
P1:a/b P2:c/d QC:e/f T1:g
c04 JWBK195-Saettele May 25, 2008 10:13 Printer: Yet to come
58 SENTIMENT IN THE FOREX MARKET
FIGURE 4.4 GBPUSD Weekly Bars with Articles Denoted By Numbers
Source: Chart created on TradeStation
R
, the flagship product of TradeStation Tech-
nologies, Inc.
that this headline was out. The USDCAD rallied t o 1.4185 one month
later.
14. Headline: U.S. Dollar’s Slide Could Push Europe Closer to a Recession,
Wall Street Journal, May 20, 2003
Commentary: A bearish USD headline with some hysterics. The
EURUSD closed at 1.1734 the day that this headline was published but
the pair was below 1.0900 by September.
15. Headline: Dollar Surges Against Rivals As Traders’ Optimism Returns,
Wall Street Journal, April 3, 2003
Commentary: This U.S. dollar surge article came just after the
EURUSD had put in a low at 1.0530 on March 21st. The pair closed
at 1.0764 on April 3rd and was above 1.1800 by the end of May.
16. Headline: Dollar Surges Against Yen, Euro With a Lift From U.S. Equi-
ties, Wall Street Journal, August 7, 2002
Commentary: This was a great signal. The EURUSD had de-
clined from 1.0127 on July 19th to .9621 on August 6th. The EURUSD