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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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Some Weekly Currency Observations
By Ralph Shell | 1:34 PM Aug 12 2011 | 2082 Views | 0 Comments | 
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As we coast to the finish line in the weekly currency markets, what have we learned from this week, and going forward, are than any clues what to expect? The Swiss intervention, an important driver this past week, seems to be holding. The severe drop from the top side of the 1.32 handles...
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Will the Swiss Intervention Work?
By Ralph Shell | 1:33 PM Aug 11 2011 | 1714 Views | 0 Comments |
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Markets, driven by greed and fear, seem to have had enough fright this week, and equities, at least, are enjoying a turnaround Thursday. In the US, the Dow average has clawed back and recaptured the top side of 11,000. Stories of the pending economic collapse are less frightening when re...
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Time for an Aussie Rally?
By Ralph Shell | 1:26 PM Aug 10 2011 | 3254 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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Riots Interrupt Parliament's Holiday-Fed Has Few Answers for Slowing Economy
By Ralph Shell | 2:15 PM Aug 09 2011 | 2042 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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Weekly Currency Trade Not for the Timid.
By Ralph Shell | 12:52 PM Aug 05 2011 | 3186 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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Some Comments about today's Sell Off
By Ralph Shell | 4:08 PM Aug 04 2011 | 2139 Views | 0 Comments | 
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The Financial Times Reports:
"Core
bond yields continue to soften, with the 10-year Treasury yield falling
to its lowest point since October 2010, at 2.45 per cent, a decline of
more than 10 basis points. Ten-year Bunds offer just 2.31 per cent.
Meanwhile, short-term rates went negative, as m...
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Bank of Japan Casts Their Vote; and Will the Margin Man Ruin the Weekend?
By Ralph Shell | 12:35 PM Aug 04 2011 | 2078 Views | 1 Comments | 
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Some of the pundits, after the weekend settlement of the US debt ceiling debate, advised currency traders to pursue a "risk on" posture. Confronted with dire economic news this week, market bears have taken over, routing those with the riskier positions, in stocks or currencies. No...
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Looking for a Level to Sell the USDCAD
By Ralph Shell | 12:47 PM Aug 03 2011 | 2147 Views | 0 Comments |
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Equity markets continue to tumble after a bill allowing for an increase in the US debt ceiling was passed. In retrospect it appears that the markets' concern with the health of the economy might be more important than the debt ceiling debate. Friday's strength in the US Treasury market s...
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Yen Has Rallied to March High Versus the USD; Is This Enough?
By Ralph Shell | 1:50 PM Aug 02 2011 | 1904 Views | 0 Comments |
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In our article written July 14th entitled: "Yen Breaks to the Downside, Finance Minister Noda Frets" we expressed a view that the yen could revisit the 76 level versus the USD. As you will recall, that was the level the yen appreciated to after the tragic earthquake and tsunami disasters. The ...
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Trading Point Added to Rebate Brokers
By Cash Back Forex | 1:08 PM Aug 02 2011 | 4691 Views | 10 Comments |
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We are pleased to announce the addition of Trading-Point to our service. The rebate rate we are offering is .5 pips per round turn lot traded.
Please see the Trading-Point page for more details: http://www.cashbackforex.com/vw/tabid/242/ID/211/ThinkForex-Rebates.aspx
Thank you for your suppor...
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Currency Markets Will Need to Assimilate Important Data this Week
By Ralph Shell | 12:33 PM Aug 01 2011 | 2149 Views | 0 Comments |
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Currency markets have commenced the week, behaving like a weather vane, spinning, changing directions during the passage of a powerful storm. The apparent compromise agreement ending the debt ceiling debate gave the USD a temporary boost. Then some of the "risk on" traders concluded the ...
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Currencies: Looking Forward After Slower US Growth Report
By Ralph Shell | 12:44 PM Jul 29 2011 | 2270 Views | 0 Comments |
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This morning the currency market's driver was the report that US GDP rate was less than expected. Not only was the 2nd Q 2011 down to 1.3%, but some preceding quarters were down as well. In the 1st Q of 2011 the rate was reduced from 1.9% growth to 0.4%, and the 4th Q of 2011 tumbled fro...
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TRADING-POINT ADDED TO REBATE BROKERS
By Terry | 1:21 PM Jul 28 2011 | 1822 Views | 0 Comments | 
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We are pleased to announce the addition of Trading-Point to our service. The rebate rate we are offering is .5 pips per round turn lot traded and Trading-Point is offering a Welcome Bonus and a Loyalty Bonus.
Please see the Trading-Point page for more details here:
Thank you for your sup...
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Markets Perplexed as Washington Lumbers Toward the Debt Ceiling Finish Line
By Ralph Shell | 12:45 PM Jul 28 2011 | 2089 Views | 1 Comments |
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It is really foolish for markets, and analyst thereof, to attribute so much importance to Washington. But with the government using borrowed money and its taxes, now called 'revenues' to usurp an every expanding share of the GDP, it cannot be ignored. Government actions today do impact t...
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Selling Abates as USD has Small Rally
By Ralph Shell | 12:50 PM Jul 27 2011 | 2053 Views | 0 Comments |
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Democracy in action is a slow, noisy process, with the decibels amplified by competing twenty four hour news channels. How times have changed since, as a boy, my father took me to a victory celebration. One of his law partners had been elected to Congress. Now, with an abundance of opini...
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Pound Rallies Versus USD Despite Poor Growth Stats
By Ralph Shell | 12:34 PM Jul 26 2011 | 2068 Views | 0 Comments |
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Today there was a vigorous rally in the British pound, taking the pound to 1.6427 against the USD, the highest it has been since the trade of 1.6440 on June the 14th. The rally came despite the preliminary 2nd Q GDP estimate of 0.2%, lower than the 0.5% growth in 1Q. Unless the economy p...
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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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