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
Markets Recover on Debt Crisis Optimism
Quote of the day: “Get your facts first, and then you can distort them as much as you please” ~ Mark Twain Good morning. The dollar continues to lose ground as risk sensitive currencies rebound after consolidating for a week. Short covering also fueled current recovery along with market optimism that European Leaders will act Read More
Tuesday Links 6/28/11
Today’s reading list: Greece Struck Down by Strike (WSJ) It’s not only Greeks who’ve lost their marbles (Telegraph) U.S. Money Funds Risk Losses If Europe Crisis Sparks ‘Wildfire’ (Bloomberg) Dollar, Dollar, What’s the Future? (Infectious Greed) Correlation between Currencies and S&P500 (Credit Writedowns) OLLI REHN: There Is No Plan B For Greece, Pass The Vote Or Read More
Tuesday Links 5/10/11
Today’s links: On The Dislocation Between The EUR And PIIGS Insolvency Risk (Zero Hedge) The Best Brokers for Forex Traders (Smart Money) Roubini’s guide to a Greek debt restructuring (FT Alphaville) Spain Is Hoping This Presentation Will Help It Regain The Confidence Of The World (Business Insider) We smell smoke (Macro Man) Shanky’s Daily Stuff (Shanky’s Tech Blog) Read More
Wednesday Links 4/27/11
Today’s links: The Biggest Losers From Today’s FOMC Conference: Robots (Zero Hedge) 97 Top Forex Mistakes (Winners Edge Trading) 20 Questions For Ben Bernanke (Zero Hedge) The Mess in Europe (Big Picture) Pimco’s Observations As The US “Reaches The Keynesian Endpoint” – The QE2 Ponzi Scheme Is “Nothing But A Profit Illusion” (Zero Hedge) Shanky’s Read More
Wednesday Links 4/20/11
Today’s links: Why QE 3 is Guaranteed (the Alternative is Something Four Times Bigger than 2008) (Zero Hedge) Secret memos expose link between oil firms and invasion of Iraq (The Independent) Recognize this pattern? (Pragmatic Capitalism) How High Will Silver Go? (Financial Sense) See How 16th Century Maps Compare To The Latest Satellite Imagery (Business Insider) Read More
Wednesday Links 3/30/11
Hello. Here is today’s dose of readings. I’ll be back a bit later today to share some interesting charts, if time permits – not a promise, m`kay? To QE3 or Not to QE3? (Seeking Alpha) QE2 Is Not A Recovery Plan, It’s A Stealthy Scheme To Prepare For The Next Bank Bailout (Business Insider) 19 Reasons Read More
Tuesday Links 3/22/11
Today’s link round-up: Rise of the Machines: Check out these HFT Charts How Much Yen Did Japan Buy Last Friday? Long-Term Yen Charts Shanky’s Daily Stuff: EURUSD and SPX Straight Talk with John Rubino: The Damage Is Already Done With Gold Just 1% From Record Nominal High of $1,444/oz The Risk Of A Dollar Crisis Increases Read More
Midweek Thoughts, Charts and Links
“Regulation of derivative transactions that are privately negotiated by professionals is unnecessary.” – Congressional Testimony of Alan Greenspan, July 1998 Hello folks. I’ve been quite busy lately but nonetheless, my phone is my companion and I had the charts & quotes with me all the time. I finally managed to buy a decent HD media player Read More
Wednesday Links
Hello. I’ll post some interesting charts tomorrow, including an update to my weekend short-term views. Here are some good reads for today and funny pictures for a good laugh. Getting Peacocked Portuguese 10 Year Bond Yield Hit Fresh Lifetime Highs Daily Market Summary And Conversation 2/09/11 Republicans Attack Dual Mandate; Bernanke Defends QE Yet Again, Read More
Trading setups to consider next week
Quote of the day: As long as people believe in absurdities they will continue to commit atrocities. — Voltaire EURUSD The euro had a good run against the dollar in the last 2 weeks, gaining 450 pips per week – being up 6.4% this month. Or I rather say “the dollar is down 6.4% against Read More
Dollar under pressure ahead of FOMC
Quote of the day: I find that the harder I work, the more luck I seem to have. — Thomas Jefferson EURUSD Trading strategy: long at 1.3120, stop at 1.3060 (0.5% risk), 1st objective at 1.3170, 2nd objective at 1.3250 The dollar is weaker ahead of FOMC Interest Rate decision on concern the Fed will Read More
Daily analysis and trading strategies 7-8-10
Quote of the day: He who risks and fails can be forgiven. He who never risks and never fails is a failure in his whole being. — Paul Tillich EURUSD Trading strategy: small long at 1.2500, stop at 1.2430 (0.5% risk), 1st objective at 1.2550, 2nd objective at 1.2650 The euro recovered after retracing to Read More
- Continue reading: Daily analysis and trading strategies 7-8-10
Short term outlook (12/07-12/11)
EURUSD Despite several attempts to breach higher last week, the euro failed to hold gains as the dollar rallied across the board on Friday, as a result of better than expected unemployment figures. The 270 points decline of Friday has cleared half of euro’s gains accumulated during the previous two months, hence December started by Read More
Daily analysis and trading strategies 12-04-09
Quote of the day: The way to get started is to quit talking and begin doing. – Walt Disney EURUSD Trading strategy: stand aside Downside is under pressure after the euro failed to breach higher, past 1.5145, on yesterday. The decline in equities favored the pullback into the 1.5050 support region and intra-day sentiment remains Read More
- Continue reading: Daily analysis and trading strategies 12-04-09
a week ahead (11/23-11/27)
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
Daily analysis and trading strategies 11-11-09
Quote of the day: Money doesn’t make you happy. I now have $50 million, but I was just as happy when I had $48 million. — Arnold Schwarzenegger EURUSD Trading strategy: stand aside Needless to say, not much happened on yesterday, as liquidity in equities was pretty low but price remained into the positive territory. Read More
- Continue reading: Daily analysis and trading strategies 11-11-09
Daily analysis and trading strategies 11-10-09
Quote of the day: In today’s regulatory environment, it’s virtually impossible to violate rules. — Bernard Madoff EURUSD Trading strategy: long at 1.4910, initial stop at 1.4840 (1% risk), objective at 1.5045. Adjust stop to breakeven on +30 pips (at 1.4940) if reached The euro is retreating from yesterday’s top side at 1.5020 which is Read More
- Continue reading: Daily analysis and trading strategies 11-10-09
Daily analysis and trading strategies 11-03-09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 Read More
- Continue reading: Daily analysis and trading strategies 11-03-09
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