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
Dollar Loses Ground Ahead of Tomorrow’s NFP
The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things Read More
- Continue reading: Dollar Loses Ground Ahead of Tomorrow’s NFP
Euro Pulls Back Before EU Leaders Meet in Brussels
The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 Read More
- Continue reading: Euro Pulls Back Before EU Leaders Meet in Brussels
Dollar Down After Fed; Euro, Risk Pairs, Metals Rally
Believe those who are seeking the truth. Doubt those who find it. ~ Andre Gide Good morning. Dollar’s decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. Important events in today’s FX Calendar are: Read More
- Continue reading: Dollar Down After Fed; Euro, Risk Pairs, Metals Rally
Euro Testing Resistance, Dollar Down Ahead of FOMC
The safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around Read More
- Continue reading: Euro Testing Resistance, Dollar Down Ahead of FOMC
Dollar at Support Zone, Euro Continues Recovery
We don’t see things as they are, we see things as we are. ~ Anais Nin Good morning. Dollar’s decline continues as euro just popped through $1.300 yesterday, recovering from early bids around $1.2900. USD Index As seen in the daily chart below, key support level formed by the horizontal line which was a temporary top Read More
- Continue reading: Dollar at Support Zone, Euro Continues Recovery
Euro Starts the Week Lower, Testing Support Zone
It’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: USD Index EURUSD 4hrs chart still looks bullish as current decline could be Read More
- Continue reading: Euro Starts the Week Lower, Testing Support Zone
Euro Gains on Short-Covering and Risk-On Trade, Dollar Continues Slide
The man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today’s interesting charts USD Index Support around 79.50 is in focus as dollar’s decline continues. That is probably a Read More
- Continue reading: Euro Gains on Short-Covering and Risk-On Trade, Dollar Continues Slide
Dollar Continues Correction, EUR Higher
The greatest pleasure in life is doing what people say you cannot do. ~ Walter Bagehot Good morning. Dollar keeps losing altitude as the correction continues, while risk-sensitive pairs follow stocks higher. Important releases today are the CPI and Initial Jobless Claims (See FX Calendar) USD Index Now that 81 has been breached, next downside barrier Read More
Dollar Retreating, Euro Testing Resistance Zone
Never believe anything until it has been officially denied. ~ Claud Cockburn Good morning. Dollar pulls back from recent top as EUR recovers towards $1.28, but uptrend remains intact and strong, so it’s most likely only a corrective cycle until the next round of bad news coming from Europe hits. Here’s a daily dose of charts Read More
- Continue reading: Dollar Retreating, Euro Testing Resistance Zone
EUR Recovers, Resistance Under Pressure
“Good judgment comes from experience, and often experience comes from bad judgment.” ~ Rita Mae Brown Good morning. I’ve been away with limited access to the internet for the past three days, but looking at current charts, I don’t seem to have missed much. However, things are likely to become interesting USD Index Dollar is pulling Read More
Dollar Pulls Back, Strong Uptrend Remains Intact
“Doubt is not a pleasant condition, but certainty is absurd.” ~ Voltaire Good morning. A fresh multi-month low has been reached by EUR against USD at $1.2665 before pulling back to $.12720 at time of writing. Angela Merkel and Nicolas Sarkozy meet today in Berlin to finalise a deal to increase fiscal coordination and discuss ways to boost growth in Read More
- Continue reading: Dollar Pulls Back, Strong Uptrend Remains Intact
NFP Day is Here
“There is no safety in numbers, or in anything else.” ~ James Thurber Good morning. The NFP day is here – consensus being a figure around 150k while the unemployment rate is expected to print 8.7% (see FX Calendar). The dollar just keeps climbing higher amid euro’s sell-off, as fresh multi-month lows are reached almost on a Read More
Dollar Still in Range, Euro Under Pressure Before French Bond Sales
“Make up your mind to act decidedly and take the consequences. No good is ever done in this world by hesitation.” ~ Thomas H. Huxley Good morning. Stocks are retreating from Tuesday tops, oil rallies on US – Iran worries and euro remains under pressure ahead of French bond sale today - reaching record lows against AUD Read More
- Continue reading: Dollar Still in Range, Euro Under Pressure Before French Bond Sales
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