The Dollar’s Slide Leaves Your Investment Future Uncertain
What should you do with your investments? What affect does the government’s printing of money have on your ability to outpace almost certain inflation. Never before has our government printed so much money. The effect of which will begin to take place over the next two years.
Jason Alan Jankovsky shares his “informed” view in this 35 minute video presentation. Be warned, the news is dire. The issue is of great importance.
Jason Alan Jankovsky Morning Forex Briefing July 31st
The USD is slightly weaker to start New York this morning after two-way action overnight; volumes were lighter traders report as all eyes are now on US GDP data due out shortly. Although the Greenback is weaker no new ranges have been traded leaving the USD still technically in an established range.
Cable is better at the 1.6450 area after posting a high print at 1.6577 in European trade; low prints at 1.6485 in Tokyo as cross-spreaders continue to have interest in EURO/Sterling.
EURO is better this morning continuing the minor rally that started yesterday lifting above the 1.4100 handle for a high print at 1.4146 and holding firm above previous resistance at 1.4120; low prints at 1.4063 making for a firm bounce off the 50 day MA despite quiet volumes.
USD/JPY is holding above the 95.50 area after opening below there in Asia, low prints at 95.19 with highs at 95.73 making for a technical inside range day. Exporters have had continuing interest to sell above the 95.50 and 95.70 area with more offers layered up to 96.00 traders say.
USD/CHF is holding support at the 1.0820 area with a low print at 1.0823 in early New York; highs at 1.0893 keeping the rate all on the 1.0800 handle this morning ahead of the news. Traders report stops above the 1.0930 area in size suggesting that the rate is ready to rally as shorts get out but the weaker start to this morning is keeping the bulls on the defense.
USD/CAD is weaker on follow-through selling making a low print at 1.0770 finding bids again at the 1.0750 area supporting; high prints at 1.0856 making the rally to the weekly highs a firm resistance level at this point. Traders note that the rate is two-way in light volumes suggesting that more whipsaw is due when the news comes out. Despite steady equities overnight the USD is on the defense as traders continue to work trade action technically as the recent correlation to equities weakens a bit. After the strength seen in equities yesterday the USD has lagged behind the market and perhaps is playing some catch-up this morning. Upside resistance for the majors is back in play and with Dow futures positive this morning the market appears to be expecting a better GDP number today.
Although sentiment appears to be favorable for a faster recovery in the economy I think the underlying fundamentals don’t support that point of view and today’s Chicago PMI will likely show more weakness as well. With the heavy interest in GDP we can expect a lot of volatility around the number but where the equities market ends up into the close today will likely set the tone for the Greenback into next week.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading in FOREX is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, market data, or trade discussion are subject to change at any time.
Jason Alan Jankovsky Morning Forex Briefing July 30th
The USD continues in two-way consolidative trade respecting the recent ranges as traders wait for further clues before pushing the Greenback in either direction.
Overnight equities were firmer giving a bit of risk-on trade lifting the majors a bit but still holding mostly an inside range day for the Greenback to open New York. Overnight news was light with only German Machine Orders offering any surprises coming in a bit better than last month; the main driver in Asia was PBOC comments that they will stick to “appropriate” monetary policy which means they will do what is best for the Chinese. Traders note that volumes were light and action was mostly technical driven by close-in stops and S/R areas.
GBP rallied back from the lows seen yesterday partly lifting in sympathy with EURO finding stops above 1.6420 and 1.6480 making a high print at 1.6528 before dropping back to the 1.6480 area; low prints in Asia at 1.6337 found short-covering suggesting more two-way action and a respect for the top above 1.6500 handle.
EURO had a bit of overnight strength but was unable to score the 1.4100 handle with a high prints at 1.4094 before finding offers; traders note a US custodial name on the offer above 1.4080 area. Low prints at 1.4007 making today a technical inside range day but traders note that the 1.4040 area likely will remain important near-term with closes below there likely to bring the stops from the longs back tightly under 1.4000 area.
USD/JPY again is back testing the upside above the 95.00 handle with a high print at 95.33 before dropping back under the 200 day MA around the 95.00 area; low prints at 94.81 making for a tighter range into the highs. Traders note that the rate has tried five times to breakout above the 200 day MA with no success suggesting over head resistance is firm above the 95.20/50 area; exporters active above the 95.20 area again despite the underlying firm tone. USD/CHF is holding up well but off the overnight traded highs at 1.0903 to open New York around 1.0880 pivot area; traders are positive this morning and note that if the rate can find overhead stops around the 1.0930/40 area a close on the 1.0900 handle would be likely suggesting the bears are preparing to exit shorts. Lows at 1.0847 are above the layer of breakout stops at the 1.0820 area.
