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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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What is Going on with the British Pound?
By Ralph Shell | 12:53 PM Oct 05 2011 | 1798 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 | 2258 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 | 2116 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 | 1882 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 | 2602 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 | 2160 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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Will End of the Third Quarter Give Bulls a New Start?
By Ralph Shell | 1:54 PM Sep 28 2011 | 2112 Views | 3 Comments |
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The old adage "sell in May and go away" would have worked for many asset groups this year. In commodities, May marked the end of that rally that had commenced in 2010. The commodity sell off continues today with red numbers across the board. A unanimous bearish performance suggests...
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Panic Abates and Markets Rally-Can the Euro Also Participate?
By Ralph Shell | 12:45 PM Sep 27 2011 | 1960 Views | 1 Comments | 
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European bankers and finance ministers, prodded by comments from the international finance luminaries at last weekend's Washington gathering, took the message home, it was time to take action to address the euro banking crisis. Specific details of these new solutions remains elusive, but marke...
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Markets mixed as Weekend Fails to Bring Additional Bad News
By Ralph Shell | 1:24 PM Sep 26 2011 | 1966 Views | 0 Comments |
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Equity markets, responding perhaps, to a paucity of bad weekend news were able to print some higher trades. Granted there were some down ticks, gold and oil in particular. Oil did made a come back after there was Mid-East talk about oil production cut backs. Some of the oil sheiks ...
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Market clues From Changes in the Volume of the Currency Futures Trade
By Ralph Shell | 12:19 PM Sep 23 2011 | 2454 Views | 0 Comments | 
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The size of the cash global forex trade is large, and growing. According to the Bank for International Settlements Survey of the Foreign Exchange Trade, the average daily turnover was estimated at $3.98T up from $3.21T in 2007. Of these transactions, it was estimated about $1.5T were spo...
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USD Gains-Global Equity Bulls Cower
By Ralph Shell | 1:20 PM Sep 22 2011 | 1826 Views | 0 Comments |
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Helicopter Ben's fans are disappointed. No longer will the green helicopter that spreads easy money to the bankers and the Wall Street boys be employed for another QE caper. Sure, this will give the bond traders a lot of opportunities to front run, make a little money as the Fed buys and...
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Pound Continues Downward Slide
By Ralph Shell | 12:07 PM Sep 21 2011 | 1561 Views | 0 Comments |
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Briefly, during the middle of August, the GBPUSD traded above the 1.66 handle, far above today's low under 1.56. Good pound news has been sparse during the sell off. Weighing on today's market was a report that the British deficit in August was the largest monthly sum since this record k...
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Markets Move Quickly As European Politicians Dither
By Ralph Shell | 11:55 AM Sep 20 2011 | 1738 Views | 0 Comments | 
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Euro politicians are busy with serial meetings, trying to assure the world the insolvent Greeks will get their next tranche of bail out money, allowing them to carry on without default. With the yield of Greek two year notes over 60%, does anyone really believe the holders of the Greek soverei...
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Japanese and Chinese translations, New Referral Tools, New Promo
By Cash Back Forex | 10:42 AM Sep 20 2011 | 4164 Views | 11 Comments |
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We hope your trading is going well! We have a couple of announcements to make today:
Chinese and Japanese Website Translations:
We have completed our first translations of the Cash Back website into both Japanese and Chinese. To access the translated versions simply visit any websi...
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Looking at Longer Term Currency Trends
By Ralph Shell | 1:13 PM Sep 16 2011 | 1667 Views | 1 Comments |
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The troubled euro got some help this past week, which enabled the euro versus the USD to bounce from a low slightly under the 1.35 handle. The pair was able to rally to the top side of 1.39, but that rally was short lived. Assurances by the Germans and the French that the Greek bail out ...
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Central Banks Sell Dollars to Prevent Liquidity Crises
By Ralph Shell | 12:24 PM Sep 15 2011 | 2016 Views | 0 Comments |
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In the middle of August when the euro and the pound were trading at much higher levels, we noted money was fleeing Europe and the US money supply was surging. As uncertainty mounted, the size of the worry wall grew. Greek debt concerns and fear for the future of large European banks, rum...
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Will There Be Yen Intervention in the Near Future?
By Ralph Shell | 12:46 PM Sep 14 2011 | 1882 Views | 0 Comments |
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Since the unsuccessful attempt by the BOJ to weaken the yen in early August, the yen has been a popular currency. Versus the USD, it has strengthened back to the 76.50 to 77 level after that brief intervention inspired sell off to the 80 handle. The success of the SNB did give us a weake...
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Is the Pound the New Laggard?
By Ralph Shell | 1:30 PM Sep 13 2011 | 1962 Views | 0 Comments |
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Currency markets are resting, after the recent rout of the europhiles. We had eight hard down days in the EURUSD, interrupted by only one day that was unchanged. Seven days in one direction, for any market, is unusual, generally a reason for a reversal day. An eight day run is exce...
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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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