Forex and Financial Market Weekly Outlook Jul 19 to Jul 24 2009

veritefx

During last week's trading we all saw what kind of impact the earnings reports and the moves on the S&P and Dow Jones had on the currency, commodity, and bond markets... for the week ahead I expect to see the same exact themes play out as news, data, and fundamentals remain the witch's brew of choice for the big money market movers.

Last week approximately 25% of earnings were released but over th [...]

Forex and Financial Market Update 15 July 2009

veritefx

The return of euphoria:

Good earnings, hot consumer price inflation, and a textbook short-squeeze scenario skyrocketed the S&P 500, Dow, crude oil, and gold while sending the US dollar Index sliding below its support, droppingdown to the 79.50 level and closing for a 1% loss.

The good news for equities, commodities and higher-yielding currencies... CPI made its biggest jump in 7-months while the key Core CPI showed a 1.7% gain year-over-yea [...]

Forex and Financial Market Update 14 July 2009

veritefx

Markets make modest gains on mixed inflation and retail data:

Although the S&P 500 posted a 0.5% gain and the Dow closed up 0.3%, the price action in the equity, Forex, and commodity markets were fairly muted as each market moved in tighter ranges with overall sloppy and choppy price action. The earnings news from Goldman Sachs did little to excite the markets as it became apparent that participants bought the rumor yesterday and sold the fact today.

Forex and Financial Market Update 13 July 2009

veritefx

Tale of two markets:

If you started the trade day believing market participants in Asia, the world was coming to an end... if you ended the trade day believing European and North American market participants, the world has been fixed and there's nothing to worry about...

So who is right and who is wrong? We'll probably never know and it probably doesn't matter because what we saw between Sunday evening (NY time) and the close of Wal [...]

Forex and Financial Market Weekly Update 12 July to 17 July 2009

veritefx

For the week ahead the Forex, equity, and commodity markets will all begin trading at very key price levels and points of potential vulnerability. The S&P 500 and Dow Jones have been on a 4-week losing streak while their comrade, crude oil, dropped a staggering 10.2% in the prior five days of trading.

Granted, the lack of liquidity and thin market conditions associated with summer session trading have led [...]

Forex and Financial Market Update 7 July 2009

veritefx

Once again the the markets suffered through another bout of relentless selling and risk aversion. Today the selling began before NY opened and intensified during the Wall St. session. Crude maintained its role as the leading 'fear trade' and the market which took equities and several of the higher-risk, higher-yielding currencies to fresh weekly lows.

In the earlier European session a stronger than expected German Factory Orders report sent both cru [...]

Forex and Financial Market Update 6 July 2009

veritefx

Crude and global equity indices whip Forex markets around:

The markets got themselves off to a wild and volatile start this week... the price action seen in the equity, commodity, and especially the Forex markets was rather fierce. It all started during the first few moments of the Asian session and squarely with crude oil. As soon as traders in Asia and then Europe had access to the market they started selling crude which put immediate pressure on the Nikke [...]

Forex and Financial Market Weekly Outlook 5 Jul to 10 Jul 2009

veritefx

Whenever I sit down to prepare for a new week of trading and to research the market for the week ahead I always focus on those one or two big fundamental events that I know hold the power to directly influence risk appetites, money-flows, and how participants will handle their fear and greed. For this week what I am seeing as the dominate fundamental and geo-political event is clearly the G8 meetings in Italy.

Forex and Financial Market Update 1 July 2009

veritefx

When I woke up this morning to trade the NY session and started catching up on the price action of the Forex, equities, and commodities markets I got that gut feeling that said, "don't take a trade, you'll lose". It's been awhile since I sat through an entire NY session without taking a single trade but I'm glad I listened because I probably would have lost on trades today as the markets were very [...]

Forex and Financial Market Update 30 June 2009

veritefx

Markets show continued vulnerabilities to weak fundamentals:

Besides a healthy round of Q2 profit-taking which occurred across the board today, crude, gold, the S&P 500, Dow, EUR/USD and GBP/USD all came under pressure after astring of poorer than expected fundamentals caused market participants to scale back their risk appetites, sending their money-flows out of the higher-risk, higher-yielding markets and back into the safe havens of the USD, JPY, and [...]

Forex and Financial Market Weekly Outlook 28 June to 3 July 2009

veritefx

When I sat down to write my commentary on this week's trading all I could think was, "this should be a wild week". What's facing the markets are a number of calendar events and central bank events that are all culminating over the next five trading days, so thekey theme I want traders to keep in the forefront of their minds and trading decisions -- risk management.

High risk alert--

Forex and Financial Market Update 23 June 2009

veritefx

Last night in our chat room we got on the topic of how the Federal Reserve and European Central Bank use monetary policy, verbal rhetoric, and geo-politics to move their respective currencies up or down. And wouldn't you know, as fate would have it, just a few short hours later the ECB went on an extremely well coordinated and choreographed campaign to talk the euro up against the dollar...

