The major block to compassion is the judgment in our minds. Judgment is the mind’s primary tool of separation. ~ Diane Berke Good morning. Dollar holds onto gains as the euro is under pressure, declining towards $1.300 support. Not much is expected to happen until later today when the NFP data will be released. USD Index Read More
Midweek Charts 4/4/12
Efficiency is doing things right; effectiveness is doing the right things. ~ Peter Drucker Good morning. Dollar is up after yesterday’s FOMC meeting minutes and focus today is on the ECB rate decision (see economic calendar). Let’s see what are some of the charts worth your attention today USD Index yesterday’s strong recovery changes the short-term Read More
Charts to Start the Week 4/2/12
It’s not what happens to you that counts, but how you handle it. It’s not how far you fall, but how well you bounce. ~ Dan Zadra Good morning. Dollar remains under pressure as euro holds above $1.3300 and it seems that a test of $1.3480/00 is in the cards this week. USD Index EURUSD Support Read More
Midweek Charts 3/28/12
Good instincts usually tell you what to do long before your head has figured it out. ~ Michael Burke Good morning. Dollar remains under pressure while the euro managed to overcome resistance at $1.3300. USD Index No decisive break of interim support at 79 yet, but downside pressure remains high. In case of recovery, rallies would Read More
Charts to Start the Week 3/26/11
Trust yourself. You know more than you think you do. ~ Benjamin Spock Good morning. Dollar remains under pressure as euro is finding bids on pullbacks, pushing higher towards $1.3300 which is the 1st resistance level to keep an eye on. USD Index Not much changed since a week ago: rallies are being sold every time Read More
Thursday Charts: Dollar, Aussie Losing Ground
Trusting our intuition often saves us from disaster ~ Anne Wilson Schaef Good morning. Dollar continues to be sold into rallies as the euro finds intraday support at $1.3185/00 USD Index As seen below – dollar is losing ground on a short-term basis but it is still above recent corrective bottom at 79. EURUSD As noted Read More
- Continue reading: Thursday Charts: Dollar, Aussie Losing Ground
Charts to Start the Week 3/19/12
You may occasionally give out, but never give up. ~ Dan Zadra Good morning. The dollar trades lower after Friday’s decline, as the euro tested resistance near $1.3200. USD Index The dollar index looks quite bearish on intraday basis, now that support at 80 has been breached. However, there’s still a good chance that this movement Read More
Charting the Week Ahead 8/21/11
Let’s see what this week brings and whether there might be some interesting trade setups developing I’ll start with the EURUSD, which is the most popular currency pair. As you can see, the pair is still into a relatively narrow range since topping at $1.49. But why? and here is the answer: Riiight! Notice how Read More
JPY Weakening on BoJ Intervention
Quote of the day: “You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.” ~ John Kenneth Galbraith Good morning. If you just opened the charting platforms, you may want to check the JPY pairs as there’ve been some wild moves overnight: Read More
USDJPY: Some People Just Don’t Get It
It’s been a while since the dollar is in free-fall mode against (and not only) the Japanese Yen and yet, many traders keep buying it again and again, expecting the BoJ to intervene and save their positions (at least once in a while). And here are some charts and recent positions stats (courtesy of Oanda): Read More
Friday Links 7/29/11
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
Setups to Watch This Week 6/13/11
Greetings. There are some setups worth watching in the coming days, such as the following: GBPUSD: recent sell-offs are suggesting that more pressure on the trendline around 1.6150 is likely, and current lower-highs formation is intact – therefore keep an eye on the highlighted resistance zone if current recovery continues. I think it’s worth looking Read More
Tuesday Links 4/05/11
Today’s links: John Taylor: Growing up with forex (Futures Magazine) A Global Tsunami, Courtesy of the Fed (Chris Martenson) Bernanke and PBoC pressurize EURO (Oanda) Five reasons the yen will strengthen (FT Alphaville) Euro Zone Risks Exodus of Weaklings (WSJ) ‘One in seven’ chance that nations will abandon euro (Telegraph) The Dollar Declining Means QE2 is 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
JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Quote of the day: “Endless money forms the sinews of war.” - Marcus Tullius Cicero EURUSD – 1.4086 @08:00 GMT Good morning. The euro is trading comfortably into the 1.4 region but the real show takes place elsewhere: the JPY charts on news that G-7 is intervening to weaken the Japanese yen. The EURJPY is up Read More
