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April 13, 2014| Cliff Wachtel

The Coming Week: Start Of A Bigger Correction? Evidence & Real Danger Signals

The fundamental and technical picture, both the bullish and bearish, & tips for distinguishing between normal corrections and the big plunges. What’s driving  stock indexes, forex and other global asset markets The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about what’s driving major global asset markets. The focus is on global stock indexes as these are the best barometer of overall risk appetite and what drives it, and thus of...
April 06, 2014| Cliff Wachtel

Traders’ Quick Introduction to Social Media

A one-minute guide to social media platforms for forex traders and industry professionals The following is part of a continuing series of trader education posts from fxempire.com. One Minute Guide to Social Media for Traders The idea was to quickly demonstrate the differences in how the social platforms are used. By definition it’s an oversimplification because many have multiple uses and applications. So we presented sample posts that represented the most typical post OR uniquely distinctive feature of the site...
March 27, 2014| Cliff Wachtel

4 Rules For Using Double Bollinger® Bands, The Most Useful Technical Indicator – Summarized

Part 3: A Brief Summary . For Details See Part 1: Introduction To Double Bollinger Bands, Part 2: A Continuation That Presents Specific Rules And Examples This is part of FXEmpire’s continuing series of special features on trader education, and provides a solid basis for understanding double Bollinger bands. For more detailed coverage, and examples, see Chapter 8 of the book, The Sensible Guide To Forex. Here’s a brief illustrated summary of the 4 rules for using double Bollinger bands...
March 22, 2014| Cliff Wachtel | Comments (1)

EU Banking Pact Version 2.0: EU’s Latest Nail In Its Own Coffin

The New Agreement Still Isn’t Good Enough, Same Obstacles, Same Inadequate Results. Conclusions On How To Protect Yourself And Profit  In late December 2013 EU member states agreed on an EU banking union plan. It was widely criticized as too slow implement and too underfunded to provide a credible guarantee of EU banking stability in case of bank failures. It also left individual member states without any outside aid for many years to come. Late Thursday March 20th the European...
March 14, 2014| FX Empire Analyst - Barry Norman

ECB Draghi Does His Magic On The Euro

The big market news this morning continues to be the euro, which is trading at 1.3862 after taking a major tumble on Thursday. The euro came under pressure after European Central Bank chief Mario Draghi said that the risk of deflation in the eurozone was limited, but said he was ready to act decisively in case inflation expectations shift down. He also noted that medium and long-term expectations remain anchored to the ECB's objective of just below 2.0 percent but...
March 11, 2014| FX Empire Analyst - Barry Norman

Central Banks Diverge With BoJ, RNZD and BoE In Focus

The early morning focus of the markets has been the Bank of Japan decision and statement. As expected Mr. Kudora kept everything on hold. Most economists are expecting additional easing to come as the new consumer tax increase goes into effect next month as the BoJ will help to offset the negative effects of higher sales tax as wages are not increasing in Japan. Employers are turning a death ear to Prime Minister Abe’s pleas to increase wages. Without an...
February 28, 2014| FX Empire Analyst - Barry Norman

Yellens Testimony Sends Currency Markets Soaring and Falling Leaving Traders Guessing

The much awaited testimony by Janet Yellen the new chief of the Federal Reserve proved to be just as incisive and to the point as her predecessor Ben Bernanke. Ms. Yellen’s testimony had been delayed for two weeks due to the severe weather across the US keeping many lawmakers stuck in their home states and districts. In her last appearance, Yellen emphasized that the Fed would continue to taper its now-$65 billion-a-month bond-buying program unless there was a notable change in the...
February 12, 2014| FX Empire Analyst - Barry Norman

Big Day For Currency Markets – Lots Of Data And Speeches

The big currency news on Wednesday morning is the surge in the Tasmanian currencies. The Aussie and the kiwi both traded in the green on Tuesday after the positive comments from Federal Reserve Head Janet Yellen, but it was this morning Chinese data that send the currencies skywards. The Aussie climbed by 14 points to remain well in the 90 level trading at 0.9051 while the kiwi added 21 points to trade at 0.8342. At the beginning of the month...
February 04, 2014| FX Empire Analyst - Barry Norman

Currency Traders Overly Sensitive To Economics Data

As the first trading day of February started, traders looked back at January and said good riddance. Equities, commodities and currencies witnessed a terrible month. Data from the US disappointed the market, with nonfarm payrolls, new home sales and durable goods order raising concerns over growth of US economy, but another $10b tapering by the Fed over its bond purchase lent some relief to the wide spread speculation. US GDP remains stable at 3.2%. Emerging markets have been hard hit...
January 28, 2014| FX Empire Analyst - Barry Norman

Forex Traders Get Set For The FOMC

Global traders continue to closely monitor the US data which seems to have turned a bit negative over the past weeks, although a lot of this can be attributed to the polar vortex which has been keeping the US in a state of freeze. Sales of new U.S. homes dropped more than forecast in December as cold weather helped put a chill on an industry at the end of its best year since 2008. The US dollar continued to ease...
January 27, 2014| FX Empire Analyst - Barry Norman