Today's up [...]

Forex and Financial Market Update 22 June 2009

veritefx

Dollar and Yen rally as equities and commodities plunge:

For the start of the trade week it's been nothing but a sell-off for all higher-risk, higher-yielding markets. In yesterday's update I issued a pretty strong warning that the equity, commodity, and Forex markets were ready to break their ranges and that's exactly what played out today... spot gold, spot crude, the S&P 500, S&P 500 futures, the Dow and Dow futures all broke their ran [...]

Forex and Financial Market Weekly Outlook 21 June to 26 June 2009

veritefx

Hello, I hope you had a peaceful and restful weekend and you've come ready to trade this week because I think we're going to see some sharp moves over the next five to ten days. Trying to "predict" the markets and what they will do at a future point in time is mostly anexercise in futility and not something I really care to burn brain cells doing, but I will say this, I feel strongly enough about the pote [...]

Forex and Financial Market Update 16 June 2009

veritefx

Disinflationary US fundamentals reverse early gains by higher-yielding markets:

The higher-risk, higher-yielders were off to a strong start during the European and early NY session as the markets got better than expected fundamentals out of the Eurozone (ZEW) and hot inflation data out of the UK. Leading into the 15-minutes before Wall St.'s open the S&P 500 futures, crude oil, and the higher-yielding [...]

Forex and Financial Market Update 15 June 2009

veritefx

Euro plunges from sharp drop in crude, S&P 500, and central bank rhetoric:

Today's strong market volatility can be best described by looking at what the world's three leading correlated markets did:

1. Crude oil dropped below the $70 level, losing over 2% on the day
2. The S&P and S&P 500 futures both lost over 20-points, closing down 2.4% on the day
3. The US dolla [...]

Forex and Financial Market Weekly Outlook 14 June to 19 June 2009

veritefx

As has been the case in recent weeks, for this trade week, price action and market direction will be closely linked to key fundamentals and geo-politics as those two leading market factors dictate risk appetite, the flow of money, and overall market sentiment.

On a fundamental basis, the dominate themes will revolve around inflation, housing, and central bank monetary policy. From a geo-political perspe [...]

Forex and Financial Market Update 11 June 2009

veritefx

Dollar falls to rising crude, equities, and negative central bank rhetoric:

Once again the dollar was handed more losses to the euro and pound sterling courtesy of crude oil and US equities. The front month crude contract broke the $73 level today, pushing the S&P 500 to fresh 7-month highs. After better than expected US fundamentals (retail sales, jobs) the dollar didn't stand much of a chance agains [...]

Forex and Financial Market Update 10 June 2009

veritefx

S&P 500 futures reverse early gains and send higher-risk markets lower:

During the last two-hours of the Asian session early this morning and straight through to the European session the higher-yielding, higher-risk markets saw strong upside moves which has been the typical price action trend of late. The EUR/USD, GBP/USD, GBP/JPY, and EUR/JPY all benefited positively from the strength in crude oil and the S&P 500 futures but as soon as Wall St. ope [...]

Forex and Financial Market Update

veritefx

Greetings to all traders... well today was my first day back in the market in about a week after taking some vacation time. It looks like I missed some fireworks with last Friday's Non Farm Payrolls event and the fallout that usually occurs the next trade day. Overall, today's market action looks pretty cut anddry...

Crude gains 3% sending euro, pound sterling, and S&P 500 higher:

As I was catching up on the markets this morn [...]

Blog Entries tagged 'eurodollar'

Forex and Financial Market Weekly Outlook Jul 19 to Jul 24 2009

Forex and Financial Market Update 15 July 2009

Forex and Financial Market Update 14 July 2009

Forex and Financial Market Update 13 July 2009

Forex and Financial Market Weekly Update 12 July to 17 July 2009

Forex and Financial Market Update 7 July 2009

Forex and Financial Market Update 6 July 2009

Forex and Financial Market Weekly Outlook 5 Jul to 10 Jul 2009

Forex and Financial Market Update 1 July 2009

Forex and Financial Market Update 30 June 2009

Forex and Financial Market Weekly Outlook 28 June to 3 July 2009

Forex and Financial Market Update 23 June 2009

Forex and Financial Market Update 22 June 2009

Forex and Financial Market Weekly Outlook 21 June to 26 June 2009

Forex and Financial Market Update 16 June 2009

Forex and Financial Market Update 15 June 2009

Forex and Financial Market Weekly Outlook 14 June to 19 June 2009

Forex and Financial Market Update 11 June 2009

Forex and Financial Market Update 10 June 2009

Forex and Financial Market Update