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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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Jobs Report Jolts the Australian Dollar
By Ralph Shell | 1:10 PM Mar 14 2013 | 1370 Views | 0 Comments | 
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There are some similarities between the most recent US Non-Farm Payroll Report and today's Australian Employment Change Report. Today it was announced there was a 71.5K increase in new hires during the last month, more than the anticipated 10K and the 10.4K last month. The unemployment r...
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What if the British are Better Off Out?
By Ralph Shell | 11:59 AM Mar 13 2013 | 909 Views | 0 Comments |
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Yesterday (Tuesday, 12 March 2013), we noted the British pound has been under pressure, moving down from a high of 1.6230 on the 2nd of January 2013 to a low yesterday of 1.4831. At the beginning of the year the open interest (OI) in the British pound futures at the CME was 175K contracts.&nbs...
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Latest COT Report Data 06 14 2011
By Ralph Shell | 7:00 PM Jun 18 2011 | 3690 Views | 0 Comments |
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Typically the expiration of a futures contract results in a large contraction in the open interest (OI), and this period was no exception. T he biggest decrease was in the euro, 101,249 contracts, followed by the A$, 29,856, and the pound, 22,668. Only the C$ had an increase in the OI, 1...
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Time for an Aussie Rally?
By Ralph Shell | 1:26 PM Aug 10 2011 | 3422 Views | 0 Comments |
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Equity market continue their wild fluctuations with no apparent end to the extreme volatility. An experienced trader years back, told me not to expect calmer waters once you are over the waterfall. How true is it. The US Dow and S&P are both down, approaching 3% today.
Negat...
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CFTC COT Report-Speculators Reduce USD Long April 9 2013
By Ralph Shell | 11:38 AM Apr 14 2013 | 851 Views | 0 Comments |
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When all the numbers are tallied, the spec, in the major currencies covered, reduced his USD long position by some 22K contracts. Considering the total amount of trade in the currency market, this is a minor reduction in the USD long. The biggest reduct...
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Building a Forex Position
By Ralph Shell | 10:21 AM Apr 26 2013 | 766 Views | 0 Comments |
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Commenting this week on our website, a trader was celebrating because his long GDP/USD, that he had built over the past few weeks, was paying off. In my opinion, the money you make from building and holding a position over a period of time is money you well deserve. During the peri...
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Currency Specs Sell the USD-COT Report 01 15 2013
By Ralph Shell | 6:38 AM Jan 21 2013 | 1831 Views | 3 Comments |
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Currency speculators increased their USD shorts taking their net short position in the Dollar to over 200K contracts for the first time in months; this is up from our revised number from last week of 143.5K. We found a mistake in last week...
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Specs Continue to Hold Big USD Short-COT 10 16 2012
By Ralph Shell | 8:08 AM Oct 22 2012 | 2614 Views | 0 Comments |
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The most recent weekly COT report show that the specs are short the Euro, and they have even larger positions short the USD and long the commodity currencies (Canadian, New Zealand, and Australian Dollars). The position, long these three currenc...
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More Euro Difficulties Seem Likely
By Ralph Shell | 10:53 AM Jul 11 2012 | 3616 Views | 0 Comments |
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Today in Madrid Spanish Prime Minister Mariano Rajoy, bending to the wishes of Berlin and Brussels, announced the next dose of austerity, intended to produce €65B in savings. The previous austerity measures have sent unemployment soaring, 24% overall and up 50% for the young, and has...
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Stocks Higher in Black Friday Trade and USD Sinks
By Ralph Shell | 10:00 AM Nov 23 2012 | 1827 Views | 0 Comments |
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Equities have continued their rally with no negative news to derail the week's earlier trade. Fears of the 'fiscal cliff' are off the front page as President Obama tours South East Asia on what might be called a mystery tour. Currently, the US Equity averages are up .7%, following the lead of the Eu...
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CFTC COT Currency Report- Specs Add to USD Long April 23 2013
By Ralph Shell | 10:25 AM Apr 28 2013 | 783 Views | 0 Comments |
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The speculators net long in the USD increased last week to 328K contracts, up from 300K in the prior week. Most of the change came from selling in the Australian Dollar versus the USD. There was also a small reduction in the sh...
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Forex Markets Require Nimbility Today
By Ralph Shell | 9:58 AM May 02 2013 | 492 Views | 1 Comments |
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There has been a steady stream of meaningful reports that has resulted in a lively trading session. We started the day with seven European PMI's. Although the numbers from Germany, Italy and a few other countries were moderately positive, there was nothing exciting in the PMI's.
Late...
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Not Every Trade Makes Money
By Ralph Shell | 7:45 AM May 08 2013 | 376 Views | 0 Comments |
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How true it is, not every trade does make money. Traders, after analysis of various inputs, reach a conclusion, and enter the trade. The analysis can include a myriad of inputs. Initially, most traders tend to rely on technical analysis, probably because it is easier to get a rudim...
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Is Cheaper Crude Weakening the Canadian Dollar?
By Ralph Shell | 10:29 AM May 15 2013 | 361 Views | 0 Comments |
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For the fifth day in a row, WTI (West Texas Intermediate) crude traded lower - under 93 for the June contract. Granted, there is much more to the Canadian economy than energy, but it is the biggest source of export revenue. The Alberta oil sands are estimated to be the third largest rese...
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Does Breach of the 1.40 EURUSD Signal More Weakness?
By Ralph Shell | 12:56 PM May 23 2011 | 3846 Views | 0 Comments |
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Perhaps the same analyst who erroneously concluded the Japanese natural disasters in March were bullish on the yen are touting a strong USD today. The ravages of nature, floods, rain and tornadoes continue to destroy wide swaths of the South and Mid-West, leaving abundant rebuilding projects.&...
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Is the Pound Really a Haven Currency?
By Ralph Shell | 12:31 PM Aug 15 2011 | 3310 Views | 1 Comments |
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Absent further credit downgrades, and forecasts of imminent financial disasters, equity markets have started the week in positive territory. However the volume is light. Asian markets, playing catch up from Friday's late activity, got the rally started, and Europe kept it going.
The r...
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Weekly Currency Trade Not for the Timid.
By Ralph Shell | 12:52 PM Aug 05 2011 | 3304 Views | 1 Comments |
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Nervous markets have a short attention span. The much awaited US Non-Farm Payroll report was supposed to be today's market driver, however markets quickly digested the numbers and moved on. The total increase in the NFP was 117K, better than anticipated, and better than the last NFP repo...
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Are We Close to another Swiss Franc Rally?
By Ralph Shell | 1:24 PM Sep 01 2011 | 3287 Views | 0 Comments |
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When analyzing markets, it is always a challenge to estimate what the final price a particular move might be. Bold forecasts, suggesting there is a specific price target, make headlines, attract readers, but once achieved, is this attributable luck or shrewd predictive skills?
There are oth...
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Shortcuts and Syndication
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Author Bios
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Ralph Shell: Ralph did his graduate studies in economics and history at Duke University. He has ten years experience trading cash commodities in domestic and export markets and is a former commodity analyst with Merrill Lynch in Chicago. He was a member of and floor trader at the Chicago Board of Trade for 18 years.
Forex Captain: The Forex Captain has been a strategy developer and forex trader since 1998. From 2002 till 2009 he ran a successful managed account based on his tradestation coded strategies at FXCM. In 2007 his managed fund was ranked in BarclayHedge Rankings as one of the Top 10 Currency Traders managing less than $10M & more than $1M. Since 2009 he has been developing Expert Advisors in MQL4 for private trading, and from June 2010 he has joined the Project Triumph team as a currency analyst and project manager.
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High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
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