www.youtube.com/watch?v=q4pMBO899PY

Hello Traders!

With the first few days out of the way, we still have a very unclear market. Despite our preference to see a weaker dollar, we are seeing growing signs of risk aversion and an increase in yen and dollar strength. This is unfavorable as we’ve been waiting to enter long dollar positions at better prices. With the increase in market uncertainty, only a break below certain levels should confirm this analysis. Just a few hours before London opens, we’re continuing to see a stronger Yen. We are set for a slew of economic releases over the next 72 hours, so expect volatility. Our technical analysis for the major currency pairs is provided in the video.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

With the Labor Day holiday behind us, we’re now looking for volume to pick up. It may be a bit rocky at first, but we’re looking for direction so we can catch the next big wave. As most of you already know, we’re looking for short term dollar weakness  over the next few weeks (possibly consolidation) and then for dollar strength into the end of the year.  It’s also very possible that we’ll see dollar strength as soon as this week. We’d like to see a full day’s worth activity before getting into any big positions. As of now, the buck and the yen are both stronger and if the trend continues, we could see a rally over the next 24 hours.  No video analysis today. Depending on price action, we may release a video before the London session begins. We just want to make sure the recent price action is backed by good volume.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=w0-yp3UVROw

Happy Monday Traders!

A LOT OF ECONOMIC DATA to be released this week. With very little data from the US, other global economies will now be in the forefront and traders are looking for confirmation that we’ll see further risk appetite. This will be dictated by results from this week’s economic data. We would like to note that global economic data has been very inconsistent over the past few months. We think this will eventually catch up with the market and we will see the buck continue to strengthen on concerns that the economic woes that everyone thought have passed, will come back to haunt the markets.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=bVCdSLZ7wx4

Happy Friday Traders!

With Non-Farm Payrolls on deck, not much to say other than we expect consolidation and a quiet market ahead of the scheduled employment figures. We’ll have a more in depth market analysis during our FREE live trading session! Come join us! Please register using the button below.

Trading Session: Trading Non-Farm Payrolls September  3, 2010
When: Friday, September 3, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE

Sponsored by:

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=IpphhUYNBMw

We had a lot of requests from our members asking us about Elliott Wave analysis and how it can be applied to the FOREX market. We’re pleased to introduce to you, Lara of Elliott Wave Forex.  The video above is an example of how Elliott Wave analysis is applied to the FOREX market. In this case, we’re looking at the EUR/USD pair.  We use this analysis in conjunction with our own daily analysis. Our confidence increases when our analysis matches the Elliott Wave analysis done by Lara. More information can be found by clicking HERE.

www.youtube.com/watch?v=wMorhoPsHqo

Hello Traders!

Another solid day for traders that sold the dollar yesterday.  For now, we expect dollar bears to resume selling following the ECB press conference. We anticipate Trichet will support the European economies and will most likely state that things are progressing in the right direction. This should alleviate some concerns in the short term and push the majors higher. We also saw good support across the yen pairs, and with the Dow Jones continuing to trade above 10K, risk aversion shouldn’t be a topic until US NFP data. Don’t forget to register to trade with us for FREE during the NFP LIVE! trading session.

Trading Session: Trading Non-Farm Payrolls September  3, 2010
When: Friday, September 3, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE

Sponsored by:

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=VUCsU82moKA

Hello Traders!

A mixed day across the majors yesterday.  With a lot more economic data up on deck, we’ll look to trade today’s UK data during our Live trading session. A lack of correlation is a cause of concern of possible reversals. Technically, the yen looks to continue strengthening; however, we expect consolidation before Trichet’s press conference and Friday’s Non-Farm Payrolls data. We don’t want to see the market sell-off into safe haven currencies until later this week or early next week. With the market lacking direction, many trade ideas may be short lived.

Trading Session: Trading Non-Farm Payrolls September  3, 2010
When: Friday, September 3, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE

Sponsored by:

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=FzUfr7ACvNk

Hello Traders!

What a wild day for the Yen pairs. Just as we predicted, the yen continued to strengthen despite BOJ’s efforts to increase liquidity. The details are covered in the Bloomberg article below. Once again we are uncertain as to what may happen next, but technically, the sell-off that followed the initial move higher across the yen pairs, is now pointing to a continuation and this may be the setup for another big move in the next few days. There is still a lot of uncertainty and these current trading conditions are becoming even more dangerous. We have been anticipating dollar losses before the next move in its favor, but the next wave of dollar and yen strength may now be in the works. With NFP coming out this Friday, expect big moves with lots of volatility. We will be sending out a link tomorrow for our readers to join us this Friday for a FREE Live! Non-Farm Payrolls trading session.

News Article: Click HERE.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

www.youtube.com/watch?v=aOjzlNew_Gw

Happy Monday Traders!

A lot of economic data to pay attention to this week. We are bullish on the dollar but are concerned for short term losses. Technically, the dollar looks good against some of the majors, but is showing some signs of a slowdown. NFP is due to be released this Friday, and with traders coming back from summer vacation as well as next week’s US Labor Day holiday, we think next week’s price action will set direction for the remainder of the month and perhaps the 4^th quarter. As far as this week, we’ll do our best to find good trading opportunities, but we anticipate a rollercoaster ride, so trade with caution.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.