USD/CAD has dropped back to support at the 1.0820/30 area with a low print at 1.0837 and is holding near the lows in early New York. High prints were a respectable 1.0915 but corrective offers dropped the rate below the 1.0880 area again with traders looking for a 1.0880 area on a closing basis to hold.
In my view, the USD is consolidating the bottom forming this week. Today’s US data likely to offer some whipsaw as equities are still highly correlated and poor US data will likely offer some volatility in the DJIA today. Tomorrow’s GDP data is likely to offer more clues and spark a USD rally as economic conditions will take much longer to turn back to growth. Look for a firm close in the USD today after two-way action.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading in FOREX is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, market data, or trade discussion are subject to change at any time.
ForexBriefings.com Newsletter Reprint
Jason Alan Jankovsky is a premier content provider and trainer to forex traders the world over. His growing reach is serving to facilitate profitable trading for new and experienced currency traders. We are proud to provide his newsletter to our audience.
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Jason Alan Jankovsky Morning Forex Briefing July 29th
The USD is mixed this morning but firmer for the most part as traders continue to watch equities for clues for near-term direction; overnight equities were mixed with lower bourses in Asia and higher ones in Europe. The DJIA Futures are lower in early New York keeping the pressure on the USD to the upside and with US data due this morning it appears that traders favor the long side of the USD into mid-week.
GBP high prints at 1.6471 as the S/R area of 1.6480 acts as resistance this time; low prints at 1.6344 found stops under the 1.6380 area suggesting the breakout from the coiling action will indeed be to the downside. Traders note that weakness in EURO also contributing to the weak tone in Cable.
EURO high prints at 1.4196 surprising some with the offers waiting ahead of 1.4200; most desks reported offers above 1.4230 area but the bears will take the topping action no doubt. Lows in the rate at 1.4109 is keeping the rate above the important 1.4080 area but traders note stops are likely just under 1.4100 this time as bulls are likely to be rolling stops a bit higher after the rate failed to close on the 1.4200 handle yesterday. USD/JPY is higher and found willing buyers on the dip to the lows at 94.00 even; traders note the rate is two-way in aggressive trade with large names seen on the bid the past two days. Likely the highs at 95.06 will continue to draw exporters on the offer but the rally off the lows suggests that the rate will likely try for 95.50 again shortly.
USD/CHF is holding above the 1.0780 area into early New York with a high print at 1.0796 making another try for stops above the 1.0800 handle; traders note that shorts are likely to cover on a move over the 1.0820/30 area suggesting large stops are slightly higher. Low prints in the rate at 1.0730 suggest that the 1.0720/30 area is now support and aggressive traders can look to buy dips in the rate.
USD/CAD high prints are 1.0895 in early New York and the 1.0900 handle appears to be a strong overhead resistance area; traders note that stops are likely in the 1.0920/30 area from late shorts. Low prints at 1.0791 in early Asia were bought right away suggesting that the drop yesterday to 1.0750 area was the near-term low. IN my view, the USD is doing exactly what it needs to do at a bottom. The Greenback is firming into early New York after two-way action overnight failed to extend the ranges; which in
USD/CAD is the first time in several days that the sellers couldn’t gain an upper hand.
Additionally, stops are being found at each S/R level suggesting the shorts are continuing to be aggressive into the lows; I think it is likely the late shorts will cover soon and the USD will finally confirm the near-term bottom. Look for today to be two-way with a firm undertone.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading in FOREX is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, market data, or trade discussion are subject to change at any time.
Jason Alan Jankovsky Morning Forex Briefing July 28th
The USD started Asia overnight mixed at near New York closing levels briefly lifting as equities in Asia dropped to their worst levels of the day by mid-Tokyo trade; the USD reversed to pressure recent lows into Europe and finding light stops in expected areas of most pairs. Cross spreaders were active for Yen as equities traded lower and the USD/JPY fell back below the 200 day MA into early New York action today. High prints in USD/JPY at 95.29 were below yesterday’s highs suggesting that offers were waiting after the rate closed yesterday should the rate attempt to extend the range; low prints at 94.48 finding bids as expected with near-term support holding for now. Traders note that should US equities finally correct lower the USD/JPY is likely to find stops somewhere under 94.30 area.
GBP is lagging the move higher by the majors with high prints back at near-term resistance at 1.6558; lows at 1.6453 making for another tight range for the GBP. Traders note that offers are willing above the 1.6550 area with bids likely layered with stops under the 1.6450 area; in my view the rate is continuing to coil for an eventual break out move most likely to the downside.
EURO had a similar sort of evening but extended the weekly range to the next area of rumored offers with a high print at 1.4306 before dropping back to the 1.4240/50 area as profit-taking emerged. Traders note that the rate found light stops above the 1.4280 area and needed three tries to clear the previous highs suggesting that the rate is struggling to make further gains. Low prints at 1.4218 in Asia were bought by large names some traders say.
