Delicate Times In FX -- Here's Why

David Floyd

While the macro backdrop suggests dollar bulls do not have much to go on, the charts tell a much more coherent story.  One cannot argue price action; (more)

What Drives Forex Rates?

David Floyd

As we head into the home stretch of the summer of 2004, (more)

Trade Yen? This Is The Key Driver

David Floyd

A pattern seems to be developing in recent weeks: every 5 days of so, the market has a huge one-way move, then consolidates for another 5 days, or at the very least until some important e (more)

Using Ratio Analysis To Uncover Intermarket Relationships

David Floyd

As I indicated last Monday, I will look at one way that you can use ratio analysis to uncover intermarket relationships.  By this I mean the positive or negative correlations that may exist between (more)

How To Use Ratio Analysis To Identify RS

David Floyd

From a daily/weekly standpoint, the S&P remains mired in a trading range at these levels, with clear lines in the sand above and below.  Just remember that the l (more)

Here's The Pattern I'm Watching

David Floyd

The dollar index has finally broken down after testing the upper portion of the weekly trend channel (more)

These Stocks Are Worth Keeping An Eye On

David Floyd

With the long holiday weekend upon us, terror threats looming, and a Consumer Confidence Number due at 9:45 AM and The Chicago Purchasing Managers (more)

Here's An Interesting Volume Statistic

David Floyd

Not even two very disappointing economic reports (Durable Good and New Home Sales) and new threats of terrorism can take this market down.  While that (more)

How China And Canada Factor Into The Oil Equation

David Floyd

While it may still be a bit early to declare an end to the recent trading range, Tuesday afternoon's run to the upside (stopped at 50 day EMA) may be the move the market needed to get a little volatility back into the fold.  (more)

This Is A Great Indicator Of The Long Term Trend

David Floyd

The dollar index still looks very undecided, although it had a decent sell off against the JPY and the CAD, upon testing critical levels at 115.00 and 1.4000, respectively. (more)

Key Technical Levels

David Floyd

If there were two words that sum up major markets presently, FX included, it is “risk aversion”.  The last two weeks have produced sideways price action with no real (more)

Solid Technical Levels For The E-Minis

David Floyd

As traders we can only hope that the lack of activity in recent sessions is drawing to a close.  The futures are up on the hells of the HPQ news, the question (more)

Key Technical Levels

David Floyd

What started off as a day where there seemed to be the possibility of some "one way" bets turned out to be yet another day of range-bound, waiting-for any-piece-of-news type trading day. (more)

I'm Watching This Longer-Term Setup

David Floyd

Looking ahead, one pair I am watching for a future long-term sell entry point is in the USD/CAD (Canadian dollar).  Although the trade is not quite there yet, it appears to be approaching.  Commodity prices have gotten absolutely hammered recently, and along with them the commodity currencies have taken a tumble.  (more)

Keep An Eye On These Stocks

David Floyd

After Wednesday's late day surge the markets appeared to take a breather albeit not giving up anything from the day before.  A few attempts to breach (more)

Trade The Euro? Here's Why Tomorrow Is Important

David Floyd

The market took a breather yesterday after several days of being roughed up.  Trading was very muted though.  Action was choppy and moves were (more)

This Short Would Be Foolish

David Floyd

It was yet another heavy day in the markets as more technical levels were breached in the S&P's.  Despite the good news economically, it seems to be (more)

Take A Look At The Gold Index -- Here's Why

David Floyd

The Fed meeting did indeed provide some fireworks last week, in both bonds and stocks. The bonds took a further beating on the release of the unemployment figures (more)

Here's Where I See The Most Potential

David Floyd

Yesterday's late day rally (a.k.a. jam job, buy program, bargain hunters and who can forget the short covering rally) rescued the S&P's from a certain black eye technically (more)

Five Rules For This Market

David Floyd

As we all know by now, outside events or news are the driver of the market recently.  It seems as if not a day goes by where the market is waiting for some (more)