Quote of the day: “Depend not on fortune, but on conduct.” ~ Publilius Syrus Good morning. Contrary to my expectations – the dollar lost ground on Friday on hopes that the new leadership in Greece and Italy will help their countries and the Euro-zone, respectively, to avoid a financial disaster. EURUSD As we can see in Read More
Euro in Correction Mode, Remains Bearish
Quote of the day: “It is hard to fight an enemy who has outposts in your head.” ~ Sally Kempton Good morning. The dollar pulled back across the board but remains bullish against some of its major counterparts such as EUR, GBP, AUD etc. Today’s Calendar is lighter if we don’t count the imminent end of the Read More
- Continue reading: Euro in Correction Mode, Remains Bearish
Bear Flag Broken – Euro Resumes Downtrend; All Eyes on Italy
Quote of the day:“The ability to delude yourself may be an important survival tool.” ~ Jane Wagner Good morning. The euro has finally exited the consolidation range within the bear flag formation – as noted in my previous article. Current weakness is caused by the fear spreading to Italy in the widening debt crisis, as the Read More
- Continue reading: Bear Flag Broken – Euro Resumes Downtrend; All Eyes on Italy
Euro Rangebound, Support Still Intact
Quote of the day:“Knowledge is the only instrument of production that is not subject to diminishing returns.” ~ John Maurice Clarke Good morning. Sentiment across the board is little changed since yesterday – EURUSD still trading in a narrow range between $1.37 and $1.38. CHF pairs are still in focus as the Swiss franc has lost Read More
Euro Retesting Support; Bear Flag Formation Suggesting More Downside
Quote of the day:“Achievable goals are the first step to self improvement.” ~ J. K. Rowling Good morning. The euro is still trading in range against the dollar after the G20, NFP release and more news coming from Greece. Greek Prime Minister George Papandreou agreed to resign after the formation of a new government coalition. Here’s a Read More
- Continue reading: Euro Retesting Support; Bear Flag Formation Suggesting More Downside
Markets Awaiting Non-Farm Payrolls
Quote of the day:“A sailor without a destination cannot hope for a favorable wind.” ~ Leon Tec Good morning. The market remains rather choppy as rumours and surprises have been the main drivers this week, so it’s not easy to find charts that don’t look the same these days. The euro trades higher across the board Read More
Euro Down Ahead of ECB Meeting
Quote of the day: “The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.” ~ Lawrence Summers Good morning. The euro is back below $1.3700 Read More
Wednesday Links 11/02/11
Here’s a couple of links you might enjoy Goldman, Which Has Been Snubbed For The Second Time In A Row By FOMC, Shares Its Take On The Fed Statement (ZeroHedge) FOMC Disappoints, Evans Dissents Wants More Easing: Full September-November Comparison Redline (ZeroHedge) Europe’s Plan To End the Debt Crisis (The Big Picture) Greece Sticks With Referendum (WSJ) Israel Reportedly Read More
Markets Under Pressure; Eyes on FOMC, Bernanke
Quote of the day: “I believe that banking institutions are more dangerous to our liberties than standing armies.” ~ Thomas Jefferson Good morning. The euro continued to decline, reaching a session low at $1.3608 before rallying on rumors that Greek referendum will be canceled. Fed’s Bernanke speech and the FOMC rate decision are today’s key events of Read More
- Continue reading: Markets Under Pressure; Eyes on FOMC, Bernanke
Risk-Off Trade Returns
Quote of the day: “Everyone is born with genius, but most people only keep it a few minutes.” ~ Edgard Varese Good morning. Dollar is advancing higher while the euro, Aussie dollar and others are pulling back in risk-off trade as Italian bonds came under renewed pressure yesterday. The euro is already trading well below last Read More
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