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Posted by Liviu on February 3, 2012 – 7:59AM GMT - Leave your thoughts
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s Read More
- Continue reading: NFP Report Keeps Market Quiet
Tags: AUDJPY, Australian Dollar, breakout trading, British Pound, Dollar, EURUSD, GBPUSD, Japanese Yen, Moving Averages, New Zealand Dollar, NFP, non-farm payrolls, NZDUSD, Silver, unemployment, usd index
Posted by Liviu on February 2, 2012 – 8:10AM GMT - Leave your thoughts
The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things Read More
- Continue reading: Dollar Loses Ground Ahead of Tomorrow’s NFP
Tags: AUDJPY, AUDNZD, Australian Dollar, breakout trading, British Pound, Dollar, EURGBP, Euro, EURUSD, GBPUSD, Japanese Yen, New Zealand Dollar, NFP, Silver, unemployment, usd index
Posted by Liviu on January 23, 2012 – 8:08AM GMT - 1 Comment
It’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: USD Index EURUSD 4hrs chart still looks bullish as current decline could be Read More
- Continue reading: Euro Starts the Week Lower, Testing Support Zone
Tags: AUDJPY, Australian Dollar, breakout trading, British Pound, COT, Dollar, EURAUD, Euro, EURUSD, GBPUSD, Japanese Yen, Silver, usd index
Posted by Liviu on November 24, 2011 – 7:44AM GMT - 9 Comments
The quantity of civilization is measured by the quality of imagination. ~ Victor Hugo Good morning. Next trading sessions are likely to be quiet due to Thanksgiving holiday – or, who knows? perhaps the euro finally has a chance to recover some ground on today’s data coming from Germany: GDP and Ifo Index EURUSD First intraday Read More
- Continue reading: Euro Recovers Ahead of Quiet Sessions
Tags: breakout trading, British Pound, Canadian Dollar, Dollar, Euro, EURUSD, fibonacci, GBPCHF, GBPUSD, Germany, Silver, USDCAD
Posted by Liviu on November 23, 2011 – 8:00AM GMT - 7 Comments
Mix a little foolishness with your prudence: It’s good to be silly at the right moment. ~ Horace Good morning. The euro continues to lose ground as all recent rallies have been sold. However, support around 1.3430 is still valid but the pair certainly feels quite heavy, so it seems that it’s only a matter of Read More
- Continue reading: Midweek Risk-Off Charts to Watch
Tags: AUDJPY, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, Euro, EURUSD, fibonacci, GBPCHF, GBPUSD, Japanese Yen, Silver, SPX, Swiss Franc, usd index, USDCAD
Posted by Liviu on November 21, 2011 – 8:06AM GMT - Leave your thoughts
Quote of the day:“Be wiser than other people, if you can, but do not tell them so.” ~ Lord Chesterfield Good morning. Dollar holds onto gains as euro’s rally on Friday was short lived and sellers rushed in when price reached $1.3600/15, not far below $1.3650 – the barrier highlighted in my previous post. Dollar Index Read More
- Continue reading: Euro Starts the Week Lower; Dollar Extends Friday Recovery
Tags: AUDUSD, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Euro, EURUSD, GBPUSD, Silver, usd index, USDCAD
Posted by Liviu on November 17, 2011 – 8:23AM GMT - Leave your thoughts
Quote of the day: “Statistics: The only science that enables different experts using the same figures to draw different conclusions.” ~ Evan Esar Good morning. Euro remains weak across the board although it bounced off support near 1.3400. The recovery is modest, so I believe that best thing to do is still to sell into strength. Read More
- Continue reading: Euro, AUD, Cable Testing Support
Tags: AUDUSD, Australian Dollar, British Pound, Canadian Dollar, Dollar, Euro, EURUSD, GBPUSD, Silver
Posted by Liviu on November 16, 2011 – 7:56AM GMT - 1 Comment
Quote of the day: “Ability will never catch up with the demand for it.” ~ Malcolm Forbes Good morning. The euro is in free fall testing bids near 1.3400 in risk-off trade. The dollar is recovering against its majors and there are some fresh breakouts to watch these days. EURUSD Last move towards 1.3850 where price Read More
- Continue reading: Risk-Off Trade Continues, Euro in Free Fall
