Most investors don’t take seriously warnings about the future of the economy and the financial marketplace, but those who did avoided the dreaded “Cs” of finance: the Credit Crisis and Crash of ’08. What warnings are we talking about you might ask? Well, it was the headline of ... Read t ... Read more
November 21, 2009 Dollar Index Posts Weekly Reversal Bottom After reaching a 15-month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3-w ... R ... Read more
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at 312-896-3986. Click on the link below to view today’s charts and hear Jay’s analysis. http://www.sc ... Read more
Roughly one month ago – the week of October 19th – we at the Residual Income Report issued a missive entitled “The Best Play on Gold ‘Strength’,” wherein we invited our respected readership to engage in a ‘zero premium’ trade using Hecla (NYSE:HL) and the ishares silver trust (NYSE ... Read more
G10 Advancers and Decliners vs USD JPY 0.05 EUR -0.44 CHF -0.53 GBP -0.86 There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the perform ... Read t ... Read more
Friday, November 20, 2009 Lower global equity markets are helping to push the U.S. Dollar higher as investors shun risky assets for a second consecutive day. Traders began getting nervous earlier in the week after Fed Chairman Bernanke mentioned the level of the Dollar in a speech. This ... Read more
November 20, 2009 Euro Traders Sensitive to Efforts to Talk Up Dollar The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak U.S. economic data is making trad ... R ... Read more
G10 Advancers and Decliners vs USD JPY 0.04 EUR -0.02 CHF -0.06 GBP -0.21 Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 ... Read t ... Read more
Dollar, Yen Gain on Bleaker Economic Recovery Outlook The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as s ... Read more
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at 312-896-3986. Click on the link below to view today’s charts and hear Jay’s analysis. http://www.sc ... Read more