Sometimes the questions are complicated and the answers are simple. ~ Dr. Seuss Good morning. The euro is consolidating gains near $1.3500 ahead of ECB cash injection of 500 billion euros according to expectations. Other important events on today’s economic calendar are the US GDP data and Bernanke’s testimony. Let’s see what are some of the Read More
Monday Charts
We forfeit three-fourths of ourselves in order to be like other people. ~ Arthur Schopenhauer Good morning. Dollar drops further while EUR holds onto gains against important counterparts. Last week has been quite interesting and there have been some large moves, so it’s worth keeping an eye on some of them because things may get even Read More
Dollar Continues Decline; Charts to End the Week
If you make people think they’re thinking, they’ll love you; But if you really make them think, they’ll hate you. ~ Don Marquis Good morning. Dollar resumed decline as EURUSD rallied above $1.3300 resistance level. USD Index Support around 78 is back in focus after dollar resumed decline yesterday EURUSD yesterday’s breakout suggests more upside and Read More
- Continue reading: Dollar Continues Decline; Charts to End the Week
EUR Recovery Continues
Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first. ~ Ronald Reagan Good morning. Dollar continues to trade in a narrow range as EURUSD is still consolidating below $1.3300 which is the first resistance level to keep an eye on. German Read More
Midweek Risk-On Charts to Watch
The best ideas come as jokes. Make your thinking as funny as possible. ~ David M. Ogilvy Good morning. Euro is little changed against the US dollar since yesterday, but upside remains favored while consolidation continues above $1.3200 which is the first intraday support zone. USD Index As seen below, not much happened since Monday’s opening, Read More
Greece Bailout Deal Sends EUR Higher Across the Board
It takes too much energy to be against something unless it’s really important. ~ Madeleine L’Engle Good morning. The euro is strengthening across the board on Greece bailout news. USD Index Dollar’s decline continues after forming a reversal candle around 80. I guess it’s time to look at the range’s bottom where support is formed between Read More
- Continue reading: Greece Bailout Deal Sends EUR Higher Across the Board
Sunday humor: How it is to be a trader
I hope you are enjoying your Sunday. I guess most of you are familiar with the “what I really do” memes going viral lately. If you find them funny, perhaps this one (which I just made) will make you smile.
Quick Risk-On Friday Charts
The forceps of our minds are clumsy forceps, and crush the truth a little in taking hold of it. ~ H. G. Wells Good morning. Last two days have been a mix of good and bad for the risk-sensitive currency pairs as the Japanese yen recovered across the board on Wednesday, but switched direction yesterday, on Read More
Some Midweek Charts to Watch
Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. Read More
Dollar Down in Risk-On Trade Following Greece Austerity Vote
“Buy when there’s blood in the streets, even if the blood is your own.” ~ Baron Rothschild Good morning. Euro recovered today as Greece passed austerity vote, at the cost of extreme violence and riots in Athens. Hence the dollar is trading lower, around Friday’s opening price. USD Index Dollar opened lower today, erasing Friday’s Read More
- Continue reading: Dollar Down in Risk-On Trade Following Greece Austerity Vote
Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows
While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $1.3300 as Asian stocks declined today. US Trade balance and Bernanke’s speech are today’s most important events in the economic calendar USD Index it’s Read More
- Continue reading: Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows
Dollar Continues Decline, EUR Up Ahead of ECB
We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today’s economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts Read More
- Continue reading: Dollar Continues Decline, EUR Up Ahead of ECB
Aussie Dollar Saves the Day
Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied Read More
Dollar Recovers, Greece Back in Focus
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Read More
NFP Report Keeps Market Quiet
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s Read More
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