Commentary: It is clear that a triangle is unfolding in the USDCAD, but where does that fit in the larger pattern? Triangles occur as either 4th waves or B waves and the structure does not favor this as a 4th wave. However, if a big double zigzag is
Commentary: With the EURUSD potentially in for a period of weakness, we are focusing on the bearish count today. Under the bearish count, the decline from 2.1160-2.0522 is wave 1 in a 5 wave bear cycle. The rally from 2.0522-2.0844 is wave 2. The de
Euro Correcting In Small Wave 4 Japanese Yen Objective at 107.07 British Pound Could Start a 3rd Wave Lower Swiss Franc Same as Euro Canadian Dollar Double Zigzag Australian Dollar Bear Break Opportunity New Zealand Triangle as Wave B Commentary: We
Commentary: See yesterdays commentary for the description of the complex correction that may be unfolding. However, near term price action gives scope to a much more bearish development. With the rally from .8758-.8951 clearly in 3 waves, we must co
SINGAPORE (AP) -- Japan's trade minister said Wednesday that an exchange rate of 110 yen to the U.S. dollar is appropriate and that further declines in the dollar to 100 yen over the next year would be too rapid. "A yen exchange rate somewhere in the
Talking Points Japanese Yen: Drops below 109 as risk liquidation continues Pound: BoE Minutes vote as expected at 7-2 Euro: Back below 1.4800 as equities decline US Dollar: LEI and U of M on tap More worries about the deepening effects of the credit
SHANGHAI, China (AP) -- Chinese stocks fell Wednesday as renewed fears of possible measures to cool surging property prices prompted investors to sell real estate and bank shares. The benchmark Shanghai Composite Index fell 1.5 percent to 5,214.23 in
Looking back over the markets reaction to the last three retail sales reports from Canada, it is clear that there needs to be more at work than a mere surprise between the actual number and the official forecast to trade this event risk successful.
Click Link to Listen to our Evening DailyFX Radio PodCast: Key Points US Dollar sees little support from Canadian Retail Sales the clear highlight for tomorrow's forex calendar Learn how to trade the Canadian Retail Sales report with our To discuss
Euro On its Way to 1.50 British Pound Rallying Ahead of Bank of England Minutes Expect More Dollar Weakness The US dollar has fallen to new record lows against the Euro and Swiss Franc, leading many traders to wonder how much longer this weakness ca
The release of the FOMC minutes caused significant volatility in the equity markets. The Dow was down 100 points shortly after the release and then rallied up 100 points 20 minutes before the market close before finally settling up only 50 points. Un
The Australian, New Zealand and Canadian dollars are sharply higher today. Even though the moves are respectable, they represent mere retracements within the recent downtrend. Commodity prices are sharply higher with oil hitting a new record high. Th
The UK is one of the few countries releasing economic data that has the potential to move markets tomorrow. We are expecting the minutes from the latest monetary policy meeting which typically causes sharp volatility in the British pound. However the
CADJPY CHFJPY NZDJPY Commentary The near term pattern in the CADJPY is not all that clear from an EW perspective but the series of lower highs since the 11/7 high at 125.55 is bearish. We have long favored the idea that the CADJPY was forming a sign
·Dollar Falls Versus Yen
·Dollar - Will Housing Contin
·Japanese Shares Fall
·Ahead of the Bell: Aging Air
·US Dollar Mixed, Gold Steady
·Treasury Prices Get Late-Ses
·FOREX News: Australian Infla
·Money Market Funds Get Fresh
·Coca-Cola Enterprises profit
·Kennametal 1st-Quarter Profi
·Canada Minister: Shrink Pric
·Moody's 3Q Earnings Fall 13
·Dollar - Will Housing Contin
·Japanese Shares Fall
·Ahead of the Bell: Aging Air
·US Dollar Mixed, Gold Steady
·Treasury Prices Get Late-Ses
·FOREX News: Australian Infla
·Money Market Funds Get Fresh
·Coca-Cola Enterprises profit
·Kennametal 1st-Quarter Profi
·Canada Minister: Shrink Pric
·Moody's 3Q Earnings Fall 13
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