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Jan

Currency Correlations - Out Of Order !

Posted by Jerry Furst Published in Canadian, Currency correlations, Dollar, Euro, Forex, Fundamental Analysis, Pound, Technical Analysis, trading

By Jerry Furst- Sr Analyst

at Investors Education Network.com

Currencies are Breaking Out

As 2009 officially gets underway with the 1st full week of trading - the currencies are displaying “unusual” correlations - or the lack there of. For example:

UK Pound Rallies vs The Dollar

While the Euro Breaks Down Against the US Dollar

While the US Dollar Appreciated against the Swiss

The USD-CAD Dropped to a new Support Level

So the above shows that the US Dollar is by no means moving in the same direction. The current variations of correlations are not acting in traditional ways - this suggests to me that more volatility is likely on the way.

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.

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Dec

Holiday Season - A Good Time To Prepare for 2009

Posted by Jerry Furst Published in Because You Asked, FX, Fundamental Analysis, business plan, currencies, trading, trading plan

Good Time To Work On Your Trading and Business Plan

This market - and season is quite unique. During my webinar today I suggested that traders consider taking the Holiday Season off - away from trading - and concentrate on reflecting on this past years trading and amazing market dynamics. It is also a great time to work on a true business and trading plan for next year.

Survey Yourself

A good way to start is with the free survey - go to the link: http://tinyurl.com/a56tex

Q: RE: Volatility During Holiday Season

A question-comment to previous blog post yesterday asks if the holiday season can result in a thin market and cause a range bound market regardless of fundamental news events. My Reply:

Currency Markets Know No Holidays! One of my favorite sayings is that the Currency Markets Know No Holidays! Being a global market, some cultures do not celebrate others - and as long as a bank is open somewhere currencies can trade - it all boils down to access through your broker.

“It’s Different This Time”

Having said that - another point you raise is that my past experience of holiday seasons gives me a level of expectation - but this market and holiday season is not the same as last year, and next year will be different still. You need to always evaluate each season and circumstance individually. It’s the one time that “It’s Different This Time” is really true!

Regarding the implications of news releases and volatility during the holiday season, although it is anticipated that there will be thin volume - there is actually a potential for wider swings - especially if there is surprising news “scheduled or non-scheduled” it will most likely affect the markets with more of a wild swing. - bringing me to my initial point - Enjoy the Holiday Season and reflect on what you learned in 2008 and what you will plan to do in 2009.

Cheers - and Happy Holidays!

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.

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Dec

The Week Ahead - Holiday Time?

Posted by Jerry Furst Published in FX, Forex, Fundamental Analysis, GDP, News: Scheduled and Breaking, currency trading, economic calendar

Festival of Lights - Happy Happy - Joy Joy

Holiday Greetings to All - The Calendar is light this week - as it should be - and to give the volatile markets a much needed rest and break - but will the volatility calm down as the banks and corporations around the world turn off the office lights? A Happy Hanukkah to all celebrating the festival of lights.

Light News Calendar

There are several GDP Reports scheduled to be released for the US, UK, Canada, and New Zealand. Will the numbers really be a surprise to anyone if they come out a bit worse than expected?

Tuesday will have the UK GDP released at 4:30 EST and can serve as a heads up as to the volatility for the US GDP at 8:30 EST. Other news on Tuesday for the US include Consumer Sentiment, New and Existing Home Sales Data, and Investor Confidence all coming out at 10 EST.

Wednesday has Jobless claims- Durable Goods - and Personal Income and Spending Data also clustered at 8:30 EST. The EIA will release both Petroleum and Natural Gas data on Wednesday to accommodate the Christmas Holiday on Thursday. Canada releases GDP data at 8:30 on Wednesday.

For more scheduled news events … Check out my consolidated event calendar and

You are invited to attend my weekly webinar “The Week Ahead” to register click the link below.

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.

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Dec

Dollar Rebounds - After Historic Fall and Rise

Posted by Jerry Furst Published in Canadian, FX, Forex, Fundamental Analysis, News: Scheduled and Breaking, Pound, Technical Analysis, oil, technical analysi, trading, trend channel

By Jerry Furst- Sr Analyst

at Investors Education Network.com

Currencies and Commodities Wild Week >This past week has seen Oil drop below $34, and although Gold made some moves upward towards the $900 mark after the historic federal reserve announcement on Tuesday that they will use all means necessary to get the economy back on track -Gold plunged back to the $830 range at the end of the week.

Euro Dollar Give and Take

EUR-USD 4 Hour Chart (click to Enlarge)

In one months time the Euro ran up approx 2300 pips and on Friday gave back over 800! This after the Euro fell from the 1.4800 range from September 22 to make lows around 1.2300 back on October 27 - These are amazing one month moves!

Monthly Charts Show the Picture

Pound Gets Pounded - Falling Hard

Above: EUR-GBP Monthly (Click to Enlarge) : Euro - Pound Screaming Towards Parity!

Canadian Loonie Analysis Trend Continues

USD-CAD 30 Min Charts (click to enlarge) The Down Trend Channel continues - Charts from Dec 15, 16, and 19th show the progression

The “1st on Forex” Week Ahead Condensed Economic Calendar- Click Here Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.

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Dec

FOMC Announcement - Drop Rates to Zero?

Posted by Jerry Furst Published in Aussie, Canadian, Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis, charts, economic calendar, fomc, interest rates, webinar

By Jerry Furst- Sr Analyst “1st on Forex”

at Investors Education Network.com

Bens Last Hurrah?

After Tuesday’s meeting - The next scheduled FOMC meeting is January 28, will there be a new Fed Chairman at the helm, or will Bernanke be held over? Will there be any more rate cuts available at that time? There are expectations that rates could be lowered to 0.25% - making the US rates even lower than Japan.

The Dollar Continues to Give Up Ground

USD-CAD 30 Min Chart - (Click To Enlarge)

Shows continuing downslide after Triangle Break last week.

AUD-USD 30 Minute Chart (Click to Enlarge)

Continuing Up Trend Channel

*** Attend A Free Live Market Coverage and Technical Analysis Webinars ***

FOMC Live Webinar Tue December 16 - Click Here to Register

The “1st on Forex” Week Ahead Condensed Economic Calendar- Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.