We are not suggesting the Dollar bulls are running wild,
however, every rally in hindsight has a defining moment.Every forex trader on the street is aware
that when the Dollar bulls get set free they are going to come charging.Even if you are a skeptic to the end just the
mere massive unwinding of the carry trade would rocket the Greenback.
Our pick would be the NZD and here 3 reasons why:
Performance â€“ Going back to March 9th, 2009
through December 7th, 2009 the top performing G-10 currency (on a
percentage basis) against the Greenback has been the Kiwi.It is up 47.24% which is quite shocking given
the New Zealand economy is not among the largest of the G-10. To put some
perspective on it the EUR is only up 19.59% and the GBP 20.57%
Technical â€“ There are 2 obvious technical reasons that stand
out to us.A) A pattern we look for are
lower lows and lower highs and vice versa.In the chart below we have depicted the initial emergence of this
pattern. B) The Kiwi is already trading below its 50 day MA and on the verge of
taking out its 100 day MA, a more significant breakout level than the 50 day
MA, which many other G-10 currencies have yet to crack.
Commodities â€“ The Kiwi benefits from rising commodity prices
as it is a commodity currency.Commodity
prices are quoted in USD so as the Dollar strengthens commodity prices
cheapen.If commodity prices cheapen so
will the NZD.
Combine these three factors and you may see significant
price action on this pair.Of course if
the Dollar rallies all currencies will be on their heels but as a trader you
are looking for the best trade, and this may be it.We define the best trade as the one with the
best risk to return ratio.
Forex Trading News
Daily Forex Market News Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Forex News Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
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Mon 18 Dec
10:00 EZ- final HICP Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes Mon 25 Dec
00:00 Christmas Holidays
Potential Trading Opportunities
POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.
POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity
POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.
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