Quote of the day:“If you can’t do what you want, do what you can.” ~ Lois McMaster Bujold Good morning. It’s been a volatile day in the markets yesterday as the dollar continues to lose ground against its most counterparts. The setups discussed yesterday played out nicely – but let’s see what story are the charts Read More
- Continue reading: Risk-On Trade Continues, Breakouts All Over the Charts
Quote of the day: “When the water reaches the upper level, follow the rats.” ~ Claude Swanson Good morning. The euro still holds gains trading in a narrow range a few points below Monday’s top near $1.3700. Overall short-term sentiment is bullish as long as the pair holds above 1.3500. Recent intraday pullbacks towards 1.3575/00 have Read More
- Continue reading: Euro Holding Gains Below Interim Resistance
Below are some links to interesting articles I came across today: 6 B.S. Myths You Probably Believe About America’s ‘Enemies’ (Cracked) High-Frequency Stock Trading Catches Regulators’ Eyes (NY Times) LOL – This Stock Market Rally Is For Suckers (Economic Collapse Blog) German push for Greek default risks EMU-wide ‘snowball’ (Telegraph) 7 Major Advance Warnings (Money and Markets) Goldman: “We Doubt The Read More
Quote of the day:“The inability to predict outliers implies the inability to predict the course of history” ~ Nassim Nicholas Taleb Good morning. The euro enjoys a rebound as a result of world markets starting the week strong after France and Germany pledged to deliver a plan to support the banking sector. Trichet’s speech is Read More
Quote of the day: “There’s no sense in being precise when you don’t even know what you’re talking about.” ~ John von Neumann Good morning. The euro is climbing towards Friday’s top as the leaders of France and Germany said they have reached an agreement on strengthening Europe’s banking sector – and the European leaders Read More
- Continue reading: Euro Resumes Correction as Merkel, Sarkozy Reach Agreement
Quote of the day: “The real problem is not whether machines think but whether men do.” ~ B. F. Skinner Good morning. Dollar’s correction continues as the euro recovers from fresh multi-month lows, catching a bid against most counterparts. Here are some of today’s charts of interest: USD Index As seen in the chart below, bias Read More
Quote of the day:“I think if you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what’s next.” ~ Steve Jobs Good morning. The market is quiet before the ECB rate decision and the press conference later today Read More
- Continue reading: Dollar Retreating, Markets Waiting for ECB
Quote of the day: “There is no security on this earth, there is only opportunity.” ~ General Douglas MacArthur Good morning. Monday’s opening price which is providing resistance is currently being tested as the euro recovered some ground, but the daily charts remain bearish as long as there are several resistance layers above current trading zone. The Read More
Quote of the day:“The world tolerates conceit from those who are successful, but not from anybody else.” ~ John Blake Good morning. The ugly gets uglier for the euro as it just reached a 10-year low against the Japanese yen at 100.75 and extended its decline against the dollar to a fresh multi-month low at 1.3165 Read More
Quote of the day:“Always listen to experts. They’ll tell you what can’t be done and why. Then do it.” ~ Robert Heinlein Good morning. The euro opened lower this week as Greece acknowledged it would miss the deficit targets agreed as part of July’s bailout package. European finance ministers are meeting today to discuss bailout measures. Read More
- Continue reading: Euro Getting Closer to Next Level Down: 1.30
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