Tags: AUDJPY, AUDUSD, Australian Dollar, British Pound, Canadian Dollar, Dollar, Euro, EURUSD, GBPCHF, GBPUSD, Japanese Yen, Swiss Franc, USDCAD
Posted by Liviu on November 14, 2011 – 8:20AM GMT - 1 Comment
Quote of the day: “Depend not on fortune, but on conduct.” ~ Publilius Syrus Good morning. Contrary to my expectations – the dollar lost ground on Friday on hopes that the new leadership in Greece and Italy will help their countries and the Euro-zone, respectively, to avoid a financial disaster. EURUSD As we can see in Read More
- Continue reading: Euro Recovers, Remains Vulnerable
Tags: bear flags, breakout trading, British Pound, bull flag formation, Dollar, Euro, Euro-zone crisis, EURUSD, GBPCHF, GBPUSD, Greece, Italy, SNB, Swiss Franc
Posted by Liviu on November 11, 2011 – 8:22AM GMT - 1 Comment
Quote of the day: “It is hard to fight an enemy who has outposts in your head.” ~ Sally Kempton Good morning. The dollar pulled back across the board but remains bullish against some of its major counterparts such as EUR, GBP, AUD etc. Today’s Calendar is lighter if we don’t count the imminent end of the Read More
- Continue reading: Euro in Correction Mode, Remains Bearish
Tags: AUDJPY, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, EURAUD, Euro, EURUSD, GBPUSD, USDCAD
Posted by Liviu on November 10, 2011 – 8:01AM GMT - 1 Comment
Quote of the day:“The ability to delude yourself may be an important survival tool.” ~ Jane Wagner Good morning. The euro has finally exited the consolidation range within the bear flag formation – as noted in my previous article. Current weakness is caused by the fear spreading to Italy in the widening debt crisis, as the Read More
- Continue reading: Bear Flag Broken – Euro Resumes Downtrend; All Eyes on Italy
Tags: Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, EURAUD, Euro, Euro-zone crisis, EURUSD, GBPUSD, Italy, USDCAD
Posted by Liviu on November 4, 2011 – 8:11AM GMT - 1 Comment
Quote of the day:“A sailor without a destination cannot hope for a favorable wind.” ~ Leon Tec Good morning. The market remains rather choppy as rumours and surprises have been the main drivers this week, so it’s not easy to find charts that don’t look the same these days. The euro trades higher across the board Read More
- Continue reading: Markets Awaiting Non-Farm Payrolls
Tags: Australian Dollar, bailouts, breakout trading, British Pound, Canadian Dollar, Dollar, ECB, EURAUD, EURUSD, G20, GBPUSD, Greece, Interest Rate Decision, Mario Draghi, NFP, non-farm payrolls, unemployment, USDCAD
Posted by Liviu on November 3, 2011 – 8:07AM GMT - Leave your thoughts
Quote of the day: “The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.” ~ Lawrence Summers Good morning. The euro is back below $1.3700 Read More
- Continue reading: Euro Down Ahead of ECB Meeting
Tags: AUDCAD, AUDNZD, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, ECB, Euro-zone crisis, EURUSD, G20, GBPUSD, Greece, Interest Rate Decision, New Zealand Dollar, USDCAD
Posted by Liviu on November 1, 2011 – 8:07AM GMT - 4 Comments
Quote of the day: “Everyone is born with genius, but most people only keep it a few minutes.” ~ Edgard Varese Good morning. Dollar is advancing higher while the euro, Aussie dollar and others are pulling back in risk-off trade as Italian bonds came under renewed pressure yesterday. The euro is already trading well below last Read More
- Continue reading: Risk-Off Trade Returns
Tags: AUDUSD, Australian Dollar, British Pound, Dollar, EU Summit, Euro, Euro-zone crisis, EURUSD, GBPUSD, Greece, Interest Rate Decision, Italy, NFP, RBA, usd index
Posted by Liviu on October 13, 2011 – 7:26AM GMT - 1 Comment
Quote of the day:“If you can’t do what you want, do what you can.” ~ Lois McMaster Bujold Good morning. It’s been a volatile day in the markets yesterday as the dollar continues to lose ground against its most counterparts. The setups discussed yesterday played out nicely – but let’s see what story are the charts Read More
