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Something Interesting in Financial Video November 2014
newdigital, 2014.11.30 08:15
The Falling Wedge:The falling wedge pattern is characterized by a
chart pattern which forms when the market makes lower lows and lower
highs with a contracting range. When you find this pattern in a
downtrend it is considered a reversal pattern as the contraction of the
range indicates the downtrend is loosing steam. The Rising Wedge:
rising wedge pattern is characterized by a chart pattern which forms
when the market makes higher highs and higher lows with a contracting
range. When you find this pattern in an uptrend it is considered a
reversal pattern as the contraction of the range indicates that the
uptrend is loosing steam.
USD/JPY Remains Overbought- Weighed by Risk for Higher JGB Yields
Risk for higher-yielding Japanese Government Bonds (JGB) may further
cloud the outlook for USD/JPY especially as the December 14 snap
Eric Hunsader of NANEX - High Frequency Trading - interviewed by Max Kaiser
In this episode of the Keiser Report, Max Keiser and Stacy Herbert
discuss the fact that we are all Jack Johnson now - bankrupted by those
we trust or, in the case of the central banks - distrust - all in the
name of property speculation and other non-wealth producing speculative
pursuits. In the second half Max interviews the founder of Nanex, Eric
Hunsader, about high frequency trading, market making and scalping
Invalid Kumo Breakouts
Here's a look at a few Kumo Breakouts and why they are not valid breakouts.
newdigital, 2014.12.03 10:38
Peter Hug is talking about the many headlines
affecting gold prices.How does he see gold set up?
“In this short term – and by short term I mean over the next few days,
especially with the Thanksgiving holiday and the Swiss gold referendum
on Sunday – I think the market is very hesitant to be aggressively
short,” he says. “I suspect the risk to the market might be to the
upside in the very short term until we get some of these news items out
of the way early next week.” Hug also shares his insights on a recent
MarketWatch opinion story saying that the Federal Reserve relies on
‘misleading indicators’ to determine whether or not to raise rates:
unemployment and inflation. “I may agree somewhat on the basis of the
employment rate…[it] may not be as a significant indicator for the Fed
as it maybe was 10 years ago,” he says. “But I don’t agree with the
writer on the inflation argument. I do think that is very important for
the Fed to watch, [but] I don’t see that being an issue in the short
term.” Tune in now to hear what ranges Hug is looking at for gold this
newdigital, 2014.12.03 16:37
EUR/USD Nears Week Long Range Break; JPY-crosses Continue Run (based on dailyfx article)
Event risk is at its lowest point of the week on Tuesday, but it's shaping up to be the 'calm before the storm' if anything. Numerous 'medium' and 'high' rated events will help unleash volatility starting tomorrow, including the European Central Bank meeting on Thursday and the November US labor market report on Friday.
of then, we're starting to see the ranges that persisted around the
holiday trading conditions last week start to bend, just not yet break.
One of these instances is occurring in EURUSD, where the closing highs
and lows on H4 charts going back to November 27 are starting to be
Elsewhere, the big theme at present is the ongoing Japanese Yen depreciation. USDJPY's triangle/flag going back to November 17 is on the verge of cracking higher; and the momentum in EURJPY and GBPJPY sees continuation higher as well, irrespective of event risk.
newdigital, 2014.12.04 05:45
Key EURUSD Scalp Targets Heading Into ECB / NFPs (based on dailyfx article)
Trading Video: EURUSD, GBPUSD and USDJPY Look to Open Next Week with a Bang (based on dailyfx article)
The FX market has positioned itself for an exciting open next week.
Driven by a better-than-expected NFP payroll report, the Dollar Index
extended its run to a more than five year high. On market-wide basis,
the currency looks unencumbered technically to keep status quo momentum.
However, among the crosses, we see a range of important technical
levels that could take the wind out of the currency's sails. Some are
scalable like GBPUSD and others are critical like EURUSD.
Will we be ushered into the next phase of larger currency move or will
the year-end seasonal drain throw the breaks on this remarkable
financial market performance? We look at the trading landscape for the
week ahead in this Trading Video.