240 Minute Bars Prepared by Jamie Saettele, CMT The multi month USDCAD range has been resolved to the downside therefore my bias is to the downside. Today’s advance off of GDP offers an opportunity to align with the larger downtrend. Resistance extends to 9925 and risk on shorts should be above 9980. Bottom Line (next 5 days) – sideways/lower?
Today economic data releases are relativity light today. Release schedule for today are as follow:
The US Dollar (ticker: USDOLLAR) is set to bounce off of recent range lows against the Euro, Japanese Yen, and other major counterparts as forex market volatility suggests range trading will be the top strategy in the week ahead. DailyFX Individual Currency Pair Conditions and Trading Strategy Bias
Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9830.8 9844.1 9816.27 0.07 55.72% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.07 percent higher from the open after being oversold on Friday, and the greenback should continue to retrace the decline from earlier this month as we expect the Federal Reserve to conclude its easing cycle this year. However, the technical outlook
This morning saw a flurry of economic data pushing the U.S. markets around ahead of the Friday’s Non-Farm Payroll
Talking Points Euro: Spain Faces Double-Dip Recession, Triangle Continues To Take Shape British Pound: Clears 23.6% Fib, RSI Bouncing Around 70 Euro: Spain Faces Double-Dip Recession, Descending Triangle Continues To Take Shape
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
Week of April 30, 2012 Economic Calendar.
As we start last day of trading for the week the market’s weekly outcome reminds clouded. Both the Dow 30 and S&P 500 remind positive for week, however, the NASDAQ is in negative territory on a two day losing streak for all three indexes.
Week of April 15, 2012 Economic Calendar.
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