Terry Allen

As we all know, the homebuilder stocks lead the decline in the stock market fall of 2007 – 2008. These stocks actually topped out in late 2005, and have been in a bear market ever since. Companies such as Toll Brothers Inc. (NYSE: TOL) have rallied more than 40% off their 2009 lows. Meanwhile,...

The US Non-Farm Payrolls has just been posted registering a drop of 20k compared to an expected gain of 15k. Despite the additional job losses, the US Unemployment figure dropped to 9.7% from 10% during January as a possible result of previous month’s adjustments. During the night, increased risk...

With fiscal liquidity concerns spreading like wild-fire across Europe, the EURUSD sold-off at a frightening rate today falling by over 150 pips to its present value of 1.3730 (see hourly chart). The correlated Dow Index also tumbled by over 260 points finishing the day just above 10,000. The safe-...

The European Central Bank confirmed in the last hour that it will keep its Interest Rates unchanged at 1.00%. This announcement has followed a poor night for the Euro as the Euro-zone is currently plagued by growing fiscal concerns for some of its member countries. Both Spain and Portugal are now...

Increases in risk appetite helped the Euro gain more ground during the night with the EURUSD rising as high as 1.4020 before retracting to its present value of 1.3995 (see hourly Chart). Both the safe-haven Dollar and Yen fell upon the news that the European Commission intends to back Greece’s...

The Dollar made mixed headway during the night with the EURUSD climbing slightly to its current value of 1.3935 (see hourly chart) whilst the USDYEN fell from its highs of 90.90 to 90.55 presently. This range trending is expected to continue through the week as the markets prepare themselves for...

With no major fundamental releases last night, risk aversion drove the USD higher against most of the other majors with the EUR/USD achieving a low of 1.4640. The biggest loser overnight was the Yen with the USD/YEN now sitting at 92.21. European concerns, that early stimulus removal could force...

Last week’s dramatic rise of the EUR/USD was fueled by increasing trading volumes although the fundamental reasons for doing so were more vague. As such, the EUR/USD dropped out of its new Bull channel overnight falling to 1.4530, see chart. Although the EURO fared well recently against the USD,...

The Dow Jones gain of 80 points yesterday revamped the EUR/USD rally with a new high recorded at 1.4625. The pair has since retreated to 1.4590 - see chart. Without question, the YEN has been the big winner in the last 24 hours raising by over 100 pips against both the USD and the EUR. The USD/YEN...

The recent EUR/USD bull trend stalled overnight - see Chart. Two conflicting fundamental influences seem to be in play at present. In the last six months, more stable market conditions have helped fuel a rebound. However, the speed of the recovery seems dependent on interest rate hikes which are...

The re-opening of the US Markets yesterday sparked further EUR/USD gains to the highest level seen this year at 1.4530. This could be the start of a new USD Bear trend if investors can sustain their recent increase in confidence. This would then allow them to focus on grander concepts such as...

After a quiet holiday‘s trading, the USD fell dramatically overnight against all the other majors with the Euro hitting a yearly high at 1.4490, see chart, and the GBP reaching 1.6570. The higher yielding currencies benefited from a general increase in traders’ confidence that sparked a renew...

The smallest monthly drop in Non-Farm Payrolls in 12 months fueled a EUR/USD surge last Friday afternoon -see Chart. This trend continued overnight supported by claims printed in the UK Daily Telegraph that China was worried about the level of US money printing. In addition, early this morning Euro...

... The eagerly awaited Non Farm Payrolls posted a drop to 216K against the forecasted 230k registering a twentieth consecutive monthly decline. Of more concern, perhaps, was US Unemployment rate rising to 9.7% versus the expected 9.5% indicating that now one in ten Americans are out of work. The...