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Momentum | Daily Forex Trading Edge

Momentum

Macro and Micro Fundamental Preview

Sunday, Jul 7, 2013

Good Afternoon,

It is summertime, so for the next 8 weeks (until Labor Day and schools are back in session), we have to be careful about lighter volumes. Lighter volumes can add to the volatility, if volatility continues to pick up due to geo-political events. Those geo-political events are what I now term "macro"-fundamentals. The macro-fundamentals for this week are:

**Draghi speaks

**Bernanke speaks

**BOJ Press conference

The "micro"-fundamentals that affect the central bankers' decisions are as follows:

**AUD emplooyment

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

AUD and NZD Above Average Trading Ranges

Friday, Jul 5, 2013

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Trading Patterns on the GBP/USD and the USD/JPY

Wednesday, Jul 3, 2013


Good Afternoon,

It is all about fundamentals. At least that is what the Fed says. Macro fundamentals always trump micro fundamentals. Macro-fundamentals such as Egypt unrest and the bullish move it is giving oil (USO) also trumps technicals as we had USO at previous resistance at 35.00. Not anymore!

Micro fundamentals are supposed to guide the Fed in their easing/taking back easing decisions.

**ADP - a non governmet number and not a great forecaster of the monthly payrolls (due Friday)

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

EUR/USD Heading Towards Support?

Monday, Jul 1, 2013

Good Afternoon,

Fundamentally, the packed week started with ISM Manufacturing. The gauge of the nation's manufacturing sector came in flat. New orders were up a bit more than expected, but the employment component was below expectations. This is important as we have the monthly employment report on Friday. The data continues, so keep an eye on it and as always, keep an eye on any Central Bank speakers.

Technically, the SPX rallied hard today, but after all is said and done, closed where we closed on Friday. The 61.8 Fibo line is still holding as resistance:

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Weekly Fundamental Preview

Sunday, Jun 30, 2013

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Deciphering the Fed, Again…

Thursday, Jun 27, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Eur/Aud and Eur/NZd

Wednesday, Jun 26, 2013
Since the Dollar has no clear direction I have to look elsewhere to capitalize on moves in the market. With the Dow up over triple digits again the Euro has piggy backed on that ride as well,  just not against the Greenback. The Aussie gained what appeared to be significant ground on the Euro after statements from China saying liquidity risk is controllable and the run up on the SHIBOR rates are temporary which will be short lived.
Posted By: 

Skii Lodge

Skii Lodge is an experienced currency trader who provides unique insight into the currency market using a combination of technical and fundamental analysis, as well as harmonic moves. He uses equities and commodities (Dow, US Dollar, Gold and Crude Oil) for cross market analysis to come up with trading strategies on a daily basis. Skii Lodge uses this information along with market structure, major support and resistance levels to formulate trades during swings in the markets. Follow him at IBFXConnect: https://www.ibfxconnect.com/profile/skiilodge

NZD/USD Outperforms AUD/USD

Wednesday, Jun 26, 2013

Good Morning,

If you remember, we used 61.8 as resistance the last time we rallied off of the downmove. No we are rallying significantly again and 61.8 is in range - about 15 points above current levels. Are fundamentals and "Fed Speak" strong enough to get us there? As I post the chart, what strategies could you use if you though the downmove is the trend and the rallies are the counter-trend?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Inside Day in Forex

Monday, Jun 24, 2013

Good Afternoon,

Looking forward to the data set tomorrow morning in the form of Durable Goods – how will big ticket spending fare? And remember, interest rates really started rising AFTER this data set was developed – so please watch July’s number.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

The “Art” of Pressing Validity: EUR/USD

Monday, Jun 24, 2013

A trend has a small window where pushing the validity of a trend-following entry can become a fade and that’s where the EUR/USD is today.

 The EUR/USD uptrend was cut short by the flight-to-safety in the U.S. dollar but has it lost validity? The initial trade entry was based on a swing buy set up and this set up is valid as log as prices remain (ideally) above the 34 period EMA low. The 200DMA and the 50DMA will have more widespread psychological and technical relevance.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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