The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 Read More
- Continue reading: Euro Pulls Back Before EU Leaders Meet in Brussels
It’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: USD Index EURUSD 4hrs chart still looks bullish as current decline could be Read More
- Continue reading: Euro Starts the Week Lower, Testing Support Zone
“Doubt is not a pleasant condition, but certainty is absurd.” ~ Voltaire Good morning. A fresh multi-month low has been reached by EUR against USD at $1.2665 before pulling back to $.12720 at time of writing. Angela Merkel and Nicolas Sarkozy meet today in Berlin to finalise a deal to increase fiscal coordination and discuss ways to boost growth in Read More
- Continue reading: Dollar Pulls Back, Strong Uptrend Remains Intact
Quote of the day: “Get your facts first, and then you can distort them as much as you please” ~ Mark Twain Good morning. The dollar continues to lose ground as risk sensitive currencies rebound after consolidating for a week. Short covering also fueled current recovery along with market optimism that European Leaders will act Read More
Quote of the day:“Doubt whom you will, but never yourself.” ~ Christine Bovee Good morning. The euro changed course and declined after reaching a daily high at $1.3910 yesterday, but remains slightly bullish on short-term basis as recent recovery was quite strong. The German Zew and Bernanke’s speech later today are the most important events of Read More
- Continue reading: Dollar Recovering On Risk-Off Trade; Eyes on Bernanke
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:“We learn from history that we learn nothing from history” ~ George Bernard Shaw Good morning. Last week’s euro recovery was indeed corrective and the single currency is trading lower across the board, gapping down over 100 points over the weekend. Short-term sentiment is once again bearish and downside pressure is likely to remain Read More
Let’s see what this week brings and whether there might be some interesting trade setups developing I’ll start with the EURUSD, which is the most popular currency pair. As you can see, the pair is still into a relatively narrow range since topping at $1.49. But why? and here is the answer: Riiight! Notice how 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! I just added a new category – the Market Tavern, where free speech / chat-like articles will be included. This is one of them. Woody’s credit rating Euro’s recovery on ‘good’ news (oh really?!) coming from Dublin is intraday history already and last week’s bottom at 1.3450 is back on the radar as the Read More
EURUSD Trading strategy: standing aside Upside was capped by 1.3000 on Friday and the euro pulled back 100 points, but still holds gains above 1.2900. Short-term sentiment remains highly bearish and no signs of up trend exhaustion are seen yet. However, in case of extending current pullback below 1.29, we can look at 1.2700-1.2765 as Read More
- Continue reading: Daily analysis and trading strategies 7-19-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
EURUSD – 1.2287 The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution is advised for those buying Read More
- Continue reading: EURUSD, GBPUSD, AUDUSD, EURGBP and Gold outlook 6/14/10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. — Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday’s session before gapping up over the weekend has been a though barrier in Read More
- Continue reading: Daily analysis and trading strategies 5-13-10
Quote of the day: Luck never gives; it only lends – Swedish Proverb EURUSD Trading strategy: short at 1.4030, stop at 1.4080 (1% risk), 1st objective at 1.3980, 2nd objective at 1.3930. Yesterday’s recovery has been modest, the daily range being 85 points – 40 points less than the 20 days average. However, upside remains Read More
- Continue reading: Daily analysis and trading strategies 2-2-10
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