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Fundamentals | Daily Forex Trading Edge

Fundamentals

USD/CAD and Oil Price Similarities

Monday, Apr 29, 2013

Good Evening,

Fundamentally, we have a busy week. I will get more into that tomorrow as most of the data comes later in the week. So with that, let's get right to the charts.

The USD has weakened against most currencies including the CAD as of late as oil prices have risen with the SPX equity move from 1537 to 1593.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Inside Day For Forex Markets

Thursday, Apr 18, 2013

Good Afternoon,

Fundamentally, claims were flat - look for these to flatten/rise up as we are only a month away from college graduation and also an "overbought" stock market that corrects could take the shine off the great retail environment we have had.  Philly Fed was weaker than expected.

Next week we have Durable Goods, Claims and Advance GDP - not a heavy week.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

EUR/USD: Above Average Trading Ranges Continue

Wednesday, Apr 17, 2013

Good Morning,

No fundamental until tomorrow, but keep an eye on claims - see the past few commentaries for more detail on fundamentals.

Technicals:

**IWM - will it close below Monday's low

**QQQ - same thing, going lower than Monday's low

**DIA - getting there

**SPY - currently below Monday's close

This is what we were looking for - a failure - otherwise known as a double top or a lower high and then a lower low. See the IWM for a double top and a lower low.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

USD Strengthens With Equity Rally

Tuesday, Apr 16, 2013

Good Afternoon,

This has been the pattern - the SPX rallies the day after an idiotic event. Traders in New York aren't going to let this type of cowardly action take the markets down. Regardless (bad choice of words), but despite the event, we still need to look at retracements in the SPX. Have we come off enough to sell the rallies? We saw the double top in IWM. Are retracements or possibly a double top lurking in the SPX?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Huge Trading Ranges in Commodity Currencies

Monday, Apr 15, 2013


Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

USD/CAD: 50% Retracement Level Holds

Thursday, Apr 11, 2013

Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Webinar Primer – USD/CAD Rangebound at 38.2% Retracement Level

Wednesday, Apr 10, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

NZD/USD: Will It Breakout?

Tuesday, Apr 9, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

GBP/USD Analysis: Above Average Trading Range

Thursday, Apr 4, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Can You Sell Rallies in AUD/USD?

Wednesday, Apr 3, 2013

Good Afternoon,

Fundamentals came in a tad soft today. No, I am not talking about the ADP number as that is painfully bad at estimating the government number that will be released in 2 trading days. By the way, I am sticking with my 186k estimate with a chance at printing 200k or above.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
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