Some people will never learn anything because they understand everything too soon. ~ Alexander Pope Good morning. It’s been a bad year for the euro and it ain’t over yet, as there are only two more days until 2012 and the euro has breached below $1.30 and reached 100.30 against the Japanese yen – the lowest Read More
- Continue reading: Dollar Continues Uptrend; EURJPY Testing 100
Here’s something to think about: How come you never see a headline like ‘Psychic Wins Lottery’? ~ Jay Leno Good morning. Euro recovered some ground after sliding to as low as $1.2945 two days ago, but the move is likely corrective and there’s more room for it to move higher. USD Index As seen below Read More
Envy can be a positive motivator. Let it inspire you to work harder for what you want. ~ Robert Bringle Good morning. Sentiment remains unchanged across the board, euro and other risk pairs extending Friday’s sell-off. please elaborate your answer in the comments section below USD Index Recent top comes under pressure as the dollar extends Read More
- Continue reading: Dollar Retesting the Top Side While Euro Keeps Falling
Politics is the art of preventing people from taking part in affairs which properly concern them. ~ Paul Valery Good morning. The euro comes under a new round of selling pressure today as Friday’s rally was short-lived, therefore selling into strength is still the best bet. Some of the notable economic events this week are: Fed Interest Read More
- Continue reading: Euro Resumes Sell-Off, Other Risk Pairs Follow
The best way to convince a fool that he is wrong is to let him have his own way. ~ Josh Billings Good morning. Last two days of the week are here and they are both important for the euro, as ECB is expected to cut rates again, for the second time in two months. A Read More
- Continue reading: Euro Up Before EU Summit, ECB Rate Decision
Quote of the day: “There is no security on this earth, there is only opportunity.” ~ General Douglas MacArthur Good morning. Monday’s opening price which is providing resistance is currently being tested as the euro recovered some ground, but the daily charts remain bearish as long as there are several resistance layers above current trading zone. The Read More
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
Quote of the day:“Work saves us from three great evils: boredom, vice and need.” – Voltaire Good morning. As said many times before – history has a nasty way of repeating itself: so the BoJ intervention has failed once again and the Yen is strengthening across the board amid speculation fact that the global growth is Read More
Quote of the day: “You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.” ~ John Kenneth Galbraith Good morning. If you just opened the charting platforms, you may want to check the JPY pairs as there’ve been some wild moves overnight: Read More
Quote of the day:“Nobody ever did, or ever will, escape the consequences of his choices.” ~ Alfred A. Montapert Good morning. EURUSD is approaching the 3-months support zone as risk-off trade intensifies across the board – CHF and JPY extending gains all over the place, Gold reaching new record highs while writing these lines, AUDJPY breaking Read More
- Continue reading: Euro Extending Losses; SNB Intervention Just Around the Corner
Quote of the day: “When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other.” ~ Chinese Proverb Hello. Things are looking bad for the euro once again as the debt contagion spreads to Italy and the markets resumed the decline, all important Read More
- Continue reading: Euro Continues to Fall; Some Charts That Matter Today
Quote of the day:“The only cure for grief is action.” - George Henry Lewes Good morning. 1.44 is again under pressure as the euro recovered on Friday and the monthly close near 1.44, thus forming a long tailed / continuation candle (see chart below) suggesting that there’s more upside to be seen. Next resistance levels are Read More
Quote of the day:“Every society clings to a myth by which it lives. Ours is the myth of economic growth. It’s totally at odds with our scientific knowledge of the finite resource base and the fragile ecology on which we all depend for survival.” – Tim Jackson Good morning. Another day, another round of euro Read More
- Continue reading: Euro Losing More Ground; Few Charts To End The Week
Quote of the day:“Everybody gets so much information all day long that they lose their common sense.” - Gertrude Stein Good morning. The dollar is taking a breath – recovering some ground across the board, especially against the euro, its major counterpart. Gold pulled back after reaching a fresh high yesterday and the equity markets closed Read More
- Continue reading: Dollar Recovering Towards Sell Zone, Euro Under Renewed Pressure
Quote of the day:“Strong reasons make strong actions.” - William Shakespeare Good morning. The consolidation near resistance at 1.4400 is over and the euro continues to climb higher towards 1.46-1.47 resistance zone, as pointed out in my post yesterday. The rally is caused by a weaker dollar, as the greenback is in free-fall mode against the Read More
- Continue reading: EURUSD Breaking Above Trendline Resistance
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
Quote of the day: “Absolute faith corrupts as absolutely as absolute power.” - Eric Hoffer Good morning. Big day ahead for the euro and the pair gains before the summit, testing offers around $1.4260 after Germany and France reached an agreement on Greek debt. Last week’s top is currently tested and it seems that the euro Read More
- Continue reading: Euro Recovers on Debt Optimism Before EU Summit
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:“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
“Europe has found itself confronted with fresh challenges – challenges of a global character, the nature of which is directly connected with changes in the international climate and the difficulties of seeking new models for co-operation.” - Boris Yeltsin Here’s a daily chart of EUR Index (euro against a basket of five major currencies: USD, GBP, Read More
- Continue reading: Mid-Week EUR Thoughts, Charts and Setups
Quote of the day: “Endless money forms the sinews of war.” - Marcus Tullius Cicero EURUSD – 1.4086 @08:00 GMT Good morning. The euro is trading comfortably into the 1.4 region but the real show takes place elsewhere: the JPY charts on news that G-7 is intervening to weaken the Japanese yen. The EURJPY is up Read More
- Continue reading: JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Quote of the day: “The only way not to think about money is to have a great deal of it.” - Edith Wharton EURUSD – 1.3913 @07:48 GMT Good morning. The markets are nervous and Nikkei closes down 10% on worries about Japan’s nuclear crisis. The euro fell to as low as $1.3892 from $1.40 following EUR/JPY, Read More
- Continue reading: EURUSD Pulling Back From 1.40 Amid Risk Aversion
Hello. Here are some readings to browse this weekend Goldman’s FX Charts That Matter Next Week Investing in Silver Instead of Toilet Paper Currencies Key Trendline Price Level to Watch in US Dollar Index Euro and Yen – Surprising Developments From No 1 fan to critic-in-chief, Damon takes aim at Obama Unemployment Edges Lower as Job Growth Read More
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
Quote of the day: “Anger always comes from frustrated expectations” – Elliott Larson Hello. Crazy EURUSD chart today as it recovered from 1.3530 very fast, retesting 1.3700. Long tailed candle on the daily chart suggesting more upside action, so keep your eyes on 1.3750. Check my yesterday post for some observation on this level. As Read More
“Always do what you are afraid to do.” – Ralph Waldo Emerson Hello. I made a few changes to the site recently, so if you notice any errors or weird behavior please drop me a line. One of the changes is the IntenseDebate comment system which is very cool. You probably know it already from Read More
Hello. Here is a quick update to some of the short-term charts & setups I’ve posted 9 days ago but some new ones, too. EURJPY EURJPY daily chart 2-15-2011 EURJPY weekly chart 2-15-2011
- Continue reading: Short-term Charts Update and Interesting Setups
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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