Differences challenge assumptions. ~ Anne Wilson Schaef Good morning folks. Not much is changed since yesterday across the charts, as EUR maintains a bid tone for now – but there’s a good change that current recovery is only a (much needed) correction. Hourly charts already show signs of exhaustion, but more notable resistance is a bit Read More
- Continue reading: Dollar Pulls Back After Strong Rally, Euro Recovers but Remains Under Pressure
Nobody can be so amusingly arrogant as a young man who has just discovered an old idea and thinks it is his own. ~ Sydney J. Harris Good morning. The dollar tested last year’s top as euro continues to tumble amid Greece exit worries. Euro’s recovery on Friday seems rather corrective and sellers are probably waiting Read More
Whatever begins, also ends. ~ Seneca Good morning. Euro opened lower today as fear of Greece leaving euro-zone grows. Dollar trades higher against most counterparts and the dollar index is testing March’s top, as seen below USD Index S&P500 There’s no sign of relief yet and I, for one, remain bearish until price returs above Read More
Mistakes are a fact of life. It is the response to error that counts. ~ Nikki Giovanni Good morning. Euro and other risk-sensitive pairs are under pressure, extending decline while the dollar is trading comfortably above 80 Dollar Index Horizontal resistance around 80 has been breached and uptrend doesn’t seem to run out of steam yet. Read More
Those who will play with cats must expect to be scratched. ~ Cervantes Good morning. Dollar holds onto gains as EUR breached below $1.300 and is currently struggling to recover, but it’s likely that rallies will be short-lived. US trade balance and Bernanke’s speech are today’s most important events. USD Index Resistance around 80 is under Read More
- Continue reading: EUR Under Pressure, Below Former Support
Many of life’s failures are people who did not realize how close they were to success when they gave up. ~ Thomas Edison Good morning. All eyes are again on Greece, where political leaders are meeting again to form a new government. Current sell-off is also caused by the French election. With the euro down around $1.300 Read More
- Continue reading: EUR: 1.30 Support Under Pressure in Risk-Off Trade Following Election Results
Trust your own instinct. Your mistakes might as well be your own, instead of someone else’s. ~ Billy Wilder Good morning. Euro is testing the downside ahead of ECB interest rate decision on best that ECB will hint of further stimulus measures. USD Index Dollar bounced off horizontal support and is retesting former support. Next barrier Read More
Greed is a fat demon with a small mouth and whatever you feed it is never enough. ~ Janwillem van de Wetering Good morning. Euro holds onto gains above $1.32 after it recovered on Friday from $1.3150 lows. All eyes are on Spain today, as the Spanish government holds a media briefing to explain austerity steps. Read More
You may be deceived if you trust too much, but you will live in torment if you don’t trust enough. ~ Frank Crane Good morning. Euro is back to the upside, retesting $1.3200 and it seems that a breakout is in the cards. USD Index Support formed by the rising trendline connecting recent higher lows is Read More
Dictionary is the only place that success comes before work. ~ Vince Lombardi Good morning. Euro is pulling back after testing $1.3200 on Friday, and it looks bullish while interim support around $1.3150 holds. Risk currencies are under pressure as stock indices such as S&P500 failed to breach recent top side. Here’s a couple of charts Read More
Small opportunities are often the beginning of great enterprises. ~ Demosthenes Good morning. Stocks recovered some of last week’s losses, hence the dollar is sold-off, facing resistance around 80 USD Index It’s still difficult for the dollar to break above resistance formed around 80 by the downward trendline, so I remain bearish while it holds below Read More
There’s only one corner of the universe you can be certain of improving, and that’s your own self. ~ Aldous Huxley Good morning. Stocks gained in the last two days, hence risk pairs are getting some relief and the dollar is weakening. USD Index Resistance around 80 stayed intact after a few tests and it seems Read More
Shallow men believe in luck. Strong men believe in cause and effect. ~ Ralph Waldo Emerson Good morning. Risk pairs continue to plunge following stock indices. The dollar index holds onto gains not far below interim resistance at 80 USD Index EURUSD Euro looks rather fragile on the daily chart, but maybe it’s worth looking for Read More
The major block to compassion is the judgment in our minds. Judgment is the mind’s primary tool of separation. ~ Diane Berke Good morning. Dollar holds onto gains as the euro is under pressure, declining towards $1.300 support. Not much is expected to happen until later today when the NFP data will be released. USD Index Read More
Efficiency is doing things right; effectiveness is doing the right things. ~ Peter Drucker Good morning. Dollar is up after yesterday’s FOMC meeting minutes and focus today is on the ECB rate decision (see economic calendar). Let’s see what are some of the charts worth your attention today USD Index yesterday’s strong recovery changes the short-term Read More
