Forex Playbook: July 18-24 – The Bears are Back
Equities markets closed lower in trading last week, as Friday’s violent selloff knocked nearly 3% off each of the major US indexes. The Dow ended the week lower by 1% while the S&P 500 lost 1.2%. Of primary concern was the earnings release from Bank of America (NYSE: BAC), which warned of massive losses tied to the new financial regulation. The company warned that it may lose... Continue Reading
Forex, Futures & Economy
Obama Signs FinReg: ‘No More Bailouts’
President Obama signed the financial reform bill into law today, issuing a strong, though not especially credible statement regarding future bailouts: “There will be no more taxpayer-funded bailouts. Period.” Perhaps President Obama needs to be reminded of the ongoing bailouts of Fannie Mae and Freddie Mac, which have already cost US taxpayers $145 billion. Indeed, the Administration has committed itself to further... Continue Reading
Stress Tests May Add to Swiss Bank Intervention Losses
The Swiss National Bank’s intervention efforts aimed at weakening the franc relative to the euro... Continue Reading
Merrill Lynch: USD/JPY to Test 14-Year Low
The US dollar may trade at a 14-year low against the Japanese yen, as diverging monetary policies between... Continue Reading
RBS: Euro Peaking Amid ‘Fragile Confidence’
Royal Bank of Scotland warns that the euro is nearing its peak, as “fragile market confidence”... Continue Reading
Crude Oil Tests Resistance on Summer Demand Bet
Free Forex Signals
Forex Signal: USD/JPY Faces Heavy Downside
The US dollar continues to face substantial downside relative to the Japanese yen, as the pair continues to track the perceived health of the global economy. The yen tends to strengthen against its major counterparts as the perceived health of the economy deteriorates in the eyes of global investors. Ahead of Fed Reserve Chairman Ben Bernanke’s congressional testimony, traders may find a good point of entry to short the USD/JPY. Chairman... Continue Reading
Daily Forex Signal: GBP/USD May Retrace Toward 1.50
The British pound is losing ground against the US dollar at this hour, as the decline from recent highs... Continue Reading
Daily Forex Signal: EUR/CHF to Test Swiss Bank Resolve
The euro faces mounting pressure against the Swiss franc ahead of an expected Swiss National Bank intervention... Continue Reading
Daily Forex Signal: Selling Risk Into Weekly Close – NZD/USD
Heading into the weekly close, traders should continue to short riskier currencies, which have held up... Continue Reading
Daily Forex Signal: EUR/USD Weakness is Coming
Global Markets Insider
Credit Issuers Facing Major Declines (AXP, COF, DFS)
With all indications pointing to economic troubles ahead, credit issuers such as American Express (NYSE: AXP), Capital One (NYSE: COF) and Discover (NYSE: DFS) are particularly vulnerable to double-dip declines. Credit issuers are heavily exposed to the US consumer, both for the taking and repayment of credit loans. However, the consumer is, in fact, dying at the moment, which will carry over to the balance sheets of credit issuers. Of... Continue Reading
Forex Signal: GBP/USD Set to Reverse Course
The British pound has had an inexplicable run over the past two weeks, reaching impressive heights against... Continue Reading
Forex Signal: EUR/USD Heading to Fresh Lows
The euro has held its ground against the US dollar over the past two week, though the shared currency’s... Continue Reading
UPDATE: US Dollar on Verge of Major Run Against Loonie
The US dollar’s run against the Canadian dollar in now in full force, with the pair rising to the... Continue Reading
Forex Signal: EUR/AUD Making Break to New Lows
