Will the FOMC keep a neutral outlook on the interest rate, or raise it once again? In Chairman Ben Bernanke’s semiannual monetary policy report on February 15 he outlined several reasons for the FED not to increase or to decrease the interest rate in the near-term. First, the U.S. economy is showing potential for consistent [...]
Archive | February, 2007
Head and Shoulders
We have an early head and shoulders formation on the NZD/USD monthly chart. Many would wait until the bottom of the shoulder before taking a short, but even if you target the middle of the shoulder you have about a 400 pip move possible. Beware this trade could take a while to develop as we [...]
Trading Oil With Foreign Exchange
There are numerous methods of trading oil. Futures is the method most commonly used and the most popular. While futures are a pure oil play, there are also drawbacks to trading oil futures. One of them is when you buy and hold oil you pay the carrying charges priced into the oil futures, where most [...]
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