Quote of the day: “Whenever people agree with me I always feel I must be wrong.” ~ Oscar Wilde Good morning. Several reversal signals can be found across the charts today as the dollar is pulling back against most counterparts. Let’s see which are the best charts to watch right now. Similar setups to these below Read More
- Continue reading: Dollar Pulling Back: Several Reversal Patterns Are Seen
Quote of the day: “Free advice is worth the price.” ~ Robert Half Good morning. Things are getting uglier for the euro on more sovereign default worries. European and IMF experts return to Athens this week for a fiscal audit in order to decide whether Greece can dodge default. German Ifo Business Climate is the main Read More
- Continue reading: Euro Remains Heavy on More Greek Default Fears
Quote of the day: “Never try to tell everything you know. It may take too short a time.” ~ Norman Ford Good morning. EURUSD holds near medium term support layer around 1.400 but so far it fails to provide clues about a potential recovery, therefore looking for new selling opportunities is one thing to consider. Markets are Read More
- Continue reading: Markets Quiet Ahead of ECB, Bernanke and Obama Speech
Quote of the day:“Intuition isn’t the enemy, but the ally, of reason.” ~ John Kord Lagemann Good morning. I took a day off yesterday but now I’m back in business. World markets fall after weak US employment numbers and the dollar is strengthening against some of its counterparts, except for CHF which is recovering recent losses Read More
- Continue reading: EURUSD Testing Key Support Zone, Gold and Silver Strengthening
I recently stumbled across this nice Infographic, which is pretty much in line with what we do: trading, money, currencies etc. Click for full size infographic (below is only a crop) Infographic Source: Flowtown
- Continue reading: Money and Transactions: Past, Present and Future (Infographic)
Quote of the day:“The beginning of knowledge is the discovery of something we do not understand.” ~ Frank Herbert Good morning. The euro backed away from a fresh multi-week top zone above $1.45 and has slipped back to support region formed by the rising trendline connecting recent higher lows – best seen in the 4-hrs chart Read More
Quote of the day: “There’s always somebody who is paid too much, and taxed too little – and it’s always somebody else.” ~ Cullen Hightower Good morning. The dollar continues to deteriorate against some of its major counterparts, such as euro which is currently changing hands above $1.4500. Next interim resistance stands at 1.4580/00, followed by Read More
Quote of the day: “We are never deceived; we deceive ourselves” ~ Johann Wolfgang von Goethe Good morning. The big day is here as all eyes are on Bernanke at the Jackson Hole later today. Everyone is wondering whether he will hint of a third round of quantitative easing or similar measures. Except a few currency Read More
- Continue reading: Markets Waiting for Jackson Hole Comments
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
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
Here are today’s recommended articles: How Linux mastered Wall Street (ITworld) Gold-standard debate back, 40 years after Nixon (MarketWatch) ECB is euroland’s last hope as bail-out machinery fails to resolve crisis (Telegraph) Germany, France Slide Toward Recession; German Economy on Verge of Contraction (Mish’s GETA) We Don’t Have A Long-Term Deficit Problem (The New Republic) Did George W. Bush cause this Read More
Quote of the day: “Real stupidity beats artificial intelligence every time.” ~ Terry Pratchett Good morning. Global markets recovered yesterday and the risk sensitive currencies followed, but the best performers were the CHF crosses, such as EURCHF which rallied over 6 big figures after SNB’s Jordan said that they are considering a temporary peg of Read More
- Continue reading: Swiss Franc Retreats; Euro Under Pressure
Hello. Stocks and many currencies are in free-fall, Gold – that thing Bernanke called “not money” – is changing hands at over $1,700 as the markets are, again, out of control. Here are some charts you should keep an eye on: S&P 500 – As you can see in the chart below, we are retesting support Read More
- Continue reading: Charts of Interest: Falling Markets 8/08/11
