Dr. Michael J. Duckett - Turning On Your Inner Mental Powers

Wear and tear happens all the time and when that happens periodically it is time we need an upgrade! Well, we can upgrade our computers can't we? So why can't we simply decide to take 1-2 days off per month and upgrade our lives?

Life is not static; life does not stand still; consequently either we evolve or we degrade and whatever the result it really all boils down to a matter of personal choice.

Please read the following website material by Dr. Michael J. Duckett at the website -   http://www.upgradinglife.com/

Information overload? Mental congestion? do I look at my Stochastic or do i take note of my Fibonacci; where exactly do I start? This report says this; another analyst said the complete opposite, nobody seems to be able to actually put a pin on it!

The great boy plunger Jesse Livermore made a fortune shorting Wall Street in the 1920's because in his mind he built a system that worked for him. He made $100 million in 1929; an absolute fortune for those days. Then what did the great trader do? He made two great mistakes: Firstly, he listened to other people and squandered much of his wealth to actually become bankrupt by 1934. Now, Imagine George Soros made a few billion dollars shorting Sterling in the 1990's and then losing it all? How difficult can it be to actually losee a billion dollars? Secondly, and perhaps more seriously, Jesse Livermore mentally sunk into a depression. We are all human and even the great trading minds can come undone with the pressures of life.

This is why i attach great important to ongoing personal development through the study of videos concerning the tranquility of the mind.


Watch the following video by Dr Michael J. Duckett on Turning On Your Inner Mental Powers.

Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

Forex Charts 31st May 2015 Currency markets, news and analysis

Forex interactive charts

Powered by ForexGoer

Forex charts for technical analysis


Pieter Bergli - DeLoren Trust Holdings

A non-profit service for free education on in the forex markets


Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers.

29th May 2015 Currency markets, news and analysis

Forex Market Commentary  

USD ends the week on a strong note. But the appalling Q1 US GDP report may signal problems ahead for Dollar investors. The US economy shrank a dismal 0.7% in Q1 compared to an earlier estimate of 0.2% but much of that had been due to bad weather conditions and strong Dollar hurting US exports to blow up the trade deficit and knock off at least 1.8 percentage points from the GDP growth. Compared to a 2014 Q4 at +2.2% quite frankly Q1 15 is a horror story. Nevertheless, a negative is a negative and no matter how many ways we try to explain it the results of Q1 are an economic contraction. However fresh signs of activity in the housing sector are a glimmer of hope that Q2 should be more robust. the equities markets didn't like this report at all. the Dow took a dive to shed 115.44 points or -0.64% on the day to close at 18010.68.

EUR/USD given the current drag on the Greece agreement with the ECB there's very little hard core economic facts to hold together the support as EUR slips from 1.14 to 1.09. traders are now eyeing the Key support area that can be found at 1.0504 as the main area of defense should the USD begin to find reason to pick up steam.

Crude Oil fundamentals all point to support at 58.00 which is a far cry from the 40 Dollar range predicted in Q1.

Gold has a long term bias towards the downside as the inverse demonstration of USD growth. Key support is at the 1132.

Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
96.853     -0.025 -0.03%

Support 96.582  Resistance 97.472
Forward 1 year - 97.994. Low growth positive line.

EUR  

1.099300     +0.003490 +0.32%

Support   1.08930    Resistance 1.10530

Forward 1 year - 1.10690. Flat line.

Crude Oil  

60.30     +2.62 +4.52%

Support  56.59    Resistance  62.55
Forward 1 year - 62.60. Low growth positive line.

Gold

1190.55     +1.54 +0.13%

Support  1,182.1         Resistance 1,196.7

Forward 1 year  -  1,194.8 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

19th May 2015 Currency markets, news and analysis

Forex Market Commentary  

USD strong move today. Across the board USD marches and consequently commodities takes a tumble form crude oil to previous metals. For the last 2 weeks we have been range bound without any significant action but a vital US economic statistic came out that made the big specs take a look and leap. U.S. housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared. This is a strong indicator of economic strength when consumers are either spending in the malls or investing in new homes. It is an indicator of consumer sentiment at its very pulse. Housing demand translates into growing pressure on the long end of the forward yield curve for interest rates to rise and become an upward sloping curve from 3mth to 30 year. Economic theory teaches us that when the rate curve becomes a normal slope then the value of the currency, all other things being equal, tends to rise as international capital flies to markets where housing prices appreciate which leads to demand for USD.