USD/CHF dropped back to near-term support at the 1.0660 area with a low print at 1.0657 before bouncing from that area in light trade. High prints in Asia at 1.0719 keeping the 1.0720 area in view as a near-term pivot point. Traders note that the rumor-mill regarding action by the SNB has been quiet the past few sessions and that may have emboldened some additional selling but bids are firm at the bottom of the range but warn of stops likely near the 1.0620/30 area for today.
USD/CAD extended the range to a low print at 1.0748 finding the large bids rumored to be resting on any dip under the 1.0780 area; stops cleared under 1.0770 area but the rate has returned to the 1.0800 handle in corrective trade as shorts-cover into the lows. Offers likely on a move back to 1.0850 zone of offers yesterday but stops from late sellers likely on a move over the 1.0880 area.
In my view, the USD is still showing signs of finding a bottom as new lows are failing to attract aggressive sellers and in fact is drawing profit-taking from the shorts. I think the probability is high that the Greenback will reverse into the end of the week as the lows continue to be tested and rejected for the most part. Look for the Greenback to hold lows again on two-way action with a higher end to the next 24-48 hours.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading in FOREX is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, market data, or trade discussion are subject to change at any time.
Investors dumping brokers to take control…
Investors are dumping long time broker relationships to take control of their stock trading and transactions in numbers never before seen. We’ve linked to a Reuters article showcasing this trend.
It is interesting for a foreign exchange IB(Introducing Broker) to see headlines like this because it adds credibility to the conclusions our company was drawing all along. Those conclusions are that investors are figuring out a number of realities, one, that they thought they were investing when in fact the guys pulling the strings with their accounts were just trading anyway, two, they are smart enough to recognize, learn, and research certain things that will lead to profitable opportunities themselves, and last but not least, that they are responsible for their own financial futures.
Going it alone is an overstatement. There are numerous resources for the average trader. Research and training abound. You can learn how to take control of your financial future. Start with only that part of your portfolio that you consider to be “Alternative Investment Capital”. Don’t empty your nest egg to begin trading without experience. For a great Reuters article on this topic, check out this link:
Investors Dump Brokers to Go it Alone
Jason Alan Jankovsky Morning Forex Briefing July 27
The USD started Asia firm and in light two-way action before dipping back to
test the bottom of last week’s range in European trade. German consumer
confidence numbers were slightly better than expected lifting EURO back to
the recent highs but upside has been slow-going desks report. Equities
firmed a bit helping the risk-on trade and traders note that much of the
overnight action was technical suggesting the USD will rotate higher as the
day goes on. Traders note that some action is cautious as the USD bears are
confident but holding back from pushing their advantage and with the
Greenback holding at technical levels a burst of short-covering feels like
the right thing.
GBP high prints at 1.6527 before selling off with the rate two-way between 1.6430 and 1.6480 in early New York; low prints at 1.6380 once again at technical support zone for recent trade. Traders note cross-spreaders buying EURO and selling GBP helping to keep the pressure on.
EURO low prints at 1.4170 again at technical support before steadily
climbing to find light stops over the 1.4280 area for a high print at 1.4297
making a minor new high from last week; traders note the 1.4300 area is
drawing lots of active offers and likely some option defense as a large
1.4300 strike is due to roll off at today’s cut.
USD/JPY found light stops over the 95.00 area with active bids lifting the rate back to the 200 day MA; high prints at 95.22 for a minor new weekly high but exporters have been busy into the highs suggesting a failure again at the 200 day MA. Low prints at 94.67 drew technical buyers and cross-spreaders were active on both sides some desks report.
USD/CHF high prints at 1.0744 before weakness in the Greenback spilled over for low prints in early New York at 1.0653; traders note that the rate holding above the 106.30 area to start the week is a good sign that bids will likely underpin near term.
USD/CAD has dropped back to the low end of the double-bottom with a low print at 1.0791 before offers ran out; likely stops are under 1.0780 area with bids reported layered down to 1.0750 suggesting that a possible bottom continues to form around the 1.0800 area.
In my view, the USD is continuing to consolidate recent weakness and with all eyes on Friday’s US Q2 GDP estimates it is likely that earnings will continue to drive trade into mid-week. Should the Greenback hold here and recover into mid-week it would be a good sign that the bears have gotten all they can get into the end of the month. A short-squeeze is likely in my view and aggressive traders can look to buy the Greenback at current levels looking for the bottom to hold into GDP data late in the week. Look for two-way action to continue into US housing data this morning and should that report come in benign or weaker a USD rally is likely as stocks would likely respond negatively.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves
substantial risk of loss and may not be suitable for all investors. You
should carefully consider whether trading in FOREX is suitable for you in
light of your circumstances, knowledge, and financial resources. You may
lose all or more than your initial investment. Opinions, market data, or
trade discussion are subject to change at any time.
