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
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
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
“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
“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
“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
Euro is getting hammered, trading below $1.28 at the time of writing. Here’s a collection of interesting picks from across the web. Ambrose Evans-Pritchard: 2012 could be the year Germany lets the euro die (Telegraph) Euro drops to 16-month low over bank concerns (BBC News) Goldman’s Latest Boiler-Room Stock: America (Rolling Stone) Build a Database of Charts to Help Read More
“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
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.
