All Blog Posts (1,487)

On June 29, 2012, NFA issued a Complaint charging FXDD with using asymmetrical price slippage settings that favored FXDD over customers; failing to supervise the trade integrity of the firm's…

Occasionally the SEC and other regulators will castigate, actually punish, fraudulent events on Wall Street.  Of course the real punishment is only meted out to individuals and small companies.  Mega banks – the banking mafia – are largely immune.

 

Martha Stewart was convicted of insider trading in 2004 – a relatively small amount – and was sent to jail.  It was an act of fraud alright, but it pales in comparison to the fraud of Wall Street banks.

 

Phil Falcone, a once…

EUR/USD: Technical Analysis

Short-term uptrend (blue) line has led the price to 1. 2520/00 support, like expected, where it still resides, attempting to test this barrier. Indicators suggest further decline. The only question is whether the bears manage to breach 1.2520/00 level or not. If they do, the price will drop further down to 1.2430/15 level, and then to local minimums, found at 1.2280/70 support. Should trading retrace above 1.2650 resistance, the alternative…

EUR/USD: Technical Analysis

Bulls failed to push the price up to 1.2800 level, trading continued within sideways range, close to the local maximums and is currently carried out at 1.2650/60 level. Indicators suggest to expect a possible reversal down. If the price breaches a short-term uptrend (blue) line within 1.2600-1.2580 support range, it’ll be a signal for another decline towards 1. 2520/00 level, and may be even lower to the minimums at 1.2280/70 support.…

China may be once again beating us at our own game. But instead of ripping off American goods and producing them at a fraction of the cost, this time they’ve copied our monetary policy. And like everything the Chinese do, they are doing it big.



The Chinese government has been pumping the economy with liquidity by printing money at an alarming rate. Much of that money has ended up in the hands of wasteful state-owned enterprises, or SOEs lent to them by a banking cabal.…

EUR/USD: Technical Analysis

The pair is still climbing within a channel. It will probably continue higher and possibly re-touch the 1.2750 highs, or even the upper channel line at 1.2790. If there is a fall back down then the monthly pivot underpins support at 1.2660, although a breach of that would probably lead to a move down to the lower channel-line at 1.2615.…

EUR/USD: Technical Analysis

Bearish trend recommenced, trading is currently carried out at 1.2340/30 level. Indicators suggest further downtrend, which gives reasons to expect earlier forecast to confirm. Decline towards 1.2240/50 support is the most possible scenario. If this barrier on the way down doesn't hold back the bears, level 1.2160/45 will be tested next and the price will most likely commence its decline towards 2010 minimum - level 1.1880/90.…

There’s always a bright side to things, just ask the markets.



All three headline composites of the latest Case Shiller home price index were lower for the first quarter 2012. In fact, home prices in many cities are at the lowest levels since the housing crisis began.



This “good news” combined with the other “good news,” Greece being such a gigantic financial disaster that it’s getting kicked out of the Euro, propelled the market higher.



If we are going to…

EUR/USD: Technical Analysis

The price declined lower and breached 1.2470 level, mentioned earlier as the target. At the moment the price is attempting to hold below this support, trading is carried out at 1.2450/40 level. If the bears succeed, the next target at 1.2400/1.2390 support will be tested any time soon after. On the other hand, currently forming MACD divergence suggest to be cautious and consider a possibility of the upcoming large-scale pullback. The fact,…

EUR/USD: Technical Analysis

Eurodollar has rebounded from its lows today and - although it is stalling right now - there is the possibility of a move higher to the top of the range at around 1.2600. After that a sideways consolidation range could unfold before the next strong trending move. Alternatively another strong break lower would target the support level at 1.2395 and longer-term this level will probably be reached eventually as the outlook remains…

EUR/USD: Technical Analysis

A shooting star on the 4-hr chart is warning of further downside and there is the possibility of a bearish move to fill the gap at 1.2520. Beyond that the outlook is balanced as the head and shoulder's pattern has reached its downside target at 1.2525 and Friday formed an inverted hammer which could forecast more upside. If today remains above Friday's lows then it is possible there will be a reversal upswing, reaching 1.2642 at first and…

EUR/USD: Technical Analysis

The rebound from the 1.2510 lows this morning looks vulnerable to breakdown and there is a bearish shooting star on the hourly sitting on the 50 hour MA, which could signal a retest of the lows again and either a basing process will start or the pair will fall even lower. If there is no retest, however, and the rally extends higher, a possible target to the upside could be the 1.2645 level where the monthly and weekly pivots are…

EUR/USD: Technical Analysis

The price breached 1.2620 support, which indicated further possible decline towards new local minimums. Trading is currently carried out at 1.2550/40 levels. Indicators are turned down, suggesting to expect new targets to be tested at 1.2470 - 1.2400/1.2390 levels. However, a cluster of strong supports on the way may halt the pair and trigger consolidation with 1.2620/25 resistance as the upper bound.…

EUR/USD: Technical Analysis

The key reversal on Friday indicates the bullish rebound will probably continue higher. Today, however, we are pulling back, probably temporarily, perhaps down to the 50% retracement of the previous rally at 1.2725. This could be the B wave of an ABC with C still to come. When the correction has completed it could start to rally again with an upside target, initially, at the previous highs of 1.2810 but then probably at wave equality with…