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
EURUSD Pushing Towards 1.42 Resistance Zone
Quote of the day: “Whenever I hear ‘It can’t be done’, I know I’m close to success.” - Michael Flatley EURUSD – 1.4175 @07:28 GMT Good morning. The euro gained Vs. the US dollar, breaking the resistance around 1.4150, providing an initial clue that uptrend has resumed. My plan to buy at current levels on the Read More
- Continue reading: EURUSD Pushing Towards 1.42 Resistance Zone
Mid-Week EUR Thoughts, Charts and Setups
“Europe has found itself confronted with fresh challenges – challenges of a global character, the nature of which is directly connected with changes in the international climate and the difficulties of seeking new models for co-operation.” - Boris Yeltsin Here’s a daily chart of EUR Index (euro against a basket of five major currencies: USD, GBP, Read More
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Wednesday Links 3/30/11
Hello. Here is today’s dose of readings. I’ll be back a bit later today to share some interesting charts, if time permits – not a promise, m`kay? To QE3 or Not to QE3? (Seeking Alpha) QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout (Business Insider) 19 Reasons Read More
EURUSD Still in Range Trading
Quote of the day: “If you cannot convince them, confuse them.” - Harry S Truman EURUSD – 1.4088 @05:55 GMT Good morning. The charts are quite confusing as rangebound trading continues, as seen on the hourly charts – while the daily charts are bullish and we have a key support into the 1.400-1.4030 region still valid. Read More
EURUSD Climbing Higher; Possible Bull Flag Formation
Quote of the day:“Humanity is acquiring all the right technology for all the wrong reasons.” - R. Buckminster Fuller EURUSD – 1.4136 @07:34 GMT Good morning. The market behaviour in the last days suggests a warning, as resistance around $1.42 was strong enough to halt the uptrend. But current recovery initiated around 1.4020/50 is shaping a Read More
- Continue reading: EURUSD Climbing Higher; Possible Bull Flag Formation
Monday Links 3/28/11
Today’s links: Goldman On Ireland And Paddy Paper: “Expect High Volatility” (Zero Hedge) Guest Post: Why The European Union Is Doomed (Zero Hedge) Euro May Extend Its Recent Decline, Commerzbank Says: Technical Analysis (Bloomberg) Euro Speculative Longs Increase Slightly (DailyFX) Euro economists expect Greek default (BBC) Short dollars does not support the EURO (Oanda Forex Blog) Read More
EURUSD Retesting Support Region
Quote of the day: “History doesn’t repeat itself, but it does rhyme” – Mark Twain EURUSD – 1.4047 @06:50 GMT Good morning. Support into the 1.400 region is back in focus as the euro pulled back from 1.42 once again. Both the daily and 4-hr charts are showing weakness and Thursday’s recovery from 1.4050 to Read More
Sunday Links 3/27/11
Today’s links: Charting The Week Ahead: Triple Divergence In EURUSD, Fib Support Holds In S&P, And More (Zero Hedge) Apprenticed Investor: The Folly of Forecasting (The Big Picture) Portugal crisis: The Eurovision singers giving voice to a nation’s anger (Telegraph) The GBP-CHF at Intermediate Term Trendline (FX Madness) Why Banks Shouldn’t Turn Back the Derivatives Read More
EURUSD Trades Lower; Portugal PM Socrates Resigns
Quote of the day: “A government that robs Peter to pay Paul can always depend on the support of Paul.” - George Bernard Shaw EURUSD – 1.4058 @07:43 GMT Good morning. The euro continues to trade lower as Portuguese Prime Minister Jose Socrates resigns after parliament rejected austerity budget. Support zone into the 1.4000-1.4050 region is quite Read More
- Continue reading: EURUSD Trades Lower; Portugal PM Socrates Resigns
EURUSD Under Pressure Ahead of Portugal Austerity Vote
Quote of the day:“There are times when it is best to be content with what one has, so as not to lose everything.” - Jose Saramago EURUSD – 1.4165 @07:59 GMT Good morning folks. The euro is under pressure today ahead of the EU Summit and Portugal Budget Vote, pulling back from yesterday’s top near 1.4250 Read More
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Tuesday Links 3/22/11
Today’s link round-up: Rise of the Machines: Check out these HFT Charts How Much Yen Did Japan Buy Last Friday? Long-Term Yen Charts Shanky’s Daily Stuff: EURUSD and SPX Straight Talk with John Rubino: The Damage Is Already Done With Gold Just 1% From Record Nominal High of $1,444/oz The Risk Of A Dollar Crisis Increases Read More
EURUSD Trades Higher; 1.4280 Under Pressure
Quote of the day:“You cannot teach a man anything. you can only help him to find it for himself” – Galileo Galilei EURUSD – 1.4235 @07:53 GMT Good morning. Trading was quiet yesterday but the euro holds gains and climbed higher against the US dollar, flirting with 1.4250 at time of writing, not far below Read More
- Continue reading: EURUSD Trades Higher; 1.4280 Under Pressure
Monday Links 3/21/11
Today’s reading list: Goldman’s FX Recommendation Recap In A Post BOJ-Intervention World Japanese Yen: G7 Intervention vs Laissez-faire Quelle Surprise! Geithner Gutting Dodd Frank via Intent to Exempt Foreign Exchange ‘Phantom giants’ will not save the eurozone Google Accuses Chinese of Blocking Gmail Service QE is the End of America as We Know It El-Erian On Read More
EURUSD Holding Gains Above 1.41; Next Barrier at 1.4280
