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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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Will the Loonie's Popularity Last?
By Ralph Shell | 9:49 AM Sep 27 2012 | 3400 Views | 1 Comments | 
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If we can use the Canadian Dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our recent quarterly review of the volume changes in currency trading, we noted the remaining open interest in the C$ was 207K contracts when the September futures contract expir...
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Riots Interrupt Parliament's Holiday-Fed Has Few Answers for Slowing Economy
By Ralph Shell | 2:15 PM Aug 09 2011 | 2119 Views | 0 Comments |
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Recently the pound trade has suffered from a lack of conviction, with no evident trend. Some days the pound, versus the euro, is regarded as a haven of sorts, removed from the euro's debt problems, and maybe a place to park some money. Then, with a glum economic forecast, the pound longs...
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Australian Dollar Rallies with Global Equity Surge
By Ralph Shell | 1:49 PM Jul 20 2011 | 2087 Views | 2 Comments |
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Australia has been a favored destination for the those seeking higher yields, and safely removed from the debt negotiations in the US and the Eurozone. The A$ did retreat to a low of 1.0390 on June 27, 2011, and then rallied close to the 1.08 handle on five different days. When the rally...
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Greek Debt Problems Remain Perplexing Euro Leaders
By Ralph Shell | 12:13 PM May 09 2011 | 2381 Views | 2 Comments |
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The not so secret meeting hosted by Luxembourg Prime Minister Jean-Clause Juncker, and attended by Greek Prime Minister George Papandreou revived attention on the plight of the Greeks. Last year's €110 bail out was based on the assumption that the additional funding needed to finance the ...
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Does the Pound Have More to Rally?
By Ralph Shell | 10:40 AM Jan 26 2012 | 2713 Views | 1 Comments |
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Looking at the daily chart of the pound versus the USD, we have a nice tidy nine day rally. Once again we have a market that was heavily favoring the short side of the pound, and the market tricked them, and up we go. Often it appears it is the function of the market to fool as many trad...
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COT Report Data March 15 2011
By Ralph Shell | 3:39 PM Mar 19 2011 | 2667 Views | 3 Comments |
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Summary and Bottom Line: The open interest (OI) was sharply lower for the period, and should be expected because of the expiration of the March futures contract. The total OI was down 170,194 contracts in the week being reviewed. The biggest reductions were in the euro, 67,701, the...
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Euro Finally Rallies-More to Come?
By Ralph Shell | 8:05 AM Jan 20 2012 | 2903 Views | 0 Comments |
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It has been the last day of October 2011 since the EURUSD traded on the top side of the 20 day moving average, until yesterday. During that period the pair sold off from a high of 1.3870 to a low in the 1.2625 area last Friday. The reversal this week has given us a bounce to the 1.2985 a...
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Trading Interest in Currencies Increases as Euro Troubles Continue
By Ralph Shell | 12:03 PM Nov 25 2011 | 2716 Views | 0 Comments |
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In this mornings CME report, it was revealed that the open interest (OI) in currency futures increased this past Wednesday by a total of 54,037 contracts to a total of 1,255,2103 contracts. For currency futures, this is a large one day surge in the OI. Normally, the OI goes down on a day...
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Speculative Buying in the USD Continues Latest COT Report Reveals
By Ralph Shell | 5:16 AM Jan 03 2012 | 2931 Views | 0 Comments |
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The latest COT report reveals speculators continue adding currency futures position which results in additional USD longs. The net short position in the euro went up to a record 158,088 contracts considering both futures and delta adjusted option posi...
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USD Net Short Position Climbs to 109K-COT Report 12 11 2102
By Ralph Shell | 6:50 AM Dec 17 2012 | 1641 Views | 2 Comments | 
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The net spec short position in the USD grew this past week from 68K contracts to 109K contracts. While the aggregate net position is USD short, the specs do have a very big position short the yen and long the USD. The position in the...
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Has the Euro Rally Attracted More Sellers?
By Ralph Shell | 9:48 AM Jan 24 2012 | 2965 Views | 0 Comments |
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The rally in the EURUSD, long anticipated and welcomed by many, lacks vigor. In the days of trading on an exchange floor where I spent many years, short covering rallies were frantic, noisy affairs as the trapped shorts scrambled to get out.
This rally is different. On-line trading i...
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Euro and USD Concerns Going Forward
By Ralph Shell | 12:22 PM Jul 22 2011 | 2024 Views | 0 Comments |
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Have the European officials been successful diffusing the Greek debt problem, and at the same time halting market fears that had been leading to higher rates in Italy and Spain as well as the troubled peripheral countries. After yesterday's advance in the euro versus the USD to the topside of ...
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Did Draghi's Comments Move the Euro Down Today?
By Ralph Shell | 9:49 AM Dec 06 2012 | 1673 Views | 0 Comments |
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Last summer, when the euro bears were celebrating their success, ECB President Draghi boisterously asserted he had the weapons to defend the euro and avert a debt crisis. It worked: sovereign debt interest rates came down, Spain and Italy were both able to sell debt at reasonable rates, and the euro...
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Non-Farm Payroll Report Adds Life to a Dull Trading Day
By Ralph Shell | 10:17 AM Apr 06 2012 | 2982 Views | 0 Comments |
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Once more the NFP report stirred the pot, and got trader's adrenalin flowing. On a religious day for many Christians, the trading ranks were depleted and the markets were thin. Prior to the report, the pundits were confidently predicting over 200,000 jobs were created for the fifth conse...
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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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