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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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Currency Markets Jittery, Awaiting European News
By Ralph Shell | 12:53 PM Oct 20 2011 | 2422 Views | 1 Comments | 
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It is always interesting to read stories in the financial press, when they report about market movements in the currency markets. Recently the progress, or lack of, in the European debt negotiations has been credit for most of the moves.
Granted the currency trade is not visible.&nbs...
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AvaTrade
By Cash Back Forex | 8:30 AM Oct 20 2011 | 4966 Views | 9 Comments | 
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We are happy to announce the addition of AvaTrade to our website. The rebate is 4000 JPY per 1M traded with minimum deposit 300,000 JPY.
Please see the AvaTrade page for more details: http://www.cashbackforex.com/en-us/details/id/290/Avatrade-rebates.aspx
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Markets Cautiously Await Europe Developments
By Ralph Shell | 2:07 PM Oct 19 2011 | 2318 Views | 0 Comments |
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Now that the European Financial Stability Facility, otherwise know as the EFSF, has been approved by all 17 countries, and will be increased to €440B, there will be a weekend meeting designed to leverage the fund to a larger number. The Guardian, from unnamed sources,says this fund will b...
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Negative Data Hurts the Pound
By Ralph Shell | 2:20 PM Oct 18 2011 | 2146 Views | 0 Comments |
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Data released today showed Britain's cost of living has risen more than expected. The year to year increase in the core CPI was up 3.3% a tick higher than projected. The core CPI, which excludes food and energy, does not give an accurate picture. When we put back in the food and en...
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Markets Retreat as Optimism for a European Solution Turns to Apprehension
By Ralph Shell | 12:19 PM Oct 17 2011 | 1770 Views | 0 Comments | 
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Friday's optimism about potential success for the current crop of European leaders, attempting to find an easy fix for years of over spending, has turned apprehensive. There is a mountain of debt accumulated in the easy money days, when mere membership in the euro club, meant your country had ...
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Optimism Precedes European Finance Minister's Meeting
By Ralph Shell | 12:27 PM Oct 14 2011 | 2229 Views | 1 Comments |
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Assembled in Paris this weekend is a group of finance ministers, technocrats, bankers and various elites, for several days of meetings and fine dining. This grand meeting is preparation for an even grander meeting in Cannes France, when the G 20 meets in early November, to address European and...
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Pound Stages Modest Recovery-Can it Continue?
By Ralph Shell | 1:35 PM Oct 13 2011 | 1849 Views | 0 Comments | 
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We observed in an article dated Oct.7th entitled "Speculative Trade in the British Pound Continues
to Grow" that the open interest in the CME futures was indeed growing. Trading had been brisk and the total outstanding contracts rose to 191K contracts. The latest COT report exposed the ...
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Has the Euro Rally run its Course?
By Ralph Shell | 12:54 PM Oct 12 2011 | 1996 Views | 1 Comments | 
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The EURUSD has rallied smartly during the past eight days. In our article of October 3rd entitled "Markets Continuing Last Week's Sell Off," we examined the euro trade. On that Monday morning, the market had opened sharply lower which left a gap on the charts. Looking at that actio...
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Is There a Trade in the Yen?
By Ralph Shell | 2:00 PM Oct 11 2011 | 3804 Views | 0 Comments |
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The yen, versus the USD, has been stuck in a narrow range since revisiting the 76 handle the last week in July. During this period, exporters, politicians, and Bank of Japan officials, sometimes in unison, and sometimes individually, have all been squawking about the harm caused by the strong ...
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Fear Diminishes, Equities Rally, and the USD Takes a Hit
By Ralph Shell | 1:00 PM Oct 10 2011 | 2013 Views | 0 Comments |
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What a difference a week end can bring. A collective epiphany among the euro leaders has occurred and they now recognize something must be done to save the banks. Merkel and Sarkozy have vowed this will happen, but this time it will take more than happy talk and vague promises.
Europe...
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Speculative Trade in the British Pound Continues to Grow
By Ralph Shell | 12:45 PM Oct 07 2011 | 2143 Views | 0 Comments |
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As we observed earlier this week in a article, "What is Going on with the Pound?" the open interest in the futures market is very large. It continues to grow. Rounded to the nearest thousand, the futures only OI (with no option consideration,) was up to 191K, an increase of 14.7K in one day.&n...
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Tomorrows US Employment Report -A Clue to the Economies Direction?
By Ralph Shell | 12:34 PM Oct 06 2011 | 2050 Views | 0 Comments |
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The US Non-Farm Payroll Report is usually good for some volatility in the equity as well as the currency markets. It will be a surprise if tomorrow's report does not give us some price movement, but knowing which way is always the challenge.
The market anticipates the unemployment rate is g...
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What is Going on with the British Pound?
By Ralph Shell | 12:53 PM Oct 05 2011 | 1786 Views | 0 Comments |
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British PM David Cameron, delivering his keynote speech at the annual Conservative Conference said, "I know you can't see or feel the recovery." And for good reason the recovery remains invisible, there isn't any. That is unless you call today's Q/Q increase in the GDP of +0.1%, or +0.6%...
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Australian Dollar Slide Continues, Responding to Global Concerns
By Ralph Shell | 1:45 PM Oct 04 2011 | 2241 Views | 0 Comments |
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Selling the Australian Dollar in the futures markets continues to be popular. The total futures open interest after trade on September 27th was 83K. It has since climbed to 101K during the past week, up 10.4K contracts yesterday. Trade during this past week has gone from a high of ...
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Markets Continuing Last Week's Sell Off
By Ralph Shell | 1:35 PM Oct 03 2011 | 2097 Views | 0 Comments |
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So much for the theory that end of the month games was responsible for the swoon last week. October, often a difficult month, is commencing with down side follow through. Most US equities are lower, following the trend that began in Asia and worked its way around the world. Commodi...
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Currency Specs Add to Their USD Longs
By Ralph Shell | 10:56 AM Oct 02 2011 | 1868 Views | 0 Comments | 
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Currency speculators added to the USD longs, pushing their net long position up to 198,397 futures contracts. This is up from 110,851 contracts last week. The net increase in the open interest (OI) was only 20,495 contracts, caused in large part...
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German Concerns About EU Continue-Greek Strikes and Riots Commence
By Ralph Shell | 12:42 PM Sep 30 2011 | 2585 Views | 0 Comments |
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The German Bundestag's vote to expand and increase the flexibility of the €440B rescue fund was approved, but not without apprehension. This vote confirms the EU agreement from last July, prompted by concerns about the solvency of Greece and their banks. Two months elapsed after the...
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Commodity Currencies Remain Under Pressure
By Ralph Shell | 3:47 PM Sep 29 2011 | 2144 Views | 0 Comments |
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The financial markets were relieved with the outcome of the German vote, increasing the size of the EFSF to better cope with European debt problems. Prior to the vote, there had been fear of defeat, but the ease with which it passed, might be a good omen for further votes in other countries wh...
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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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