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CashBackForex - Often Imitated, Never Duplicated!
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Forex Articles
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CFTC COT Report Feb 26 2013-Speculators Buy the USD Aggressively
By Ralph Shell | 7:48 AM Mar 04 2013 | 1996 Views | 0 Comments | 
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Last week we reported the total position of speculators flipped to the long side of the USD for the first time since the report of 11 27 2012. The USD long from last week, 30,552 contracts, grew sharply to 178,781 of various USD long positions. This is ...
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A Bad Week for the Euro
By Ralph Shell | 10:26 AM Mar 01 2013 | 1035 Views | 0 Comments |
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So much for the big support in the euro versus the USD at 1.30. The high was made on Monday and the market reversed and has since plunged lower. The catalyst for this week's sell-off, of course, was the Italian election of candidates who do not want to take orders from Frankfurt or Bruss...
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Can the Australian Dollar Muster a Dead Cat Bounce?
By Ralph Shell | 10:34 AM Feb 27 2013 | 990 Views | 1 Comments |
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The bulls in the Australian Dollar have been involved on the the long side of the A$ going back to September when the Fed announced another version of QE. Continuing in January 2013, when the collective wisdom of the funds was that commodities should be part of the 2013 "asset allocation", the...
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The Voters in Italy have spoken
By Ralph Shell | 9:50 AM Feb 26 2013 | 792 Views | 0 Comments | 
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The voters in Italy have spoken and the experts are trying to interpret the implications. Meanwhile the markets have not liked the results of the election. The Italian stock index - the FTSE - MIB was down as much as 5%, the Italian ten-year bond yield was up almost 40 basis points. Further, t...
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Speculators Flip to Long Side of the USD-COT Report 02 19 2013
By Ralph Shell | 6:01 AM Feb 25 2013 | 936 Views | 0 Comments | 
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Speculators' aggregate net position, in the eight futures contracts we cover, flipped to the long side of the USD in the latest period. In the prior report, the specs' net position was 31,704 contracts short. The position in this wee...
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Weekly Forex Review-Where Do We Go From Here?
By Ralph Shell | 9:22 AM Feb 22 2013 | 909 Views | 0 Comments |
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Euro After an early-week rally, it soon became a disappointing week for the bulls. The rally above the 1.34 handle was brief as we are now trading at a monthly low, under 1.32. The economic sentiment numbers, CPI and PMI, announced this week were negative for the EU and this w...
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Trading From Unreliable Numbers and Inaccurate Headlines
By Ralph Shell | 10:04 AM Feb 21 2013 | 955 Views | 0 Comments |
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Markets, when responding to the fundamental economic numbers, can be quite fickle, especially in the forex markets. For the traders who rely entirely up technical inputs, this seemingly justifies their philosophy and their studies. But for others like myself, who thinks the technic...
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Euro or the USD-Who Wins the Ugly Contest?
By Ralph Shell | 9:49 AM Feb 20 2013 | 924 Views | 0 Comments |
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Later today, the Federal Open Market Committee of the Fed will release the minutes of the previous meeting. The recent economic news from the US has been encouraging even though the US unemployment rate was a tick higher at 7.9%. Since this report, the initial jobless claims have been tr...
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Did Mrs Watanabe Make a Killing in the Yen?
By Ralph Shell | 10:21 AM Feb 19 2013 | 939 Views | 1 Comments |
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Yesterday, Bloomberg reported that the legendary Japanese forex trader, Mrs. Watanabe, is taking profits in her long AUDJPY positions. No doubt a lot of money was made in the three-month move from November to February when the A$ went from 83 to over 97, but was she able to catch the whole mov...
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Weekly Forex Review-Where We Might Go from Here
By Ralph Shell | 10:26 AM Feb 15 2013 | 976 Views | 0 Comments |
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The week has been dominated by debates about the propriety of taking monetary action to overtly set a target for currency values. A meeting of the G7 group proposed monetary policy that weakened the currency; this was not a problem, as long as the primary goal was the stimulation of your econo...
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Will the Surge in Currency Trading Continue?
By Ralph Shell | 8:23 AM Feb 14 2013 | 970 Views | 0 Comments | 
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It is always difficult to get a handle on the volume of currency trading, but it appears that there has been a surge of interest so far in 2013. Part of this, no doubt, has been the bear market in the yen. For years, there have been fundamental observers bearish on the yen, only to be di...
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Money Supply Up Reports Bank of Japan
By Ralph Shell | 10:38 AM Feb 13 2013 | 1078 Views | 0 Comments |
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Some times we expect too much from the political class. Last night's Washington address failed to provide any new programs but rather continued to blame his opposition for today's problems. Further, future problems, when they occur will be because Congress did not approve of the administ...
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How Will the Politicians Move the Forex Markets?
By Ralph Shell | 9:40 AM Feb 12 2013 | 1001 Views | 0 Comments |
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Moscow
On Wednesday the 13th of February, a group of G 20 Central Bankers and Finance Ministers will hold a working meeting in Moscow. Included in this group will be experts from the IMF, the World Bank, Bank for International Settlements and other groups.
Those in attendance at these m...
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USD Short Position Grows - COT Report Data Feb 05 2013
By Ralph Shell | 7:35 AM Feb 11 2013 | 1046 Views | 0 Comments | 
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There was a minor increase in the aggregate USD short position to 90,233 contracts from 79,353 contracts in the previous reporting period. There were a number of position shifts that resulted in the change. Spec traders in the pound ...
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Weekly Forex Review and Some Ideas Going Forward
By Ralph Shell | 9:30 AM Feb 08 2013 | 1031 Views | 0 Comments |
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On Friday we like to review the week's activity, and look ahead to what might be factors to influence some of the currency pairs going forward. Since there are a whole world of inputs that may influence these markets, it is impossible to anticipate all of them. In this broad approach to ...
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How do we Trade the Loonie?
By Ralph Shell | 10:13 AM Feb 06 2013 | 1589 Views | 0 Comments | 
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Looking at the daily chart in the loonie (USDCAD FXC), the trade has been rather sedate. In September, we had the specs loaded long, in part because the Fed's
Bernanke was about to embark on the newest version of quantitative
easing. The longs briefly took the pair to .9650 in the Sept...
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youtradeFX.com.au added as a rebate broker
By Terry | 11:44 AM Feb 05 2013 | 2352 Views | 0 Comments |
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Based on client demand we are happy to announce the offering of youtradeFX.com.au on our website. youtradeFX offers: Multiple account structures with spreads as low as 1 pip; Leverage up to 500:1; and they are regulated by ASIC; FSA and FSC. On youtradeFX we offer rebate rates of:&...
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HFX added as a rebate broker
By Terry | 11:41 AM Feb 05 2013 | 884 Views | 0 Comments | 
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We are pleased to announce the Addition of HFX to our website. HFX offers trading in Forex, CFDs, Indices, Commodities and Metals with user friendly platforms and leverage up to 400:1. We offer rebate rate of 1 pip/rtl for Silver accounts; .65 pips/rtl for Gold accounts;.3 pips/rtl for P...
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AFBFX added to Website
By Terry | 11:38 AM Feb 05 2013 | 828 Views | 0 Comments |
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We are happy to announce the addition of AFBFX to our website. AFBFX is a CYSEC regulated and FSA registered broker offering: ECN, No Dealing Desk (NDD) with instant execution; Leverage up to 1:500; 24/5 Multilingual Customer Support; with Accounts held in USD or EUR. We offer a rebate r...
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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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