Featured Article


NASDAQ: worth watching as it heads higher by Mary McNamara

The NASDAQ index and some of its stocks are worth monitoring as the index trades back up to the region of its all time high. Any bullish breakout and continuation on the index would suggest a similar tangent for its stocks. Some NASDAQ stocks on my watch list are setting up with potentially bullish patterns and appear […]

Don’t Care if You Make Money or Not in the Market by Sam Eder

“Whenever a trader says “I wish” or “I hope” they are engaging in a destructive way of thinking” – Bruce Kovner, Market Wizard A common mistake for the trader is to treat the market like a personal nemesis. The market is, of course, totally impersonal, but sometimes it can seem like it is out to […]

USDX: hits a bit of a wall by Mary McNamara

USDX Monthly: The new November candle is printing a bullish candle and sitting above the ‘resistance-now- turned support’ of the monthly chart’s bear triangle tend line Monthly Ichimoku: The new November candle is well above the monthly Cloud. Weekly: Last week’s candle closed as a bullish candle but the index stalled up near the highs […]

FX Closing levels: FXWW Chatroom

5pm NY Friday FX Closing levels:EURUSD 1.2454-56EURJPY  142.77-80USDJPY  114.59-61GBPUSD 1.5868-71USDCHF 0.9658-61EURCHF 1.2035-38AUDUSD 0.8634-37NZDUSD 0.7749-52USDCAD 1.1327-30 

NFP Overview via the FXWW Chatroom

The US generated 214k new jobs in October, and back revisions bump that total up by another 31k.The annual increase in jobs is 1.93%, the fastest rate of job creation since 2006. The unemployment rate  fell to 5.8%, average hourly earnings growth slowed to 2%, and to 2.2% for the old ‘non-supervisory’ series. The household survey […]

GS: G10 FX Spot Trader Views via the FXWW Chatroom

GS: G10 FX SPOT TRADER VIEWS POSITIONING => We have reengaged our EUR short going out the ECB given Draghi’s strong message, but prefer to tread lightly on EURUSD to give us a higher degree of manoeuvrability going into NFP today. Our positioning remains long USD across the G10 spectrum. Short EURUSD => We have […]

Citi: G10 Portfolio Update via the FXWW Chatroom

Citi:  G10 Portfolio Update: Lowering stop on short EURUSD (TOTW) We initiated a short EURUSD position as our Trade of the Week on Monday at 1.2470. We are now lowering the stop to 1.2425 to protect gains ahead of the US payrolls report. ECB dovishness presages additional EUR depreciation, particularly if investors move to discount […]

FX: Option expiries for today’s NY cut (10:00 NY, 15:00 London)

EUR/USD: 1.2400 (1.3BLN), 1.12450 (525M), 1.2500 (5.5BLN), 1.2550 (4.6BLN)USD/CHF: 0.9460 (1.65BLN).GBP/USD: 1.5900-05 (440M)EUR/GBP: 0.7750 (200M), 0.7900 (100M), 0.7950 (220M)AUD/USD: 0.8600 (1.1BLN), 0.8650700M), 0.8675 (796M), 0.8700 (467M), 0.8750 (2.1BLN)NZD/USD: 0.7720 (200M), 0.7800 (201M)USD/JPY: 115.00 (300M), 114.00 (525M)USD/CAD: 1.1500 (675M), 1.1350 (600M), 1.1300 (1.2BLN) 

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