Jason Alan Jankovsky “Why Trade Forex” Webinar 7/29
“Why trade FOREX now?”
A Jason Alan Jankovsky Webinar
6:00 CST Wed 7/29
Without a doubt, the explosive growth in cash FOREX trading has created an unlimited opportunity for traders; especially at this point in global financial history. With the recent downturn in equities, the investment bubble in housing, and the recent government steps taken around the world to address these concerns; the cash FOREX market offers one of the truly historic opportunities of our lifetime.
In this webinar, your host will introduce you to what the short and long term implications for the US Dollar and other currencies provide to you as a potential profit opportunity. The ease of which the individual trader can access cash FOREX, as well as additional training you can benefit from, gives you an unprecedented way to build personal wealth.
What you will learn:
• Why FOREX is becoming a necessary part of every traders portfolio
• What drives USD pricing and how you can exploit a rising or falling currency market
• What the current government actions mean for the US Dollar
• How to take advantage NOW to benefit your portfolio
• Plus much more!
Sign up now to attend this informative seminar to learn how to take better control of your wealth; and profit from the coming change in the value of the US Dollar.
Time: July 29, 2009 from 6pm to 7pm
Location: Online Global Presentation Central Time
Phone Number 
484-589-1010
Access Code: 240-395-806
Website or Map: https://www2.gotomeeting.com/register/853493738
Phone:615-692-1135 for Information
Event Type: webinar
Organized By: Currency Investors Group
Jason Alan Jankovsky Morning Forex Briefing July 24th
The USD is mixed this morning as better overnight equities and better German IFO data helped push some pairs higher while poor UK GDP data pressured Cable lower; the Greenback starting New York at the lower end of recent ranges but holding off lows. German IFO sentiment index came in better-than-forecast surprising traders lifting the EURO past near-term resistance at 1.4200 area for a high print at 1.4250 in early New York; low prints at 1.4134 at the Asian open left the rate off the pullback lows seen in late New York yesterday with support around 1.4120 area. Traders note that likely model and momentum accounts got whipsawed yesterday and will likely be sidelined today without more volatility higher as they appear biased to the upside.
GBP high prints at 1.6545 as the rate tracks EURO but not before dropping back sharply on GDP data; GDP showed the weakest y/y drop on record dashing hopes for some that the BOE will end QE sooner and leaving analysts to regroup on when the UK economy will show growth again. Low prints in Cable at 1.6430 with stops said to be resting around the 91.6420 area suggesting more downside is due.
USD/JPY is two-way but under yesterday’s highs with a high print at 95.18 before dropping back a bit to hold the 94.70 area; low prints at 94.58 making the overnight session a technical inside range day.
Traders note that a firmer Nikkei on spillover from the DJIA’s firm close Thursday helped to support the pair but offers are said to be thick above the 95.00 handle today. Stops are said to be resting in the rate around the 94.20/30 area.
USD/CHF has dropped back below the 1.0700 handle for a low print at 1.0672 in early New York; high prints at 1.0763 certainly looked as if the rate was poised to regain the 1.0800 handle this morning but offers from fast-money types capped the move higher quickly resulting in whipsaw as the rate couldn’t hold gains. Traders still on the look-out for actions from the SNB; that may provide support on dips near-term.
USD/CAD is tracking lower again making a new low for the week at 1.0824 in early New York with no relief in sight for the down move. Sellers have been relentless and now the rate is approaching the March 2009 lows with bids expected ahead of 1.0780 area. High prints at 1.0926 were on low volumes some desks report.
In my view, the Greenback is consolidating the lows again with the retracement overnight after Thursday’s solid attempt at a rally a big disappointment for the bulls; traders were looking for the USD to hold gains into Friday with a real chance of an equities sell-off adding to the hopes for a bottom. Although the Greenback is forming a wide trading range and is certainly two-way today I think the sentiment is overly bearish and the shorts will cover soon. If equities can’t follow-through today I would expect a USD rally as risk is taken off the table. Look for a better close today for the USD.
Jason Alan Jankovsky, FOREX Analyst and Trader
Toll Free in the US: 1-866-435-9959
Skype: TheLionOnline
Yahoo chat: TheLion_Chicago
Join me for my daily FOREX newsletters and LIVE FOREX briefings; click here for details
Check out my latest book: The Art of the Trade
Currently an Amazon top 100 bestseller under Business and Futures.
Also available my first book: Trading Rules that Work
Currently an Amazon.com top 100 bestseller under Finance/Futures
Trading in off-exchange foreign currency transactions (FOREX) involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading in FOREX is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, market data, or trade discussion are subject to change at any time.
