Quote of the day: “A lie told often enough becomes the truth.” ~ Lenin Good morning. The Swiss franc made some huge moves yesterday against its counterparts as the SNB capped franc’s rate to 1.20 against the euro, just like they’ve been threatening for a while. EURUSD Resistance at 1.43 capped the upside yesterday, as Read More
- Continue reading: EURUSD’s Rally Short-Lived, Downside in Focus
Quote of the day:“Train yourself to let go of the things you fear to lose.” ~ George Lucas Good morning. Yesterday I wrote an article on Breakout trading, so in case you missed it – you may want to check it out. There are some more things I’d like to add so I’ll continue the Read More
- Continue reading: Euro Pulling Back. Potential Reversal Sign?
Quote of the day: “We are never deceived; we deceive ourselves” ~ Johann Wolfgang von Goethe Good morning. The big day is here as all eyes are on Bernanke at the Jackson Hole later today. Everyone is wondering whether he will hint of a third round of quantitative easing or similar measures. Except a few currency Read More
- Continue reading: Markets Waiting for Jackson Hole Comments
Quote of the day:“The trouble with our times is that the future is not what it used to be” ~ Paul Valery Good morning. Most currency pairs, such as EURUSD, are still ranging, while most eyes are on precious metals which are retreating from recent top zones. Cable is moving nicely after providing us several clues that Read More
- Continue reading: Cable Breaking Lower; Metals Retreating; Euro Testing Resistance
Quote of the day:“Mistakes are the portals of discovery.” ~ James Joyce Good morning. Most charts are little change from yesterday, with EURUSD staying in the range of 1.4350-1.4430. Selling on rallies towards 1.4450 has been one of the best things to do lately and right now there’s no clue that we’re going to see Read More
- Continue reading: Gold at New Record While Most Currencies Are Looking for Directions
Even though I’m quite busy these days, I still find time to read interesting stuff or watch great pictures: Guest Macro Commentary: Is Germany Playing Chicken With Ben Bernanke? (ZeroHedge) Central Bank Policy, Euro Bonds, and QE3 (Financial Sense) “Lehman-Like” Credit Crunch Hits EU; ECB Will Not Disclose Affected Banks; Euro-Style Anxiety Spreads to U.S. (Mish’s GETA) Technicals point Read More
Quote of the day: “How much easier it is to be critical than to be correct.” ~ Benjamin Disraeli Good morning. Dollar, yen recovered and gold keeps setting more record highs as the world’s stock markets tumbled yesterday on growing economic concerns and more bad news from the eurozone. Let’s take a look at some charts Read More
- Continue reading: Dollar Recovers, Risk Pairs Drop as Stocks are in Free Fall Again
Quote of the day: “Doing a thing well is often a waste of time.” ~ Robert Byrne Good morning. It’s been a good Monday for the euro and risk sensitive instruments as the recovery continued – EURUSD reaching a daily high near $1.4500 before pulling back, AUDUSD breaking resistance – former support – at 1.0450 and Read More
- Continue reading: EURUSD Still in Range, AUD and CHF Pairs Are More Interesting
Quote of the day:“Do not wait for extraordinary circumstances to do good; try to use ordinary situations.” ~ Jean Paul Richter Good morning. Equity markets continued the recovery on Friday, therefore AUD crosses are trading higher – AUDUSD testing resistance into former support zone. The Swiss franc continues to retreat against most counterparts not showing notable Read More
- Continue reading: Couple of Charts to Start the Week 8/15/11
Quote of the day: “Real stupidity beats artificial intelligence every time.” ~ Terry Pratchett Good morning. Global markets recovered yesterday and the risk sensitive currencies followed, but the best performers were the CHF crosses, such as EURCHF which rallied over 6 big figures after SNB’s Jordan said that they are considering a temporary peg of Read More
- Continue reading: Swiss Franc Retreats; Euro Under Pressure
Quote of the day: “Society, my dear, is like salt water, good to swim in but hard to swallow.” ~ Arthur Stringer Good morning. Some huge moves have taken place yesterday especially in CHF pairs – EURCHF collapsing to as low as 1.0065 – a few pips away from parity, from earlier top at 1.0800. Read More
- Continue reading: Markets Recovering, Swiss Franc Out of Control
Quote of the day:“Nothing is more admirable than the fortitude with which millionaires tolerate the disadvantages of their wealth.” - Rex Stout Good morning. Unless you’ve been on a holiday until.. now!? and you didn’t have TV, Internet, newspapers or people talking around – you can’t really have escaped the fact that the global markets are Read More
Some Saturday reads from across the web: Europe moves to end passport-free travel in migrant row (The Guardian) Debt Crisis Could Still Spread To ‘Core Euro Area,’ IMF Says (Huffington Post) Australian dollar on the skids (Macro Business) Inflation rises at fastest rate since October 2008 (CNN) 50 Things Every American Should Know About The Collapse Read More
