Some people will never learn anything because they understand everything too soon. ~ Alexander Pope Good morning. It’s been a bad year for the euro and it ain’t over yet, as there are only two more days until 2012 and the euro has breached below $1.30 and reached 100.30 against the Japanese yen – the lowest Read More
- Continue reading: Dollar Continues Uptrend; EURJPY Testing 100
Winter holidays are just around the corner, creating the need to escape the daily routine, have some fun and spend more time with families and friends. Therefore, I’d like to take this opportunity to wish you all Happy Holidays! I’ll be back next week. Cheers!
The greatest challenge to any thinker is stating the problem in a way that will allow a solution. ~ Bertrand Russell Good morning. Dollar pulled back yesterday as risk pairs rallied following stocks, hence my plans to look for selling opportunities on more AUD weakness are on-hold. Holidays are approaching, so it’s probably best to take Read More
- Continue reading: Risk On Trade Sends Dollar Below Support, Aussie gets a Lift
In these matters the only certainty is that nothing is certain. ~ Pliny the Elder Good morning. Not much happened since yesterday, hence the trading ranges remain narrow. The dollar index holds onto gains above support formed by recent top, while the euro continues to hover around $1.300 in sideways trade. USD Index No change of Read More
Patience has its limits. Take it too far, and it’s cowardice. ~ George Jackson Good morning. Death of Kim Jong Il is the hottest topic today and it is influencing the currency market, as the dollar strengthened across the board in the Asian trading session. The euro continues to orbit around 1.300 against the dollar ahead of Read More
- Continue reading: Euro Remains Under Pressure, More Downside Likely
Here’s something to think about: How come you never see a headline like ‘Psychic Wins Lottery’? ~ Jay Leno Good morning. Euro recovered some ground after sliding to as low as $1.2945 two days ago, but the move is likely corrective and there’s more room for it to move higher. USD Index As seen below Read More
It’s not the voting that’s democracy, it’s the counting. ~ Tom Stoppard Good morning. Euro’s sell-off continues in risk-off trade after yesterday’s Fed statement and remains under pressure ahead of bond auctions in Europe. USD Index Horizontal resistance has been breached, so it’s time to see whether the dollar will hold above the said barrier which Read More
- Continue reading: Dollar Breaks Higher, Euro Testing 1.300
Envy can be a positive motivator. Let it inspire you to work harder for what you want. ~ Robert Bringle Good morning. Sentiment remains unchanged across the board, euro and other risk pairs extending Friday’s sell-off. please elaborate your answer in the comments section below USD Index Recent top comes under pressure as the dollar extends Read More
- Continue reading: Dollar Retesting the Top Side While Euro Keeps Falling
Politics is the art of preventing people from taking part in affairs which properly concern them. ~ Paul Valery Good morning. The euro comes under a new round of selling pressure today as Friday’s rally was short-lived, therefore selling into strength is still the best bet. Some of the notable economic events this week are: Fed Interest Read More
- Continue reading: Euro Resumes Sell-Off, Other Risk Pairs Follow
The best way to convince a fool that he is wrong is to let him have his own way. ~ Josh Billings Good morning. Last two days of the week are here and they are both important for the euro, as ECB is expected to cut rates again, for the second time in two months. A Read More
- Continue reading: Euro Up Before EU Summit, ECB Rate Decision
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