Although this morning’s Canadian jobs data showed employers added fewer jobs last month than economists forecast and the unemployment rate unexpectedly increased, the Canadian Dollar’s strength is likely to...
The Futures Pattern, Price & Time Report
The Futures Pattern, Price & Time Report is an education and advisory service that uses the key elements of Gann technical analysis to help traders make informed trading decisions.
Euro Fails Once Again at Fibonacci Resistance
The March Euro futures contract is trading lower overnight after testing Fibonacci resistance for the fifth consecutive day at 1.3204. On the downside, . . .
Breakout in Japanese Yen Should Trigger “Verbal Interventions”
The Japanese Yen has broken out of an elongated range or rectangle chart pattern. This puts the market in a position to challenge the intervention top at 1.3279. As...
British Pound Testing Key Fibonacci Level
Optimism over a possible breakthrough in the debt restructuring negotiations with Greece sent the Euro higher overnight leading to spillover strength in the March British Pound.
March Swiss Franc Falls in Sympathy With Higher-Yielding Currencies
The U.S. Dollar is trading higher against the Swiss Franc for the first time in several days as weakness in the Euro is dragging down all higher-yielding currencies. This...
Natural Gas Forms Weekly Closing Price Reversal Bottom
Last week’s climactic closing price reversal bottom in March Natural Gas may be signaling the start of a . . .
Australian Dollar Reaches Key Pivot Zone
The March Australian Dollar reversed course overnight and is now in a position to test Thursday’s high at 1.0628. Yesterday the market broke slightly after trading this level, but...
“Free-Money” Weakens U.S. Dollar Overnight
Asian traders like the fact that the U.S. Federal Reserve may keep interest rates at extremely low levels until 2014. This means "free money" and increased appetite for risky...
Swiss Franc Setting Up for Reversal Top
The March Swiss Franc is trading lower overnight. Last night’s rally to 1.0755 fell short of breaking out over. . .
Australian Dollar Forming Major Triangle
Traders often ask me, “What is the daily trend in the March Australian Dollar?” Using my swing chart or main trend indicator I have to conclude ...
Has Cocoa Reached a Bottom?
The three day sell-off in March Cocoa has created a new main top at 2274. A trade through this price level will......
Australian Dollar Bounded by Key Retracement Zone
Reserve Bank of Australia policymakers saw continued expansion in the domestic economy despite the turmoil in Europe.
Fed Statement Helps Weaken Canadian Dollar
The March Canadian Dollar is getting hit hard this morning as traders continue to flock to the safety of the U.S. Dollar.
How Low can the Euro Tumble?
The December Euro is under pressure this morning triggered by a mass exodus of concerned investors. Traders are
What if ECB Stops Buying Sovereign Debt?
The December Euro surged to the upside as expected when the European Central Bank announced it was cutting its benchmark interest rate by 25 basis points to 1.00, but...
Will Euro Confirm Closing Price Reversal Top?
The December Euro is advancing this morning ahead of this week’s European summit. On Friday the single currency produced a daily closing price reversal top that has the potential...
Central Banks’ Move Bails Out ECB (Temporarily)
On Wednesday, the December Canadian Dollar soared after the Bank of Canada and other major central banks made a coordinated move to flood the Forex markets with liquidity.
