Today’s reading list: Jon Stewart Explains The Greek Crisis To The Great Unwashed (zero hedge) A Blinking Idiot & the Banking System (zero hedge) Dodd-Frank claims niche form of gold trading Market Extra (Market Watch) Proof that Bernanke Should Be Fired (Washington Blog) Has Greece asked Argentina? (Macro Business) OH NO: The US Debt Ceiling Read More
EURUSD Weakening Ahead of EU Ministers Meeting
Quote of the day: “To find a fault is easy; to do better may be difficult.” - Plutarch EURUSD – 1.4265 @07:12 GMT Good morning, everyone. The euro weakened after reaching a weekly high at 1.440, not far below last week’s top side which is an interim resistance, followed by a more important barrier into the Read More
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EURUSD Holding Gains Ahead of FOMC Meeting
Quote of the day: “Everything that irritates us about others can lead us to an understanding of ourselves.” – Carl Jung EURUSD – 1.4404 @07:05 GMT Good morning. Last week’s top side is in focus now that the EUR managed to recover most of its recent losses, so keep an eye on 1.4450/75 if it Read More
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EURUSD Recovery In Progress, But Will It Last?
Quote of the day: “Prosperity is only an instrument to be used, not a deity to be worshipped.” - Calvin Coolidge EURUSD – 1.4357 @06:54 GMT Good morning. The euro continues to recover after finding support at $1.4200 yesterday and the 4-hrs chart looks slightly bullish now that 1.4300/30 is breached. In spite of recent bullish Read More
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Monday Links 6/20/11
Today’s interesting reads: A Quick Lesson on How to Identify Price Structure in Trends (Afraid to Trade) Greece must exit the eurozone (The Guardian) Germany must exit the eurozone (Telegraph) Could the Eurozone Break Up? (Financial Sense) We must act while Greece is hot (David McWilliams) In 2011, Whither Skeptics Of Euro? (WSJ) China and Read More
NBT’s Professional Trading Workshop
Greetings. Most of you already know Steve from our recent Q&A. He is the owner of nobrainertrades.com, one of my favorite FX sites and a great educational resource for currency traders. I take this opportunity to let you know that this weekend he will provide 3 days of live training in Orlando, FL, also online Read More
Euro Resumes Decline on Delayed Emergency Loans to Greece
Quote of the day: “The policy of being too cautious is the greatest risk of all” - Jawaharlal Nehru EURUSD – 1.4209 @07:00 GMT Good morning. Friday’s recovery to $1.4335 was corrective and resistance formed by the 61.8% retrace value of last down leg from 1.4495 to 1.4075 is intact, therefore the downside remains favored as Read More
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EURUSD Still Under Pressure After Testing Resistance at 1.4220
Quote of the day: “If you don’t make mistakes, you’re not working on hard enough problems. And that’s a big mistake.” - Frank Wilczek EURUSD – 1.4140 @08:02 GMT Good morning. Euro remains under pressure even though it managed to recover some ground yesterday after slipping below $1.41, resistance zone around 1.4220 being strong so far. Read More
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Euro Falls Further on Greek Crisis, 1.400 in Focus
Quote of the day: “Disbelief in magic can force a poor soul into believing in government and business.” - Tom Robbins EURUSD: 1.4140 @06:52 GMT Good morning. The euro continues to fall across the board as the Greek crisis intensifies, reaching lows below $1.41, after losing 300 points yesterday. Now that most interim support levels have Read More
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Euro Resumes Slide Below $1.44
Quote of the day:“Concentration comes out of a combination of confidence and hunger.” - Arnold Palmer EURUSD – 1.4375 @07:02 GMT Good morning. The euro is under pressure after yesterday’s short-lived recovery near $1.45. A general strike is due in Greece, as the parliament meets to debate new austerity measures. Potential recoveries are likely to be Read More
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