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Triangle Breakdown Leads to More Selling in Cable?

posted by fxhottie 13 days ago in USD, GBP, Technical made popular 13 days ago

Good afternoon Forex friends! While I missed the initial break of the descending triangle, today's pull back to the major support-turned-resistance level may be a new opportunity to jump in the downtrend? Who's with me?

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Does a Trendline Break Mean a Further Move Lower for Cable?

posted by fxhottie 19 days ago in USD, GBP, Technical made popular 19 days ago

Good afternoon Forex players! I see a purely technical play setup as Cable breaks a rising trendline. Does this mean sellers are taking control and ready to push the pair lower?

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USDJPY Continuing to Channel Lower?

posted by fxhottie 26 days ago in USD, JPY, Technical made popular 26 days ago

Good morning Forex friends! Well, it looks like slowing growth in China and the Fed's pessimism on growth has brought some volatility to the dog days of summer. Will this reaction in the markets bring another opportunity to short at the top of th

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FOMC - Keep the QE rolling!

posted by fxhottie 26 days ago in USD, Fundamental, Daily made popular 26 days ago

It looks like the Fed's a little worried over the outlook for the US economy. How does the Fed plan to respond to all this? Well you can bet they won't be sitting on their hands!

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Is the Aussie in Trouble?

posted by fxhottie 28 days ago in USD, AUD, Daily made popular 27 days ago

Once upon a time, the Aussie was the "it currency" of the market after its stellar economic performance launched it to stardom. Woot, woot! But with recent Australian reports printing bad figures one after another, could its ride up the charts co

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Swing Lower in Guppy?

posted by fxhottie 35 days ago in JPY, GBP, Technical made popular 35 days ago

I have a four hour chart up, and we can see that GBPJPY broke resistance last week and topped out around 137.50 before dropping back below previous resistance. The pair rallied strong to test 137.50, so the question of the day or week is, "will w

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Employment Down, Profits Up? What's Up?!

posted by fxhottie 39 days ago in USD, Daily, Employment made popular 39 days ago

Wall Street bosses are noddin' their heads like "Yeah" because the US corporate sector reported almost 1.8 trillion USD in earnings this quarter. That translates to a back-in-the-black 90% recovery of what they lost during the recession. Hmm, is

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US Housing Market on Shaky Ground?

posted by fxhottie 40 days ago in USD, Daily, Housing made popular 40 days ago

This week, both new home sales data and the S&P/Case-Shiller's house price index yielded better than expected results. Annualized sales of new homes rose from 267,000 in May to 330,000 in June, signaling that housing demand was improving.

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Is the EURUSD rally done?

posted by fxhottie 53 days ago in USD, EUR, Technical made popular 53 days ago

Good afternoon! The euro has enjoyed a nice rally against many of the majors, including the Greenback, but are fears of a slowdown in the second half of 2010 going to bring EURUSD back down?

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Pick of the Day: GBPUSD

posted by fxhottie 56 days ago in USD, GBP, Technical made popular 56 days ago

Good evening fellow FX fanatics and welcome to another week of trading! I have a trade idea for today as I look to play potential volatility from the upcoming UK CPI data...Check it out!

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U.K. Negative Credit Outlook, AAA Rating Are Affirmed by S&P

posted by fxhottie 56 days ago in GBP, Fundamental, GDP

Standard & Poor’s maintained its negative outlook on Britain’s top credit rating, saying its projections for the economy are less optimistic than those in last month’s emergency budget. The pound fell.

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The Art of Feeling the Market

posted by fxhottie 58 days ago in Weekly, Trading Psychology made popular 58 days ago

Have you ever felt in the zone, that you know exactly what the market is doing and what the appropriate response should be?

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