Forex Bull

Bank of England cautions on economic recovery (AP)

2009-11-11T15:36:41Z

The Bank of England raised its forecasts for economic growth and inflation on Wednesday, but warned that Britain's economic recovery is just beginning and that its strength remains "highly uncertain."

Taiwan moves to slow international hot money (AP)

2009-11-11T09:55:57Z

Taiwan has banned foreign investors from placing money in certain bank accounts, the latest move by developing countries to slow an influx of international hot money created by massive government stimulus measures around the world.

Market Tips: Buy Real Assets, Forget Paper

2009-11-11T09:24:00Z

Global stocks rose on Wednesday, with sentiment lifted by upbeat economic data out of China. Experts told CNBC investors should forget about currencies and fixed income and rather focus on benefiting from asset-price inflation by getting into real assets.

Obama Dollar to ‘Devalue the Way to Prosperity’!

2009-11-11T08:48:27Z

Contrarian long USD positions remain costly. Forget the Japanese housewife, it’s the Brown’s, Smiths, Jones etc who have been piling into a global carry trade, similar to Japans’ lost years, using the USD as a vehicle currency. It will end in tears

China to guide yuan with eye on major currencies (Reuters)

2009-11-11T08:11:18Z

China said on Wednesday it will consider major currencies in guiding the yuan, suggesting a departure from an effective dollar peg that has been in place since the middle of last year.

Oil ‘Getting Kick’ from China, Weak Dollar

2009-11-11T08:10:00Z

“China is very important because it’s the fastest-growing country in the world in terms of oil demand,” Neil Atkinson from KBC Financial Services told CNBC Wednesday.

Asset Bubble is ‘Way We are Going’

2009-11-11T08:00:00Z

“There is a danger that (asset bubbles) is the way we are going,” Derek Halpenny from Bank of Tokyo-Mitsubishi UFJ told CNBC Wednesday.

Unemployment May Cause Loan Defaults in US: Zoellick

2009-11-11T07:09:00Z

Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday.

Asian Market Update: China industrial production, trade surplus rise to multi-month highs, while bank lending declines; Asia Development Bank upbeat on V-recovery in the region; World Bank President supports USD as global reserve

2009-11-11T06:58:35Z

- Asian equity markets are trading modestly higher for the third straight session this week, supported by a strong set of October economic data out of China at the start of the Shanghai session. Taiwan's Taiex is leading the charge with a 1% gain, ......

Euro nearly unchanged at $1.4975 in European trade (AP)

2009-11-11T04:59:36Z

The euro was nearly unchanged against the dollar Wednesday as Asian markets rose and investors appeared to continue their pause in their sell-off of the American currency, which was hit earlier in the week by expectations that U.S.

S&P Must Hit Oct. High to Stay Up: Charts

2009-11-11T04:40:00Z

Coming down from an October high of 1,101 points, the S&P 500 currently rests at about 1,095. “The question is are we building some kind of shoulder-head-shoulder?” Chris Zwermann from Zwermann Financial told CNBC Wednesday. If the S&P cannot “take out this high to unfold to the upside… we have the risk of about 10% to go down to 1,030, where we have the neckline,” he said.

90% Fall in Tourism Market Since 2007: CEO

2009-11-11T04:20:00Z

“Overall in the last two years, we’ve seen close to a 90% decline in transaction volumes,” Arthur de Haast, global CEO of Jones Land Lasalle Hotels, told CNBC Wednesday.

Opportunities in Australia

2009-11-11T04:16:00Z

Don Williams, portfolio manager at Platypus Asset Management and Riccardo Briganti, head of research at Macquarie Private Wealth, disclose where the opportunities lie on the S&P/ASX 200, with CNBC's Amanda Drury.

What is the direction of highest probability today? (11/11/09)

2009-11-11T04:12:42Z

by Johan Kriek (jkriek@fxinstructor.com) Key events today: UK Unemployment @ 9:30 GMT BoE Inflation Report @ 10:30 GMT Probability Studies: Direction of Highest Probability: BULLISH 60 minute trend support: 1.4975 Bearish Probability below: 1.4975 Significant support: 1.4975 Significant resistance:1.5019 Direction of Highest Probability: BULLISH 60 minute trend support: 1.6688 Bearish Probability below: 1.6688 Significant support: 1.6688 Significant resistance:1.7034 Direction of Highest Probability: BEARISH 60 minute trend resistance: na Bullish Probability above: 0.9322 Significant resistance: 0.9322 Significant support:0.9261 (wait for this support to b violated before bearish TC confirmed) Direction of Highest Probability: BEARISH 60 minute trend resistance: 90.46 Bullish Probability above: 90.46 Significant resistance: 89.78, 90.46 Significant support:88.00 ___________________________________ This analysis has been based on the Probability Study Technique which is derived from the Dow Theory Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within. For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class Enjoy and good luck! Johan

Weak Dollar ‘Major Factor’ in High Priced Oil

2009-11-11T04:10:00Z

In “the price formation of commodities and oil, currency is one of the major factors,” Nobuo Tanaka, executive director at IEA, told CNBC. The weakening dollar is contributing to the higher price of oil, he said, adding that lowered demand for natural gas will affect the climate if other technologies do not materialize.

Treasurer Geithner ‘Deeply’ Believes in Need for Strong Dollar

2009-11-11T03:33:00Z

U.S.

Yuan Needs to be Free-Floating

2009-11-11T03:30:00Z

Market talk about the yuan becoming a reserve currency is 'noise' for now, says Jeffrey Halley, senior manager of FX Trading at Saxo Capital Markets, unless it becomes a free-floating fully convertible currency. He shares his currency outlook, with CNBC's Chloe Choe and Martin Baccardax.

Can you protect yourself against the unexpected?

2009-11-11T02:47:09Z

Hello traders, I’ll introduce myself further on my first webinar, but I wanted to get this blog post out there to give you a glimpse of my trading style. I trade with zero indicators, and purely by harmonic patterns using probability, gaming theory, chaos theory etc.. that are naturally found in our world and nature around us

EURUSD pulled back from 1.5019

2009-11-10T23:56:13Z

Being contained by 1.5062 previous high resistance, EURUSD pulled back from 1.5019, suggesting that a minor consolidation of uptrend from 1.4626 is on the way. Another fall towards the lower

EURUSD Forecast: Consolidating, bullish scenario remains intact

2009-11-10T23:43:29Z

The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.4937 but closed higher at 1.4983. I think the pair is now consolidating after significant bullish on Monday