Good morning. Here are some good reads for this weekend Robert Skidelsky on John Maynard Keynes The Empire Pushes Back John Taylor’s Controversial Outlook On Inflation: “Not Here, Not Now” Why the Market is Wrong Tasty Cheese For Monday China’s US Assets Fall With the Dollar An update from the Chairman 10 Founders Who Came Read More
More Upside Pressure
Quote of the day: “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr EURUSD – 1.3503 @06:35 Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), 1st objective at 1.3580, 2nd objective at at 1.3650 Good morning. The euro holds fairly well and continues the consolidation into the 1.34-1.35 range. Read More
Former resistance at 1.3430 providing support
Quote of the day: “Even if you fall on your face, you’re still moving forward.” – Victor Kiam EURUSD – 1.3477 @06:40 GMT Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), objective at 1.3630 Good morning. The dollar recovered some losses after the euro touched a monthly high at 1.3537 yesterday – breaking Read More
- Continue reading: Former resistance at 1.3430 providing support
Wednesday links
Hello everyone. A little link love doesn’t hurt so here are some interesting reads for today. Nic Lenoir On Visualizing The Gobal Ponzi Scheme: How Does It End? Biggest bank robbery in history Goldman Sachs bankers to receive $15.3bn in pay and bonuses Why So Many Hedge Funds Sucked Wind And Underperformed In 2010 The 15 Read More
EURUSD breaking above 1.3450
Quote of the day: “Between two evils, I always pick the one I never tried before.” – Mae West EURUSD – 1.3480 @06:10 GMT Trading strategy: long on minor pullback to 1.3440, stop at 1.3380 (0.5% risk), objective at 1.3600 The euro is climbing higher, breaking above the 1.3450 resistance zone at time of writing Read More
Evening thoughts and short-term update
“I think that gravity sets into everything, including careers, but pendulums do swing and mountains do become valleys after a while… if you keep on walking.” – Sylvester Stallone Good evening. I hope everyone is fine today. It’s been an interesting day, so far, as the dollar continued to depreciate across the board and some Read More
EURUSD maintains a bid tone while above 1.3230/50
Quote of the day: “We have guided missiles and misguided men.” – Martin Luther King EURUSD – 1.3314 @06:27 GMT Trading strategy: looking to buy at 1.3335, stop at 1.3285 (0.5% risk), objective at 1.3435 Good morning. First line of support that I highlighted yesterday around 1.3230 remained intact after the euro pulled back from Read More
- Continue reading: EURUSD maintains a bid tone while above 1.3230/50
EURUSD pulling back
Quote of the day: “The hard reality of trading is that, if you want to create consistency, you have to start from the premise that no matter what the outcome, you are completely responsible.” – Mark Douglas EURUSD – 1.3323 @06:39 GMT Trading strategy: looking to buy on pullback to 1.3230, stop at 1.3170 (0.5% Read More
Weekend Reads
Hello. I hope you had a great weekend. Here are some links for today The Charts That Matter In FX Next Week Pimco CEO says “Europe is Kicking the Can, Bondholder Haircut Coming” A thought on AUD Wall Street Secret Society Kappa Beta Phi Inducts Members With Lehman Rite 10 Boredom-Busting USB Desk Toys 2010 Read More
Evening Reads
The market is quiet and about to close soon, so here are some articles you might enjoy before the weekend. Settling Prosecutions For Pennies on the Dollar Is a Type of Bailout Is China Really Funding the US Debt? 20 Shocking New Economic Records That Were Set In 2010 5 Points on How to Chose Read More
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