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
Euro looking slightly bullish in the last day of 2010
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
euro near weekly highs, following commodities
Quote of the day: “Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.” – Milton Friedman EURUSD Trading strategy: standing aside The euro recovered Tuesday’s losses as the dollar weakened against commodities and commodity currencies. Intra-day resistance around 1.3250 was under pressure earlier today, after breaking Read More
- Continue reading: euro near weekly highs, following commodities
euro under renewed pressure
Quote of the day: “An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.” – Bill Vaughn EURUSD Trading strategy: standing aside The break above 1.3180 was short as the euro was unable to sustain gains and declined to as low as Read More
Dollar Weaker Across the Board on Low Volume Trading
Quote of the day: “Let Wall Street have a nightmare and the whole country has to help get them back in bed again” – Will Rogers EURUSD Trading strategy: looking to buy a small size on pullback to 1.3180, stop at 1.3120, 1st objective at 1.3240, 2nd objective at 1.3330 Good morning. The dollar is Read More
- Continue reading: Dollar Weaker Across the Board on Low Volume Trading
Euro under pressure while trading below 1.3180
Quote of the day: “Soon, nostalgia will be another name for Europe.” – Angela Carter EURUSD Trading strategy: looking to sell a small size on pullback to 1.3260, stop at 1.3310, 1st objective at 1.3210, 2nd objective at 1.3100 Good morning. Euro’s inability to sustain rebounds continues to favor selling on minor pullbacks to the Read More
- Continue reading: Euro under pressure while trading below 1.3180
EURUSD getting closer to 1.300
Quote of the day: “Fiction reveals truths that reality obscures.” – Jessamyn West EURUSD Trading strategy: looking to sell on pullback to 1.3280, stop at 1.3340, 1st objective at 1.3230, 2nd objective at 1.3100 Good morning. The euro continues to trade lower, threatening the $1.3100 yesterday. Former support around 1.3180 became resistance held yesterday, before Read More
Two-week support at 1.3180 breached
Quote of the day: “In seed time learn, in harvest teach, in winter enjoy.” – William Blake Check my weekend article, in case you missed it: 10 Trading Lessons You Can Learn From Albert Einstein EURUSD Trading strategy: looking to sell a small size around 1.3250, stop at 1.3310, 1st objective at 1.3200, 2nd objective Read More
euro recovering some ground; range bound likely
Quote of the day: “Failure is nature’s plan to prepare you for great responsibilities.” - Napoleon Hill EURUSD Trading strategy: small size long on pullback to 1.3250, stop at 1.3190, 1st objective at 1.3300, 2nd objective at 1.3350 The euro found support, again, around 1.3180 which will probably remain a two-week bottom and recovered towards 1.3300 Read More
- Continue reading: euro recovering some ground; range bound likely
Euro under pressure; EU leaders meeting in Brussels
Quote of the day: “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing EURUSD Trading strategy: small size short on pullback to 1.3300, stop at 1.3360, 1st objective at 1.3250, 2nd objective at 1.3180 The euro fell sharply against Read More
- Continue reading: Euro under pressure; EU leaders meeting in Brussels
euro extending its decline across the board
Quote of the day: “Everything happens to everybody sooner or later if there is time enough.” – George Bernard Shaw EURUSD Trading strategy: looking to sell on pullback to 1.3370, stop at 1.3420, 1st objective at 1.3320, 2nd objective at 1.3180 The dollar is up today against its counterparts after the Fed left interest rates Read More
- Continue reading: euro extending its decline across the board
dollar weaker ahead of Fed Interest Rate Decision
Quote of the day: “A second reason why science cannot replace judgement is the behavior of financial markets.” – Martin Feldstein EURUSD Trading strategy: standing aside The dollar declined across the board as China keeps interest rates on hold. Today’s economic calendar is filled with important events – most important of them being Fed’s Interest Read More
- Continue reading: dollar weaker ahead of Fed Interest Rate Decision
euro retesting last week’s support
Quote of the day: “All you need in this life is ignorance and confidence; then success is sure.” – Mark Twain Check my previous post for some potential setups for this week EURUSD Trading strategy: looking to sell on pullback to 1.3240, stop at 1.3290, 1st objective at 1.3190, 2nd objective at 1.3110 Last week’s Read More
EURUSD bull flag still valid
Quote of the day: “If you‘re going through hell, keep going.” – Winston Churchill EURUSD Trading strategy: looking to buy a small size on break above 1.3280 / around 1.3300, stop at 1.3240, 1st objective at 1.3350, 2nd objective at 1.3440 Euro’s recovery was capped at 1.3310/20 and was sold-off after Fitch downgraded Ireland to BBB+. Though Read More
EURUSD possible bull flag formation
Quote of the day: “Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.” – Amory Lovins Check my yesterday evening post in case you missed it and consider liking innerfx if you are one of the Read More
euro resuming its decline