It’s not what happens to you that counts, but how you handle it. It’s not how far you fall, but how well you bounce. ~ Dan Zadra Good morning. Dollar remains under pressure as euro holds above $1.3300 and it seems that a test of $1.3480/00 is in the cards this week. USD Index EURUSD Support Read More
Good instincts usually tell you what to do long before your head has figured it out. ~ Michael Burke Good morning. Dollar remains under pressure while the euro managed to overcome resistance at $1.3300. USD Index No decisive break of interim support at 79 yet, but downside pressure remains high. In case of recovery, rallies would Read More
Trust yourself. You know more than you think you do. ~ Benjamin Spock Good morning. Dollar remains under pressure as euro is finding bids on pullbacks, pushing higher towards $1.3300 which is the 1st resistance level to keep an eye on. USD Index Not much changed since a week ago: rallies are being sold every time Read More
Trusting our intuition often saves us from disaster ~ Anne Wilson Schaef Good morning. Dollar continues to be sold into rallies as the euro finds intraday support at $1.3185/00 USD Index As seen below – dollar is losing ground on a short-term basis but it is still above recent corrective bottom at 79. EURUSD As noted Read More
- Continue reading: Thursday Charts: Dollar, Aussie Losing Ground
Strong people make as many mistakes as weak people. Difference is that strong people admit their mistakes, laugh at them, learn from them. That is how they become strong. ~ Richard Needham Good morning. There’s pressure on the dollar these days, as the euro continues recovery bringing resistance around $1.33 back in focus. USD Index Next Read More
You may occasionally give out, but never give up. ~ Dan Zadra Good morning. The dollar trades lower after Friday’s decline, as the euro tested resistance near $1.3200. USD Index The dollar index looks quite bearish on intraday basis, now that support at 80 has been breached. However, there’s still a good chance that this movement Read More
No one would ever have crossed the ocean if he or she could have gotten off the ship in a storm. ~ Charles Kettering Good morning. Dollar pulled back yesterday against its main counterparts and the question now is whether the move is corrective. USD Index Former resistance is currently providing support at 80. Uptrend is Read More
- Continue reading: US Dollar Pulls Back; Charts to End the Week
What we see depends mainly on what we look for. ~ John Lubbock Good morning. Dollar rallied across the board, breaking above recent top as Fed did not suggest further quantitative easing. Euro breached support at 1.3100, trading around 1.3040 at time of writing. USD Index The sign of a breakout was quite clear after Friday’s Read More
We fail far more often by timidity than by over daring. ~ David Gayson Good morning. The euro declined on Friday’s post NFP market reaction and Greek debt swap. Greece is again in focus as eurozone finance ministers meet today to discuss Greece’s second bailout final approval. Other important events on this week’s economic calendar are: Read More
First say to yourself what you would be; and then do what you have to do. ~ Epictetus Good morning. It seems that the euro is getting some relief on growing optimism about the Greece’s debt restructuring. But it’s that day of the month again and everyone is waiting for the NFP. USD Index Still in range Read More
- Continue reading: NFP Friday is Here: Dollar in Range, Euro and Risk Pairs Pull Back
Most of the basic truths of life sound absurd at first hearing. ~ Elizabeth Goudge Good morning. The yen continued to recover as Greece worries boost safety demand, while the dollar is up against most counterparts as EUR, metals and other risk pairs such as AUDUSD declined. Starting today I will use tradingview.com for dollar index charts mainly. Read More
There are two rules for success: 1) Never tell everything you know. ~ Roger H. Lincoln Good morning. Risk-off trade continues, therefore JPY is recovering across the board. Australian dollar drops as the RBA maintains interest rate at 4.25% as expected, but suggested that the door is open for further cuts. Let’s see what are Read More
- Continue reading: Dollar Approaching Resistance Zone; Risk Pairs Under Pressure
History is the version of past events that people have decided to agree upon. ~ Napoleon Bonaparte Good morning. Euro continues to weaken and so far there is no sign of relief. Some of the most important economic events this week are the interest rate decisions of RBA, RBNZ, BOC, BOE and ECB, the US Trade Read More
I am always doing that which I can not do, in order that I may learn how to do it. ~ Pablo Picasso Good morning. Dollar recovered yesterday as Ben Bernanke didn’t hint that he’s picking the easing baton from ECB – which pumps extra 530 billion euros into the financial system through LTRO funding. Read More
- Continue reading: Dollar Bounced Off Support; EUR and Metals Sold Off
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