Quote of the day:“Always imitate the behavior of the winners when you lose.” – George Meredith Good morning. The euro starts the week under pressure before the Euro-zone summit, testing intraday support into the 1.4000-1.4050 region against the US dollar and remaining in free-fall mode against the CHF, reaching record lows on a daily basis. Read More
Bernanke’s QE3 On/Off Commentary Locking EURUSD in Range
Quote of the day:“Where all think alike, no one thinks very much.” - Walter Lippmann Good morning. The dollar recovered some losses as Bernanke backtracked on comments made about further stimulus on Wednesday when he said that QE3 could be an option in near term. Yesterday he told Congress that the Fed is not ready yet Read More
- Continue reading: Bernanke’s QE3 On/Off Commentary Locking EURUSD in Range
Dollar Under Pressure Ahead of Bernanke’s Testimony
Quote of the day: “A person always has two reasons for doing anything: a good reason and the real reason” – J.P. Morgan EURUSD – 1.3996 @06:40GMT Good morning, all. Euro’s decline has paused for now and former support region around 1.400 is forming resistance, which is being tested at time of writing. Well, it’s Read More
- Continue reading: Dollar Under Pressure Ahead of Bernanke’s Testimony
Tuesday Links 7/12/11
Today’s reading list: Is Currency Trading Worth the Risk? (WSJ) Credit Suisse: 5 Moves To Euro Endgame (Business Insider) Willem Buiter Says If ECB Does Not Intervene In Thursday’s Italian Bond Auction, It Will Likely Fail (zero hedge) Shanky’s Daily Stuff (Shanky’s Tech Blog) EU Pledges to Support Banks Failing Stress Tests, Rumored to Have Purchased Italian Government Bonds (Mish’s GETA) Read More
EURUSD Below Yearly Median Support
Quote of the day: “A man may well bring a horse to the water but he cannot make him drink.” - John Heywood Good morning. I am aware that not all of you are regular readers of posts in the Links category, so I’m letting you know that I can share some Google+ invitations with you. Read More
EURUSD Testing Key Trendline Support
Quote of the day: “Even if you’re on the right track, you’ll get run over if you just sit there.” – Will Rogers EURUSD – 1.4193 @06:30 GMT Good morning. As you can see, the site has been revamped and redesigned over the weekend and cleaned up a bit, I hope you enjoy the changes. Read More
EURUSD Up After ECB / Trichet, Calm Ahead of NFP
Quote of the day: “When you have an efficient government, you have a dictatorship.” - Harry S Truman EURUSD – 1.4348 @07:26 GMT Good morning. Euro is back to Wednesday’s levels after the ECB raised interest rates to 1.5% as expected, signaled and further hike is likely and more importantly – suspended the collateral rules for Read More
- Continue reading: EURUSD Up After ECB / Trichet, Calm Ahead of NFP
Pre-ECB Decision Links
more on today’s hottest topic, the ECB Interest Rate Decision: Trichet Fights a War on Two Fronts (Bloomberg) ECB to raise rates, play hardball on Greece (Reuters) Euro may lose drive after expected ECB rate hike (Reuters) ECB Could Hike Two Times This Year (CNBC) Signals to Expect From ECB’s Trichet (WSJ) Look away now: More Read More
EURUSD: ECB Interest Decision Day is Here
Quote of the day: “Those who cannot remember the past are condemned to repeat it.” - George Santayana EURUSD – 1.4342 @06:32 GMT Good morning. The big day for the euro is here, as the ECB is expected to raise interest rates by 25-bps to 1.5% a bit later today. Will it help the euro to Read More
- Continue reading: EURUSD: ECB Interest Decision Day is Here
Tuesday Links 7/05/11
Today’s links: PIMCO Sees An End To The Currency Wars (zero hedge) Greece Update: Will ECB accept temporary default? (Calculated Risk) Merkel rebuffs rating agencies on Greece (Forbes) 12 Pearls Of Genius From Warren Buffett’s Right-Hand Man (Business Insider) EURO Squeeze Remains Intact (Oanda) Germany falling out of love with Europe, think tank says (Reuters) Generations of Read More
EURUSD: Bullish Ahead of ECB Rate Hike
Quote of the day: “We can draw lessons from the past, but we cannot live in it.” - Lyndon B. Johnson EURUSD – 1.4470 @06:22 GMT Greetings. The 4-hrs chart reflects weakness as price is pulling back below $1.45 to retest support zone around 1.4450. Next support stands at 1.4400 and 1.4340/50 and the daily chart Read More
EURUSD Quick Comment and Few Setups to Start the Month With
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
EURUSD Testing Important Resistance at 1.45
Quote of the day: “When you win, say nothing. When you lose, say less.” - Paul Brown EURUSD – 1.4488 @06:37 GMT Good morning. Now that the Greek parliament approved the austerity measures, focus is back on the interest rates and the euro enjoys weekly highs ahead of July’s ECB rate hike, which is just around Read More
- Continue reading: EURUSD Testing Important Resistance at 1.45
Euro Recovers, but Still Vulnerable Ahead of Greek Austerity Vote