Read on Bloomberg -

http://www.bloomberg.com/news/articles/2015-05-19/what-home-depot-s-results-say-about-the-economy-and-housing

On the EUR/USD specs are making a push with fresh shorts but with the ECB announcing today support with a statement that the QE program will accelerate this year then we can expect heavy resistance around the 1.11 mark. Furthermore fears on Greece abating there is strong demand for European equities to support the demand for EUR. From  1.1466 on friday EUR has lost some big ground to the USD today. Either way the 1.11 mark is going to break the back of one side of the pair because this is going to be the battleground for the next week or so that should lead to a new direction.

Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
95.424     +0.118 +0.15%

Support 93.591  Resistance 96.441
Forward 1 year - 96.352. Low growth positive line.

EUR  

1.114690     -0.014775 -1.31%

Support   1.09950    Resistance 1.14130

Forward 1 year - 1.12470. Flat line.

Crude Oil  

58.38     +0.39 +0.65%

Support  56.29     Resistance  61.27
Forward 1 year - 61.57. Low growth positive line.

Gold

1208.98     -12.30 -1.01%

Support  1,192.0         Resistance 1,232.8

Forward 1 year  -  1,212.5 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

18th May Currency markets, news and analysis

Forex Market Commentary  

EUR/USD will be in for an important week as we gauge how much the market has restored confidence in Greece and the tale of its debt woes. The USD seems to be stuck range-bound by the lack of conviction on either side of the aisle for traders to unflinchingly go long or short the market. With further evidence of a slowing US economy Wall Street soared yesterday with the Standard & Poor’s 500 Index rising 0.3 percent in Monday's session and the Dow Jones Industrial Average rose 0.1 percent with both closing in on all-time highs for the year.it seems that policy markers are becoming more convinced that a rate hike has to be put off i.e. kicking the can down the road again to allow Wall Street to rise and inspire a languid economy that needs a bit of cheer going into an election season. as a consequence gold is steadily rising as commodities begin to shrug off the stupor of glut and get back to basics. Crude oil is holding at the $60 mark because hedge fund have decreased their short positions by some 50% adding to the leveling off in the market. But Goldman Sachs is calling for $50 by the end of the year 2020 due to increase global production and efficiencies. However 3 years ahead in the worlds most volatile market is a brave number to call.

Small traders can take advantage of a lull in the markets by using options until a clear sense of direction and momentum is regained.

http://forexeducationperspective.blogspot.com/2015/05/currency-options-trading-when-markets.html

Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
94.211     +0.055 +0.07%

Support 92.923  Resistance 94.993
Forward 1 year - 95.190. Flat line.

EUR  

1.130615     +0.001150 +0.10%

Support   1.12040    Resistance 1.15040

Forward 1 year - 1.13940. Flat line.

Crude Oil  

60.22     -0.02 -0.03%

Support  57.97     Resistance  61.61
Forward 1 year - 63.21. Low growth positive line.

Gold

1222.245     +0.965 +0.08%

Support  1,216.1          Resistance 1,237.7

Forward 1 year  -  1,233.2 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

Dr. Michael J. Duckett on Secret Mental Codes

Whatever vocation you have in your life stress is always going to become part and parcel of your daily routine and it is how we are able to deal with that stress that will eventually differentiate our story of success from failure.

There is no two questions about it: a career in forex trading is going to become one of the most stressful and intense paths should you decide that this is the avenue in life where you can make money consistently.

Making money is difficult and keeping money is just about as hard. if you find that you are beginning to snap at your spouse, jump at the grocery cashier or glare at the waiter then it is time that you take three steps back and out of your life for a moment. Everybody needs some time away for some peace of mind.

In watching videos on mental health there is nothing demeaning or defeating about acknowledging that you need to learn how to cope with the rigors of your career. Forex trading requires remarkable memory, strong analytical capabilities and the ability to take decisions very quickly in the face of information and how rapidly other people in the market may react to that information. Should watching a few videos on mental health assist in any way to the ongoing educational process of the mind learning about the forex markets then by all means let there be the opportunity to sit back and watch and listen and learn something that may help the forex trader in the long run.

