Global-View D.O.G. Index July 28, 2011 U.S. Close

July 27 2011 by Milla Schmidt in Forex Release |No Comments | Tags: Close, July 28

19:55 GMT July 28 The GlobalView.com D.O.G. investor purchasing power index is closing in North America at .4974, +0.14% from its Wednesday close .

As for its key subcomponents, the USD forex purchasing power index is .7228, +0.14% . The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1784, +0.01% .

Against crude, it is at 0.4591, +0.25% . The D.O.G. Index base is 1.00. It is set against levels from the start of 1999, as of the initial launch of the euro .

Trend Follow a Robust Technical Analysis Tool

July 27 2011 by Aidan Creal in Forex Release |No Comments | Tags: Analysis, Technical Analysis

Technical Analysis:

Technical analysis is the study of price action and the view that all the availabe information in the marketplace is priced into the market.  There are numerous types of technical tools which include trend following indicators, momentum indicators, oscillators and mean reverting indicators.

Technical analysis also includes the ability to find support and resistance levels, that allow a trader to enter and exit the market, using the most proficient risk management techniques.  Additionally, creating trend lines, that will determine if a market is breaking out or consolidating is helpful when trading the capital markets.

Trend Following:

Trend following strategies are technical analysis strategies that analyze historical price action to determine the future direction of the market.   A trend is when the market follows a specific direction and this direction continues to perpetuate over a medium to long term period.  One of the best ways to follow a trend is to use moving averages.

A moving average is an average where the latest days are dropped off the average calculation.  In a 20 day moving average, on the twenty first day, day 1 is dropped off the average calculation.  An example of analyzing a trend is as follows.

One of the best trend strategies is the moving average crossover strategy.  This is a strategy that looks for a short term moving average crossing above (up-trend) or below (down-trend) a long term moving average.

Say an investor examined the prices of the USD/JPY currency pair and the 5 day and 20 day moving averages of this currency pair, a trend can be potentially defined when the 5 day moving average crosses above or below the 20 day moving average.

Moving average strategies are solid technical trading strategies and they are solid at defining trends, but on their own, they do not always generated the best entry point into the market.  Most trend following strategies will create signals that are wrong more than they are correct, but the money that you make during the trend, far out ways the money that you might lose when you are wrong.

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GVI Forex- Data Outlook for July 27, 2011

July 27 2011 by Milla Schmidt in Forex Release |No Comments | Tags: July, July 27

Jul 26 UPCOMING DATA HIGHLIGHTS for Wednesday, July 27:

  • Far East: AU CPI.
  • Europe: EZ M3, Private Loans. CH KOF Index. GB CBI Orders.
  • North America: US Mortgage Stats, Durable Goods Orders, EIA Inventories, 5YR Auction, Beige Book.

EURO Rallies in Post-NFP Trading

July 27 2011 by Spencer McKay in Forex Release |No Comments

We are seeing a mixed picture developing between FX sentiments and positioning with a backdrop of larger macro-elements also changing. With China, Taiwan, HK and Korea on holiday today, FX markets were range bound during the Asian session and should stay subdued as the economic calendar today is light.

As we creep closer to the imminent bailout, FX traders have increased their long risk-correlated positions. IMM data this week showed that USD shorts had increased while EUR, AUD and CAD longs also increased. EURUSD was able to close comfortably above 1.4600 on Friday on the news that the troika of EU / IMF / ECB had reached at least a staff level agreement with Greek policymakers. Read more…

The Insider Sell Signal

July 26 2011 by Aidan Creal in Forex Release |No Comments | Tags: Sell, Sell Signal

–If you want to know when to sell bank shares, just pay attention to who’s retiring. In March of 2007, Executive Chairman David Clarke and Deputy Chairman Mark Johnson announced their respective retirements from Macquarie Group. Johnson was also the Chairman of Macquarie Infrastructure Group—a business model requiring enormous amounts of leverage.

–And after making a tidy $33 million in 2007, Macquarie’s Chief Executive Officer Allan Moss announced his retirement in May 2009. It Australian banks, retirement, stocks, market, US, debt, debt ceiling, was a great trade for him. You can see from the chart below that once the price of credit went up around the world in 2008, Macquarie Group struggled. The insid

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