Quote of the day: “The real problem is not whether machines think but whether men do.” ~ B. F. Skinner Good morning. Dollar’s correction continues as the euro recovers from fresh multi-month lows, catching a bid against most counterparts. Here are some of today’s charts of interest: USD Index As seen in the chart below, bias Read More
Dollar Retreating, Markets Waiting for ECB
Quote of the day:“I think if you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what’s next.” ~ Steve Jobs Good morning. The market is quiet before the ECB rate decision and the press conference later today Read More
- Continue reading: Dollar Retreating, Markets Waiting for ECB
Euro Recovers, Still Below Resistance
Quote of the day: “There is no security on this earth, there is only opportunity.” ~ General Douglas MacArthur Good morning. Monday’s opening price which is providing resistance is currently being tested as the euro recovered some ground, but the daily charts remain bearish as long as there are several resistance layers above current trading zone. The Read More
Euro Little Changed Since Yesterday, Recovery Modest
Quote of the day:“In a networked world, trust is the most important currency.” ~ Eric Schmidt Good morning. Yesterday’s euro recovery was short-lived as the pair fell back below $1.37 during the Asian session and reached a 10-year low against the Japanese yen. A conference call between Greek Prime Minister George Papandreou, Angela Merkel and Nicolas Sarkozy is one Read More
- Continue reading: Euro Little Changed Since Yesterday, Recovery Modest
Euro Under Pressure on More Greek Default Fears
Quote of the day: “It is nobler to declare oneself wrong than to insist on being right – especially when one is right.” ~ Friedrich Nietzsche Good morning. The euro found temporary support at $1.35 after last week’s large decline on speculation Greece is nearing default. From a technical perspective, a recovery is likely and the Read More
- Continue reading: Euro Under Pressure on More Greek Default Fears
EURUSD Still in Range, AUD and CHF Pairs Are More Interesting
Quote of the day: “Doing a thing well is often a waste of time.” ~ Robert Byrne Good morning. It’s been a good Monday for the euro and risk sensitive instruments as the recovery continued – EURUSD reaching a daily high near $1.4500 before pulling back, AUDUSD breaking resistance – former support – at 1.0450 and Read More
- Continue reading: EURUSD Still in Range, AUD and CHF Pairs Are More Interesting
EURUSD Quick Comment and Few Setups to Start the Month With
Quote of the day: “Finance is the art of passing money from hand to hand until it finally disappears.” - Robert W. Sarnoff EURUSD – 1.4543 @06:42 GMT Good morning. Euro is pushing above $1.45 so I had to exit my last short, expecting the pair to continue to the upside ahead of next week’s ECB Read More
- Continue reading: EURUSD Quick Comment and Few Setups to Start the Month With
EURUSD Holding Gains Ahead of FOMC Meeting
Quote of the day: “Everything that irritates us about others can lead us to an understanding of ourselves.” – Carl Jung EURUSD – 1.4404 @07:05 GMT Good morning. Last week’s top side is in focus now that the EUR managed to recover most of its recent losses, so keep an eye on 1.4450/75 if it Read More
- Continue reading: EURUSD Holding Gains Ahead of FOMC Meeting
Tuesday Thoughts, Charts and Links
Quote of the day: “Anger always comes from frustrated expectations” – Elliott Larson Hello. Crazy EURUSD chart today as it recovered from 1.3530 very fast, retesting 1.3700. Long tailed candle on the daily chart suggesting more upside action, so keep your eyes on 1.3750. Check my yesterday post for some observation on this level. As Read More
Wednesday links
Hello everyone. A little link love doesn’t hurt so here are some interesting reads for today. Nic Lenoir On Visualizing The Gobal Ponzi Scheme: How Does It End? Biggest bank robbery in history Goldman Sachs bankers to receive $15.3bn in pay and bonuses Why So Many Hedge Funds Sucked Wind And Underperformed In 2010 The 15 Read More
EUR starts the year under pressure
Quote of the day: “It is not enough to succeed. Others must fail.” – Gore Vidal EURUSD Trading strategy: standing aside Good morning. I hope you all had a nice holiday season and a good start in 2011. The euro starts slightly lower this year – down 50 pips from Friday’s close. Short-term resistance into Read More
Euro under pressure while trading below 1.3180
Quote of the day: “Soon, nostalgia will be another name for Europe.” – Angela Carter EURUSD Trading strategy: looking to sell a small size on pullback to 1.3260, stop at 1.3310, 1st objective at 1.3210, 2nd objective at 1.3100 Good morning. Euro’s inability to sustain rebounds continues to favor selling on minor pullbacks to the Read More
- Continue reading: Euro under pressure while trading below 1.3180
Snow is falling and gold is rising
Greetings. It’s been a pretty wild week in the Forex World as attention switched away from the Euro Zone debt problems for a while and the US unemployment rate rose to 7-month high at 9.8%, in a surprising setback, despite Fed’s tremendous efforts to stimulate economic growth, thus creating more money out of thin air jobs. QE2 Read More
Daily forex analysis and strategies 9-9-10
Quote of the day: It has become appallingly obvious that our technology has exceeded our humanity. — Albert Einstein EURUSD Trading strategy: short at 1.2675 on hourly close below 1.2670, stop at 1.2735(0.5% risk), 1st objective at 1.2625, 2nd objective at 1.2550 Former support around 1.2770 was tested and held, as I was expecting in Read More
- Continue reading: Daily forex analysis and strategies 9-9-10
Daily analysis and trading strategies 9-1-10
EURUSD Trading strategy: standing aside Range-bound trading continues as the upside was capped by 1.2740 yesterday but support around 1.2650 was also stable. Recent euro’s losses against the Swiss franc and the yen are contributing to its weakness against the dollar, too – and current EURCHF and EURJPY studies don’t look too good to those Read More
