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Charts to Start the Week 5/14/12

Liviu — Mon, 14 May 2012 07:25:25 +0000

Whatever begins, also ends. ~ Seneca Good morning. Euro opened lower today as fear of Greece leaving euro-zone grows. Dollar trades higher against most counterparts and the dollar index is testing March’s top, as seen below USD Index S&P500 There’s no sign of relief yet and I, for one, remain bearish until price returs above Read More

Sunday Satire: The Financial World Through the Eyes of an Artist

Liviu — Sun, 13 May 2012 15:10:24 +0000

Here’s more of williambanzai7′s work. In case you missed the 1st compilation, check it here: Tuesday’s Satire: The Financial World Through the Eyes of an Artist You can find a lot more of William’s work on his site or his Flickr page, and also follow him on Twitter or Facebook. Enjoy Too big to fail The Ponzi’s about Read More

Charts to End the Week 5/11/12

Liviu — Fri, 11 May 2012 07:35:29 +0000

Mistakes are a fact of life. It is the response to error that counts. ~ Nikki Giovanni Good morning. Euro and other risk-sensitive pairs are under pressure, extending decline while the dollar is trading comfortably above 80 Dollar Index Horizontal resistance around 80 has been breached and uptrend doesn’t seem to run out of steam yet. Read More

EUR Under Pressure, Below Former Support

Liviu — Thu, 10 May 2012 07:04:26 +0000

Those who will play with cats must expect to be scratched. ~ Cervantes Good morning. Dollar holds onto gains as EUR breached below $1.300 and is currently struggling to recover, but it’s likely that rallies will be short-lived. US trade balance and Bernanke’s speech are today’s most important events. USD Index Resistance around 80 is under Read More

EUR: 1.30 Support Under Pressure in Risk-Off Trade Following Election Results

Liviu — Tue, 08 May 2012 07:09:46 +0000

Many of life’s failures are people who did not realize how close they were to success when they gave up. ~ Thomas Edison Good morning. All eyes are again on Greece, where political leaders are meeting again to form a new government. Current sell-off is also caused by the French election. With the euro down around $1.300 Read More

EUR Under Pressure Ahead of ECB Meeting

Liviu — Thu, 03 May 2012 07:25:03 +0000

Trust your own instinct. Your mistakes might as well be your own, instead of someone else’s. ~ Billy Wilder Good morning. Euro is testing the downside ahead of ECB interest rate decision on best that ECB will hint of further stimulus measures. USD Index Dollar bounced off horizontal support and is retesting former support. Next barrier Read More

Charts to Start the Week 4/30/12

Liviu — Mon, 30 Apr 2012 06:55:09 +0000

Greed is a fat demon with a small mouth and whatever you feed it is never enough. ~ Janwillem van de Wetering Good morning. Euro holds onto gains above $1.32 after it recovered on Friday from $1.3150 lows. All eyes are on Spain today, as the Spanish government holds a media briefing to explain austerity steps. Read More

Charts to End the Week 4/27/12

Liviu — Fri, 27 Apr 2012 07:11:22 +0000

We don’t see things as they are, we see them as we are. ~ Anais Nin Good morning. Dollar is getting some relief as euro losses ground after Standard & Poor’s downgraded Spain. Here are some charts worth your attention today USD Index Trendline support is still intact, thanks to Spain’s downgrade S&P500 Bulls are more Read More

Midweek Charts to Watch 4/25/12

Liviu — Wed, 25 Apr 2012 07:14:20 +0000

You may be deceived if you trust too much, but you will live in torment if you don’t trust enough. ~ Frank Crane Good morning. Euro is back to the upside, retesting $1.3200 and it seems that a breakout is in the cards. USD Index Support formed by the rising trendline connecting recent higher lows is Read More

Charts to Start the Week 4/23/12

Liviu — Mon, 23 Apr 2012 07:18:50 +0000

Dictionary is the only place that success comes before work. ~ Vince Lombardi Good morning. Euro is pulling back after testing $1.3200 on Friday, and it looks bullish while interim support around $1.3150 holds. Risk currencies are under pressure as stock indices such as S&P500 failed to breach recent top side. Here’s a couple of charts Read More

Midweek Charts to Watch 4/18/12

Liviu — Wed, 18 Apr 2012 07:03:43 +0000

Small opportunities are often the beginning of great enterprises. ~ Demosthenes Good morning. Stocks recovered some of last week’s losses, hence the dollar is sold-off, facing resistance around 80 USD Index It’s still difficult for the dollar to break above resistance formed around 80 by the downward trendline, so I remain bearish while it holds below Read More

Charts to End the Week 4/13/12

Liviu — Fri, 13 Apr 2012 07:11:56 +0000

There’s only one corner of the universe you can be certain of improving, and that’s your own self. ~ Aldous Huxley Good morning. Stocks gained in the last two days, hence risk pairs are getting some relief and the dollar is weakening. USD Index Resistance around 80 stayed intact after a few tests and it seems Read More

Midweek Charts to Watch 4/11/12

Liviu — Wed, 11 Apr 2012 07:03:18 +0000

Shallow men believe in luck. Strong men believe in cause and effect. ~ Ralph Waldo Emerson Good morning. Risk pairs continue to plunge following stock indices. The dollar index holds onto gains not far below interim resistance at 80 USD Index EURUSD Euro looks rather fragile on the daily chart, but maybe it’s worth looking for Read More

Happy Easter!

Liviu — Fri, 06 Apr 2012 08:21:39 +0000

NFP Day is Here

Liviu — Fri, 06 Apr 2012 07:21:10 +0000

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