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by
Vadim Pokhlebkin
9/18/2009 4:30:00 PM
Trading the EUR/USD has not been easy lately. The exchange rate between the euro and the U.S. dollar (the most widely-traded currency pair) hasn't made much net progress, but it's made up for that in spades by choppy, volatile, sideways-moving market action. When the going gets tough, the tough get going, right? Before you say yes, read these thoughts...
Filed Under:
dollar, euro, forex, Euro dollar exchange rate, Currencies, trading
Category:
Currencies
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by
Vadim Pokhlebkin
6/16/2009 2:00:00 PM
When market players' sentiment reaches an optimistic or pessimistic extreme, more often than not you can expect prices to reverse. Ironically, those also are the moments when almost everyone (everyone who is not paying attention to sentiment measures) is convinced that the trend will continue. The latest action in the U.S. dollar is a good example of that...
Filed Under:
u.s. dollar, Euro dollar exchange rate, market sentiment, forex
Category:
Currencies
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by
Vadim Pokhlebkin
12/9/2008 6:15:00 PM
You may say, after last week's devastating U.S. jobs report the dollar has already lost big – and it's only the beginning. From the standpoint of the conventional economic wisdom, that's true. Of course, it's the same "wisdom" that was calling for the dollar's complete collapse back in July of this year, when the EURUSD was at $1.60. Since then, the U.S. economic picture has only gotten weaker – while the U.S. dollar has only gotten stronger.
Filed Under:
Euro dollar exchange rate, eurusd, u.s. dollar, forex
Category:
Currencies
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by
Vadim Pokhlebkin
10/28/2008 10:45:00 PM
On Tuesday, October 28, the euro-dollar exchange rate, known to currency traders as the EURUSD, rallied over 400 points (or pips). In a single day, the huge rally vaporized 4 full cents of the U.S. dollar's recent gains against the European currency. Surprisingly, on Tuesday afternoon the mainstream financial media didn't have much to say about the rally...
Filed Under:
Euro dollar exchange rate, u.s. dollar, irrational exuberance, currency
Category:
Currencies
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by
Vadim Pokhlebkin
10/21/2008 9:00:00 PM
Why is the dollar gaining? Apparently, hedge funds were "returning to cash in anticipation of massive investor withdrawals." Plus, said analysts, Ben Bernanke's new proposal for another U.S. economic stimulus package added optimism to the dollar's future. Every time I read reports like these, I think of how well they explain the market action – and yet how utterly useless they are for a forex trader. Let me ask you a question...
Filed Under:
Euro dollar exchange rate, eurusd, forex, Bernanke
Category:
Currencies
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by
Vadim Pokhlebkin
9/14/2008 12:00:00 PM
Sometimes, a market rallies or crashes seemingly for no good reason at all. In the stock market, the most vivid recent example of that occurred on September 04, when the DJIA went and lost 345 points. The decline stumped almost everyone, because there was nothing – nothing – in the news that day that could have reasonably explained it. In currencies, I would call the EURUSD’s rally that started on September 11 a good example of the same “mystery move.” Consider the facts...
Filed Under:
forex, eurusd, Euro dollar exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
9/9/2008 5:00:00 PM
Since mid-July, the U.S. dollar has gained almost 20 cents against the euro. From a currency trader's perspective, that's about 2000 points (or pips) in one direction – down – in less than two months. The best way to describe this action in the EURUSD is – "falling like a rock." What happens next?
Filed Under:
Euro dollar exchange rate, forex trading
Category:
Currencies
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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