http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-10-12.html

New report just posted on where the major pairs are likely to go this week.

Cheers and good trading!

I had posted this view of the EUR/USD on Thursday. Indeed the break lower provided a great trading opportunity.

Here’s the current view and where I belive we should be looking for the next trades.

Cheers and good trading.

The EUR/USD is trading in a range and consolidating before it’s next big move. I’ve identified the most important barriers and trend lines to use as breakout points for short term trades.

Breaks of the levels here should provide good trading opportunities.

Cheers

here’s a great article on the interest rate spread that banks charge each other on there overnight rate. Basicaly what bank pay each other for short term loans.

http://www.tradingpostfinancial.com/blog/archives/Watch-the-TED-Spread-for-Change-for-the-Better.html

I just published my weekly report.

The best trades will likely be on the JPY pairs for some time.

Cheers

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-10-06.html

Now we have a larger range to watch.

I believe the next trade is a sell below 1.0550

Most USD pairs are looking ripe for reversal. In particular I like the look of the USD/CAD on the 15 min chart. A triple top is in place and price is about to slip below support.

Cheers

In times of uncertainty the Carry Trade unwinds.

The carry trade is where investors borrow from Japanese banks and re-invest in higher yielding markets like savings and stock in another country.  It is also done on the spot market by buying JPY pairs while selling other pairs to offset possible losses as the market fluctuates. In theory the JPY go up and interest is paid on the offsetting trades.

Now what if the JPY starts to strengthen too fast and the JPY pairs fall faster than other pairs go up. What if holders of foreign assets need to pay back the JPY they have borrowed, as their assets become worth less? The trades no longer offsets and positions need to be unwound as they start going negative. So during financial instability JPY pairs go DOWN!

So I would look for selling opportunities on all JPY pairs.

Cheers and good trading.

A buy on the pull-back with stops below the low presents a good risk reward.

There will still be one or two days before the plan is finally passed.

http://money.cnn.com/2008/09/29/news/economy/bailout/?postversion=2008092909