Quote of the day: “Everything happens to everybody sooner or later if there is time enough.” – George Bernard Shaw EURUSD Trading strategy: looking to sell on pullback to 1.3370, stop at 1.3420, 1st objective at 1.3320, 2nd objective at 1.3180 The dollar is up today against its counterparts after the Fed left interest rates Read More
- Continue reading: euro extending its decline across the board
Quote of the day: “A second reason why science cannot replace judgement is the behavior of financial markets.” – Martin Feldstein EURUSD Trading strategy: standing aside The dollar declined across the board as China keeps interest rates on hold. Today’s economic calendar is filled with important events – most important of them being Fed’s Interest Read More
- Continue reading: dollar weaker ahead of Fed Interest Rate Decision
Quote of the day: “Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.” – Amory Lovins Check my yesterday evening post in case you missed it and consider liking innerfx if you are one of the Read More
Quote of the day: We will bankrupt ourselves in the vain search for absolute security. – Dwight D. Eisenhower EURUSD Trading strategy: standing aside Support was found yesterday around 1.3250 and the euro recovered, trading back into the 1.33 region but still below Friday’s top side. Ireland’s Parliament will vote today on its budget and Read More
- Continue reading: Ireland’s parliament voting on its budget
Quote of the day: It requires wisdom to understand wisdom: the music is nothing if the audience is deaf. – Walter Lippman EURUSD Trading strategy: standing aside The euro pulled back from its Friday highs but still maintains a bid tone against the dollar which is softer across the board as unemployment rate rose to Read More
- Continue reading: Dollar weaker as unemployment rose to 9.8%
Greetings. It’s been a pretty wild week in the Forex World as attention switched away from the Euro Zone debt problems for a while and the US unemployment rate rose to 7-month high at 9.8%, in a surprising setback, despite Fed’s tremendous efforts to stimulate economic growth, thus creating more money out of thin air jobs. QE2 Read More
Quote of the day: The best thing about the future is that it comes one day at a time. – Abraham Lincoln EURUSD Trading strategy: standing aside The euro recovered to as high as 1.3180 yesterday as the dollar was softer across the board and risk sensitive pairs such as EUR/JPY and AUD/JPY were some Read More
Quote of the day: I do not know with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. – Albert Einstein EURUSD Trading strategy: looking to sell on pullback to 1.3470, stop at 1.3530, 1st objective at 1.3420, 2nd objective at 1.3300 The dollar rallied Read More
Quote of the day: All generalizations are bad. – R.H. Grenier EURUSD Trading strategy: long at 1.3825, stop at 1.3755, 1st objective at 1.3875, 2nd objective at 1.3975 Although downside pressure is still high, support at 1.37 formed by October’s bottom held, and the dollar is a bit softer today, ahead of G20 Summit in Read More
- Continue reading: Dollar softer ahead of G-20 Summit in Seoul
Quote of the day: The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some Read More
- Continue reading: Dollar continues to slide on QE2 announcement
Smooth seas do not make skillful sailors. – African Proverb Greetings. There’s only one day left until the Fed will (as expected) resume the program of assets purchases, trying to support the economic recovery. Current question is not “Will the Fed announce QE2?” but rather “How much money will the Fed print inject into the Read More
Quote of the day: If you take more chances, you’ve got more chances to win. … If you have a low tolerance for risk, you’ve got a lower probability of success. – James Carville EURUSD Trading strategy: standing aside The euro retraced from yesterday’s top side around $1.400 where it was testing the resistance formed Read More
- Continue reading: AUD retesting parity on RBA hike; EURUSD higher
Quote of the day: The inability to anticipate changes in supply and demand for a currency is at the root of the statistically robust finding that forecasting exchange rates has a success rate no better than that of forecasting the outcome of a coin toss. – Alan Greenspan EURUSD Trading strategy: long at 1.3950 on Read More
Quote of the day: Recession is when a neighbor loses his job. Depression is when you lose yours. – Ronald Reagan EURUSD Trading strategy: short at 1.3910, stop at 1.3960(0.5% risk), 1st objective at 1.3860, 2nd objective at 1.3780 The euro recovered some ground in Asian session as the support zone formed by the last Read More
Quote of the day: Constant repetition carries conviction. – Robert Collier EURUSD Trading strategy: short at 1.3900, stop at 1.3970(0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3770 The dollar recovered to $1.3800 against the euro amid speculation increased debt purchases by the Fed will help revive economic growth, also following the AUD which Read More
