Featured \Nick Nasad \ 6:41 PM EST \ January 21st, 2010
The Yen gained sharply against its major rivals as traders were concerned over proposed US banking regulations. That news hurt US equities and caused a sharp slide in investor sentiment weakening higher-yielders. The Pound was weaker on budget and money supply data, while the Euro traded choppy vs the greenback.
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JoelKruger: $AUDUSD: A break back under 1.0700 will now be required to negate the bullish price action and open the door for a bearish reversal. 26 minutes ago from web
JoelKruger: $AUDUSD: While we disagree with the RBA decision and think it will eventually come back to strain the economy, right now can't fight trend. 59 minutes ago from web
JoelKruger: $EURUSD: Still locked in a multi-session consolidation and needs to break below 1.3025 or back above 1.3235 for clearer directional bias. 2 hours ago from web
JoelKruger: $GBPAUD: The combination of an unexpected RBA rate hold and some softer UK BRC retail sales have weighed heavily on this cross rate. 2 hours ago from web
DavidJSong: $AUDNZD: Clears the 20-Day SMA (1.2932) as it rallies to a high of 1.2939. Definitely a better entry on the pending short trade. 2 hours ago from web
JohnKicklighter: The ASX 200 gave back its earlier gains. Now 0.5% underwater. Apparently, share holders wanted the Fed treatment. 3 hours ago from TweetDeck
JohnKicklighter: ...I'm not a fan of that $AUDJPY Tidal Shift signal unless we clear that 61.8% Fib (of 4/28 to 10/4 bear wave) at 82.85 and risk advances. 3 hours ago from TweetDeck
JohnKicklighter: $AUDCAD and AUDNZD have cleared relative highs (the former a record). The Tidal Shift strategy just put up a long AUDJPY signal as well. 3 hours ago from TweetDeck
alaidi: RBA surprising rate hold at 4.25% is aimed at helping out banks by not forcing them to pass on lower rates. Cost of k gone up #forex 3 hours ago from TweetDeck
JohnKicklighter: Dovish rhetoric from the RBA, sure; but this is the same quality of commentary we have heard over the past three rate decisions. 4 hours ago from TweetDeck
JohnKicklighter: RBA: Housing prices are starting to stabalize, interest rates for boarrowers near average, terms of trade are starting to ease. 4 hours ago from TweetDeck
JEliasof: RBA: "Growth in China has moderated as was intended, but on most indicators remained quite robust through the second half of last year." 4 hours ago from web
JEliasof: RBA: "The acute financial pressures on banks in Europe were alleviated considerably late in 2011 by the actions of policymakers" $AUD #forex 4 hours ago from web
JohnKicklighter: A hold fits, the prevailing risk trend and this $AUDUSD channel. Now the question is what happens going forward. 4 hours ago from TweetDeck
JohnKicklighter: Remember the prevailing trend in risk and A$ is bullish. And also consider that we have already seen two RBA cuts and another is expected 4 hours ago from TweetDeck
JohnKicklighter: Is that a H&S from $AUDUSD I'm seeing on the 120min chart after a steady cbull channel...Neckline and channel bottom around 1.0680. 4 hours ago from TweetDeck
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Daily Video Recap: Yen Gains Sharply Following New Proposed US Bank Regulations
Featured \ Nick Nasad \ 6:41 PM EST \ January 21st, 2010The Yen gained sharply against its major rivals as traders were concerned over proposed US banking regulations. That news hurt US equities and caused a sharp slide in investor sentiment weakening higher-yielders. The Pound was weaker on budget and money supply data, while the Euro traded choppy vs the greenback.
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