To avoid situations in which you might make mistakes may be the biggest mistake of all. ~ Peter McWilliams Good morning. The dollar continued to retreat against some of its counterparts as risk appetite returned. However, the move is rather normal after recent strong gains and so far it looks corrective. USD Index As seen below, Read More
- Continue reading: Dollar Testing Key Resistance, Euro Resumes Decline
Quote of the day:“Intuition isn’t the enemy, but the ally, of reason.” ~ John Kord Lagemann Good morning. I took a day off yesterday but now I’m back in business. World markets fall after weak US employment numbers and the dollar is strengthening against some of its counterparts, except for CHF which is recovering recent losses Read More
- Continue reading: EURUSD Testing Key Support Zone, Gold and Silver Strengthening
Quote of the day:“If government could create jobs and raise children, socialism would have worked.” ~ George Gilder Good morning. We all know what today is. Right – the NFP day! Euro remains under pressure after losing ground against most counterparts in the last few days, and trading today is likely to stay quiet until the Read More
Quote of the day: “Consistency requires you to be as ignorant today as you were a year ago.” ~ Bernard Berenson Good morning. The euro is trading lower after weeks of apparent calm in Europe, as focus in back on the debt crisis now that policymakers return from summer breaks. Some important data releases of the Read More
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: “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: “Lack of money is no obstacle. Lack of an idea is an obstacle.” ~ Ken Hakuta Good morning. The euro pulled back yesterday against the US dollar and some of its major counterparts such as the Japanese yen after Sarkozy – Merkel talk. Equity markets also fell after Sarkozy said that increasing the Read More
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
Another day is gone and you’re probably tired after all the wild swings in some currencies, especially the Swiss Franc. Here are some good reads you should look at: Desperate Swiss eye euro peg to repel safe-haven flood (Telegraph) Desperate Measures (Bruce Krasting) Irony Alert: If This is 72 Hours of Central Bankers Trying to Save the World, Read More
Hello. Markets failed to continue yesterday’s gains as the European selloff resumed. Now that the European markets are closed, the S&P500 is finding some bids into 50% retracement zone of yesterday’s full recovery. Anyway, the recovery is modest as there aren’t many buyers around – fear and panic being too high these days. Here’s a Read More
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: “Think like a man of action, act like a man of thought” - Henri Bergson Good day all. The euro is up across the board as European leaders eased the terms of loans for countries in trouble and expanded the aid for Greece. In case you missed it – yesterday I shared Read More
- Continue reading: Euro Set for More Gains on European Debt Optimism
EUphoria rules and can be seen on most charts today, as Greece has been saved (again!) and the euro rallied, currently trying to stabilize at ~ $1.4370, before testing more upside – eventually. Here’s a collection of links on (but not only) today’s hottest topic – the European Summit. That eurozone summit draft — annotated (FT Alphaville) Read More
Quote of the day: “Finance is the art of passing money from hand to hand until it finally disappears.” - Robert W. Sarnoff EURUSD – 1.4543 @06:42 GMT Good morning. Euro is pushing above $1.45 so I had to exit my last short, expecting the pair to continue to the upside ahead of next week’s ECB Read More
- Continue reading: EURUSD Quick Comment and Few Setups to Start the Month With
Quote of the day: “Everything that irritates us about others can lead us to an understanding of ourselves.” – Carl Jung EURUSD – 1.4404 @07:05 GMT Good morning. Last week’s top side is in focus now that the EUR managed to recover most of its recent losses, so keep an eye on 1.4450/75 if it Read More
- Continue reading: EURUSD Holding Gains Ahead of FOMC Meeting
Here are some interesting charts to watch in the coming days. Less words, more charts! EURJPY EURJPY daily chart 5-3-2011 EURGBP EURGBP daily chart 5-3-2011 EURCHF EURCHF daily chart 5-3-2011
- Continue reading: Charts To Watch In The Coming Days 5/03/11
Quote of the day: “Marriage is like a bank account. You put it in, you take it out, you lose interest.” – Irwin Corey EURUSD – 1.4835 @07:15 GMT Good morning. Intraday resistance at 1.4850 is being tested at time of writing and there are no clues to point downwards yet. I don’t know if Read More
“Normal is nothing more than a cycle on a washing machine.” – Whoopi Goldberg Hello. As mentioned earlier today, I’m back to share some interesting charts. EURUSD As you all know – tomorrow is an important day, when the ECB is expected to raise rates for the first time since July 2008. The rate hike is Read More
Quote of the day: “The determination to win is the better part of winning.” – Daisaku Ikeda EURUSD – 1.3635 @07:45 GMT Trading strategy: looking to sell at 1.3740, stop at 1.3790 (0.5% risk), 1st objective at 1.3690, 2nd objective at 1.3600 Good morning. Intra-day resistance zone near 1.3650 is on the radar screen as Read More
- Continue reading: EURUSD: Potential Selling Opportunity at Resistance Level
“For a trader, winning is extremely dangerous if you haven’t learned how to monitor and control yourself.” – Mark Douglas Good evening. As promised yesterday, I’m back on my good old desktop PC to share some thoughts on charts and setups – including the ones I posted on Monday. Let’s start with EURUSD. As I Read More
“I think that gravity sets into everything, including careers, but pendulums do swing and mountains do become valleys after a while… if you keep on walking.” – Sylvester Stallone Good evening. I hope everyone is fine today. It’s been an interesting day, so far, as the dollar continued to depreciate across the board and some Read More
Hello everyone. Sorry for disturbing while you’re probably watching large movements across the charts today. Here are some recommended articles for this afternoon John Taylor: “We Need Real Leaders Now!” Goldman Issues “Tactical” Long EURUSD Call With 1.37 Target And 1.285 Stop The 20 Most Influential Blogs in Financial Media Is China’s European Rescue Just A Read More
Hello. As promised in my morning post, I’m back – posting some short-term charts, most of them being updates to those posted on Monday afternoon (and GBPUSD from Monday morning article) GBPUSD GBPUSD daily chart 1-13-2011
Hello folks. Last weeks I posted some charts which I considered interesting. Here are some more, including updates to the ones posted last time. USDSEK USDSEK daily chart 1-10-2011 GBPCHF GBPCHF daily chart 1-10-2011
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