Quote of the day: “Where there is much light, the shadow is deep.” - Johann Wolfgang von Goethe EURUSD – 1.4844 @07:13 GMT Good morning. Surprisingly (or not), EURUSD is still trading into the range which holds for 5 days now. Both lower and upper range limits, at 1.4770 and 1.4870 respectively, have provided strong barriers on Read More
EURUSD – Consolidation Continues
Quote of the day: “The key issue for an investor is not necessarily to be able to predict that, but to be able to react quickly.” – Mohamed A. El-Erian EURUSD – 1.4838 @06:47 GMT Good morning. The EURUSD is still in range above 1.4770 support which is still valid after 3 days since it Read More
Dollar Strengthening On Bin Laden Death
Quote of the day: “Fighting terrorism is like being a goalkeeper. You can make a hundred brilliant saves but the only shot that people remember is the one that gets past you.” - Paul Wilkinson EURUSD – 1.4793 @07:32 GMT Good morning. The big news today is that bin Laden had been killed in Abbottabad, Pakistan by Read More
Sunday Links 01/5/11
Here is today’s good stuff from around the web: Danske Bank EURUSD Update (Danske Bank) Doug Casey: Precious Metals Vs. The USD (Zero Hedge) Two deficits, two austerities, and quantities matter (Interfluidity) Sony apologises for online data breach (Financial Times) THE BANKSTA INTeRNaTioNaLe (MAY DAY WeeKeND 2011) (Zero Hedge) Warren Buffett: There’s “No Question” The Dollar Will Read More
EURUSD Consolidating; Upside Favoured
Quote of the day: “Marriage is like a bank account. You put it in, you take it out, you lose interest.” – Irwin Corey EURUSD – 1.4835 @07:15 GMT Good morning. Intraday resistance at 1.4850 is being tested at time of writing and there are no clues to point downwards yet. I don’t know if Read More
USD Continues to Weaken; EURUSD Getting Closer to 1.50
Quote of the day:“You’ve achieved success in your field when you don’t know whether what you’re doing is work or play.” - Warren Beatty EURUSD – 1.4847 @07:07 GMT Good morning. The dollar continues to weaken, reaching fresh lows after yesterday Fed Bernanke’s press conference. The euro climbed to as high as 1.4880 earlier today, threatening 1.50 Read More
- Continue reading: USD Continues to Weaken; EURUSD Getting Closer to 1.50
Dollar Under Pressure Before Fed
Quote of the day: “There is no harm in being sometimes wrong – especially if one is promptly found out.” - John Maynard Keynes EURUSD – 1.4673 @07:18 GMT Hello. I hope you had a nice Easter weekend. The Economic Calendar is quite busy in the coming days and today’s Fed’s rate decision and statement is Read More
EURUSD Reaching Fresh Highs
Quote of the day: “Avoid having your ego so close to your position that when your position falls, your ego goes with it.” – Colin Powell EURUSD – 1.4615 @07:00 GMT Good morning. As commodities are reaching new record highs against the dollar, there’s only one way the EURUSD can go. Now that $1.45 has Read More
EURUSD Recovering Initial Losses
Quote of the day: “Hegel was right when he said that we learn from history that man can never learn anything from history.” - George Bernard Shaw EURUSD – 1.4418 @07:00 GMT Good morning. I was wrong yesterday expecting the interim/pivotal resistance at 1.4350 to hold and EUR to extend correction. It has already recovered most Read More
EURUSD Testing Short-term Support
Quote of the day: “I say luck is when an opportunity comes along, and you’re prepared for it.” - Denzel Washington EURUSD – 1.4377 @06:28 GMT Good morning. The euro starts the week under pressure, testing support into the 1.4350-1.4380 zone, extending Friday’s decline from 1.4500. My initial plan to buy on the break above 1.4500 Read More
EURUSD Still In Range
Quote of the day: “Hope is a waking dream.” – Aristotle EURUSD – 1.4470 @07:01 GMT Good morning. Range bound trading continues as the euro has failed to break above 1.4520 but found support after pulling back to 1.4380 amid European debt concern. Technically – bias is still to the upside and I’m still looking Read More
EURUSD – Market Back To Where It Was Yesterday
Quote of the day:“The truth is always a compound of two half- truths, and you never reach it, because there is always something more to say.” - Tom Stoppard EURUSD – 1.4511 @06:33 GMT Good morning. The market is back to where it was yesterday, despite the decline to 1.4410 where it found support. My plan Read More
- Continue reading: EURUSD – Market Back To Where It Was Yesterday
EURUSD Climbing Into the 1.45 Territory
Quote of the day: “Nothing is as far away as one minute ago.” - Jim Bishop EURUSD - 1.4507 @07:10 GMT Good morning. 1.45 is being breached as the euro continues to strengthen after pulling back from 1.4480 to 1.4380. Next upside barrier comes around 1.4600 and a potential break above the said level would open Read More
Tuesday Links 4/12/11
Today’s links: Reasons to Not Quit Trading (Forex Crunch) Fukushima Vs Chernobyl – Compare And Contrast (Zero Hedge) Grim Photos Show What A Level 7 Nuclear Disaster Did To Chernobyl (Business Insider) Dollar not Sick it’s Terminal (Oanda) Shanky’s Daily Stuff (Shanky’s Tech Blog) Money Problems That Never Seem To End: 25 Reasons To Be Absolutely Read More
EURUSD Pulling Back From Multi-Month High; Uptrend Intact