- Continue reading: Risk-On Trade Continues, Breakouts All Over the Charts
Tags: AUDJPY, AUDNZD, AUDUSD, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, Euro, EURUSD, GBPUSD, Japanese Yen, New Zealand Dollar, USDCAD
Posted by Liviu on October 12, 2011 – 6:40AM GMT - 6 Comments
Quote of the day: “When the water reaches the upper level, follow the rats.” ~ Claude Swanson Good morning. The euro still holds gains trading in a narrow range a few points below Monday’s top near $1.3700. Overall short-term sentiment is bullish as long as the pair holds above 1.3500. Recent intraday pullbacks towards 1.3575/00 have Read More
- Continue reading: Euro Holding Gains Below Interim Resistance
Tags: AUDUSD, Australian Dollar, British Pound, Dollar, Euro, EURUSD, FOMC, GBPUSD, Trichet
Posted by Liviu on October 11, 2011 – 7:30AM GMT - Leave your thoughts
Quote of the day:“The inability to predict outliers implies the inability to predict the course of history” ~ Nassim Nicholas Taleb Good morning. The euro enjoys a rebound as a result of world markets starting the week strong after France and Germany pledged to deliver a plan to support the banking sector. Trichet’s speech is Read More
- Continue reading: Risk-On Game Continues
Tags: Angela Merkel, AUDUSD, Australian Dollar, breakout trading, British Pound, Canadian Dollar, Dollar, Euro-zone crisis, EURUSD, France, GBPUSD, Germany, Sarkozy, Trichet, usd index, USDCAD
Posted by Liviu on October 10, 2011 – 5:56AM GMT - 4 Comments
Quote of the day: “There’s no sense in being precise when you don’t even know what you’re talking about.” ~ John von Neumann Good morning. The euro is climbing towards Friday’s top as the leaders of France and Germany said they have reached an agreement on strengthening Europe’s banking sector – and the European leaders Read More
- Continue reading: Euro Resumes Correction as Merkel, Sarkozy Reach Agreement
Tags: Angela Merkel, AUDUSD, Australian Dollar, breakout trading, British Pound, Canadian Dollar, COT, debt, Dollar, Euro, Euro-zone crisis, EURUSD, GBPUSD, Sarkozy, usd index, USDCAD
Posted by Liviu on September 29, 2011 – 6:59AM GMT - 8 Comments
Quote of the day: “Nothing great was ever created by waiting around for someone to tell you it’s all going to be okay or for perfect information to drop from the sky” ~ Jonathan Fields Good morning. The markets pulled back yesterday in risk-off trade but the euro is currently recovering ahead of German lawmakers vote on Read More
- Continue reading: Euro Recovering Ahead of German Vote; Markets Under Pressure After Another Sell-Off
Tags: AUDNZD, AUDUSD, Australian Dollar, bailouts, breakout trading, British Pound, Euro, EURUSD, GBPUSD, Germany, Greece, New Zealand Dollar
Posted by Liviu on August 25, 2011 – 7:03AM GMT - 1 Comment
Quote of the day:“The trouble with our times is that the future is not what it used to be” ~ Paul Valery Good morning. Most currency pairs, such as EURUSD, are still ranging, while most eyes are on precious metals which are retreating from recent top zones. Cable is moving nicely after providing us several clues that Read More
- Continue reading: Cable Breaking Lower; Metals Retreating; Euro Testing Resistance
Tags: AUDUSD, EURCHF, EURUSD, GBPUSD, Gold
Posted by Liviu on August 24, 2011 – 7:12AM GMT - Leave your thoughts
Quote of the day:“The trouble with facts is that there are so many of them.” ~ Samuel McChord Crothers Good morning. There are whipsaws everywhere in the EURUSD charts (hourly, 4-hrs, daily) as the pair continues to push towards 1.45 but finds resistance in the 1.4450-1.4500 region. Selling on rallies is still a viable option and Read More
- Continue reading: Euro Keeps Pushing But Is Facing Resistance
Tags: British Pound, CHFJPY, Dollar, Euro, EURUSD, GBPUSD, Japanese Yen, Swiss Franc, USDCHF
Posted by Liviu on August 23, 2011 – 4:52AM GMT - Leave your thoughts