Greetings. Here’s a quick update on yesterday’s charts and some new charts worth a look: GBPUSD: the declined has continued continued for 100 points today, as yesterday’s close confirmed a pinbar. However, support at 62% fib retrace value of the move from 1.5930 to 1.6740 is intact, as dollar lost ground across the board. I Read More
Quote of the day:“Simplicity is the peak of civilization.” - Jessie Sampter EURUSD – 1.4394 @07:16 GMT Good morning. The euro recovered some ground following AUD and metals, but remains under pressure – current recovery being modest so far and there’s enough room to the upside until notable resistance may be tested, at 1.4550 and 1.4650. Read More
- Continue reading: EURUSD Recovering Some Ground, Following AUD and Metals
Quote of the day:“Words without actions are the assassins of idealism.” - Herbert Hoover EURUSD – 1.4385 @06:55 GMT Good morning all. EURUSD pulled back from its multi-month high at $1.4485 following EURJPY and EURCHF as both pairs have lost ground after Japan raised the severity rating of the accident at Fukushima. The euro is not Read More
- Continue reading: EURUSD Pulling Back From Multi-Month High; Uptrend Intact
Hi. Just a quick update to yesterday’s thoughts & charts EURUSD The euro rallied well over 1.3850 today as Jean-Claude Trichet said that policy makers may soon hike interest rates to fight inflation. We are currently trading 40 points away from $1.40 and there’s no sign of exhaustion. However, I doubt we’ll see a break above Read More
“Regulation of derivative transactions that are privately negotiated by professionals is unnecessary.” – Congressional Testimony of Alan Greenspan, July 1998 Hello folks. I’ve been quite busy lately but nonetheless, my phone is my companion and I had the charts & quotes with me all the time. I finally managed to buy a decent HD media player Read More
“The riskiest thing you can do is get greedy.” – Lance Armstrong Hello. This week will be quite busy, some of the key events in the Forex Calendar being the RBA Interest Rate Decision on Tuesday, Bernanke’s Testimony, Trichet’s speech, the ECB Interest Rate Decision, the US ADP Nonfarm Employment Change, the Initial Jobless Claims and, Read More
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” - Paul Tudor Jones Hello. I hope you are having a great weekend. It’s been an interesting week in the Forex market, with some large movements on both sides across the board. Let’s look Read More
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
Quote of the day: “Definition of Statistics: The science of producing unreliable facts from reliable figures.” – Evan Esar EURUSD Trading strategy: standing aside The euro fell to $1.29 after the NFP report on Friday and holds under pressure today amid debt contagion fears. German magazine Der Spiegel reported over the weekend that Germany and Read More
- Continue reading: Euro Sinks Below 1.30 On Debt Fears and U.S. Employment Report
As promised earlier today, here are some short-term charts worth a look. USDSEK USDSEK 1d chart 1-6-2011
Quote of the day: “Curst greed of gold, what crimes thy tyrant power has caused.” – Virgil EURUSD Trading strategy: standing aside Euro’s rally was capped at 1.3430 yesterday as commodities and equities sold off. The 1.3250-1.3430 range is still valid and its lower limit is back in focus at time of writing. My plan Read More
- Continue reading: dollar recovers as equities and commodities sold off
Quote of the day: “Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe EURUSD Trading strategy: looking to buy at 1.3380, stop at 1.3320 (0.5% risk), 1st objective at 1.3430, 2nd objective at 1.3600 The euro recovered against the dollar after testing bids into the Read More
- Continue reading: Euro Recovers Across the Board as Risk Appetite Returns
Quote of the day: “Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.” – Milton Friedman EURUSD Trading strategy: standing aside The euro recovered Tuesday’s losses as the dollar weakened against commodities and commodity currencies. Intra-day resistance around 1.3250 was under pressure earlier today, after breaking Read More
- Continue reading: euro near weekly highs, following commodities
Quote of the day: “An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.” – Bill Vaughn EURUSD Trading strategy: standing aside The break above 1.3180 was short as the euro was unable to sustain gains and declined to as low as Read More
Quote of the day: “Let Wall Street have a nightmare and the whole country has to help get them back in bed again” – Will Rogers EURUSD Trading strategy: looking to buy a small size on pullback to 1.3180, stop at 1.3120, 1st objective at 1.3240, 2nd objective at 1.3330 Good morning. The dollar is Read More
- Continue reading: Dollar Weaker Across the Board on Low Volume Trading
Quote of the day: “Soon, nostalgia will be another name for Europe.” – Angela Carter EURUSD Trading strategy: looking to sell a small size on pullback to 1.3260, stop at 1.3310, 1st objective at 1.3210, 2nd objective at 1.3100 Good morning. Euro’s inability to sustain rebounds continues to favor selling on minor pullbacks to the Read More
- Continue reading: Euro under pressure while trading below 1.3180
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.
