Quote of the day: “The government solution to a problem is usually as bad as the problem.” – Milton Friedman EURUSD – 1.3843 @06:45 GMT Trading strategy: holding a portion of yesterday’s long @1.3760 with target at 1.3900; will consider buying again on potential pullback to 1.3750/60 Good morning. 1.3750 is finally breached as the Read More
- Continue reading: EURUSD Starts the Month with a Notable Breakout
Quote of the day: “Nothing travels faster than the speed of light with the possible exception of bad news, which obeys its own special laws.” – Douglas Adams EURUSD – 1.3719 @06:44 GMT Trading strategy: looking to buy at 1.3760, stop at 1.3710 (0.5% risk), 1st objective at 1.3810, 2nd objective at 1.3900 Good morning. Read More
- Continue reading: EURUSD returns to the upside – 1.3750 under pressure
Quote of the day: “Passion is absolutly necessary to achieve any kind of long-lasting success.” – Donald Trump EURUSD – 1.3612 @06:30 GMT Trading strategy: looking to sell at 1.3660, stop at 1.3710 (0.5% risk), 1st objective at 1.3610, 2nd objective at 1.3560 The euro has retreated on Friday on speculation that Egypt’s turmoil will Read More
- Continue reading: Euro retreating from 61.8% amid Egypt turmoil
Quote of the day: “Courage is knowing what not to fear.” – Plato EURUSD – 1.3718 @06:45 GMT Trading strategy: looking to buy at 1.3760, stop at 1.3710 (0.5% risk), 1st objective at 1.3810, 2nd objective at 1.3860 Good morning. Resistance at 1.3750 is still intact after yesterday’s hourly tests as a stronger catalyst is Read More
- Continue reading: Pullback, reversal or trend continuation?
Quote of the day: “We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.” – Franklin D. Roosevelt EURUSD – 1.3728 @12:40 GMT Trading strategy: looking to buy at 1.3760, stop at 1.3710 (0.5% risk), 1st objective at 1.3810, 2nd objective at 1.3900 Hello. Read More
Hello everyone. The US dollar is weaker after Fed rate decision and FOMC statement as QE continues as planned. The EUR is pushing to the upside after diving to minor intraday support zone around $1.3650, GBP is recovering as well – but attention goes to commodities which are rallying at time of writing: Gold currently Read More
Quote of the day: “Long run is a misleading guide to current affairs. In the long run we are all dead.” – John Maynard Keynes EURUSD – 1.3690 @06:28 GMT Trading strategy: standing aside Good morning. The euro maintains a bullish stance, trading near 1.37 against the US dollar at time of writing – ahead Read More
- Continue reading: EURUSD holding gains ahead of FOMC Interest Rate Decision
Quote of the day: “Under capitalism, man exploits man. Under communism, it’s just the opposite.” – John Kenneth Galbraith EURUSD – 1.3641 @06:38 GMT Trading strategy: standing aside Another day, another high – the euro rose to 1.3685 against the dollar yesterday, not far below resistance zone around 1.3730 which provided support in October and Read More
Quote of the day: “There are tons of people who are late to trends by nature and adopt a trend after it’s no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.” – Jim Cramer EURUSD – 1.3603 @06:33 GMT Trading strategy: looking to Read More
- Continue reading: Euro approaching next important resistance at 1.37
Good morning. Here are some good reads for this weekend Robert Skidelsky on John Maynard Keynes The Empire Pushes Back John Taylor’s Controversial Outlook On Inflation: “Not Here, Not Now” Why the Market is Wrong Tasty Cheese For Monday China’s US Assets Fall With the Dollar An update from the Chairman 10 Founders Who Came Read More
Quote of the day: “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr EURUSD – 1.3503 @06:35 Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), 1st objective at 1.3580, 2nd objective at at 1.3650 Good morning. The euro holds fairly well and continues the consolidation into the 1.34-1.35 range. Read More
Quote of the day: “Even if you fall on your face, you’re still moving forward.” – Victor Kiam EURUSD – 1.3477 @06:40 GMT Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), objective at 1.3630 Good morning. The dollar recovered some losses after the euro touched a monthly high at 1.3537 yesterday – breaking Read More
- Continue reading: Former resistance at 1.3430 providing support
Hello everyone. A little link love doesn’t hurt so here are some interesting reads for today. Nic Lenoir On Visualizing The Gobal Ponzi Scheme: How Does It End? Biggest bank robbery in history Goldman Sachs bankers to receive $15.3bn in pay and bonuses Why So Many Hedge Funds Sucked Wind And Underperformed In 2010 The 15 Read More
Quote of the day: “Between two evils, I always pick the one I never tried before.” – Mae West EURUSD – 1.3480 @06:10 GMT Trading strategy: long on minor pullback to 1.3440, stop at 1.3380 (0.5% risk), objective at 1.3600 The euro is climbing higher, breaking above the 1.3450 resistance zone at time of writing 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