Quote of the day: “The secret of patience is doing something else in the meanwhile” – Unknown Author EURUSD – 1.4170 @08:05 GMT Good morning. November’s 1.4280 is the next upside target as the euro surged to a fresh yearly high at $1.4185. My plan to buy at 1.3995 was good as the position reached almost Read More
- Continue reading: EURUSD Holding Gains Above 1.41; Next Barrier at 1.4280
Friday Links 3/18/11
Today’s links: Yentervention – G7 Style! (Ponzi Finance) UN Security Council Authorizes No-Fly Zone; Qaddafi Declares Cease-Fire, “Willing to Talk to Rebels”; Military Planning Continues; What’s Next? U.N. Votes to Do a Kosovo in Libya, Be Fearful When Politicians Dream of Rambo The G7 is Not Permanent Manna from Heaven! Goldman Raises EURUSD Target To 1.50; Read More
JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Quote of the day: “Endless money forms the sinews of war.” - Marcus Tullius Cicero EURUSD – 1.4086 @08:00 GMT Good morning. The euro is trading comfortably into the 1.4 region but the real show takes place elsewhere: the JPY charts on news that G-7 is intervening to weaken the Japanese yen. The EURJPY is up Read More
- Continue reading: JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
EURUSD Range Still Intact
Quote of the day: “The release of atomic energy has not created a new problem. It has merely made more urgent the necessity of solving an existing one.” – Albert Einstein EURUSD – 1.3948 @07:16 GMT Good morning. The euro remains rangebound against the US dollar, trading into the 150-pip range of 1.3850 to 1.400. Read More
EURUSD Retesting 1.40
Quote of the day: “If you don’t risk anything you risk, you risk even more.” - Erica Jong EURUSD – 1.3977 @08:19 GMT Good morning. $1.40 was again under pressure yesterday and earlier today as the euro surged from 1.3850 where it found support. Resistance around 1.400 is still intact after several testes this week and Read More
EURUSD Pulling Back From 1.40 Amid Risk Aversion
Quote of the day: “The only way not to think about money is to have a great deal of it.” - Edith Wharton EURUSD – 1.3913 @07:48 GMT Good morning. The markets are nervous and Nikkei closes down 10% on worries about Japan’s nuclear crisis. The euro fell to as low as $1.3892 from $1.40 following EUR/JPY, Read More
- Continue reading: EURUSD Pulling Back From 1.40 Amid Risk Aversion
Monday Links 3/14/11
Hello. Here’s some links to start the week with. Ways to Help Japan How Japan’s economy will eventually rebound Presenting The Countries Most Exposed To A Nuclear Backlash Radioactive Releases in Japan Could Last Months; Yen Reversal Satellite Photos – Japan Before and After Tsunami – Interactive Feature What will the effect of the Earthquake and Tsunami Read More
EURUSD Resuming Uptrend
Quote of the day: “Adversity is the foundation of virtue” – Japanese Proverb To readers in Japan: I’m hoping for your safety and recovery after the terrible disaster. EURUSD – 1.3928 @08:07 GMT The euro has switched direction, bouncing off support at 1.3750 on Friday. $1.40 is again in focus and near-term sentiment turned bullish, Read More
Euro Zone Leaders Meeting Today – EURUSD Under Pressure
Quote of the day: “It is not enough to aim; you must hit.” – Italian Proverb EURUSD – 1.3800 @07:46 GMT Good morning. Weakness is still favored as 1.3850 provides resistance now and decent recovery signs are not visible at time of writing. Intra-day studies remain will remain bearish as long as upside pullbacks will Read More
- Continue reading: Euro Zone Leaders Meeting Today – EURUSD Under Pressure
EURUSD 1.3850 Support Broken Ahead of Eurozone Meeting this Friday
Quote of the day: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill EURUSD – 1.3825 @07:55 GMT Good morning, everyone. Euro’s failed attempt to hold recent gains above the trendline connecting the higher lows of last 3 weeks provides a sound reason to sell, Read More
- Continue reading: EURUSD 1.3850 Support Broken Ahead of Eurozone Meeting this Friday
Wednesday Links 3/09/11
Hello. Here’s some links for today. Enjoy The Dollar Index: Getting Very Specific on the Technicals Insight from Japan: Why Deflation can be GOOD Guest Post: Currency Wars: Flash Points in the ‘Age of Rage’ THE IDIOT-MAKER RALLY: Two Years Of Making Gurus Look Stupid European Gasoline Hits All Time Record Of $8.632 Per Gallon Read More
EURUSD Holding Above Trendline Support
Quote of the day:“Gambling promises the poor what property performs for the rich–something for nothing.” - George Bernard Shaws EURUSD – 1.3896 @07:42 GMT Morning. Euro’s pullback continued, touching a daily low at 1.3862 yesterday – not far above my planned entry price at 1.3850. As mentioned yesterday – I remain bullish on EURUSD on both Read More
Guest Post: Q2 2011 Predictions for the Forex Market
Submitted by Sara Patterson from DailyForex.com Disclaimer: The author’s views are entirely his or her own and may not reflect the views of innerfx.com With the second quarter rapidly approaching, now is a good time forecast what is likely to happen in the Forex markets in Q2 2011. There are far too many people that lose Read More
- Continue reading: Guest Post: Q2 2011 Predictions for the Forex Market
EURUSD Entering a Corrective Phase?
Quote of the day: “Fortune favors the brave.” – Virgil EURUSD Good morning. The euro seems vulnerable today, after pulling back from yesterday’s 1.4030. Intra-day support around 1.3950 is being tested while writing this and if it fails to hold – next support comes at 1.3850 and 1.3780 a bit lower. On the daily charts Read More
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