Differences challenge assumptions. ~ Anne Wilson Schaef Good morning folks. Not much is changed since yesterday across the charts, as EUR maintains a bid tone for now – but there’s a good change that current recovery is only a (much needed) correction. Hourly charts already show signs of exhaustion, but more notable resistance is a bit Read More
- Continue reading: Dollar Pulls Back After Strong Rally, Euro Recovers but Remains Under Pressure
Whatever begins, also ends. ~ Seneca Good morning. Euro opened lower today as fear of Greece leaving euro-zone grows. Dollar trades higher against most counterparts and the dollar index is testing March’s top, as seen below USD Index S&P500 There’s no sign of relief yet and I, for one, remain bearish until price returs above Read More
Mistakes are a fact of life. It is the response to error that counts. ~ Nikki Giovanni Good morning. Euro and other risk-sensitive pairs are under pressure, extending decline while the dollar is trading comfortably above 80 Dollar Index Horizontal resistance around 80 has been breached and uptrend doesn’t seem to run out of steam yet. Read More
Those who will play with cats must expect to be scratched. ~ Cervantes Good morning. Dollar holds onto gains as EUR breached below $1.300 and is currently struggling to recover, but it’s likely that rallies will be short-lived. US trade balance and Bernanke’s speech are today’s most important events. USD Index Resistance around 80 is under Read More
- Continue reading: EUR Under Pressure, Below Former Support
Many of life’s failures are people who did not realize how close they were to success when they gave up. ~ Thomas Edison Good morning. All eyes are again on Greece, where political leaders are meeting again to form a new government. Current sell-off is also caused by the French election. With the euro down around $1.300 Read More
- Continue reading: EUR: 1.30 Support Under Pressure in Risk-Off Trade Following Election Results
Trust your own instinct. Your mistakes might as well be your own, instead of someone else’s. ~ Billy Wilder Good morning. Euro is testing the downside ahead of ECB interest rate decision on best that ECB will hint of further stimulus measures. USD Index Dollar bounced off horizontal support and is retesting former support. Next barrier Read More
Greed is a fat demon with a small mouth and whatever you feed it is never enough. ~ Janwillem van de Wetering Good morning. Euro holds onto gains above $1.32 after it recovered on Friday from $1.3150 lows. All eyes are on Spain today, as the Spanish government holds a media briefing to explain austerity steps. Read More
There’s only one corner of the universe you can be certain of improving, and that’s your own self. ~ Aldous Huxley Good morning. Stocks gained in the last two days, hence risk pairs are getting some relief and the dollar is weakening. USD Index Resistance around 80 stayed intact after a few tests and it seems Read More
Shallow men believe in luck. Strong men believe in cause and effect. ~ Ralph Waldo Emerson Good morning. Risk pairs continue to plunge following stock indices. The dollar index holds onto gains not far below interim resistance at 80 USD Index EURUSD Euro looks rather fragile on the daily chart, but maybe it’s worth looking for Read More
You may occasionally give out, but never give up. ~ Dan Zadra Good morning. The dollar trades lower after Friday’s decline, as the euro tested resistance near $1.3200. USD Index The dollar index looks quite bearish on intraday basis, now that support at 80 has been breached. However, there’s still a good chance that this movement Read More
No one would ever have crossed the ocean if he or she could have gotten off the ship in a storm. ~ Charles Kettering Good morning. Dollar pulled back yesterday against its main counterparts and the question now is whether the move is corrective. USD Index Former resistance is currently providing support at 80. Uptrend is Read More
- Continue reading: US Dollar Pulls Back; Charts to End the Week
What we see depends mainly on what we look for. ~ John Lubbock Good morning. Dollar rallied across the board, breaking above recent top as Fed did not suggest further quantitative easing. Euro breached support at 1.3100, trading around 1.3040 at time of writing. USD Index The sign of a breakout was quite clear after Friday’s Read More
We fail far more often by timidity than by over daring. ~ David Gayson Good morning. The euro declined on Friday’s post NFP market reaction and Greek debt swap. Greece is again in focus as eurozone finance ministers meet today to discuss Greece’s second bailout final approval. Other important events on this week’s economic calendar are: Read More
I am always doing that which I can not do, in order that I may learn how to do it. ~ Pablo Picasso Good morning. Dollar recovered yesterday as Ben Bernanke didn’t hint that he’s picking the easing baton from ECB – which pumps extra 530 billion euros into the financial system through LTRO funding. Read More
- Continue reading: Dollar Bounced Off Support; EUR and Metals Sold Off
Sometimes the questions are complicated and the answers are simple. ~ Dr. Seuss Good morning. The euro is consolidating gains near $1.3500 ahead of ECB cash injection of 500 billion euros according to expectations. Other important events on today’s economic calendar are the US GDP data and Bernanke’s testimony. Let’s see what are some of the Read More
We forfeit three-fourths of ourselves in order to be like other people. ~ Arthur Schopenhauer Good morning. Dollar drops further while EUR holds onto gains against important counterparts. Last week has been quite interesting and there have been some large moves, so it’s worth keeping an eye on some of them because things may get even Read More
Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. Read More
“Buy when there’s blood in the streets, even if the blood is your own.” ~ Baron Rothschild Good morning. Euro recovered today as Greece passed austerity vote, at the cost of extreme violence and riots in Athens. Hence the dollar is trading lower, around Friday’s opening price. USD Index Dollar opened lower today, erasing Friday’s Read More
- Continue reading: Dollar Down in Risk-On Trade Following Greece Austerity Vote
While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $1.3300 as Asian stocks declined today. US Trade balance and Bernanke’s speech are today’s most important events in the economic calendar USD Index it’s Read More
- Continue reading: Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows
Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied Read More
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Read More
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
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
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
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
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
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
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
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
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
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.
