said that the credit crisis, if it were a football game, was "probably in the third or fourth quarter." Eight months later, Goldman analysts are saying the current credit cycle has only now reached

Discuss

USD/CAD - Massive Retreat from Triple-Tested 1.3000

posted by jameschen 1265 days ago in USD, CAD, Technical

As of early Monday morning in New York, price action on the USD/CAD daily chart has continued a substantial retreat from a precise triple-test of the 1.3000 resistance level. In the process, price has formed a textbook shooting star candle patter

Discuss

Short EUR/CHF Idea

posted by MarcB 1275 days ago in EUR, CHF, Technical made popular 1275 days ago

Got a "Turkey Day" special trade idea, one that wets the palettes of my longer term trading friends. EUR/CHF has seen a fantastic run higher after hitting lows around 1.43, but has the rally run out of steam and is the pair ready to reverse lower

Discuss

Pick of the Day: USD/JPY

posted by MarcB 1279 days ago in USD, JPY, Technical made popular 1279 days ago

Looks like we only have time for maybe one trade this week as we approach "Turkey Day" here in the US and USD/JPY may be a winner. Quite a few technical setups going on indicating we may see a reversal back to the downtrend. Let's take a look.

Discuss

EUR/GBP

posted by MarcB 1283 days ago in EUR, GBP, Technical made popular 1283 days ago

Technical long play idea on EUR/GBP

Discuss

Oil dips under $50 on fears of deep recession

posted by Sylvanna 1283 days ago in Oil, GDP made popular 1283 days ago

Oil prices plunged over $3 Thursday, briefly dipping below $50 a barrel as 16-year high U.S. unemployment figures and plummeting stock markets caused investors to price in lower crude demand.

Discuss