Columns and Articles

Trading Economic Releases: Don’t Jump In

March 12, 2010 · 10083Leave a Comment2010-03-12+17%3A32%3A07Juan+P.+Bejarano

Have you ever asked yourself why did a currency fall if the economic figure was positive. Shouldn’t the currency continue rallying? The answer is: not necessarily Markets have the keen concept of speculating. According to Investopedia, the main purpose of speculation is “to profit from betting on the direction in which an asset will be moving.” Another way of looking at this, through the economic release lense, is by the “well-known”... [Read the full story]

Technical Analysis

GBP/USD Key Support at 1.5030

March 12, 2010 · 10057Leave a CommentGBP%2FUSD+Key+Support+at+1.50302010-03-12+12%3A58%3A21Juan+P.+Bejarano

The Pound found strong demand at the aforementioned 1.4873 level and has extended a rally towards the previous high just under 1.5200. Near term bias is slightly turned to the upside as a correction in the pair seems imminent. Medium to longer term continues to be set to the downside on deficit and political concern. In the nearest term, focus is on U.S. retail sales which are due at 8:30EDT. Expectations are for headline retail sales to show a -0.1%... [Read the full story]

Intraday Market Updates

Double Top on the S&P 500

March 13, 2010 · 10094Leave a CommentDouble+Top+on+the+S%26P+5002010-03-13+15%3A08%3A03FX+Instructor

After a rally which has lasted since Fed Chairman Bernanke announced on the 60 Minutes TV program that the Fed was “electronically” printing dollars on March 15, 2009, the S&P 500 has made a double top which may indicate a reversal. That doesn’t mean I’m ready to short stocks (and get long the dollar) just yet, but it does mean I’m being careful. Although my style of trading is more fundamentally based in that I mainly use technical... [Read the full story]