I would like to encourage you all to post comments and questions related to forex on all of Andrew’s sites . He is a true professional and can greatly help you the professional forex investor. He is a great man. I want to personally invite you to take advantage of his insight and knowledge. he is a man of great character. Best wishes to all you of this trading week. Remember Andrew Spanton is the voice of forex. Good luck
I would like to welcome all of you to this site. This site is produced by Andrew Spanton, a global forex leader. He is well known for his daily Spanton forex report and forex radio in addition to being a guest expert on a number of financial programs. I hope you enjoy his comments about FOREX. I would encourage all of you to please comment on all of Andrew’s videos. He is a great man. Best wishes and good luck in all yoru trading activity
I hope you all have enjoyed this video. This os only a small sample of the quality of Andrew’s work. He is excellent and worth ebery second you are with him. Ask him for his daily forex report — it contains valuable information for your forex trading needs. Andrew is a true professional and a man of integrity. I hope you tune in daily — he is on global forex radio, you tube and has a daily newsletter. This man is fantastic -you cant hope for more. Good luck to all of you.
The continued high price of oil is probably having a greater effect on Asian countries than on other regions. A number of factors compound this problem, but high on the list is the fact that many Asian governments subsidise oil. Maintaining these subsidies and dealing with the high cost of energy generally is proving increasingly difficult for economies in the region and is also affecting investor sentiment. Does the Fed like that China may have to spend surplus in subsidising domestic oil?
If your looking for trading signals, or someone to tell you when to pull the trigger, “Stop”!
You won’t find them here!
But if you want to learn how to trade, make your own decisions and calls based on Technicals and Fundamentals, then you need to pay attention to Andrew. No I am not paid to say this, I am Premium member of Andrew’s room since Jan 1,08 and I pay to be there. I have learned more in this short time than 2 years of trading prior. Free for a week, give it a try. See you there, Dale
BoJ Governor Shirakawa acknowledged that rising oil and raw-material costs are likely to have “a negative effect on capital spending and consumption” this week. Will be interesting to observe range break out on some yen pairs esp EURYEN.
I believe that the oil spike will retrace to 130 , while gold will hit 950. I also believe the Canada $ will go sup par as Carne lowers rates another 25 bp in June. Let’s not give up on the yen /Dow strategy — it is a sure winner 95% of the time, while triple roll works 88% of the time.
Please note that in addition to youtube, paltalk and forex radio ,effective June 1 Andrew will be publishing a daily newsletter , which I am proud to say I will help compile. Best wishes for a successful day
The profit-taking pullback that started at 1.5816 yesterday extended down to 1.5692 in the US session, tested the lows again today, and its now making its way higher again.
US data today sees only US Existing Home Sales for April with a 4.95 Mln annualized figure currently forecast. Would be interesting to see the weekly close today ahead of the extended weekend with UK and US holiday on Monday.
I don’t know about 162.00, but I do see 160.00 in the cards by Tuesday morning. Oil has retraced, but is still aboutv 130.00. If the euro ends at a weekly high, watch for a huge gap up on Sunday.
Both the current and expectations component of the IFO report increased this month, which suggests that the strength of the Euro and the weakness in the global economy is not taking a significant a toll on German business activity. Friday’s PMI numbers will shed more light on the actual health of the Eurozone economy. Swiss Franc also rallied across the board thanks to a drop in the unemployment rate and an improvement in analyst pessimism. UK/US holidays Monday but watch Euro PMI for clues.
Did anyone notice the strong move in the Kiwi (NZD) last night? Since I didn’t see any news about any economic data due, I asked around and was told this:
“I think it was the tax cut announcement by the New Zealand government. The tax cut will raise inflation possibilities and make it more difficult, if not impossible, for bank of New Zealand to cut interest rate, hence, the strengthening of kiwi.”
The pound was given a sharp boost by economic data which showed UK consumer spending is not falling as rapidly as feared. Meanwhile, the Confederation of British Industry (CBI) said industrial activity continued to decline, but that the number of manufacturers intending to raise their prices jumped to a 13-year high in May. Euro was somewhat weaker after a 1 percent drop in industrial orders in March.
USD, meanwhile, will be in focus for the rest of the day ahead of jobs and housing data.