Quote of the day: History, in general, only informs us of what bad government is. – Thomas Jefferson EURUSD Trading strategy: looking to sell at 1.3260, stop at 1.3320, 1st objective at 1.3210, 2nd objective at 1.3110 1.3400 capped the upside yesterday and the euro is back below 1.33 and Monday’s bottom. The Irish government Read More
Ireland’s parliament voting on its budget
Quote of the day: We will bankrupt ourselves in the vain search for absolute security. – Dwight D. Eisenhower EURUSD Trading strategy: standing aside Support was found yesterday around 1.3250 and the euro recovered, trading back into the 1.33 region but still below Friday’s top side. Ireland’s Parliament will vote today on its budget and Read More
- Continue reading: Ireland’s parliament voting on its budget
Dollar weaker as unemployment rose to 9.8%
Quote of the day: It requires wisdom to understand wisdom: the music is nothing if the audience is deaf. – Walter Lippman EURUSD Trading strategy: standing aside The euro pulled back from its Friday highs but still maintains a bid tone against the dollar which is softer across the board as unemployment rate rose to Read More
- Continue reading: Dollar weaker as unemployment rose to 9.8%
Snow is falling and gold is rising
Greetings. It’s been a pretty wild week in the Forex World as attention switched away from the Euro Zone debt problems for a while and the US unemployment rate rose to 7-month high at 9.8%, in a surprising setback, despite Fed’s tremendous efforts to stimulate economic growth, thus creating more money out of thin air jobs. QE2 Read More
Calm market ahead of NFP
I take this opportunity to let you know that fellow trader Casey Stubbs of Winners Edge Trading will launch a complete product consisting of training from A to Z, trading signals, videos, webinars, a live trading room and many other helpful tools. You can check here for his video series and registration and also ask Casey Read More
euro recovering some ground
Quote of the day: The best thing about the future is that it comes one day at a time. – Abraham Lincoln EURUSD Trading strategy: standing aside The euro recovered to as high as 1.3180 yesterday as the dollar was softer across the board and risk sensitive pairs such as EUR/JPY and AUD/JPY were some Read More
1.300 under pressure
Quote of the day: If voting changed anything, they’d make it illegal. – Emma Goldman EURUSD Trading strategy: looking to sell on pullback to 1.3100, stop at 1.3160, 1st objective at 1.3050, 2nd objective at 1.2950. A minor correction is underway as the dollar is softer across the board, especially against gold and yen. Although Read More
Time to look below 1.3?
Quote of the day: No sense makes sense. – Charles Manson EURUSD Trading strategy: looking to sell on pullback to 1.3200, stop at 1.3260, 1st objective at 1.3150, 2nd objective at 1.3050 The euro continues to drop towards $1.300 while all upside pullbacks are sold. Yesterday’s test against 1.3300 was yet another opportunity to join Read More
Dollar continues to get stronger
Quote of the day: A lie can travel halfway around the world while the truth is putting on its shoes. – Mark Twain EURUSD Trading strategy: standing aside Euro’s collapse continue amid fears that more countries in Europe will join Ireland and Greece. The tension between North and South Korea is also fueling current decline Read More
1.3300 breach imminent?
Quote of the day: People rarely succeed unless they have fun in what they are doing. – Andrew Carnegie EURUSD Trading strategy: standing aside EUR/USD is little changes since yesterday morning as the shy attempt to recover was capped by 1.3385/00. Pressure is again high on the 1.3300 support as the pair feels heavy and Read More
Euro Threatens 1.3300; thiner market due to the Thanksgiving holiday
Quote of the day: An optimist is a person who starts a new diet on Thanksgiving Day. – Irv Kupcinet A Happy Thanksgiving to all American readers! EURUSD Trading strategy: standing aside The market is quiet and will probably remain this way until next week, after the Thanksgiving holiday. Support at 1.3300 still holds but Read More
- Continue reading: Euro Threatens 1.3300; thiner market due to the Thanksgiving holiday
risk off after North Korea attack
Quote of the day: I do not know with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. – Albert Einstein EURUSD Trading strategy: looking to sell on pullback to 1.3470, stop at 1.3530, 1st objective at 1.3420, 2nd objective at 1.3300 The dollar rallied Read More
Euro resumes the freefall
Quote of the day: I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road. – Stephen Hawking EURUSD Trading strategy: standing aside 1.3750 was a strong barrier and limited gains yesterday and the Irish election and contagion concerns are favoring Read More
The worst chart since yesterday
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
Euro gains on Irish bailout
Quote of the day: The best way to keep loyalty in a man’s heart is to keep money in his purse. – Irish proverb EURUSD Trading strategy: looking to buy at 1.3700, stop at 1.3630, 1st objective at 1.3750, 2nd objective at 1.3850 The euro rose across the board after Ireland, IMF and the EU Read More
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