AUD if slips thru the channel supp slipping to 10285-90.. GU if breaks 5985-90 projects a move to 5840-45...

GL....…

3930 holds for further decline into 3550-60…

High yielding assets are getting a roundhouse kick to the face, and news appears to just be getting worse as the day continues...



Last night's intervention took USD/JPY as high as 79.52 before subsiding circa 79.19.  It appeared, at least for a moment, that the BOJ was looking to hold the rate at this level.  I was on twitter when this happened and Tim Backshall at capitalcontext.com sent me the following chart, representing…

Well wedge breakout min tgt is achieved at around 3840, would be looking as close to 3900 to sell rallies now but getting a re-short entry around 3925-30 would be nice for…

Don't make this mistake

#1 - Short Term Market Timing in the Forex Market by Sam Seiden

#2 - MONTHLY WEBINAR - How to develop a robust trading…

the end of the company seems to be around the corner....

Francesc

CME Group Limits MF Global Trading to Liquidation Only

CHICAGO, Oct. 31, 2011 /PRNewswire/ -- Effective immediately, and until further notice, CME's Emergency Financial Committee, in accordance with rule 975, is limiting all trading for customers of MF Global for liquidation only.

In addition, and until further notice, CME Group will no longer recognize MF Global or any of its…

this is on pattern DX 8 hrs retested the breakout out and held it. this bounce if this current candle is not closing underneath…

EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and the key 1.2400 price region.  After…

Gold and silver traders enjoyed from sharp gains to gold and silver prices during most of last week. The G20 summit, the FOMC meeting, the ECB rate decision and the U.S. labor report are the main events for the upcoming week that could influence bullion traders. The yen is sharply falling against the USD as Japan intervened in the forex market. Today, Euro Area Annual Inflation will be published, Canada's GDP report, China Manufacturing PMI and BOA Cash Rate…

Oil prices recorded sharp gains in recent weeks and October as a whole will be one of the best performing months of 2011 for crude oil prices.  The U.S. GDP rate reached a bigger than expected rate of 2.5% (Q-2-Q) and the EU agreement on the EU debt eased the concerns of the traders…

Currently the cross is @0.8126 after a strong correction during the London session. The cross has built a bear flag and we should further correction to the ..618 Fibo @ 0.8040. Once the bounce is in the Target is the double top @ 0.8243. Further target is at the .270 Fib Extension @ 0.8332.…

Hi everyone, and welcome back to a new week in this crazy forex market. BOJ intervention past Asian session is old news right now, yet still a hot topic: would a standalone intervention will be enough to keep weakening the yen? Check the “From the editors’ desk in the Beginners corner: there is a full article that includes  FinMin Azumi statements,  saying that they intervened in FX market to take firm steps against speculative action, adding that they will continue to intervene until…

Asia was able to pull most pairings back off their recent support/resistance levels quite substantially, along with escalating the Yens after Japan intervened with their currency.  This put London in a tough spot, what do do from here.  In this video I explain how we built a trade plan to short the Eur/Usd in an attempt to continue the Asian momentum, along with the overall plan for the next few intraday swings on this pairing.  This is by no means the only trade that was available, the yens…

Euro was unable to hold gains above 1.4120 and reversed down sharply in Asian session finding support at 1.3975 (61.8% of last rally) look extremely oversold. From here upward move could be seen with 1.4080/4140 as possible targets.

EURUSD buy @ 1.4000 with 1.4100 target and 1.3930 stop.

Euro dollar is set for an exciting close to the month. The strong intervention to weaken the Japanese yen against the dollar was clearly felt in EUR/USD, which was already in doubt about the EU Summit deal. Also the unexpected rise in European unemployment  and the stubbornly high inflation estimate is complicating matters for the common currency.  

 Here’s a quick…

4005 break and we shoot higher. currently 2 hrs supp getting tested a break and we have 3937-40 in play which again is a must buy for me.. longs 86 cashed some around stubborn 98-99 but willing to hedge under 75...

anyways this out look on 2 hrs..…

108.88 seems a good spot to hit longs and would hope the BOJ keeps the pressure on the throttle......