Forex Traders Up For A Volatile Week

The dollar-bloc currencies were the weakest of the majors over the past week.  The Canadian dollar eclipsed the Australian dollar to hold on to its place as poorest performing of the majors.  The central banks from both countries seemed to push the market in the direction it was already moving.  The Bank of Canada regarded the Loonie as strong (still), even though it was near a four year low after depreciating around 6.5% over the past six months.   Governor Poloz...
January 21, 2014| FX Empire Analyst - Barry Norman

The US Dollar Climbs As The Yen Tumbles Ahead Of The BOJ Meeting

Monday was a quiet day with US markets closed for a local holiday. Tuesday morning the Asian Market is trading higher as Hang Seng was up by 0.49% while Nikkei 225 was up by 1.48% and a Chinese market was up by 0.70%. Most Asian stocks rose, led by health-care companies, as the Bank of Japan starts a two-day policy meeting and China’s central bank pumps funds into the financial system. China's economic growth eased in the fourth quarter amid...
January 19, 2014| Cliff Wachtel

Global Markets 2 Minute Drill: EU, China Debt Threat, US Earnings

EU Periphery Stocks, Bonds And Their Risk All Rise Together, China Debt Threats, US Q4 2013 Earnings The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about what’s driving major global asset markets. The focus is on global stock indexes as these are the best barometer of overall risk appetite and what drives it, and thus of what’s moving forex, commodities, and bond markets. It’s a quick summary of last week’s...
January 19, 2014| Cliff Wachtel

Lessons for the Coming Week Part 1: Earnings, State of the Rally Update

Lessons from the first real week of earnings, latest bullish, bearish case for stocks The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about lessons to keep in mind for this week and beyond. US 1.     US Earnings Picture Thus Far   Although Alcoa’s (AA) earnings report (last 2 weeks ago) signals the start of earnings season, that first week has few other big name releases. Thus this past week, the...
January 19, 2014| Cliff Wachtel

Lessons for the Coming Week Part 2: EU Grand Delusions, China Debt Sentence

EU periphery assets risks, prices, rise simultaneously; China seeks to avoid joining US, Japan, EU on “Debt Row” The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about lessons to keep in mind for this week and beyond. Part 1 focused on lessons from US markets. Here in Part 2 we summarize the key lessons from other global markets. EU Grand Delusion Update   Last week, in an article titled Grand...
January 19, 2014| Cliff Wachtel

The Teflon EURUSD, And The Key Lessons From The EU

Why The EURUSD Should Fall, Why It Doesn’t, And What You Should And Shouldn’t Do About It. The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about key developments worth a brief special report – this one on why the EURUSD has avoided plunging and a key lesson this brings up. Former US President Reagan was often described as the “Teflon President,” because despite his many gaffs or publicly embarrassing statements...
January 19, 2014| Cliff Wachtel

Grand Delusion Update: New Bank Risks, SRM Challenges, Yet GIIPS Markets Outperform

Prices AND Risks of EU Periphery Stocks, Bonds Rising Together, & Key Mistake To Avoid   The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about key developments worth a brief special report – this one is an update of a prior article on the irrational simultaneous rise in the price of EU peripheral assets  AND their risks. Last week, in an article titled Grand Delusion, we wrote about the rising...
January 15, 2014| FX Empire Analyst - Barry Norman

The Greenback Recovers As It Crosses Tumble

This morning’s trading is seeing increased volumes and a jump in the US dollar index triggered yesterday by the surge in US retail sales. The US dollar has gained 22 points this morning and is headed to break above the 81.00 price range. The US eco data (NFIB/retail sales) were above consensus starting the US dollar recovery. December US retail sales were slightly stronger than expected. Purchases increased by 0.2%, following a downward revised 0.4% monthly increase. When correcting for...
January 13, 2014| Cliff Wachtel

GLOBAL STOCKS’ 2 MINUTE DRILL: Top Daily Market Movers To Remember This Week

What moved all major stock indexes, EU Grand Delusions, What the ECB Didn’t Say, & More The following is a partial summary of the conclusions from the fxempire.com  weekly analysts’ meeting in which we share thoughts about what’s driving major global asset markets. The focus is on global stock indexes as these are the best barometer of overall risk appetite and what drives it, and thus of what’s moving forex, commodities, and bond markets. It’s a quick summary of last week’s international...
January 13, 2014| Cliff Wachtel

Lessons For Coming Week Part 2: Must-Know Warnings On EU, China, & USDJPY

Lessons For The Coming Week Part 2: Beware ECB’s Glaring Omission, EU Grand Delusion On Periphery Bond Risk, China’s Big Risk & Challenge, What Could Rally the JPY? The following is a partial summary of conclusions from our weekly fxempire.com analysts’ meeting about the weekly outlook for global equities, currencies, and commodity markets. Here’s the second part of our article on lessons for this week, which focuses on global financial market developments beyond the US. See here for Part 1, which focused...
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