There is no better analogy to QE than anabolic steroids. Right now we are in the 'kissing our biceps in the mirror' stage of QE. The peanut-sized love spuds come 'later'. We've seen newly created money pump up asset prices to make markets look prettier, with some modest 'real economy' gains to boot. Perhaps 20% of the real economy gains will remain once QE is wound down (in a very long time from now). The other 80% tends to shrivel away as we saw with the last two rounds of QE. Additionally,…Continue
Added by Brent Carlile on March 20, 2013 at 4:00pm — No Comments
Let's take a look at the USD/CHF longer term chart.
It looks like we saw an Ending Diagonal throughout the most of 2011 and when it completed in August, we saw a sharp movement back up.
Looking at the structure of the upward movement, it looks like we're in a 3rd wave movement so be cautious if you're in a buy trade - protect some profits.
It looks like we may potentially see a little more upward movement, potentially to the .9600-.9700…
Added by Ross Yamashita on December 15, 2011 at 7:48pm — No Comments
Let's take a look at the USD/JPY.
It looks like the downward trend will potentially continue but we may see a short retracement coming up to finish off 2011. Look for the pair to continue down to the 76.00 - 75.00 level. Once the downward retracement completes, then look for the pair to start the upward retracement to test the 80.00 level and above.
Good luck with trading and be sure to check out our …
Added by Ross Yamashita on December 8, 2011 at 6:21am — No Comments
It's that time of year again - NFP - and we're starting to see the markets ease up from yesterday in prepartation for NFP.
Here are some prices to watch for the EUR/USD:
Good luck with trading. Be sure to use your stops and protect profit.
We hope everyone has a great weekend!
Added by Ross Yamashita on December 2, 2011 at 3:15am — No Comments
The GBP/JPY hourly chart shows the overall trend appears to be bearish, however, it looks like we may be in the middle of a potential retracement. Look for the shorter term retracement to potentially head up to test the 123.00 area and above.
Once this upward retracement completes, then look for the pair to potentially head back down sharply.
Good luck with trading and be sure to use your money management.…
Added by Ross Yamashita on November 30, 2011 at 6:05am — No Comments
Let's take a look at the GBP/USD.
We may see a little more potential corrective movement up, however, once that completes, look for the pair to potentially head back down to potentially test the 1.5000 level and below.
Good luck with trading.
We'd also like to wish everyone in the U.S. a very happy and safe Thanksgiving weekend.…
Let's take a look at the EUR/USD daily chart.
We can see a big Contracting Triangle (CT) forming so when this triangle completes, look for the pair to move up to test the 1.3600 area and above. If we see a strong push up, look for the pair to test the 1.4000 and then the 1.4300 area.
Don't forget to check out our technical forecasts along with other top FX Street…
Added by Ross Yamashita on November 17, 2011 at 4:47am — No Comments
We apologize for the decline in contributions, however, we were really busy finalizing our presentation for this weekend. The good news is, we've completed everything and will hopefully get back on track to more analysis.
Today, let's pull up the EUR/JPY hourly chart.
It looks like the overall trend is still bearish and look for a test of the 103.00 area and below. If we can break the 103.00 area and break away, then we may see a nice test of the century…
Added by Ross Yamashita on November 15, 2011 at 3:29am — No Comments
Let's take a look at the USD/CHF chart.
It looks like the upward movement on this currency pair has started but it maybe still a little too early to tell when this upward movement will start to fizzle out. If this turns out to be a 3 wave retracement, look for a retracement down followed by a 3rd wave up. Look for it to potentially test the trendline.
In the longer term, once the upward movement completes, then look for the pair to push down to…
Added by Ross Yamashita on November 3, 2011 at 6:30am — No Comments
Let's pull up the USD/JPY.
Look for the pair to potentially test the 75.00 area and then potentially bounce back up to test the 78.00 area and above.
Don't forget to check out top FX Street analysts technical forecasts on FX Street. Click here for the forex technical forecasts.
Good luck with trading.…
Added by Ross Yamashita on October 26, 2011 at 4:23am — No Comments
Let's pull up the EUR/JPY hourly chart.
The trend has been down for a while and it looks like the bearish trend has more potential downwards push to it in the longer term.
Look for more bearish movement as we head into the European and New York sessions, as we also have Trichet speaking near the open of the European markets. Look for a potential price area of 105.50 - 105.00.
After we see the downward action complete, look for a move up to…
Added by Ross Yamashita on October 21, 2011 at 4:54am — No Comments
Let's pull up the USD/CHF chart.
We were on break for a couple of weeks and we just completed our weekly technical forecast for FX Street and it looks like the USD/CHF saw a big mvoe up from the low in August 2011.
It looks like the upward momentum still has some juice left in it.
Look for a potential retracement down to the .9000 - .8800 area. Once the downward retracement is complete, look for a potential move back up.
A good way to…
Added by Ross Yamashita on October 20, 2011 at 5:27am — No Comments