Quote of the day: “We have guided missiles and misguided men.” – Martin Luther King EURUSD – 1.3314 @06:27 GMT Trading strategy: looking to buy at 1.3335, stop at 1.3285 (0.5% risk), objective at 1.3435 Good morning. First line of support that I highlighted yesterday around 1.3230 remained intact after the euro pulled back from Read More
- Continue reading: EURUSD maintains a bid tone while above 1.3230/50
Quote of the day: “The hard reality of trading is that, if you want to create consistency, you have to start from the premise that no matter what the outcome, you are completely responsible.” – Mark Douglas EURUSD – 1.3323 @06:39 GMT Trading strategy: looking to buy on pullback to 1.3230, stop at 1.3170 (0.5% Read More
Quote of the day: “Excess volatility is an enemy from the standpoint of the stability and prosperity of the global economy.” – Jean-Claude Trichet EURUSD – 1.3336 @06:45 GMT Trading strategy: looking to buy on potential pullback to 1.3250, stop at 1.3190 (0.5% risk), 1st objective at 1.3280, 2nd objective at 1.3330 Good morning. The Read More
- Continue reading: EURUSD Turns Bullish on a Short-term Basis
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
Quote of the day: “There are lies, damned lies and statistics.” – Mark Twain EURUSD – 1.3092 @06:53 GMT Trading strategy: standing aside Good morning. The euro had a solid rally yesterday, climbing as high as 1.3% against the dollar. Portugal’s bond auction was successful – hence providing clues that Portugal may not seek a Read More
- Continue reading: Euro Recovers After Portugal Bond Auction
Quote of the day: “Debts are nowadays like children begot with pleasure, but brought forth in pain” – Moliere EURUSD Trading strategy: looking to sell a small size on rally to 1.3090, stop at 1.3140 (0.5% risk), 1st objective at 1.3040, 2nd objective at 1.2960 Good morning. The Euro rose to $1.3015 session high ahead Read More
- Continue reading: EURUSD pushing to the upside ahead of bond sales
Quote of the day: “Where facts are few, experts are many.” – Donald R. Gannon EURUSD Trading strategy: looking to sell a small size at 1.3070, stop at 1.3130 (0.5% risk), 1st objective at 1.3010, 2nd objective at 1.2950 Good morning. The euro recovered some ground yesterday and continued today, following EURJPY which strengthened a bit Read More
Quote of the day: “Definition of Statistics: The science of producing unreliable facts from reliable figures.” – Evan Esar EURUSD Trading strategy: standing aside The euro fell to $1.29 after the NFP report on Friday and holds under pressure today amid debt contagion fears. German magazine Der Spiegel reported over the weekend that Germany and Read More
- Continue reading: Euro Sinks Below 1.30 On Debt Fears and U.S. Employment Report
Quote of the day: “Unemployment is capitalism’s way of getting you to plant a garden.” – Orson Scott Card EURUSD Trading strategy: looking to sell on potential pullback to 1.3080, stop at 1.3140 (0.5% risk), 1st objective at 1.3030, 2nd objective at 1.2980 Good morning. The euro extends losses against the dollar and now trades Read More
Quote of the day: “You cannot depend on your eyes when your imagination is out of focus.” – Mark Twain EURUSD Trading strategy: looking to sell on pullback to 1.3250, stop at 1.3310 (0.5% risk), 1st objective at 1.3200, 2nd objective at 1.3100 Good morning. Euro’s weakness persists as the single currency has lost 2 big Read More
Quote of the day: “Curst greed of gold, what crimes thy tyrant power has caused.” – Virgil EURUSD Trading strategy: standing aside Euro’s rally was capped at 1.3430 yesterday as commodities and equities sold off. The 1.3250-1.3430 range is still valid and its lower limit is back in focus at time of writing. My plan Read More
- Continue reading: dollar recovers as equities and commodities sold off
Quote of the day: “Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe EURUSD Trading strategy: looking to buy at 1.3380, stop at 1.3320 (0.5% risk), 1st objective at 1.3430, 2nd objective at 1.3600 The euro recovered against the dollar after testing bids into the Read More
- Continue reading: Euro Recovers Across the Board as Risk Appetite Returns
Quote of the day: “It is not enough to succeed. Others must fail.” – Gore Vidal EURUSD Trading strategy: standing aside Good morning. I hope you all had a nice holiday season and a good start in 2011. The euro starts slightly lower this year – down 50 pips from Friday’s close. Short-term resistance into Read More
Quote of the day: “Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man.” – Benjamin Franklin EURUSD Trading strategy: standing aside Good morning. The euro is climbing higher before year end, recovering towards $1.34 at time of writing. The sustained break above Read More
- Continue reading: Euro looking slightly bullish in the last day of 2010
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