- Continue reading: JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Thursday Links 3/17/11
Today’s links roundup: Barclays Kills Yen Trading During USDJPY Flash Crash, Pulls All Liquidity To Protect Prop Positions USD/JPY Frenzy – Technicals On Today’s Massive Move Shanky’s Market Summary And Conversation 3/17/11 Political Calculations: To Whom Does the U.S. Government Really Owe Money? What Will Be Sold To Pay For Japanese Reconstruction? Panoramic image shows the damage Read More
Charting the Disaster
Recent trading sessions were crazy. Here’s the JPY blood bath: USDJPY USDJPY daily chart 3-17-2011 AUDJPY AUDJPY weekly chart 3-17-2011 GBPJPY GBPJPY daily chart 3-17-2011 USDCHF CHF is very interesting too USDCHF daily chart 3-17-2011 There are several months now since everyone and his dog ”buys the dip” at any level – and yesterday was Read More
Guest Post: Q2 2011 Predictions for the Forex Market
Submitted by Sara Patterson from DailyForex.com Disclaimer: The author’s views are entirely his or her own and may not reflect the views of innerfx.com With the second quarter rapidly approaching, now is a good time forecast what is likely to happen in the Forex markets in Q2 2011. There are far too many people that lose Read More
- Continue reading: Guest Post: Q2 2011 Predictions for the Forex Market
Quick Short-Term Update 03/03/11
Hi. Just a quick update to yesterday’s thoughts & charts EURUSD The euro rallied well over 1.3850 today as Jean-Claude Trichet said that policy makers may soon hike interest rates to fight inflation. We are currently trading 40 points away from $1.40 and there’s no sign of exhaustion. However, I doubt we’ll see a break above 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
FX Charts to Watch This Week
“The riskiest thing you can do is get greedy.” – Lance Armstrong Hello. This week will be quite busy, some of the key events in the Forex Calendar being the RBA Interest Rate Decision on Tuesday, Bernanke’s Testimony, Trichet’s speech, the ECB Interest Rate Decision, the US ADP Nonfarm Employment Change, the Initial Jobless Claims and, Read More
Euro Sinks Below 1.30 On Debt Fears and U.S. Employment Report
Quote of the day: “Definition of Statistics: The science of producing unreliable facts from reliable figures.” – Evan Esar EURUSD Trading strategy: standing aside The euro fell to $1.29 after the NFP report on Friday and holds under pressure today amid debt contagion fears. German magazine Der Spiegel reported over the weekend that Germany and Read More
- Continue reading: Euro Sinks Below 1.30 On Debt Fears and U.S. Employment Report
Some Daily Charts
As promised earlier today, here are some short-term charts worth a look. USDSEK USDSEK 1d chart 1-6-2011
Euro Recovers Across the Board as Risk Appetite Returns
Quote of the day: “Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe EURUSD Trading strategy: looking to buy at 1.3380, stop at 1.3320 (0.5% risk), 1st objective at 1.3430, 2nd objective at 1.3600 The euro recovered against the dollar after testing bids into the Read More
- Continue reading: Euro Recovers Across the Board as Risk Appetite Returns
Euro under pressure; EU leaders meeting in Brussels
Quote of the day: “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing EURUSD Trading strategy: small size short on pullback to 1.3300, stop at 1.3360, 1st objective at 1.3250, 2nd objective at 1.3180 The euro fell sharply against Read More
- Continue reading: Euro under pressure; EU leaders meeting in Brussels
euro extending its decline across the board
Quote of the day: “Everything happens to everybody sooner or later if there is time enough.” – George Bernard Shaw EURUSD Trading strategy: looking to sell on pullback to 1.3370, stop at 1.3420, 1st objective at 1.3320, 2nd objective at 1.3180 The dollar is up today against its counterparts after the Fed left interest rates Read More
- Continue reading: euro extending its decline across the board
What happened in two days
Greetings. This post is a short update to my Sunday article: some trading setups for this new week Silver Silver bounced off support around 28 and recovered to as high as 29.90 earlier today. Although last reversal candle, formed after reaching a fresh record at 30.66, is still valid – uptrend was once again confirmed and Read More
Some trading setups for this new week
Greetings. Check the economic calendar to see what else, except for the US Interest Rate decision and FOMC statement, should move the markets in the coming days. Here are some charts & setups worth watching this week Silver Silver 1d chart 12-12-2010
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