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September 2010
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August 2010
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Blake Morrow
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Related Posts
Non Farm Payroll - Watch the 10 Year
Blake Morrow
Non Farm Payrolls Preview 9-2-10 It's that time of the month again that traders patiently wait to see the health of the US employment situation. And this month we are expected to shed about 120K jobs by most economist's expectations. Personally, I have given up trying to guess the number. There...
on
Thu, Sep 2 2010
EDGE Chart of the Day 8-13-10 US Dollar Index Daily Chart
Blake Morrow
US Dollar Index Daily Chart The US Dollar index had a massive reversal this week coming out of the descending wedge pattern this week. Given the fact that the EUR/USD breached the 1.2780 (38.2% retracement) it looks as if the 38.2% retracement may be hit before long (at 83.65 on continuous) and may pull...
on
Fri, Aug 13 2010
Thoughts on the US Dollar Recovery - Day 1
Blake Morrow
USD - Day 1, recovery After weeks of getting smashed, the US Dollar is having its day in the sun. And frankly, there could be a few more "days in the sun" in store before we are all said and done. Articles are already surfacing (can you believe it?) that yesterday was the "beginning of...
on
Wed, Aug 11 2010
Non Farm Payroll - US Dollar possible reaction
Blake Morrow
Non Farm Preview - US Dollar reaction for 8-6-2010 The US Dollar has had a unique association with risk in recent years. When markets are fearful, they tend to buy US Dollars for safety. And when the market want to take on more risk, they tend to sell their dollars and buy other assets (i.e. stocks,...
on
Thu, Aug 5 2010
US Dollar Gets Slammed and Tests Major Levels on the Majors
Blake Morrow
The USD has another big down day today as the stock market managed to hold up well, and talk of more Quantitative Easing by the Fed makes the rounds. Technically speaking, the USD index (continuous) did test its 200 day SMA today and by the close of the US equities market, we could very well hold it...
on
Tue, Aug 3 2010
What Could Hamper the Rise of the EUR/USD?
Blake Morrow
Please excuse my "editing tool," my "numbering" did not translate from my original document. Blake Morrow What could hamper the rise of the EUR/USD from here? The EUR/USD has had a very impressive rally in the last several weeks off the June lows below 1.1900, but there several factors...
on
Thu, Jul 29 2010
US Dollar: Major Levels tested, most hold
Blake Morrow
Today's price action in the market did two things for us today: Reinforced to us that the S&P is following its downtrend line from the highs above 1200. Not only are we following it, today's market action says we got "rejected" at it. We can now identify where the "line in...
on
Fri, Jul 16 2010
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