Quote of the day: Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over regulated or the burdens are too great they all start to roll their eyes, just like all of our children do when we talk about the good old days. — Read More
- Continue reading: Daily analysis and trading strategies 5-20-10
Quote of the day: It takes as much imagination to create debt as to create income. — Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above support at Read More
- Continue reading: Daily analysis and trading strategies 5-19-10
Quote of the day: If we did go into a recession, something that’s always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. — Jeffrey Sachs EURUSD Trading strategy: looking to sell at 1.2500, stop at 1.2570 (1% risk), objective at Read More
- Continue reading: Daily analysis and trading strategies 5-18-10
Quote of the day: Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people — Wendell Phillips EURUSD Trading strategy: standing aside The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine the Euro-zone’s Read More
- Continue reading: Daily analysis and trading strategies 5-17-10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week’s bottom at 1.2520. The said support holds for now and a correction might be underway, but playing from short side Read More
- Continue reading: Daily analysis and trading strategies 5-14-10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. — Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday’s session before gapping up over the weekend has been a though barrier in Read More
- Continue reading: Daily analysis and trading strategies 5-13-10
Quote of the day: Doubts are more cruel than the worst of truths. — Moliere Trading strategy: looking to sell at 1.2800, stop at 1.2870(1% risk), objective at 1.2640 The euro is back near its recent low as Monday’s correction was just a new opportunity for sellers to increase their bets against the euro. A Read More
- Continue reading: Daily analysis and trading strategies 5-12-10
EURUSD Trading strategy: short at 1.3000, stop at 1.3070(1% risk), objective at 1.2860 Bulls’ optimism fades away as the euro could not sustain gains into the 1.3 region yesterday and dropped to Friday’s levels, filling the opening gap. 1.2700 provides a minor support now that earlier established support around 1.2740 formed by the 61.8% of Read More
- Continue reading: Daily analysis and trading strategies 5-11-10
Quote of the day: The only hope is that our civilization will collapse at a certain point, as always happens in history. Then, out of barbarity, a renaissance. — Pierre Schaeffer EURUSD Trading strategy: standing aside It’s hard to describe yesterday’s markets disaster. The DJIA fell 1000 points erasing this year’s gains before recovering, EURJPY Read More
- Continue reading: Daily analysis and trading strategies 5-7-10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. — Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down – the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from 1.1640 in Read More
- Continue reading: Daily analysis and trading strategies 5-6-10
Quote of the day: If things go wrong, don’t go with them. — Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading – Spain being in focus due to rumours which Read More
- Continue reading: Daily analysis and trading strategies 5-5-10
EURUSD Trading strategy: stand aside The euro holds recently gains above the higher half of the 1.44 zone but so far it couldn’t stabilize above the 1.4500 handle, remaining into the bearish flag range while the upper barrier at 1.4530/50 is intact. Upside is favored for now and extended gains out of current range may Read More
- Continue reading: Daily analysis and trading strategies 1-13-10
Quote of the day: Your best teacher is your last mistake. — Ralph Nader EURUSD Trading strategy: stand aside The dollar lost some ground on the FOMC minutes released yesterday, euro reaching session highs few points below the 1.4450 resistance which would encourage uptrend to resume if breached. While below the said barrier, downside pressure remains Read More
- Continue reading: Daily outlook and trading strategies 01-07-10
EURUSD Today’s rebound against the buck provides a clue about a potential resume of longer term uptrend. We’ll see if the euro will manage to hold gains above the fresh breached barrier into the 1.4950 region (which is currently under minor pressure) – formed by the falling trend line coming from 1.5045 over the previous Read More
EURUSD Trading strategy: stand aside A look at the EURUSD chart over the last few days provides a clear image of how undecided the market is. Yesterday’s sell-off below the 1.4700 support provided the confirmation of recent fears regarding an extended correction towards mid 1.45s, but price reversed around 1.4630 – returning into the 1.4730 Read More
- Continue reading: Daily analysis and trading strategies 11-04-09
EURUSD Upside action extends towards 1.4600, fresh yearly top which has been reached earlier today, before initiating the current pullback. Current pullback seem corrective and yesterday’s top at 1.4535 is the nearest intra-day support. Hourly sentiment becomes negative and a break down below 1.4535 will most likely bring some more bears back into the market, Read More
- Continue reading: Medium term outlook on EUR, AUD and Gold
EURUSD Trading strategy: stand aside Yesterday’s rally has been limited into the 1.4325 region – 15 points below my 100 points target on the long position @1.4240 – I still hold the position with stop @breakeven / currently at +25 points, hoping that 1.4330 will be targeted again. Since the euro couldn’t hold gains above Read More
- Continue reading: Daily outlook and trading strategies 08-14-09
The euro holds recent gains versus the greenback near the 1.4300 mark which couldn’t be fully breached yet, although the euro rallied to intra-day highs into the 1.4325 region, the rally being fueled by the positive signs of economic recovery coming from Germany and France. As pointed out on today’s morning report, the Euro has yet to Read More
- Continue reading: Intra-day update on EURUSD and Gold 08-13-09
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