Quote of the day: “Insanity in individuals is something rare – but in groups, parties, nations and epochs, it is the rule.” - Friedrich Nietzsche EURUSD – 1.3960 @08:00 Good morning. The euro is holding gains made yesterday on Trichet’s comments and currently hovers around 1.3960 – not far below the psychological barrier at 1.40. Charts Read More
Quick Short-Term Update 03/03/11
Hi. Just a quick update to yesterday’s thoughts & charts EURUSD The euro rallied well over 1.3850 today as Jean-Claude Trichet said that policy makers may soon hike interest rates to fight inflation. We are currently trading 40 points away from $1.40 and there’s no sign of exhaustion. However, I doubt we’ll see a break above Read More
Thursday Links 03/03/11
Hello. Here are some interesting readings for today. If you have any, please share. Wars, Rumors Of Wars, Skyrocketing Oil Prices And Global Economic Chaos – Why Is All Of This Happening? Why Warren Buffet Hates Gold China “Attacks The Dollar” – Moves To Further Cement Renminbi Reserve Currency Status Watch The Highlight Of Today’s Congressional Hearing: Read More
EURUSD Breakout Underway Ahead of ECB Rate Decision
Quote of the day:“When you have faults, do not fear to abandon them.” – Confucius EURUSD – 1.3868 @07:35 GMT Good morning. The euro is orbiting around 1.3850 since yesterday afternoon, after recovering from intra-day lows at 1.3750. Upside is under pressure ahead of today’s ECB Interest Rate Decision and the press conference later today. Read More
- Continue reading: EURUSD Breakout Underway Ahead of ECB Rate Decision
Midweek Thoughts, Charts and Links
“Regulation of derivative transactions that are privately negotiated by professionals is unnecessary.” – Congressional Testimony of Alan Greenspan, July 1998 Hello folks. I’ve been quite busy lately but nonetheless, my phone is my companion and I had the charts & quotes with me all the time. I finally managed to buy a decent HD media player Read More
EURUSD Pulling Back From Resistance at 1.3850
Quote of the day:“Democracy don’t rule the world, You’d better get that in your head; This world is ruled by violence, But I guess that’s better left unsaid.” – Bob Dylan EURUSD – 1.3757 @07:30 GMT Hello. The euro pulled back from 1.3850 resistance level yesterday amid renewed Middle East concerns. Gold is trading at Read More
- Continue reading: EURUSD Pulling Back From Resistance at 1.3850
EURUSD Bullish Ahead of Bernanke’s Testimony
Quote of the day: “What people say you cannot do, you try and find that you can.” - Henry David Thoreau EURUSD – 1.3814 @06:23 GMT Hello. The euro recovered yesterday and is back around 1.3800 at time of writing. Resistance starts at 1.3850/60 – level that is still intact after several tests in February. Upside Read More
- Continue reading: EURUSD Bullish Ahead of Bernanke’s Testimony
Monday Links 02/28/11
Hello. Sorry I didn’t post anything today. I had a very busy day. Anyway, here are some reads and pictures I recommend. The Market is Telling Us That the Dollar is Finished The REAL Oscar Winners Mad Hedge Fund Trader’s Take on the Euro Will banksters get away with it? A Vale of Dollars Here Read More
FX Charts to Watch This Week
“The riskiest thing you can do is get greedy.” – Lance Armstrong Hello. This week will be quite busy, some of the key events in the Forex Calendar being the RBA Interest Rate Decision on Tuesday, Bernanke’s Testimony, Trichet’s speech, the ECB Interest Rate Decision, the US ADP Nonfarm Employment Change, the Initial Jobless Claims and, Read More
Weekend Links 2/26/11
Hello. Here’s a round up of some weekend reads. A eurozone timeline by Fitch Daily Show: American Workforce Makeover Small Nuclear War Could Reverse Global Warming for Years Geithner’s Gamble 189 German Academics Support EU Sovereign Default Plan Based on the German inflation print, the ECB may be less ‘hawkish’ next week than people think
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