Quote of the day: Courage is the discovery that you may not win, and trying when you know you can lose. – Tom Krause EURUSD Trading strategy: long on pullback to 1.400, stop at 1.3930(0.5% risk), 1st objective at 1.4050, 2nd objective at 1.4160 The euro is flirting with 1.4050 after few hours since the Read More
- Continue reading: dollar under pressure after G-20 meeting
Quote of the day: The first panacea for a mismanaged nation is inflation of the currency. The second is war. Both bring a temporary prosperity. Both bring a permanent ruin. – Ernest Hemingway EURUSD Trading strategy: standing aside Support around 1.3900 held and the euro holds recent gains near the 1.400 handle, maintaining a bid Read More
Quote of the day: In 27 of the 28 cases, sky-high prices eventually returned to earth, frequently making a small crater as they landed. - Jim Grant EURUSD Trading strategy: standing aside The euro is down 300 points from recent top at 1.4160 – this being the largest correction in 5 weeks. Current dollar’s recovery across Read More
Quote of the day: Never solve a problem from its original perspective. – Charles Thompson EURUSD Trading strategy: standing aside The dollar recovered some ground after the euro reached a fresh multi-month top at $1.4120. Support is provided by 1.400 and if the pair holds into this region today, a weekly close above 1.400 will Read More
- Continue reading: EURUSD consolidating gains near multi-month top
Quote of the day: I’ve learned that everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it. – Andy Rooney EURUSD Trading strategy: long at 1.4025, stop at 1.3955(0.5% risk), 1st objective at 1.4075, 2nd objective at 1.4165 The euro found support near 1.3900 and Read More
Quote of the day: Fiat money has no place to go but gold. – Alan Greenspan EURUSD Trading strategy: long at 1.3910, stop at 1.3840 (0.5% risk), 1st objective at 1.3960, 2nd objective at 1.4050 The euro resumed uptrend, ending the correction after it found support at 1.3800. The $1.400 barrier is back in focus Read More
Quote of the day: Economists are pessimists: they’ve predicted 8 of the last 3 depressions. – Barry Asmus EURUSD Trading strategy: standing aside Although it opened higher yesterday, the euro failed to hold gains and pulled back once again from $1.400 – testing support around 1.3850 while writing this. Short-term sentiment is not affected and Read More
Quote of the day: Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services. – Henry Ford EURUSD Trading strategy: long at 1.3960, stop at 1.3890(0.5% risk), 1st objective at 1.4010, 2nd objective at 1.4100 Although it managed to rally above the 1.4000 Read More
Quote of the day: Sometimes a man can meet his destiny on the road he took to avoid it. – Louis Salinger in The International EURUSD Trading strategy: long on pullback to 1.3950, stop at 1.3880(0.5% risk), 1st objective at 1.4000, 2nd objective at 1.4100 The euro holds gains above $1.39 against the dollar after Read More
Quote of the day: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan EURUSD Trading strategy: long at 1.3800, stop at 1.3730 (0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3950 Euro’s correction is completed Read More
- Continue reading: U.S. dollar resumes slide – gold unstoppable
Quote of the day: Fortune favors the prepared mind. – Louis Pasteur EURUSD Trading strategy: standing aside The dollar recovered some losses and former resistance region at 1.3680 is still under pressure as the pair continues to orbit on a 80 pips range – around it. Current pullback is most likely corrective, but it is Read More
- Continue reading: RBA surprises by leaving rates unchanged – dollar recovers
I am currently on a short holiday in Italy, until next week, therefore I might not be able to write my articles on a daily basis. Quote of the day: It does not matter how slowly you go as long as you do not stop. – Confucius EURUSD Trading strategy: standing aside The euro advanced Read More
Quote of the day: To avoid criticism do nothing, say nothing, be nothing. — Elbert Hubbard EURUSD Trading strategy: long at 1.3480, stop at 1.3410(0.5% risk), 1st objective at 1.3530, 2nd objective at 1.3640 Yesterday’s bottom around 1.3570 is under pressure at time of writing as the euro is pulling back from 5-month high reached Read More
Quote of the day: When a man tells you that he got rich through hard work, ask him: ‘Whose?’ — Don Marquis EURUSD Trading strategy: long at 1.3400, stop at 1.3330(0.5% risk), 1st objective at 1.3450, 2nd objective at 1.3550 It’s Monday again and the euro starts the week by conserving recent gains against the Read More
Quote of the day: As long as people believe in absurdities they will continue to commit atrocities. — Voltaire EURUSD The euro had a good run against the dollar in the last 2 weeks, gaining 450 pips per week – being up 6.4% this month. Or I rather say “the dollar is down 6.4% against Read More
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.