Greetings folks, loads of interesting articles today: Swede held for building nuclear reactor in his kitchen (The Local) Europe’s money markets freeze as crisis escalates in Italy and Spain (Telegraph) SNB Intervenes To Lower “Massively Overvalued” Franc, Leaves Gold As Only “Safe Haven” Currency (ZeroHedge) Swiss National Bank Intervention Epic Fail #2 (ZeroHedge) Are they Alone? (Macro Man) Drunken Ben Bernanke Read More
What to read today: Which Is in Worse Shape, U.S. or Europe? (NY Times) Japanese Yen And Its Implication For US Dollar (Business Insider) Trojan Asteroid Discovered Stalking Earth (Discovery News) This Country Defaulted Long Ago (Financial Sense) Goldman Sachs Traders Quitting The Bank In Droves (Business Insider) Team Obama Fiddles While Debt Ceiling Fires Burn (naked capitalism) Gold’s not as stretched as Read More
Hello. I just found out about this movie – Margin Call, and can’t wait to see it. Judging from the cast and trailer, it looks really good. Trailer below (h/t Ritholtz) Here’s a collection of interesting readings: A Thousand Pictures Is Worth One Word: Worthless (ZeroHedge) Debt Ceiling: Unaccountable Credit Ratings Agencies Go Rogue (The Daily Beast) Read More
Hello. As the debt ceiling debate is the hot topic these days, most articles below are related to it. Please share other links if you’ve read anything interesting on the debt ceiling issue. More Debt for Your Money (Daily Reckoning) Road Map To Ruin (ZeroHedge) Flee to Mars if America commits worst error since 1931 (Telegraph Blogs) The Swiss Read More
Good stuff to read today: The Kabuki theatre of America’s Debt Ceiling (Telegraph Blogs) Goldman On The Various Deficit Reduction/Debt Ceiling Plans And Immediate Next Steps (ZeroHedge) The US debt ceiling: What if the talks fail? (The Economist) The extraordinary experiment of a chimp raised as a human child (Mail Online) Norway attacks: Anders Behring Breivik appears insane, says Read More
Hello folks. Here’s a daily dose of links: The magnificent strength of the euro (Telegraph Blogs) Pressure Mounts on Greece Meeting (WSJ) Only Germany can save EMU as contagion turns systemic (Telegraph) British Leader Defends His Actions in Hacking Case (NY TImes) Gold To Rise On $14.3 Trillion U.S. Debt Limit Increase – Bloomberg Chart of the Day (zero hedge) Read More
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
Today’s interesting stuff from around the web Bernanke: No Plans ’At This Time’ for Bond Purchases (Bloomberg) General Marshall on the Aegean (Project Syndicate) Shanky’s Daily Charts and Commentary (Shanky’s Tech Blog) Gambler or Investor? The Truth About Why We Trade (WSJ) Use These 4 Cheap, No-Nonsense Ideas (The Atlantic) Bob Janjuah’s Latest Big Picture Outlook (zero hedge) Italy’s government Read More
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
Today’s reading list: Jon Stewart Explains The Greek Crisis To The Great Unwashed (zero hedge) A Blinking Idiot & the Banking System (zero hedge) Dodd-Frank claims niche form of gold trading Market Extra (Market Watch) Proof that Bernanke Should Be Fired (Washington Blog) Has Greece asked Argentina? (Macro Business) OH NO: The US Debt Ceiling Read More
Today’s articles worth reading: Goldman’s Charts That Matter in FX This Week (zero hedge) What the U.S. Dollar and the Euro Mean to the SP500 (Safehaven) Full List Of 2011 Bilderberg Conference Attendees (zero hedge) Gold, The Real Reason for the Fall of Dominique Strauss-Kahn (Market Oracle) U.S. Underwrites Internet Detour Around Censors Abroad (NY Read More
Today’s links: Endless Quantitative Easing (Safehaven) Greek, Irish Risks Transferred to ECB (Big Picture) Prostitutes as Perks: Sex Incentives ‘No Exception’ in German Business World (Spiegel) Here’s The Currency That’s Better Than Gold In An Extreme Crisis (Business Insider) Buy the EURO High sell Higher (Oanda) Euro squeeze to yield to Euro wheeze? (Trading Floor) There’s Read More
Today’s links: What happens when Greece defaults (Telegraph Blogs) Is Greece Lehman II? (Macro Business) Niall Ferguson: The Eurozone Has Become A Government Killing Machine (Business Insider) The 21 Countries Most Likely To Default (Business Insider) When Institutions Rape Nations (TomDispatch) When Austerity Fails (NY Times) A Losing Bet: The End of the World (The Big Picture) Read More
Today’s reads from around the web: China Is Now Top Gold Bug (WSJ) The “Game Over” Redux (zero hedge) Spain’s Icelandic Revolt; Protests Spread to Italy (Mish’s Global Econ. Analysis) Making Things in America (NT Times) Jewish Donors Warn Obama on Israel (WSJ) G7 Leads Shift in Forex Reserves (Forex Blog) You Need To Be Watching Read More
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