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
Euro Getting Closer to Next Level Down: 1.30
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
Weekend Links 10/2/11
Hello. Here are some interesting articles you may be interested in: Here Is What Is Wrong With The Economy (And How To Fix It) (Business Insider) The forever recession (and the coming revolution) (Seth’s Blog) The bots of FX (MacroBusiness) Greece Should Default and Abandon the Euro (EconoMonitor) German bailout vote is ‘too little, too late’ (Telegraph) Europe moves toward bailout fund — Read More
The Sell-Off Continues
Quote of the day: “There art two cardinal sins from which all others spring: Impatience and Laziness.” ~ Franz Kafka Good morning. The dollar holds gains as the euro is retreating after yesterday’s short-lived attempt to reach the $1.37 zone. The resistance around 1.3700 highlighted in my yesterday’s post is intact and as long as the euro Read More
Euro Recovering Ahead of German Vote; Markets Under Pressure After Another Sell-Off
Quote of the day: “Nothing great was ever created by waiting around for someone to tell you it’s all going to be okay or for perfect information to drop from the sky” ~ Jonathan Fields Good morning. The markets pulled back yesterday in risk-off trade but the euro is currently recovering ahead of German lawmakers vote on Read More
Dollar’s Correction Continues, Reversal Patterns Still Valid
Quote of the day: “Never trouble another for what you can do for yourself.” ~ Thomas Jefferson Good morning. The dollar pulled back yesterday, forming several reversal signals across the board as everything is correlated these days. Yesterday’s setups are still in play although most of them don’t look as good as I wanted yet, but it’s Read More
- Continue reading: Dollar’s Correction Continues, Reversal Patterns Still Valid
Dollar Pulling Back: Several Reversal Patterns Are Seen
Quote of the day: “Whenever people agree with me I always feel I must be wrong.” ~ Oscar Wilde Good morning. Several reversal signals can be found across the charts today as the dollar is pulling back against most counterparts. Let’s see which are the best charts to watch right now. Similar setups to these below Read More
- Continue reading: Dollar Pulling Back: Several Reversal Patterns Are Seen
Euro Remains Heavy on More Greek Default Fears
Quote of the day: “Free advice is worth the price.” ~ Robert Half Good morning. Things are getting uglier for the euro on more sovereign default worries. European and IMF experts return to Athens this week for a fiscal audit in order to decide whether Greece can dodge default. German Ifo Business Climate is the main Read More
- Continue reading: Euro Remains Heavy on More Greek Default Fears
EURUSD Imploding After Filling the Gap
Quote of the day:“The difference between the right word and the almost right word is the difference between lightning and a lightning bug.” ~ Mark Twain Good morning. Dollar strengthened across the board as a reaction to Fed being pessimistic about the U.S. economy. The Fed aims to lower long-term lending rates by swapping $400 billion in short-term bonds for long-term Read More
Markets Waiting for FOMC, Bernanke
Quote of the day: “If you know how to spend less than you get, you have the philosopher’s stone.” ~ Benjamin Franklin Good morning. Big day ahead for financial markets as all eyes are on Fed chairman Ben Bernanke – everyone wondering whether more quantitative easing will be announced or what rabbit can Bernanke pull out Read More
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