Articles by Greg Michalowski

Forex news for North American trading on August 23, 2017.
A snapshot of other markets at the end of the NY session shows:
– Spot gold +$5.29 to $1290.31. The $1300 level looms above
The post Forexlive Americas FX news wrap: Quiet NY session as market a…

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S&P down -0.35%
The major US stock indices opened lower and remained in the red for the rest of the trading day:
A down day for the market but certainly not a disaster.  

The post US stocks can’t get out of the red today. Modest declines. appeared first on Forex news forex trade.

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Extends above topside trend line on the 4-hour chart today
Yesterday, I posted about the EURBGP. At the time the pair was holding against topside trend line resistance ().   That trend line held at 0.9177 and the price did rotate modestly to 0.915…

The post R-E-S-P-E-C-T. You have to respect the breaks in the EURGBP appeared first on Forex news forex trade.

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NY correction held support. Options expired. The pair traded to new highs.
, I spoke to the option settle at 10 AM. There was a chunky amount expiring with a strike of 1.1790-1.1800.   At the option close, the price of the EURUSD traded at 1.1797 …

The post EURUSD doing what it should be doing (for the bulls that is) appeared first on Forex news forex trade.

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The DOE inventory data comes in line with expectations
The DOE inventory data came in as expected. So there has been a limited impact on the price of crude oil and the USDCAD.  Nevertheless, the USDCAD just traded to a new session low at 1.2555. &…

The post USDCAD keeping a lid against the 100 hour MA appeared first on Forex news forex trade.

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Forex news for North American traders on August 22, 2017
In other markets, the snapshot shows:
– Spot gold reacted negatively to the US dollars gains today. It was down -$6.55 to 1285.33
The USD moved higher in trading today. The greenback was supporte…

The post Forexlive Americas FX news wrap: Traders liked the USD today. appeared first on Forex news forex trade.

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Just say tax reform and stocks move higher
The US stocks benefited from chatter about tax reform. That, and a technical turnaround after the S&P and Nasdaq tested their 100 day MAs yesterday and held.  The major indices are closing with solid/…

The post US stocks end the day with strong gains on hope of tax reform appeared first on Forex news forex trade.

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A chink in the armor but can’t get a flesh wound
The Nasdaq fell for thee days coming into today. On Thursday last week, the 50 day MA was busted and there were lower lows and closes on Monday and Tuesday. The low yesterday sniffed the 100 day MA at 61…

The post S&P and Nasdaq just can’t turn the technical tide bearish for long appeared first on Forex news forex trade.

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