Quote of the day:“Truth, like surgery, may hurt, but it cures.” - Han Suyin EURUSD – 1.4275 @06:40 GMT Good morning. It seems there’s still optimism on Greek as the euro recovered almost 2 big figures yesterday. Or was it short covering in a corrective cycle? One thing is certain: there’s much pressure in the market Read More
- Continue reading: Euro Recovers, but Still Vulnerable Ahead of Greek Austerity Vote
Euro Under Pressure Ahead of Greek Vote on Austerity Measures
Quote of the day: “It is often merely for an excuse that we say things are impossible.” - Francois de La Rochefoucauld EURUSD – 1.4139 @06:33 GMT Good morning. Euro remains under pressure ahead of Greek vote on tough austerity measures and this month’s lows are providing the 1st level of support, backed by the 1.4000/50 Read More
- Continue reading: Euro Under Pressure Ahead of Greek Vote on Austerity Measures
Euro Recovered Some Losses but Remains Vulnerable
Quote of the day: “When a man tells you that he got rich through hard work, ask him: ‘Whose?’ ” - Don Marquis EURUSD – 1.4236 @06:45 GMT Good morning. There’s a nice daily pin bar formed yesterday on the daily charts, as the euro recovered on news that Greece agreed to a five-year austerity package with Read More
- Continue reading: Euro Recovered Some Losses but Remains Vulnerable
EURUSD Weakening Ahead of EU Ministers Meeting
Quote of the day: “To find a fault is easy; to do better may be difficult.” - Plutarch EURUSD – 1.4265 @07:12 GMT Good morning, everyone. The euro weakened after reaching a weekly high at 1.440, not far below last week’s top side which is an interim resistance, followed by a more important barrier into the Read More
- Continue reading: EURUSD Weakening Ahead of EU Ministers Meeting
EURUSD Holding Gains Ahead of FOMC Meeting
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
EURUSD Recovery In Progress, But Will It Last?
Quote of the day: “Prosperity is only an instrument to be used, not a deity to be worshipped.” - Calvin Coolidge EURUSD – 1.4357 @06:54 GMT Good morning. The euro continues to recover after finding support at $1.4200 yesterday and the 4-hrs chart looks slightly bullish now that 1.4300/30 is breached. In spite of recent bullish Read More
- Continue reading: EURUSD Recovery In Progress, But Will It Last?
Euro Resumes Decline on Delayed Emergency Loans to Greece
Quote of the day: “The policy of being too cautious is the greatest risk of all” - Jawaharlal Nehru EURUSD – 1.4209 @07:00 GMT Good morning. Friday’s recovery to $1.4335 was corrective and resistance formed by the 61.8% retrace value of last down leg from 1.4495 to 1.4075 is intact, therefore the downside remains favored as Read More
- Continue reading: Euro Resumes Decline on Delayed Emergency Loans to Greece
EURUSD Still Under Pressure After Testing Resistance at 1.4220
Quote of the day: “If you don’t make mistakes, you’re not working on hard enough problems. And that’s a big mistake.” - Frank Wilczek EURUSD – 1.4140 @08:02 GMT Good morning. Euro remains under pressure even though it managed to recover some ground yesterday after slipping below $1.41, resistance zone around 1.4220 being strong so far. Read More
- Continue reading: EURUSD Still Under Pressure After Testing Resistance at 1.4220
Euro Falls Further on Greek Crisis, 1.400 in Focus
Quote of the day: “Disbelief in magic can force a poor soul into believing in government and business.” - Tom Robbins EURUSD: 1.4140 @06:52 GMT Good morning. The euro continues to fall across the board as the Greek crisis intensifies, reaching lows below $1.41, after losing 300 points yesterday. Now that most interim support levels have Read More
- Continue reading: Euro Falls Further on Greek Crisis, 1.400 in Focus
Euro Resumes Slide Below $1.44
Quote of the day:“Concentration comes out of a combination of confidence and hunger.” - Arnold Palmer EURUSD – 1.4375 @07:02 GMT Good morning. The euro is under pressure after yesterday’s short-lived recovery near $1.45. A general strike is due in Greece, as the parliament meets to debate new austerity measures. Potential recoveries are likely to be Read More
EURUSD Recovering Some Ground, Remains Vulnerable on Greece Worries
Quote of the day:“Nothing is as simple as we hope it will be.” - Jim Horning EURUSD – 1.4429 @06:46 GMT Good morning. The euro recovered from 1.4330 where support was found but current recovery looks corrective and the pair may continue to fall on Greek worries. Intraday resistance is being tested at 1.4430/50 at time Read More
- Continue reading: EURUSD Recovering Some Ground, Remains Vulnerable on Greece Worries
EURUSD Finding Interim Support at 1.4330
Quote of the day: “There can be as much value in the blink of an eye as in months of rational analysis.” - Malcolm Gladwell EURUSD – 1.4350 @06:45 GMT Good morning. Support at 1.4330 formed by the half retrace value of 1.3970 to 1.4695 is being tested at time of writing as the euro’s decline Read More
- Continue reading: EURUSD Finding Interim Support at 1.4330
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