- Continue reading: Daily analysis and trading strategies 9-1-10
Daily analysis and trading strategies 8-27-10
EURUSD Trading strategy: small long at 1.2750, stop at 1.2680 (0.5% risk), objective at 1.2850 Euro’s minor recovery continues after testing support around 1.2660 yesterday. However, upside was capped at 1.2760. Upside is slightly favored at the time of writing but short-term bias remains bearish as long as 1.2900 is still “far” from current trading Read More
- Continue reading: Daily analysis and trading strategies 8-27-10
Daily analysis and trading strategies 8-26-10
Quote of the day: Success isn’t permanent, and failure isn’t fatal. — Mike Ditka EURUSD Trading strategy: small long at 1.2730 on hourly close above 1.2720, stop at 1.2660 (0.5% risk), objective at 1.2850 The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day. Although short-term Read More
- Continue reading: Daily analysis and trading strategies 8-26-10
Daily analysis and trading strategies 8-25-10
Quote of the day: What’s the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW’s — Rob, a trader from the U.K. EURUSD Trading strategy: small short at 1.2590, stop at 1.2660 (0.5% risk), objective at 1.2490 Not much is new under the sun since yesterday Read More
- Continue reading: Daily analysis and trading strategies 8-25-10
Daily analysis and trading strategies 8-24-10
Quote of the day: The best minds are not in government. If any were, business would hire them away. — Ronald Reagan EURUSD Trading strategy: small short at 1.2730, stop at 1.2790(0.5% risk), objective at 1.2610 The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing from 1.1875 Read More
- Continue reading: Daily analysis and trading strategies 8-24-10
Daily analysis and trading strategies 8-23-10
Quote of the day: Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish. — John Quincy Adams EURUSD Trading strategy: small short at 1.2770, stop at 1.2840(0.5% risk), objective at 1.2650 The euro weakened across the board and breached below the bear flag formation against the dollar – printing a Read More
- Continue reading: Daily analysis and trading strategies 8-23-10
Daily analysis and trading strategies 8-20-10
EURUSD Trading strategy: standing aside The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time of writing. Downside Read More
- Continue reading: Daily analysis and trading strategies 8-20-10
Daily analysis and trading strategies 8-18-10
Quote of the day: Information is the currency of democracy. — Thomas Jefferson EURUSD Trading strategy: standing aside 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday’s morning, but downside pressure seems higher. Unless Read More
- Continue reading: Daily analysis and trading strategies 8-18-10
Daily analysis and trading strategies 8-17-10
EURUSD Trading strategy: small long at 1.2910 on break on hourly bar closed above 1.2900, stop at 1.2840(0.5% risk), objective at 1.3030 Although yesterday’s attempt to reach 1.2900 was limited by 1.2870, the euro maintains its bid tone hovering near 1.2850 ahead of today’s German ZEW Economic Sentiment which is the most notable event in Read More
- Continue reading: Daily analysis and trading strategies 8-17-10
Daily analysis and trading strategies 8-13-10
Quote of the day: Money will come when you are doing the right thing. — Mike Phillips EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support at 1.3000 Read More
- Continue reading: Daily analysis and trading strategies 8-13-10
Daily analysis and trading strategies 8-6-10
EURUSD Trading strategy: standing aside The euro continues to trade sideways against the dollar as yesterday’s attempt to stabilize into the 1.32 region was short-lived, but the upside remains favored while we don’t see a retreat toward 1.3100. Short-term sentiment is bullish but the 4-hrs studies are showing signs of uptrend weakness after testing 1.3250 Read More
- Continue reading: Daily analysis and trading strategies 8-6-10
Daily analysis and trading strategies 8-5-10
Quick note: Are you on Facebook? Join innerfx on Facebook by clicking the “Like” button and you’ll always be in the know about interesting Forex articles I read, write & share. So apart from the content I already have on the site, the Facebook page will have lots more, because I always share great articles when I Read More
- Continue reading: Daily analysis and trading strategies 8-5-10
Daily analysis and trading strategies 8-3-10
EURUSD Trading strategy: small long at 1.3100, stop at 1.3030(0.5% risk), 1st objective at 1.3150, 2nd objective at 1.3250 1.3100 failed to hold and the euro rallied to as high as 1.3195 — on its way to the next important objective which is set into the 1.3250/90 region. Short-term sentiment is bullish and no technical Read More
- Continue reading: Daily analysis and trading strategies 8-3-10
Daily analysis and trading strategies 7-26-10
EURUSD Trading strategy: standing aside Stress tests results released on Friday showed that 7 banks failed the health checks. The results appear to be good news but question is: how severe those tests were? The euro recovered after the dip to 1.2800 and currently trades into the 1.29 area, maintaining the bullish momentum intact. Even Read More
- Continue reading: Daily analysis and trading strategies 7-26-10
Daily analysis and trading strategies 7-12-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
Daily analysis and trading strategies 7-9-10
EURUSD Trading strategy: small long at 1.2640, stop at 1.2570 (0.5% risk), 1st objective at 1.2700, 2nd objective at 1.2760 The dollar continued to weaken across the board as equities are recovering – the S&P 500 closed up 1%. ECB President Trichet also helped the euro by saying that the economic activity in the Euro Read More
- Continue reading: Daily analysis and trading strategies 7-9-10
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