Merry Christmas & Happy Holidays from CountingPips.com
Forex Newsletter December 24, 2012
Currency Speculators add to US Dollar short positions. Euro bets at lowest short level of the year
The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators continued to add to their overall short position in the US dollar last week for a fourth straight week.
Using a Put Butterfly to Trade Cummins Inc.
The essential elements of the pattern are an initial impulsive thrust (classically termed the X:A leg), a reversal of 0.618 to 1.00 of the initial thrust (the A:B leg), a second thrust in the direction of the initial leg (the B:C leg), and the final reversal thrust opposite in direction from the initial X:A leg extending from 1.272 to 1.618 of the initial leg.
2012′s Top 5 Oil & Gas Plays
2012 has been a stellar year for oil and gas. From East Africa to North America, new technology, major new discoveries, an unparalleled appetite for exploration and a metamorphosing perception of risk have changed the playing field.…
Chart Example – How to Identify High Confidence Reversal Zones
Technical analysis offers several ways to spot pullbacks that indicate a reversal of the larger trend. When you use the Elliott Wave Principle, it can be very useful to “gain a consensus” from more than one indicator to spot a high-confidence trading opportunity.…
Trading the ABC Sentiment Shifts Ahead Of The Crowd
One of the most obvious keys to successful trading or investing is buying low and selling high. The problem being if it was that easy to pinpoint those low and high points then all traders would be batting 1000%. What we use at my ATP service is a combination of fundamental analysis and catalyst spotting inter-twined with charting techniques.
Oil Prices Could Drop Substantially: An Interview with Michael Levi
There’s been plenty of talk about potentially radical US foreign policy changes as a result of the shale boom. While one shouldn’t expect any dramatic US foreign policy move away from the Middle East, factors are influencing a greater focus on Asia. Only one thing is certain in this transforming world: The shale boom is real and the implications are many and difficult to predict.
TODAY’S FOREX HEADLINES:
- Market Trends 24.12.12 December 24, 2012
- Market Review 24.12.12 December 24, 2012
- Gold Regains Some Ground, “Good Demand” for Gold from India December 24, 2012
- Renewed “Fiscal Cliff” Fears Lead to Risk Aversion December 24, 2012
- Central Bank News Link List – Dec. 24, 2012: Japan’s Abe heaps pressure on BOJ to set 2 percent inflation target December 24, 2012
- Monetary Policy Week in Review – Dec. 22, 2012: Six of 14 central banks cut rates, policy debate picks up speed December 22, 2012
- Vietnam cuts rate 100 bps, 6th cut this year, inflation falls December 22, 2012
- Colombia cuts rate another 25 bps, no inflation pressure December 22, 2012
FREE RESOURCE:
In July 2008, when crude oil prices were at $148 a barrel and “peak oil” bulls were forecasting a rise to $200, even $300 a barrel, contrarian technical analyst Robert Prechter took the opposite stance: “One of the greatest commodity tops of all time is due very soon,”…
