There are new companies launched every day in the forex world. Well nigh on half of them are selling products that involve getting rich quick by trading news. Trouble is, few execution services are good enough for people to consistently make money trading news. This is the case even in the world […]
In recent articles I’ve discussed the two primary options for trading the price of oil directly. One is oil futures, and the other the oil ETF (exchange traded fund, symbol USO). I recently became aware of another option, which is as close as a private investor can get to trading spot oil, to […]
One pound gets two dollars? Almost. Just before 8AM EST this morning the British pound reached 1.9917 dollars. This makes it the highest it’s seen since 1992, and is very close ( about 200 pips or two pennies away) to a 26 year high from back in 1982! Numbers have been strong out of the […]
I’m going to get a bit technical here, so please pardon me.
However it’s well worth it if you’ve ever invested in an instrument related to the price of oil, or if you look to in the future. There are far too many ways to invest in oil, and some of them are not […]
Everyone talks about the smart money and the dumb money. These terms tend to be a bit silly if only because they require circular definitions. Smart money is “smart” because it makes money, but if it stops making money, it becomes dumb money. The terms, however, imply that those making money rarely […]
After hitting the top of the range for the fourth time and turning around, the USD/CAD looked as though it would make the round back to the bottom again. But that would have been too easy right? So instead it drops over 100 pips yesterday only to come back and close only down 40, and […]
Euro strength continues, and the loonie is still falling apart. Together this makes for one of the most volatile pairs consisting of G7 currencies. EUR/CAD has gained approximately 1200 pips in about 35 trading days.
Posted in Trading, Futures on December 8th, 2006 No Comments »
Crude palm oil futures were supposed to be in the market being traded by the end of the year on the Joint Asian Derivatives Exchange (JADE), but traders will have to wait.
From Reuters:
Trading in futures contracts of Indonesian palm oil will now debut in the “early first quarter of 2007,” a CBOT spokeswoman told Reuters.
She […]
EUR/USD and GBP/USD have been slaughtering the dollar recently, but we haven’t seen as much movement in the non-European currencies against the dollar. That may end soon. The width of the Bollinger Bands on the monthly chart are the lowest in over 10 years for the AUD/USD. The pair has tried and […]
Following the foreign exchange markets closely we have to post about the dollar. The EUR/USD broke above 1.32 today for the first time since early 2005. So after the 5000 pip three year rally from .85 (60% gain), the most the seventeen consecutive rate hikes by the Federal Reserve would cause the […]