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
Monday Links 4/11/11
Today’s links: ECB Rate Hikes could Kill Greece, Ireland, Portugal, and even Spain! (Zero Hedge) Inside the Currency Boiler Rooms The Reformed Broker (The Reformed Broker) An Interesting Day (Along The Watchtower) Gordon Brown: I made a big mistake on banks (Telegraph) Laser gun tested on US Navy ship in Pacific Ocean (BBC) What’s Driving Gold? (The Big Read More
EURUSD Holding Gains Near 1.45
Quote of the day: “The greatest mistake you can make in life is to be continually fearing you will make one” - Elbert Hubbard EURUSD – 1.4454 @06:35 GMT Good morning. It’s the start of a new week and the main question is whether a correction is due in the coming days. If yes, then first support levels Read More
Sunday Links 4/10/11
Today’s links: Shut It Down? (Economic Collapse) Soros Speaks (Zero Hedge) Tool’s Lesson on Fibonacci: Think ’Laterally’ (Financial Philosopher) The Impact of Algorithmic Trading (Big Picture) ECB May Raise Rate to 1.5% in July as Trichet Fights Inflation (Bloomberg) Europe’s Rate Rise Signals End of Cheap-Money Era (WSJ) Perfect Storm For Gold & Silver – Silver Surges Read More
EURUSD Flirting With Resistance at 1.44
Quote of the day: “If I have lost confidence in myself, I have the universe against me.” - Ralph Waldo Emerson EURUSD – 1.4398 @06:55 GMT Good morning. The euro continues to advance against the dollar after ECB raised interest rates by a quarter percentage point to 1.25 per cent, as expected. The dollar is weaker across Read More
Mid-Week Setups to Watch 4/06/11
“Normal is nothing more than a cycle on a washing machine.” – Whoopi Goldberg Hello. As mentioned earlier today, I’m back to share some interesting charts. EURUSD As you all know – tomorrow is an important day, when the ECB is expected to raise rates for the first time since July 2008. The rate hike is Read More
Wednesday Links 4/06/11
Here’s the daily collection of links: My Daily Routine: Checks and Balances for a Successful Trading Session (No Brainer Trades) Brown Brothers FX Commentary: Fade Tightening Expectations (Zero Hedge) EURO gets Green Light to Advance Further (Oanda) Shanky’s Daily Stuff (Shanky’s Tech Blog) Portugal on verge of bailout (Credit Writedowns) Expected ECB rate hike on Thursday Read More
EURUSD Likely to Break Higher Ahead of ECB Rate Decision
Quote of the day: “The best way to destroy the capitalist system is to debauch the currency.” – Vladimir Lenin EURUSD – 1.4282 @07:05 GMT Good morning, everyone. We are one day closer to ECB’s rate decision and the euro is climbing higher as the dollar is losing ground across the board except USDJPY. Speaking Read More
- Continue reading: EURUSD Likely to Break Higher Ahead of ECB Rate Decision
Tuesday Links 4/05/11
Today’s links: John Taylor: Growing up with forex (Futures Magazine) A Global Tsunami, Courtesy of the Fed (Chris Martenson) Bernanke and PBoC pressurize EURO (Oanda) Five reasons the yen will strengthen (FT Alphaville) Euro Zone Risks Exodus of Weaklings (WSJ) ‘One in seven’ chance that nations will abandon euro (Telegraph) The Dollar Declining Means QE2 is Read More
EURUSD Trading in Narrow Range Below Recent Top
Quote of the day: “You must first have a lot of patience to learn to have patience.” - Stanislaw J. Lec EURUSD – 1.4177 @06:45 GMT Good morning. The pair trades in a narrow range ahead of ECB’s rate decision this Thursday but holds gains below recent top at 1.4270 and still above 1.4070-1.4130 where first Read More
- Continue reading: EURUSD Trading in Narrow Range Below Recent Top
Euro Up Ahead of ECB Rate Decision This Week
Quote of the day: “A mind too active is no mind at all.” - Theodore Roethke EURUSD – 1.4219 @07:09 GMT Good morning, traders. Upside remains under pressure as the EURUSD rallied after initially declining to 1.4060, following the NFP which came out above expectation – at 216k Vs. consensus of 190k. The unemployment rate dropped Read More
- Continue reading: Euro Up Ahead of ECB Rate Decision This Week
Pre NFP Links 4/01/11
Few things to read & watch, while waiting for the “big move”: Thoughts On Future Monetary Policy, As Rumors Kocherlakota Leaked Tomorrow’s NFP Number Mount (Zero Hedge) Trading the Non-Farm Payrolls (Baby Pips) Is April Employment Going to be a Lion or a Lamb? (Notes From Underground) Employment Situation Preview: More Jobs, but still Grim (Calculated Read More
EURUSD Quiet Ahead of NFP
Quote of the day: “The most dangerous untruths are truths moderately distorted.” - Georg Christoph Lichtenberg EURUSD – 1.4170 @07:15 GMT Good morning. It’s that Friday of the month we’ve been waiting for: the Nonfarm Payrolls Day; also the April Fools’ Day – coincidence, I know! Today’s NFP number is critical and should suggest whether Read More
Thursday Links 3/31/11
Today’s links: “Skunked”: Bill Gross On How “The U.S. Will Likely Default On Its Debt” (Zero Hedge) It’s Not Just Us… (Zero Hedge) Fed Releases Discount-Window Loan Records by Court Order (Bloomberg) Fed Releases Documents Detailing Which Banks Used The Emergency Discount Window During The Crisis (Business Insider) Eur/Usd Trade Analysis (Winners Edge Trading) Euro Escapes Read More
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