Quote of the day:“Mistakes are the portals of discovery.” ~ James Joyce Good morning. Most charts are little change from yesterday, with EURUSD staying in the range of 1.4350-1.4430. Selling on rallies towards 1.4450 has been one of the best things to do lately and right now there’s no clue that we’re going to see Read More
- Continue reading: Gold at New Record While Most Currencies Are Looking for Directions
Tags: AUDUSD, Australian Dollar, British Pound, Dollar, Euro, EURUSD, GBPUSD, Gold, Silver, Swiss Franc, USDCHF
Posted by Liviu on August 21, 2011 – 6:39PM GMT - 5 Comments
Let’s see what this week brings and whether there might be some interesting trade setups developing I’ll start with the EURUSD, which is the most popular currency pair. As you can see, the pair is still into a relatively narrow range since topping at $1.49. But why? and here is the answer: Riiight! Notice how Read More
- Continue reading: Charting the Week Ahead 8/21/11
Tags: Bernanke, breakout trading, British Pound, COT, Dollar, Earthquake, Euro, Euro-zone crisis, EURUSD, Fukushima Nuclear Plant, GBPUSD, Japan, Japanese Yen, Trichet, USDJPY
Posted by Liviu on August 11, 2011 – 7:14AM GMT - 1 Comment
Quote of the day: “It is better to offer no excuse than a bad one. ” ~ George Washington Good morning. Markets remain under massive pressure as the European bourses got crushed yesterday on rumours that France is losing its AAA rating and that the French bank Société Générale had sought an emergency meeting with President Sarkozy – Read More
- Continue reading: Rumours and Correlations – a Lethal Combination
Tags: AUDUSD, correlation, EURAUD, EURCHF, EURUSD, France, GBPUSD, Italy, rating agencies, rumours, S&P, Société Générale
Posted by Liviu on August 9, 2011 – 5:53AM GMT - 1 Comment
Quote of the day:“Nothing is more admirable than the fortitude with which millionaires tolerate the disadvantages of their wealth.” - Rex Stout Good morning. Unless you’ve been on a holiday until.. now!? and you didn’t have TV, Internet, newspapers or people talking around – you can’t really have escaped the fact that the global markets are Read More
- Continue reading: Markets Taking a Breath Ahead of FOMC
Tags: AUDUSD, Bernanke, EURUSD, FOMC, GBPUSD, QE3, quantitative easing
Posted by Liviu on August 8, 2011 – 7:09AM GMT - Leave your thoughts
Quote of the day: “It is not enough to have a good mind. The main thing is to use it well.” ~ Rene Descartes Good morning. Dollar is losing ground after S&P downgraded the U.S. credit rating to AA+, but managed to fill the opening gap against the EUR, which is currently trading into mid 1.43, Read More
- Continue reading: Dollar Retreating After S&P Downgrade; EUR Up as ECB Pledges to Buy More Bonds
Tags: EURUSD, GBPUSD, rating agencies, S&P, usd index
Posted by Liviu on July 14, 2011 – 7:06AM GMT - 3 Comments
Quote of the day: “Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again.” - John Maynard Keynes Good morning. The sun is up and so is the euro and a basket of other currencies, including the Read More
- Continue reading: Dollar Hammered on Bernanke’s Testimony, QE3 On The Table
Tags: Bernanke, debt, default, EURUSD, GBPUSD, Gold, Greece, Keynesian economics, QE3, quantitative easing, rating agencies, Silver
Posted by Liviu on July 13, 2011 – 6:55AM GMT - 5 Comments
Here’s a daily chart of Cable: As you can see in the daily chart above, we have a nice reversal candle formed yesterday, closing just a few points below former support at 1.5950. I think that a break above this level in the next sessions would be a good buying opportunity with an initial target Read More
- Continue reading: Nice GBPUSD Setup, Suggesting a Rebound
Tags: breakout trading, GBPUSD
Posted by Liviu on July 5, 2011 – 6:42AM GMT - 1 Comment
Some charts that might be of interest: EURGBP EURGBP 4hrs chart 7-5-2011 GBPUSD GBPUSD daily chart 7-5-2011
- Continue reading: A Few Setups 05/7/11
Tags: AUDCAD, breakout trading, CHFJPY, EURGBP, GBPUSD
Posted by Liviu on July 1, 2011 – 6:42AM GMT - Leave your thoughts
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
Tags: CHFJPY, ECB, EURCHF, EURUSD, GBPUSD, Interest Rate Decision, USDCAD