Despite banks changing forecasts and funds pushing Crude higher lets look at the crude chart in perspective. More new highs within this steepening trend in which the recent step sequence is very clear – one above the other on closes – with both the time of each pause and also the price range of each bar and candle even narrowing. Evidence of a maturing trend (note overextension on weekly chart relative to EMA) although its consistency means that it is still in motion. Watch CL support break.
The dollar is definitely under pressure this morning. Now that oil has reached $130, you gotta believe there are a bunch of sellers just on the other side waiting to pull the trigger. There might be a little upside momentum left, but I believe by next week it will be below $120 again.
Oil hit a record $130 as the dollar remained weak and as fund interest picked up after several investment banks and major market players upgraded their price predictions. In Eur/Usd, the late Asian dip below 1.5650 saw 1.5636 hit but the lower levels only served up more attractive levels to buy.
Euro and Aussie are shining today, and we shall soon find out with andrew if the trend is going to continue in the US session.
Wolfgang Franz ZEW comments were interesting on euro inflation. IFO may tell us different tomorrow for euro.15735 area 61.8% 16013-15260 areas lows. $Yen needs to hold 10350 area or lower . Oil levels of interest in particular tuesday NY closes on most pairs/energies.
Strong rally seen in Euro and GBP today recovering all the losses from yesterday. Euro/Usd took giant steps forward towards 1.5700 which still remains a crucial resistance. USD news later today will make the picture more clear. We hope to make good pips with andrew as always.
The euro and the pound are looking very bullish right now. both have tested key lows, held, and had a significant up move. The euro is currently in a pullback. Could be a good time to load up for the ride to 1.5700.
Post from 12 hrs ago did not post. It concerned the weighings of S&P of total integrated energy sector. This morning Bloomberg reported 3 oil cos made up 50% of profits on S&P. If not counted shares would be down a further 26% and 30% last 2 quarters. Something to look at on pairs. In 1980 at oil peak, energy weighings made up 33% before crude correction. We shall see and watch charts.
July 28th, 2010 | 
Author: 
Posted in Forex Trading Education
I would like to encourage you all to post comments and questions related to forex on all of Andrew’s sites . He is a true professional and can greatly help you the professional forex investor. He is a great man. I want to personally invite you to take advantage of his insight and knowledge. he is a man of great character. Best wishes to all you of this trading week. Remember Andrew Spanton is the voice of forex. Good luck
I would like to welcome all of you to this site. This site is produced by Andrew Spanton, a global forex leader. He is well known for his daily Spanton forex report and forex radio in addition to being a guest expert on a number of financial programs. I hope you enjoy his comments about FOREX. I would encourage all of you to please comment on all of Andrew’s videos. He is a great man. Best wishes and good luck in all yoru trading activity
I hope you all have enjoyed this video. This os only a small sample of the quality of Andrew’s work. He is excellent and worth ebery second you are with him. Ask him for his daily forex report — it contains valuable information for your forex trading needs. Andrew is a true professional and a man of integrity. I hope you tune in daily — he is on global forex radio, you tube and has a daily newsletter. This man is fantastic -you cant hope for more. Good luck to all of you.
MC Hammers! No different sort of hammers. Tune in or tune out. You can’t touch this..
A keen understanding of forex including the techs and fundamentals,
The continued high price of oil is probably having a greater effect on Asian countries than on other regions. A number of factors compound this problem, but high on the list is the fact that many Asian governments subsidise oil. Maintaining these subsidies and dealing with the high cost of energy generally is proving increasingly difficult for economies in the region and is also affecting investor sentiment. Does the Fed like that China may have to spend surplus in subsidising domestic oil?
If your looking for trading signals, or someone to tell you when to pull the trigger, “Stop”!
You won’t find them here!
But if you want to learn how to trade, make your own decisions and calls based on Technicals and Fundamentals, then you need to pay attention to Andrew. No I am not paid to say this, I am Premium member of Andrew’s room since Jan 1,08 and I pay to be there. I have learned more in this short time than 2 years of trading prior. Free for a week, give it a try. See you there, Dale
BoJ Governor Shirakawa acknowledged that rising oil and raw-material costs are likely to have “a negative effect on capital spending and consumption” this week. Will be interesting to observe range break out on some yen pairs esp EURYEN.
I believe that the oil spike will retrace to 130 , while gold will hit 950. I also believe the Canada $ will go sup par as Carne lowers rates another 25 bp in June. Let’s not give up on the yen /Dow strategy — it is a sure winner 95% of the time, while triple roll works 88% of the time.
