Whatever begins, also ends. ~ Seneca Good morning. Euro opened lower today as fear of Greece leaving euro-zone grows. Dollar trades higher against most counterparts and the dollar index is testing March’s top, as seen below USD Index S&P500 There’s no sign of relief yet and I, for one, remain bearish until price returs above Read More
Sunday Satire: The Financial World Through the Eyes of an Artist
Here’s more of williambanzai7′s work. In case you missed the 1st compilation, check it here: Tuesday’s Satire: The Financial World Through the Eyes of an Artist You can find a lot more of William’s work on his site or his Flickr page, and also follow him on Twitter or Facebook. Enjoy Too big to fail The Ponzi’s about Read More
- Continue reading: Sunday Satire: The Financial World Through the Eyes of an Artist
Charts to End the Week 5/11/12
Mistakes are a fact of life. It is the response to error that counts. ~ Nikki Giovanni Good morning. Euro and other risk-sensitive pairs are under pressure, extending decline while the dollar is trading comfortably above 80 Dollar Index Horizontal resistance around 80 has been breached and uptrend doesn’t seem to run out of steam yet. Read More
EUR Under Pressure, Below Former Support
Those who will play with cats must expect to be scratched. ~ Cervantes Good morning. Dollar holds onto gains as EUR breached below $1.300 and is currently struggling to recover, but it’s likely that rallies will be short-lived. US trade balance and Bernanke’s speech are today’s most important events. USD Index Resistance around 80 is under Read More
- Continue reading: EUR Under Pressure, Below Former Support
EUR: 1.30 Support Under Pressure in Risk-Off Trade Following Election Results
Many of life’s failures are people who did not realize how close they were to success when they gave up. ~ Thomas Edison Good morning. All eyes are again on Greece, where political leaders are meeting again to form a new government. Current sell-off is also caused by the French election. With the euro down around $1.300 Read More
- Continue reading: EUR: 1.30 Support Under Pressure in Risk-Off Trade Following Election Results
EUR Under Pressure Ahead of ECB Meeting
Trust your own instinct. Your mistakes might as well be your own, instead of someone else’s. ~ Billy Wilder Good morning. Euro is testing the downside ahead of ECB interest rate decision on best that ECB will hint of further stimulus measures. USD Index Dollar bounced off horizontal support and is retesting former support. Next barrier Read More
Charts to Start the Week 4/30/12
Greed is a fat demon with a small mouth and whatever you feed it is never enough. ~ Janwillem van de Wetering Good morning. Euro holds onto gains above $1.32 after it recovered on Friday from $1.3150 lows. All eyes are on Spain today, as the Spanish government holds a media briefing to explain austerity steps. Read More
Midweek Charts to Watch 4/25/12
You may be deceived if you trust too much, but you will live in torment if you don’t trust enough. ~ Frank Crane Good morning. Euro is back to the upside, retesting $1.3200 and it seems that a breakout is in the cards. USD Index Support formed by the rising trendline connecting recent higher lows is Read More
Charts to Start the Week 4/23/12
Dictionary is the only place that success comes before work. ~ Vince Lombardi Good morning. Euro is pulling back after testing $1.3200 on Friday, and it looks bullish while interim support around $1.3150 holds. Risk currencies are under pressure as stock indices such as S&P500 failed to breach recent top side. Here’s a couple of charts Read More
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