Truth is the only safe ground to stand on. ~ Elizabeth Cady Stanton Good morning. Euro remains under pressure as rallies continue to face offers, hence selling strength is the best strategy to use nowadays in EURUSD. Some of the key events this week are the ECB, RBA, BOE Interest Rate Decision and EU leaders summit Read More
- Continue reading: US Dollar Holds Above Support, Euro Continues to Slide
When a thought is too weak to be expressed simply, it should be rejected. ~ Marquis de Vauvenargues Good morning. Not much happened since price stalled after Wednesday’s risk rally and not much is likely to happen until later today, when the NFP data will be published. Consensus is +120k. USD Index Support at 78 is Read More
When we ask for advice, we are usually looking for an accomplice. ~ Marquis de la Grange Good morning. Short-term trends of several currency pars have been derailed yesterday – or rather delayed – by the coordinated central banks intervention. For those of you who’ve been busy doing something else and missed the news, now wondering Read More
- Continue reading: Euro / Risk Pairs Consolidating Gains After Major Central Banks Intervention
To avoid situations in which you might make mistakes may be the biggest mistake of all. ~ Peter McWilliams Good morning. The dollar continued to retreat against some of its counterparts as risk appetite returned. However, the move is rather normal after recent strong gains and so far it looks corrective. USD Index As seen below, Read More
- Continue reading: Dollar Testing Key Resistance, Euro Resumes Decline
“Never stand begging for that which you have the power to earn.” ~ Miguel de Cervantes Good morning. The dollar is pulling back as risk trade returns – both AUDUSD and AUDJPY recovering some of last week’s losses. The euro is following but the gains remain modest so far. Here’s a bunch of charts to start Read More
- Continue reading: Euro, Aussie Dollar Start the Week Higher
The quantity of civilization is measured by the quality of imagination. ~ Victor Hugo Good morning. Next trading sessions are likely to be quiet due to Thanksgiving holiday – or, who knows? perhaps the euro finally has a chance to recover some ground on today’s data coming from Germany: GDP and Ifo Index EURUSD First intraday Read More
Mix a little foolishness with your prudence: It’s good to be silly at the right moment. ~ Horace Good morning. The euro continues to lose ground as all recent rallies have been sold. However, support around 1.3430 is still valid but the pair certainly feels quite heavy, so it seems that it’s only a matter of Read More
Quote of the day:“Be wiser than other people, if you can, but do not tell them so.” ~ Lord Chesterfield Good morning. Dollar holds onto gains as euro’s rally on Friday was short lived and sellers rushed in when price reached $1.3600/15, not far below $1.3650 – the barrier highlighted in my previous post. Dollar Index Read More
- Continue reading: Euro Starts the Week Lower; Dollar Extends Friday Recovery
Quote of the day:“Strange as it seems, no amount of learning can cure stupidity, and higher education positively fortifies it.” ~ Stephen Vizinczey Good morning. Risk sensitive currencies such as AUD fell yesterday, following the US equities. The euro held quite well and is still trading above 1.3400 where it found interim support. EURUSD Not much Read More
- Continue reading: AUD Leading the Way Down in Risk-off Trade
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