Seeking Alpha

ForexMinute's  Instablog

Send Message
ForexMinute is a leading financial news website, providing investors with key tools to become top class traders. The team provides global investors with a huge amount of resources, such as the latest forex news, broker reviews, fundamental and technical analysis and other top... More
My company:
Forex Minute
View ForexMinute's Instablogs on:
  • S&P 500 – All Time High

    Wall Street experienced a sharp bullish move as soon as the markets opened on Monday, where the S&P 500 index opened with a huge gap after which it tested its all-time high of the 1710 level. This is the same level that it tested a few weeks back, but couldn't sustain above it and is currently trading at the 1698 level just at the start of the Asian session on Tuesday.

    (click to enlarge)

    This upward gap was witnessed not only in the stock market index but also in major currencies as the one of the contenders for Fed Chairman - Lawrence Summers - announced that he is withdrawing his nomination for the race of becoming the Fed chairman after Ben Bernanke. Moreover, the tensions hovering over the Syrian crisis also eased where no strike is being expected against Syria any time soon.

    This move may also be a speculative manipulation by the traders where they may be preparing to start shorting the market as the tapering of QE is expected in the FOMC meeting due this Wednesday. Therefore, a good selling price would be enjoyed for the sellers as they may have hunted the stop losses of short-term traders.

    Boeing Gains on Endorsement

    The shares of the aircraft-maker - Boeing - gained around 3.8% to reach the level of $115.5 a share level that is the biggest rise in the Dow, as an analyst from Sterne Agee pointed out that the Boeing shares are a 'must-own stock' these days among big industrials. Moreover, he hinted that the price of Boeing shares may rise further and go on to test $164 after it sustains above the $120 resistance level.

    Finance and Housing Stocks Rallies

    The shares of Wells Fargo & Co. experienced a 1.8% rise in the share price after which the stock is currently trading at $42.95 level, as the 81 members of the S&P index advanced. In the housing sector, D.R. Horton surged around 4.3% on Monday and is now trading just below its previous resistance level of $20 a share.

    By Forexminute - Jonathan Millet (

    To contact the reporter of this story: Jonathan Millet at

    Tags: GSD.B, S P500
    Sep 17 9:03 AM | Link | Comment!
  • Setting Up For Gold's Next Move
    Setting Up for Gold's Next Move

    Email this page

    By CaesarTrade - Eric HarborBy Forexminute - Eric Harbor | Technical Analysis Reports | Sep 12, 2013 9:07PM UTC


    Though Gold lasts forever and never loses its luster, the markets tend to exhibit a love/hate relationship with this metal. Today, it was down 3% and still people were buying all the way down.

    I suggest a different approach to make your million bucks trading gold with lots of leverage and that is not chasing it and setting yourself up for the next move.

    Related Articles


    At least that's what we do with my gold money management service , we simply read the news and analyze the price data. The simple approach works.

    Once Gold hovers around 1300, you are going to see more shorts pile in. So a potential reversal should be around 1307.13 a break below could lead to 1296 and still time to make $10 off of the trade.

    Don't consider buying Gold until there is more stability, or a reversal day over today's pre-crash high of 1371.40.


    We present 3 important price levels to key off of when trading Gold for the big bucks.

    If you are looking for further information or would like me to analyze something in particular, email the reporter at

    About: Forexminute - Eric Harbor


    Eric Harbor is CEO of a boutique forex broker that believes in providing quality information and incentives, like bonuses, in order for the trader to be focused on trading.

    Sep 13 11:28 AM | Link | Comment!
  • Majors Set To Fall
    Majors Set to Fall

    Email this page

    By Forexminute - Jonathan Millet | Forex Tips | Sep 11, 2013 9:00AM UTC


    (click to enlarge)

    The euro remained in a tight range on Tuesday where it failed to break the previous resistance level of 1.3280 and in fact made a double top at this point. There was no such critical fundamental due yesterday, however the French industrial production contracted to some extent.

    The Syrian government has agreed on the Russian deal that they would allow other forces to access the spots where chemical weapons are hidden and would avoid the usage of those weapons, hence leading to no or negligible military attack by the U.S. Therefore, the concerns hovering over this political issue have calmed down after which it the U.S. stock market also gained and sustained above the 1680 level and gave closing above this.


    The euro is currently trading at the 1.3267 level where it has completed its 61.8% retracement and is set to fall again. If it moves below the critical level of 1.3245 then its next target would be 1.3227 and 1.32100, breaking of which could show 1.3180. On the other hand, a move above 1.3280 could lead it to 1.3308 and 1.3323.

    Related Articles



    The GBP/USD pair is however doing well as it is taking that investor confidence forward where the U.K. economy is showing positive signs of recovery, plus the technical levels are also in favor of the bulls. The Claimount Count Change data is due today for the GBP, where a move above the 1.5742 resistance area could lead the pair to test 1.5767 and 1.5792. On the other hand, if it moves below 1.5680 then it may test its support levels of 1.5655 and 1.5630.


    The precious metal remained bearish and lost its shine on Tuesday after the concerns regarding a war-like scenario faded, after Syria agreed a deal with Russia. Gold fell from the 1391 resistance level down to 1357 after which it closed at 1362. The metal is bearish and would remain good to short if it remains below the 1379 resistance level.

    The greenback has been gaining for the past few weeks and is all set to go totally under the control of bulls, provided nothing extra-ordinary or out-of-the-blue fundamental happens. Technical levels show that the U.S. dollar would get stronger against the major currency pairs and gold, while the stock market would rise and may test the 1700 level yet again.

    To contact the reporter of this story: Jonathan Millet at



    More from ForexMinute



    Now Trending



    About: Forexminute - Jonathan Millet

    Jonathan Millet is currently the proud CEO of, the brand new financial news portal which is making waves among Forex traders around the globe for the innumerable Forex resources it off...

    View all of Jonathan Millet's Articles »

    Sep 12 2:46 AM | Link | Comment!
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.