Watch the following video by Dr Michael J. Duckett on Secret Mental Codes.

Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

Forex Charts 16th May 2015 Currency markets, news and analysis

Forex interactive charts

Powered by ForexGoer

Forex charts for technical analysis


Pieter Bergli - DeLoren Trust Holdings

A non-profit service for free education on in the forex markets


Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers.

15th May 2015 Currency markets, news and analysis

Forex Market Commentary  

EUR/USD closed high on friday but this was more to do with overall Dollar weakness than anything about the Euro land to cheer about.

The New York Fed's Empire State general business conditions index rose to 3.09 in May from -1.19 in April, which had been the first negative read for the index since December. That doesn't not translate to any firm reason to jump into USDX long positions at all. Industrial production for April fell 0.3 percent, while economists expected a 0.1 percent jump. So a slew of negative sentiment has restrained the Dollar from further gains. But the bonds markets again pint the way to higher yields. In fact, the 30-year auction on US Treasuries on Thursday was so muted that yields actually crept up resulting in a yield of 3.044 percent, the highest since November last year. But Friday, 30 year paper held off to close 2.9296 % for the weekend, and that has confirmed many traders suspicions after all that the 6 year bond rally has really lost all reason to continue and that equities maybe in for a tumble too which would weigh in on the Dollar since foreigners need to buy Dollar to invest in US Bonds and equities.

So where are we going with the USD so far?

Thus in summary -

1. Sluggish US economic data
2. Slow down in growth in demand for US Equities
3. Slow down in demand for US bonds - Treasury and corporate.
4. Commodity price increases like Oil usually comes in an inverse relationship to USD.

all affect the demand and value of USD.

Set this against major trading pairs like EUR, GBP and Yen and then we have a scenario of -

1. higher growth on US economy vs slower growth in a basket of select major currency pairs, and that leads to yield differentials across the board lower than the USD which then becomes the supporting rationale for USD purchases.

2. US inflationary pressure set against Fed target range of 2% which creates the higher likelihood of a 25 basis points rate increase at some point this year if the 2% inflation mark is met.

and thus we have a picture of pushing and opposing forces where at the moment no predominant scenario is likely to gain momentum to push the USD into positive or negative trading areas  viz a viz the narrow trading ranges of the USD vs major currency pairs the last 2 months.

A great way for traders to take position in a narrow sideways trading channel is using currency options calls and puts to decide the breakout and the next new trend and direction in USD value.

See here  - http://forexeducationperspective.blogspot.com/2015/05/currency-options-trading-when-markets.html

Also turn to this very curious article today on Bloomberg on German debt -

http://www.bloomberg.com/news/articles/2015-05-15/strategist-asset-classes-around-the-world-have-been-infected-with-a-highly-contagious-disease

Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
93.444     +0.056 +0.07%

Support 92.828  Resistance 94.158
Forward 1 year - 94.458. Flat line.

EUR  

1.140295     +0.000495 +0.04%

Support   1.12873    Resistance 1.15133

Forward 1 year - 1.14860. Flat line.

Crude Oil  

60.73     -0.11 -0.18%

Support  58.55      Resistance  61.51
Forward 1 year - 63.99. Low growth positive line.

Gold

1218.960     -2.545 -0.21%

Support  1,205.8          Resistance 1,237.4

Forward 1 year  -  1,230.9 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

14th May 2015 Currency markets, news and analysis

Forex Market Commentary  

EUR/USD we're definitely at a watershed here and specs on the sidelines expecting the EUR to crack with its assault on the 1.14 are possibly in for a rude shock. Firstly Euro land equities firmed late yesterday and are expected to rise on friday after Mario Draghi reassuring comments when speaking at the IMF in Washington where he stated that the ECB will "implement in full" its bond-buying program for  "as long as needed." also the ECB chief commented - "While we have already seen a substantial effect of our measures on asset prices and economic confidence, what ultimately matters is that we see an equivalent effect on investment, consumption and inflation". With Greece no longer the wild child threatening to tear down the Euro currency and strong economic data coming out of Germany in particular a strengthening of the EUR/ USD is now seen. But with the Us labor marketing tightening and Q2-3 yet to play it would take more shifts in outlook on the US economy than Euro land per se to drive the EUR/ USD through the 1.15 mark so though the market is edging up specs would rather wait for the Euro interest to fizzle out and jump in and initiate fresh EUR/ USD shorts and Dollar longs should the USDX come near the 90 range. But nearly 6 years of near zero percent money since 2008 and still the US economy is a fragile wisp of a flame with weak economic growth even with inflation creeping towards the 2% fed target mark. So what does it take for the US economy to finally push on and roar? read on Bloomberg now David Rosenberg's take on why exactly the US economy is not coming out into a Goldilocks equation -

