Author Archive

• First day of the last month in of the 1st Quarter of 2010
  kevinmhughes, March 1st, 2010 at 5:22 am, Comments: 0

  Over the weekend, news came out about how Europe ($EUR) is going to bail out Greece with $30,000,000,000. It should be very advantageous for the $EURUSD and some other European crosses. With this news, the $USDX will be affected today. Below are the charts/levels for the $EURUSD & $AUDUSD (as I'm always preaching, when watching these pairs, we need to keep an eye out on the commodities, they are a tell tail of what type of price action we will see).

• NYC, StockTwits & the inevitable Wo Hop visit
  kevinmhughes, February 19th, 2010 at 5:07 am, Comments: 0

  "If you can't get here, it doesn't exist"

• Thank you China!
  kevinmhughes, February 12th, 2010 at 6:58 am, Comments: 0

  Chinese news makes for an interesting morning. Evidentially China raises reserve requirements for their banks by 50 basis points.

• Daily watch points…
  kevinmhughes, February 7th, 2010 at 6:41 pm, Comments: 0

  Here are the daily levels I'm watching out for on the $EURUSD and $USDJPY.

• Take a step back and let’s look…
  kevinmhughes, February 6th, 2010 at 1:24 pm, Comments: 0

  "May God have mercy upon my enemies, because I won't.”
  - General George S. Patton
  That quote by Gen. Patton is exactly the thought should go through traders' minds every day before their respective market opens.  Not that we're going out there to inflict physical harm on people, but the trading world (regardless of what you [...]

• What are we looking at?
  kevinmhughes, January 31st, 2010 at 10:30 am, Comments: 0

  Last week, the $USDX made an impressive rally! We closed at 1.3861 on the $EURUSD where it opened the week at 1.4146. It rallied (if that's what you want to call it) to 1.4191 before turning around and plummeting to Friday's close.

• The calm before the storm…
  kevinmhughes, January 26th, 2010 at 3:11 pm, Comments: 0

  Today was somewhat of a boring day. There were some moves that created some urgency, but were short lived.

• Oh what a night!
  kevinmhughes, January 26th, 2010 at 5:39 am, Comments: 0

  It's been for the most part a wild ride in the currency markets since Asia. We've seen the $USDX strengthen nearly 100 pips on against the $EUR & $GBP ($EURUSD $GBPUSD) as the commodity countries: $CAD $NZD $AUD ($USDCAD $AUDUSD $NZDUSD).

• $EUR & $JPY for Asia
  kevinmhughes, January 19th, 2010 at 4:35 pm, Comments: 0

  What a boring couple of days in the FX market, in my opinion, I live my life in 1 & 5 min charts. It hasn't been totally boring, there was a lot of money to be made out there. Here is what I am looking at for tonights (1/18/2010) Asian trading session

• Another US Holiday
  kevinmhughes, January 18th, 2010 at 6:24 am, Comments: 0

  The US equity markets are closed and banks are closed. The currency markets and futures markets, on the other hand, are not closed.