Good morning. Euro continues to weaken after Spain’s downgrade by S&P and ahead of Italy’s bond auction later today. Other important economic events today are the US trade balance and initial jobless claims EURUSD already erased last week’s gains and it seems there’s much pressure on the $1.2800/25 support level. 1.26 is next floor to Read More
Euro Recovers, Remains Vulnerable
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
Bear Flag Broken – Euro Resumes Downtrend; All Eyes on Italy
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
Euro Retesting Support; Bear Flag Formation Suggesting More Downside
Quote of the day:“Achievable goals are the first step to self improvement.” ~ J. K. Rowling Good morning. The euro is still trading in range against the dollar after the G20, NFP release and more news coming from Greece. Greek Prime Minister George Papandreou agreed to resign after the formation of a new government coalition. Here’s a Read More
- Continue reading: Euro Retesting Support; Bear Flag Formation Suggesting More Downside
Risk-Off Trade Returns
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
Friday Links 8/5/11
Hello. Markets are getting a bit of “stability” after the plunge on headlines that ECB is ready to buy Italian and Spanish bonds. Here’s a collection of articles worth your attention: Basta Bunga Bunga: Have Italians had enough of Silvio Berlusconi—and the culture he embodies? (New Yorker) The euro crisis, part 394: Rearranging the deckchairs (The Economist) The Read More
Thursday Links 8/4/11
The markets are melting, the Yen is recovering towards pre-intervention levels in some pairs, while others seem to lag behind. Anyway, here are some interesting articles: Italy is ‘bound to default’, says CEBR (Telegraph) Bond spreads in the euro zone: The single currency’s medical chart (The Economist) ECB Reactivates Anticrisis Measures (WSJ) Searching for solutions to the European Read More
Wednesday Links 8/3/11
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
Tuesday Links 7/19/11
Here are some of today’s good stuff to read: Goldman’s FX Team Generates 40% Annualized Loss For Clients Per Its Latest Disastrous Recommendation (zero hedge) How to Quit Your Job – 5 Steps to Transition Into a New Career (Work Awesome) The Euro Crisis Song (Guardian) Greek Economic Crisis: Infographic (OANDA Forex Blog) Presenting The ECB’s Own Reflections On A Read More
Monday Links 7/18/11
Here’s a couple of reads to end the day with: Franc Rises to World’s Most Expensive Currency as Taylor Sees Euro Parity (Bloomberg) FT Alphaville » Goldman answers 10 questions on Italy (FT Alphaville) Southern Exposure for Europe’s Banks (WSJ) Summer rerun – If the US stopped issuing treasuries, would it go broke? (naked capitalism) A modest proposal for eurozone Read More
My Summer Holiday in Italy (Pictures)
Greetings. I finally managed to sort all the pictures from my recent summer holiday in Italy. I’ve been to Italy several times and I really like the country. There are some fabulous places to visit, such as Tuscany – if you like the countryside and medieval towns. If you’ve never been to Italy before and Read More
Sunday Links 7/17/11
Interesting stuff from all around the web today: Open Letter to My Fellow Americans (Washington’s Blog) Return of the Gold Standard as world order unravels (Telegraph) Derivative Map of Tranch-L-Vania (Flickr via @Williambanzai7) Worried About Debt Limit? The Bond Market Isn’t (Bloomberg) Silvio Berlusconi: Inside His World (Business Insider) The Truth About America’s Gigantic Deficit Mess To Come (Business Insider) The euro zone Read More
Thursday Links 7/14/11
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
Tuesday Links 7/12/11
Today’s reading list: Is Currency Trading Worth the Risk? (WSJ) Credit Suisse: 5 Moves To Euro Endgame (Business Insider) Willem Buiter Says If ECB Does Not Intervene In Thursday’s Italian Bond Auction, It Will Likely Fail (zero hedge) Shanky’s Daily Stuff (Shanky’s Tech Blog) EU Pledges to Support Banks Failing Stress Tests, Rumored to Have Purchased Italian Government Bonds (Mish’s GETA) Read More
EURUSD Below Yearly Median Support
Quote of the day: “A man may well bring a horse to the water but he cannot make him drink.” - John Heywood Good morning. I am aware that not all of you are regular readers of posts in the Links category, so I’m letting you know that I can share some Google+ invitations with you. Read More
Links on Greek Austerity Vote
Some readings on today’s hottest topic: Chances rise Greek austerity plan to pass in vote (Reuters) Eleventh-hour effort to secure vote (Ekathimerini) As Greece goes, so goes Italy? (CNN) Fighting outside parliament on eve of Greece’s austerity vote (The Independent) Preview – 10 reactions to watch after the Greek vote (Investica) clash with police in Athens
Summer Holiday
Greetings. Since I am currently on summer vacation, in the beautiful Italy, I will probably not be posting much for the next week. Zoo Lignano Cheers!
Friday Links 5/20/11
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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