Aug 4 dollar is gaining strength on oil

Coming off new highs the Dollar is gaining a little strength with the fall of oil. Could see a test of support if FOMC meeting is stable tomorrow.

There will be a US bank report released this week on the number of banks on the watch list for bankruptcy. Supposedly 50 of the top 100 banks are close to folding.

Expecting a small bounce from there.

July 23 Japnese yen is getting cheaper on breakout

broke away from the support, will be following the support trend line, this has a lot of pace behind it. Lets see how far this will go.

July 23 target hit on EURUSD dollar euro trade

Our first target is hit + .0180 not yet finished though. Looking for another move based off of financials in the next few days. This could be a good time to sell the dollar for a bounce up to 1.5786.

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July 22 EUR USD trend line breaching

Watch this short term rally push the Euro around, I bet it is short lived.

Targets of 1.569 and 156. then if we break that and the US markets are still holding up possible 1.55 to .54

We shall see, this is still in a powerful trend.

Feds spigot is still wide open into the market place and getting into the Fannie mae and Freddie Mac will just increase the long term pain to the markets and lower dollar. Expecting a rebound on the Euro soon.

July 22 Ready to Pop USD JPY

In a major congestion area, looks like it is ready to pop. Possibility of testing 108++ we shall see as this rally settles and oil bounces back.

If fed raises intrest rates we could see a quick bounce up to 110.

We shall see. Lending is tightening again as banks see the 4.10 ten year.

Major currencies July 11 Forex

Dollar looses about 1/2 % against most majors and .74% against the yen.

Euro Dollar approaching target highs

Excellent swing entry from 1.57500 as movement was confirmed in most time frames. Big move.

Looking for a little resistance for a day or two then a push up probably off the news of ECB release. Dollar looks like it will be shedding a little more value.




Japan's Nikkei stock average fell 0.21 %. Britain's FTSE 100 fell 2.69 %, Germany's DAX index declined 2.41 %, and France's CAC-40 fell 3.09 %

Euro lost gains after ECB said it will not raise interest rates today

ECB did not raise Interest rates today and the Euro lost the gains it made yesterday when it broke through the upper trend line.

Expecting another attempt on 160.

Euro trashing dollar, new highs coming on

Broke through resistance to the upside target. Can see some big moves if we don't curb the intrest rates.

June 27 eur usd hitting upper trend line

We are approaching the uppper trend line with a good chance of pushing through.

in after ours the top has been tested twice and we are seeing the wind up for the break through. I think we can see a new high on the euro coming on.

We shall see.

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GBP JPY ready for a big move

This weeks news cans send this one on a roller coaster. Will post some entries later this week.

News will be the driver of this roller coaster

Looks like we have some pretty skewed news here with numbers coming out almost everyday this week.

The upper trend line looks like an easy target. Watch out for the fed making announcements on raising the inter bank rate, looks like an easy target in this inflation rich time period.

Euro Dollar may break to resistance and new highs

Lets see what happens as we come closer to the fed's raising intrest rates, can we save the dollar and lower these oil prices? I expect to see it go back to the 1.58 area and then consolidate before falling.

Watch out for this next week, could see a spike up on housing and fed.

We shall see.

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Japan Yen USD daily approaching Resistance

We are coming into some resistance, can expect a loss of momentum coming into this. Watch for a pullback and consolidation into the next area of resistance around 110.