http://www.bloomberg.com/news/articles/2015-05-14/david-rosenberg-here-s-why-u-s-consumer-spending-hasn-t-gone-gangbusters-yet

EUR traders maybe be inching up towards the 1.15 but would surely need to take put option cover to protect any long position. The USD is like a slumbering giant that maybe awakened whilst it is losing ground in its slumber. Till then Gold rejoices and crude oil marches on as with most commodity enjoying the fall out from a weaker Dollar. US equities cheer and Bonds markets could yet see some stabilization after recent price losses.

Please see on Reuters why crude oil is gaining strength which could help dampen Dollar interest -

http://www.reuters.com/article/2015/05/15/us-markets-oil-idUSKBN0O004M20150515

Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
93.444     +0.056 +0.07%

Support 92.828  Resistance 94.158
Forward 1 year - 94.458. Flat line.

EUR  

1.140295     +0.000495 +0.04%

Support   1.12873    Resistance 1.15133

Forward 1 year - 1.14860. Flat line.

Crude Oil  

60.73     -0.11 -0.18%

Support  58.55      Resistance  61.51
Forward 1 year - 63.99. Low growth positive line.

Gold

1218.960     -2.545 -0.21%

Support  1,205.8          Resistance 1,237.4

Forward 1 year  -  1,230.9 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

A non-profit commitment to provide education on the properties of currency markets

Forex market commentaries and media reports for free 

  
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers

13th May 2015 Currency markets, news and analysis

Forex Market Commentary  

EUR/USD is gaining ground on strong Euro zone Q1 economic data releases with the economy expanding at an annualized 1.0% which is the fastest rate of expansion since Q1 2014. For the short term at least the USD hasn't got much of a leg to stand on and 1.14 is at play. but a serious push through the 1.15 with a smash and grab beyond is not even on the table. Serious shorts are in the market and many specs would consider entering fresh shorts should the EUR wish to penetrate the 1.15 mark. That breech in itself at the moment as things stand is not even a scenario on the agenda. Dollar parity remains the play and shorts will re-enter on any serious slippage.

Bullion climbed 22 points today in an impressive climb in the wake of more Dollar slippage and crude oil holds its sway because of fundamental economics of demand and supply justifying the new benchmark pricing guide.

On Bloomberg today please read the following article on USD and the bonds markets and the grim performance of fund managers in the face of interest rate uncertainty -  http://www.bloomberg.com/news/articles/2015-05-13/dollar-holds-retreat-as-data-dims-rate-rise-outlook-crude-slips

and another very curious discussion caught my eye being a comment made by HSBC today on central banks running out of any policy room to kick start the global economy on wht is fast becoming the most serious recession of the modern international economy. Ever since 2008 central banks round the globe have been coordinating to breathe life into global hotspots and 6 years later where are we? slow growth and near zero per cent interest rates. Please read on Bloomberg -

http://www.bloomberg.com/news/articles/2015-05-13/hsbc-central-banks-are-running-low-on-ammunition


Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.

Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.

USDX

US Dollar
93.696     +0.078 +0.10%

Support 92.774   Resistance 95.104
Forward 1 year - 94.698. Flat line.

EUR  

1.134185     +0.012545 +1.12%

Support   1.11397    Resistance 1.14997

Forward 1 year - 1.14540. Flat line.

Crude Oil  

61.07     -0.42 -0.68%

Support  58.96      Resistance  62.62
Forward 1 year - 64.19. Low growth positive line.

Gold

1215.050     +22.645 +1.90%

Support  1,180.9           Resistance 1,237.1

Forward 1 year  -  1,223.9 Low growth line.




Pieter Bergli - DeLoren Trust Holdings

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Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer -  http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers