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James Hyerczyk Forex Analysis Archive

Below you will be able to search the entire forex analysis archive added by James Hyerczyk . You may filter the results, by category and year.
 
Categories: Market Analysis - Fundamental - Technical - Futures - Central Banks   | 2008
 
On 21-10-2008
Look for Pressure on Yen as Equity Markets Gain Confidence in Rally
... Read More
On 21-10-2008
GBP USD Under Pressure as U.S. Economy Expected to Recover Before U.K.
... Read More
On 21-10-2008
Euro Reverses Day as Bernanke Announces Support for Stimulus Plan
... Read More
On 03-10-2008
Banking Problems, Tight Credit and Demand for the Dollar Should Weaken the Euro
... Read More
On 02-10-2008
Trichet's Comments Point toward Interest Rate Cut
... Read More
On 01-10-2008
Dollar's Gains are Tempered in Light Trading Session
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On 23-09-2008
Dollar Rallies as Recent Plunge Seems Overdone
Dollar Rises on Profit-taking after Huge DeclineTrading was slow in the Forex markets today as traders focused on the speeches by Bernanke and Paulson before the U.S. Senate.  Bernank... Read More
On 22-09-2008
Dollar Could Get Crushed as U.S. Budget Deficit Grows
The Dollar traded sharply lower against the Euro as traders expressed their concerns financially about the government’s plan to rescue the U.S. banking industry.  Fear is in the market at t... Read More
On 05-09-2008
The Forex Pattern Price Time Report - All Sessions - Evening Comments
The holiday shortened week ended with the U.S. Dollar losing ground to most major currencies as Non-Farm Payrolls fell more than expected and the unemployment rate jumped to a 5-year high.  ... Read More
On 05-09-2008
The Forex Pattern Price Time Report - All Currencies- Evening Session
The holiday shortened week ended with the U.S. Dollar losing ground to most major currencies as Non-Farm Payrolls fell more than expected and the unemployment rate jumped to a 5-year high.  ... Read More
On 04-09-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
On Thursday the European Central Bank decided to leave interest rates unchanged without offering any direction as to if or when a reduction would take place.  Traders, however, were dealt a surpr... Read More
On 04-09-2008
The Forex Pattern Price Time Report - All Sessions - Evening Session
On Thursday the European Central Bank decided to leave interest rates unchanged without offering any direction as to if or when a reduction would take place.  Traders, however, were dealt a surpr... Read More
On 03-09-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss.  Traders attributed the rally to a turnaround in t... Read More
On 03-09-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss.  Traders attributed the rally to a turnaround i... Read More
On 29-08-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
On Friday the U.S. government reported that growth in Personal Spending declined to 0.2 in July as Personal Income declined 0.7 percent.  These reports reflected the impact of high energy costs a... Read More
On 29-08-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
On Friday the U.S. government reported that growth in Personal Spending declined to 0.2 in July as Personal Income declined 0.7 percent.  These reports reflected the impact of high energy costs a... Read More
On 28-08-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
A stronger than expected U.S. Gross Domestic Product (GDP) report helped the U.S. Dollar pare earlier losses against the Euro.  Overnight the EUR USD was maintaining its stren... Read More
On 28-08-2008
The Forex Pattern Price Time Report - All Currencies - Evening Session
Stronger Than Expected U.S. GDP Supports DollarA stronger than expected U.S. Gross Domestic Product (GDP) report helped the U.S. Dollar pare earlier losses against the Euro.  Overn... Read More
On 27-08-2008
The Forex Pattern Price Time Report - AUD USD - Morning Session
Stronger commodity prices overnight especially gold and crude oil is providing support for AUD USD.  A hurricane in the Gulf of Mexico is heading toward refineries which account for about 42% of ... Read More
On 27-08-2008
The Forex Pattern Price Time Report - EUR USD - Morning Session
The EUR USD is trading firm overnight on the prospects of higher crude oil price.  A hurrican is poised to threaten a major U.S. refinery area which is likely to send crude oil surging higher ove... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD JPY - Morning Session
A weaker stock market overnight is putting downside pressure on the USD JPY.  The market is still finding resistance at the major 50% price at 109.94 and a down trending weekly Gann angle at 109.... Read More
On 27-08-2008
The Forex Pattern Price Time Report - GBP USD - Morning Session
The longer-term fundamentals remain weak, but short-term it looks like the down side momentum is subsiding.  Traders are citing the weak U.S. economy as a reason for the mild strength in the GBP ... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD CHF - Morning Session
The USD CHF is expected to find down side pressure today as the U.S. stock indices are weak and in a down trend.  The weak U.S. economy and the credit crisis is fueling the break in this pair.&nb... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD CAD - Morning Session
The main trend turned down in the USD CAD yesterday.  The rally in gold and crude oil is expected to put more downside pressure on this market over the short-run.  Expectations are for the h... Read More
On 27-08-2008
The Forex Pattern Price Time Report - NZD USD - Morning Session
Technically this market remains in a down trend.  A new main top was formed at .7217.  A trade through this price will turn the main trend to up.  Stronger commodity markets today espec... Read More
On 27-08-2008
The Forex Pattern Price Time Report - All Forex - Evening Session
The EUR USD rallied early Wednesday as traders reduced speculation the ECB would cut rate before the end of the year.  Comments from ECB Executive Board Member Axel Weber put an ... Read More
On 27-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
The EUR USD rallied early Wednesday as traders reduced speculation the ECB would cut rate before the end of the year.  Comments from ECB Executive Board Member Axel Weber put an end to the talk t... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD JPY - Evening Session
The USD JPY traded in a wide range on Wednesday.  The initial reaction was down as traders were looking for a lower opening in the stock market.  After the release of the U.S. Durable Goods ... Read More
On 27-08-2008
The Forex Pattern Price Time Report - GBP USD - Evening Session
The GBP USD fell to a new low for the year as the better than expected Durable Goods Report was interpreted as leading the Fed closer to an interest rate hike.  This brought downside pressure to ... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD CHF - Evening Session
The USD CHF fell early in the session as the U.S. stock markets were expected to fall along with Asian and European stock markets.  The better than expected U.S. Durable Goods Report triggered ea... Read More
On 27-08-2008
The Forex Pattern Price Time Report - USD CAD - Evening Session
The USD CAD posted a modest loss as crude oil strengthened throughout the day.  The Canadian economy relies heavily on crude oil.  The loss on Wednesday was small relative to the move in cru... Read More
On 27-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
The AUD USD traded sideways most of the day as traders await next week’s interest rate decision by the Reserve Bank of Australia.  At the meeting on September 2 the RBA is expected to cut r... Read More
On 27-08-2008
The Forex Pattern Price Time Report - NZD USD - Evening Session
The NZD USD is still holding the low for the month at .6823.  This pair traded firm throughout the day in anticipation of a short-covering rally fueled by higher commodity prices.  Traders a... Read More
On 26-08-2008
The Forex Pattern Price Time Report - EUR USD - Morning Session
The down trend resumed overnight with the market taking out last week's low to trade at its lowest level since February.  Major weekly chart support is at 1.4537.  Continue to trade th... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD JPY - Morning Session
The USD JPY is showing some strength overnight as it is hovering near 109.94 again.  This price is a major 50% retracement price and should be treated like a pivot.  Look for strength to dev... Read More
On 26-08-2008
The Forex Pattern Price Time Report - GBP USD - Morning Session
Technically this market remains extremely weak as a major monthly uptrending angle failed to hold on the break.  Indications are this market is headed to 1.8100 to 1.8000 before any solid buying ... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD CHF - Morning Session
USD CHF is trading near the February 13 Main Top at 1.1107.  Overnight the market took out last week's high at 1.1042.  This move came as a surprise as yesterday, traders fearing instability... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD CAD - Morning Session
Technically, the main trend is down, but the market is due for a retracement of the break from 1.0728 to 1.0419.  This short-term range sets up a retracement area at 1.0574 to 1.0610.  With ... Read More
On 26-08-2008
The Forex Pattern Price Time Report - AUD USD - Morning Session
Overnight the AUD USD is feeling down side pressure from lower commodity prices.  Techncially, this market is walking down a resistance angle at .8650.  Look for lower markets as long as ... Read More
On 26-08-2008
The Forex Pattern Price Time Report - NZD USD - Morning Session
Technically this market remains in a down trend.  A new main top was formed at .7217.  A trade through this price will turn the main trend to up.  Continue to press the short side as a ... Read More
On 26-08-2008
The Forex Pattern Price Time Report - All Forex Markets
The EUR USD felt down side pressure most of the day session as a weaker than expected Ifo Institute Report showed German business confidence declined this month to 94.8.  This wa... Read More
On 26-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
The EUR USD felt down side pressure most of the day session as a weaker than expected Ifo Institute Report showed German business confidence declined this month to 94.8.  This was the lowest leve... Read More
On 26-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
The EUR USD felt down side pressure most of the day session as a weaker than expected Ifo Institute Report showed German business confidence declined this month to 94.8.  This was the lowest leve... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD JPY - Evening Session
The USD JPY had an inside day on Tuesday but closed higher, reflecting the slight gain in U.S. stock markets.  Traders are not expected to rush back into the higher yielding U.S. stock markets un... Read More
On 26-08-2008
The Forex Pattern Price Time Report - GBP USD - Evening Session
The GBP USD fell to a new low for the year as British banks granted 65% less mortgages from a year ago.   Mortgage approvals at a ten-year low are reflecting the tightness in the U.K. credit... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD CHF - Evening Session
The USD CHF rallied sharply higher in the overnight trade. This move, however, could not attract any follow through buying during the New York session as the U.S. stock market traded in a narrow range... Read More
On 26-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
The EUR USD felt down side pressure most of the day session as a weaker than expected Ifo Institute Report showed German business confidence declined this month to 94.8.  This was the lowest leve... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD JPY - Evening Session
The USD JPY had an inside day on Tuesday but closed higher, reflecting the slight gain in U.S. stock markets.  Traders are not expected to rush back into the higher yielding U.S. stock markets un... Read More
On 26-08-2008
The Forex Pattern Price Time Report - GBP USD - Evening Session
The GBP USD fell to a new low for the year as British banks granted 65% less mortgages from a year ago.   Mortgage approvals at a ten-year low are reflecting the tightness in the U.K. cre... Read More
On 26-08-2008
The Forex Pattern Price Time Report - USD CAD - Evening Session
The USD CAD posted its biggest drop in weeks as higher crude oil encouraged traders to liquidate their long positions.  The break also turned the main trend down on the daily charts, and sets the... Read More
On 26-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
Overnight the AUD USD is feeling down side pressure from lower commodity prices.  Techncially, this market is walking down a resistance angle at .8650.  Look for lower markets as long as thi... Read More
On 26-08-2008
The Forex Pattern Price Time Report - NZD USD - Evening Session
Technically this market remains in a down trend.  A new main top was formed at .7217.  A trade through this price will turn the main trend to up.  Continue to press the short side as a ... Read More
On 25-08-2008
THE Forex Pattern Time Report - EUR USD - Morning Session
Overnight the market opened lower and stayed lower throughout the night.  The break exceeded the first retracement zone at 1.4770 to 1.4737.  This market has to regain this area to begin to ... Read More
On 25-08-2008
The Forex Pattern Price Time Report - USD JPY - Morning Session
For the USD JPY this week, the key weekly Gann angles are resistance at 110.29 and support at 107.23. There is a major support cluster at 107.27 to 107.21.  If any weakness develops, this is the ... Read More
On 25-08-2008
The Forex Pattern Price Time Report - GBP USD - Morning Session
The GBP USD weakened overnight as a major Weekly Up Trending Gann Angle at 1.8476 was taken out quite easily.  Today is a holiday in the U.K. so it looks as if there was no one there to bid. ... Read More
On 25-08-2008
The Forex Pattern Price Time Report - USD CHF - Morning Session
The strong close on the weekly chart has the market in a position to challenge the February 2008 top at 1.1107.  A break through this price sets up a further rally to a Weekly Down trending Ga... Read More
On 25-08-2008
The Forex Pattern Price Time Report - USD CAD - Morning Session
The Weekly chart is still showing pressure from the Closing Price Reversal Top from the week-ending August 15th at 1.0728.  Weekly support comes in at a pair of uptrending Gann Angles at 1.0378 a... Read More
On 25-08-2008
The Forex Pattern Price Time Report - NZD USD - Morning Session
The Weekly Closing Price Reversal at .6823 from the week-ending August 15th was confirmed last week.  This market, however, ran into a down trending Weekly Gann Angle at .7175.  ... Read More
On 25-08-2008
The Forex Pattern Price Time Report - AUD USD - Morning Session
The Weekly Chart indicates that this market has to regain .8761 to show strength, or the decline is likely to continue down to .8505.Overnight this pair found resistance just under the fir... Read More
On 25-08-2008
The Forex Pattern Price Time Report - Evening Session
The EUR USD made several attempts to rally during the New York session but could not overcome the overnight selling pressure which controlled the market throughout the day.  D... Read More
On 25-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
The AUD USD continued lower as resumption in the down trend in commodity prices is leading traders to believe the Reserve Bank of Australia will have to cut interest rates before the end of the year.&... Read More
On 25-08-2008
The Forex Pattern Price Time Report - NZD USD - Evening Session
The NZD USD remained under pressure on Monday as traders pressed this pair back toward the low of the year at .6823.  Despite the seven day rally, the trend remains down.  The action today i... Read More
On 25-08-2008
The Pattern Price Time Report - USD JPY - Evening Session
The USD JPY declined on Monday as aggressive traders who bought last week sought the safety of the Yen.  During times of economic upheaval and financial market instability, traders often curtail ... Read More
On 25-08-2008
The Forex Pattern Price Time Report - USD CHF - Evening Session
The USD CHF sold off after an overnight attempt to go after last week’s high.  A weaker stock market from the opening brought in heavy selling pressure as traders reduced long positions ini... Read More
On 25-08-2008
The Forex Pattern Price Time Report - USD CAD - Evening Session
The USD CAD rallied as gold and crude oil sold off.  These two commodities are key to the Canadian economy so a resumption of the down trend in gold and crude could lead to future weakness in the... Read More
On 25-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
The EUR USD made several attempts to rally during the New York session but could not overcome the overnight selling pressure which controlled the market throughout the day.  Despite news of anoth... Read More
On 25-08-2008
The Forex Pattern Price Time Report - GBP USD - Evening Session
The GBP USD fell to a new low for the year, but rallied slightly due to short-covering before the close.  Some traders believe a strong short-covering rally is overdue because of extremely overso... Read More
On 24-08-2008
The Forex Pattern Price Time Report - USD JPY - Evening Session
The USD JPY rallied on Friday, but still closed lower for the week.  Japanese investors are still nervous about the stability of the U.S. economy and financial system.  If the Lehman deal go... Read More
On 24-08-2008
The Forex Pattern Price Time Report - USD CHF - Evening Session
The USD CHF rallied sharply higher on Friday as traders renewed their confidence in the U.S. economy and financial system.  Traders were willing to invest in higher yielding assets as stability s... Read More
On 24-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
Despite the hard sell-off on Friday, the EUR USD finished higher for the week. This indicates that Euro traders are leaving open the possibility that the Lehman deal will fall through, otherwise this ... Read More
On 24-08-2008
The Forex Pattern Price Time Report - NZD USD - Evening Session
Profit-takers hit the NZD USD on Friday after a seven day rally.  Lower commodity prices gave weak longs an excuse to take profits.  Despite the sell-off on Friday, this pair still clo... Read More
On 24-08-2008
The Forex Pattern Price Time Report - USD CAD - Evening Session
The USD CAD rallied as gold and crude oil sold off after Thursday’s spectacular gains.  These two commodities are key to the Canadian economy so a resumption of the down trend could lead to... Read More
On 24-08-2008
The Forex Pattern Price Time Report - USD GBP - Evening Session
The GBP USD dropped sharply lower on Friday and finished the week by posting a new low for the year.  A report showing a contraction in the economy during the second quarter is an indication t... Read More
On 24-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
The AUD USD fell on the daily charts and closed lower on the weekly chart.  Lower commodity prices especially in gold and wheat helped drive down this pair. Weaker comm... Read More
On 23-08-2008
The Forex Pattern Price Time Report - All Forex Markets
News that a Korean Bank is “considering” an investment in Lehman Brothers helped rally the Dollar on Friday.  The strong up move erased about half of the Dollar’s loss against a... Read More
On 22-08-2008
The Forex Pattern Price Time Report - EUR USD - Morning Session
In overnight action, the EUR USD found resistance at the downtrending angle at 1.4918.  Look for downside pressure as long as the market stays under this angle.The first sign of weakn... Read More
On 22-08-2008
The Forex Pattern Price Time Report - GBP USD - Morning Session
In overnight action, the GBP USD took out all minor support areas and is now in a position to test last week's low at 1.8511.This market remains extremely weak due to bearish fundamenta... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD JPY - Morning Session
Overnight this market regained the old main bottom at 108.36 and picked up strenghth.  Trades cite the return to stability in the U.S. equity markets as one of the reasons for the rally.... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD CHF - Morning Session
Overnight, the USD CHF could not take out yesterday's low at 1.0842.  Traders are feeling confident that the U.S. markets are beginning to stabilize and are willing to invest in higher yielding a... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD CAD - Morning Session
After breaking through a support angle yesterday, the USD CAD accelerated to the downside, but could not attract new selling overnight.Yesterday's hard sell off was caused by the rally in ... Read More
On 22-08-2008
The Forex Pattern Price Time Report - AUD USD - Morning Session
Overnight the AUD USD is finding weakness, as the gold market did see any follow through buying.This pair has already retraced the first leg up at .8702 to .8668.  This is a normal br... Read More
On 22-08-2008
The Forex Pattern Price Time Report - NZD USD - Morning Session
Overnight this market put in a high at .7215 and sold off.The first leg up from the bottom is .6823 to .7215.  This makes .7019 to .6973 a major retracement zone.  Look for buyer... Read More
On 22-08-2008
The Forex Pattern Price Time Report - EUR USD - Evening Session
News that a Korean Bank is “considering” an investment in Lehman Brothers helped rally the Dollar on Friday.  The strong up move erased about half of the Dollar’s loss against a... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD CHF - Evening Session
News that a Korean Bank is “considering” an investment in Lehman Brothers helped rally the Dollar on Friday.  The strong up move erased about half of the Dollar’s loss against a... Read More
On 22-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
News that a Korean Bank is “considering” an investment in Lehman Brothers helped rally the Dollar on Friday.  The strong up move erased about half of the Dollar’s loss against a... Read More
On 22-08-2008
The Forex Pattern Price Time Report - AUD USD - Evening Session
The AUD USD fell on the daily charts and closed just about unchanged on the weekly chart.  Lower commodity prices especially in gold and wheat helped drive down this pair. Weaker commodity prices... Read More
On 22-08-2008
The Forex Pattern Price Time Report - NZD USD - Evening Session
Profit-takers hit the NZD USD on Friday after a seven day rally.  Lower commodity prices gave weak longs an excuse to take profits.  Despite the sell-off on Friday, this pair still ... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD CAD - Evening Session
The USD CAD rallied as gold and crude oil sold off after Thursday’s spectacular gains.  These two commodities are key to the Canadian economy so a resumption of the down trend could lead to... Read More
On 22-08-2008
The Forex Pattern Price Time Report - USD JPY - Evening Session
The USD JPY rallied on Friday, but still closed lower for the week.  Japanese investors are still nervous about the stability of the U.S. economy and financial system.  If the Lehman deal go... Read More
On 22-08-2008
The Forex Pattern Price Time Report - GBP USD - Evening Session
The GBP USD dropped sharply lower on Friday and finished the week by posting a new low for the year.  A report showing a contraction in the economy during the second quarter is an indication that... Read More
On 21-08-2008
The Forex Pattern Price Time Report - EUR USD - Morning Session
Overnight, the EUR USD traded higher making 1.4631 a new Main Trend Bottom.  The trend is still down, but the market is showing signs it wants to rally.  News that the credit crisis in the U... Read More
On 21-08-2008
The Forex Pattern Price Time Report - USD JPY - Morning Session
Overnight the USD JPY plunged sharply lower in one of the largest down moves in several months.  This action reflects the growing uncertainty in the U.S. stock markets and the worsening credit cr... Read More
On 21-08-2008
The Forex Pattern Price Time Report - USD GBP - Morning Session
Overnight the GBP USD strengthened on a report of better than expected UK Retail Sales in July.On Thursday, the GBP USD felt early weakness as the Bank of England released its official min... Read More
On 21-08-2008
The Forex Pattern Price Time Report - USD CHF - Morning Session
The inside move overnight indicates that volatility is building.  With credit problems growing in the U.S. do not be surprised by a big sell off in the USD CHF.Problems with the U.S. ... Read More
On 21-08-2008
The Forex Pattern Price Time Report - USD CAD - Morning Session
The USD CAD could break as higher crude oil and gold may begin to put downside pressure on this pair.  Weakness in the U.S. economy or any signs the financial crisis is widening could... Read More
On 21-08-2008
The Forex Pattern Price Time Report - AUD USD - Morning Session
The AUD USD is still holding above last week’s closing price reversal bottom at .8591.  Sharply higher Gold could trigger a massive short-covering rall