Saturday May 25th, 6:04AM EDT
Expert Charts, Trading Tips and Technical Analysis from INO.com
What do you think is going to happen to the EURO vs the U.S. Dollar in the next month? Today on our 1 pm update we will be looking into the trend of the EURO and point out some very interesting traits about the Forex markets.
Please feel free to vote and add your comments.
Every Success,
The MarketClub Team
It's that time of year again when everyone who is considered an "expert" comes out of their ivory towers and makes their annual market predictions for the New Year.
I can honestly say that I wish I had a crystal ball like these other forecasters, but that's not quite how the markets work. You see, markets don't give a "Rats A**" about what forecasters say or what predictions economists make. The market is the only true voice out there.
Think about that for a moment. How many predictions do you remember that were even close to being spot on a year in advance? I remember several forecasts for 2010 and most of them were far from accurate.
Does it make any sense to trade on a year-end forecast, not knowing what can happen in this crazy world we live in? It doesn't make any sense to me or to other professional traders who never trade based on year-end predictions.
So let's get back to reality and take a look back on 2010 to see what the big trends are showing for 2011.
Late last week we produced a video on the euro (which was posted on our blog on Monday), making a case that the currency was very close, if not at its highs. Since then, we have had two significant events fall into place which made the dollar skyrocket against the euro.
My new video shows you exactly what transpired and where we are so far this week. I think you'll find it interesting and informative.
As always our videos are free to watch and there is no need for registration.
I would appreciate that if you have comments on this market that you please leave them on the blog for everyone to see.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
In this short video we take an in-depth look at the euro and its relationship to the US dollar. The recent sharp rally in the euro, up from the 1.19 level, may be coming to an end.
We look at several indicators that are close to confirming that this market may be set to head lower.
As always our videos are free to watch and there is no need for registration. We would love to get your feedback of this market on our blog, so please feel free to comment.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
After dipping just below the 1.20 level, the euro had a brief rally that pushed this currency back up to the 1.24/1.25 area. This corrective rally did not change the longer-term outlook for this market.
In this new short video (less than two minutes in length), you'll see our updated thinking on this currency.
Like all of our videos, there is no need to register and we encourage you to leave your thoughts below.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
It's the biggest market in the world and is traded 24 hours a day, 6 days a week, and therefore one that is impossible to ignore. I'm speaking, of course, about the forex market.
The question is, is this the tail that's wagging the dog? Meaning, is the forex market, mainly the euro, dictating the trend in American and European equity markets.
Markets can get oversold, but when is a market really oversold?
In my new video I show you a specific example of how markets can become oversold, stay that way, and why sometimes a relief rally doesn't change anything.
This is a short video and it's one I highly recommend watching as it will help you in the future to be aware of the oversold phenomenon.
I invite you to take a look at this new video with no registration and no charge.
I'm also interested in your views or strategy dealing with an oversold market, just leave us a comment below.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Don't be surprised when one euro equals one dollar... it could happen.
As everyone in the Western World knows, Europe has been having its share of major problems. All of Europe’s trials and tribulations have had a dramatic effect on the performance of the euro, recently putting it under severe pressure.
Unlike the United States, where we can print money and inflate ourselves out of most problems, the Eurozone is accountable to the 16 nations who gave up their own currency to join.
I have had a lot of calls and e-mails about doing a video on the euro, so I looked at the markets and made a video to share my thoughts with you.
It has been a while since we looked at the dollar index, so today we decided to dissect this market and look at it step-by-step.
What is happening in this market is very interesting and I think you will see in this short video just what we have in mind.
As always, our videos are free to watch and there are no registration requirements. Do you agree with my analysis of the dollar index? Leave a comment and let us know what you see.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
We ended 2009 with the overriding consensus that the dollar was going to be under pressure and keep moving lower against the euro. Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009.
So what happened? Was conventional thinking wrong, or did the market get it right? We may be at a tipping point where conventional thinking could well be wrong again.
In my new video I share with you what I see in the euro/dollar cross right now.
As always our videos are free to watch and there are no registration requirements. I would really like to hear back from you, with regards to your thoughts on this cross-rate. Your comments are welcome on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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