Please note that in addition to youtube, paltalk and forex radio ,effective June 1 Andrew will be publishing a daily newsletter , which I am proud to say I will help compile. Best wishes for a successful day
The profit-taking pullback that started at 1.5816 yesterday extended down to 1.5692 in the US session, tested the lows again today, and its now making its way higher again.
US data today sees only US Existing Home Sales for April with a 4.95 Mln annualized figure currently forecast. Would be interesting to see the weekly close today ahead of the extended weekend with UK and US holiday on Monday.
Oil is just taking a breather, a large spike in oil is coming soon. both ways
I don’t know about 162.00, but I do see 160.00 in the cards by Tuesday morning. Oil has retraced, but is still aboutv 130.00. If the euro ends at a weekly high, watch for a huge gap up on Sunday.
Both the current and expectations component of the IFO report increased this month, which suggests that the strength of the Euro and the weakness in the global economy is not taking a significant a toll on German business activity. Friday’s PMI numbers will shed more light on the actual health of the Eurozone economy. Swiss Franc also rallied across the board thanks to a drop in the unemployment rate and an improvement in analyst pessimism. UK/US holidays Monday but watch Euro PMI for clues.
higher oil means 162.00 for the euro long at 1.5630
Did anyone notice the strong move in the Kiwi (NZD) last night? Since I didn’t see any news about any economic data due, I asked around and was told this:
“I think it was the tax cut announcement by the New Zealand government. The tax cut will raise inflation possibilities and make it more difficult, if not impossible, for bank of New Zealand to cut interest rate, hence, the strengthening of kiwi.”
The pound was given a sharp boost by economic data which showed UK consumer spending is not falling as rapidly as feared. Meanwhile, the Confederation of British Industry (CBI) said industrial activity continued to decline, but that the number of manufacturers intending to raise their prices jumped to a 13-year high in May. Euro was somewhat weaker after a 1 percent drop in industrial orders in March.
USD, meanwhile, will be in focus for the rest of the day ahead of jobs and housing data.
Despite banks changing forecasts and funds pushing Crude higher lets look at the crude chart in perspective. More new highs within this steepening trend in which the recent step sequence is very clear – one above the other on closes – with both the time of each pause and also the price range of each bar and candle even narrowing. Evidence of a maturing trend (note overextension on weekly chart relative to EMA) although its consistency means that it is still in motion. Watch CL support break.
Looking forward to the newsletter..get on the email list folks if your not already on it, starts june 1…should be good
The dollar is definitely under pressure this morning. Now that oil has reached $130, you gotta believe there are a bunch of sellers just on the other side waiting to pull the trigger. There might be a little upside momentum left, but I believe by next week it will be below $120 again.
Oil hit a record $130 as the dollar remained weak and as fund interest picked up after several investment banks and major market players upgraded their price predictions. In Eur/Usd, the late Asian dip below 1.5650 saw 1.5636 hit but the lower levels only served up more attractive levels to buy.
Euro and Aussie are shining today, and we shall soon find out with andrew if the trend is going to continue in the US session.
Wolfgang Franz ZEW comments were interesting on euro inflation. IFO may tell us different tomorrow for euro.15735 area 61.8% 16013-15260 areas lows. $Yen needs to hold 10350 area or lower . Oil levels of interest in particular tuesday NY closes on most pairs/energies.
Strong rally seen in Euro and GBP today recovering all the losses from yesterday. Euro/Usd took giant steps forward towards 1.5700 which still remains a crucial resistance. USD news later today will make the picture more clear. We hope to make good pips with andrew as always.
I really enjoy the chart sessions like this..helps to confirm own bias or make you rethink it and to make note of certain levels..
The euro and the pound are looking very bullish right now. both have tested key lows, held, and had a significant up move. The euro is currently in a pullback. Could be a good time to load up for the ride to 1.5700.
Post from 12 hrs ago did not post. It concerned the weighings of S&P of total integrated energy sector. This morning Bloomberg reported 3 oil cos made up 50% of profits on S&P. If not counted shares would be down a further 26% and 30% last 2 quarters. Something to look at on pairs. In 1980 at oil peak, energy weighings made up 33% before crude correction. We shall see and watch charts.