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Midweek Risk-On Charts to Watch

Liviu — Wed, 22 Feb 2012 08:09:34 +0000

The best ideas come as jokes. Make your thinking as funny as possible. ~ David M. Ogilvy Good morning. Euro is little changed against the US dollar since yesterday, but upside remains favored while consolidation continues above $1.3200 which is the first intraday support zone. USD Index As seen below, not much happened since Monday’s opening, Read More

Greece Bailout Deal Sends EUR Higher Across the Board

Liviu — Tue, 21 Feb 2012 08:37:34 +0000

It takes too much energy to be against something unless it’s really important. ~ Madeleine L’Engle Good morning. The euro is strengthening across the board on Greece bailout news. USD Index Dollar’s decline continues after forming a reversal candle around 80. I guess it’s time to look at the range’s bottom where support is formed between Read More

Sunday humor: How it is to be a trader

Liviu — Sun, 19 Feb 2012 13:33:33 +0000

I hope you are enjoying your Sunday. I guess most of you are familiar with the “what I really do” memes going viral lately. If you find them funny, perhaps this one (which I just made) will make you smile. © 2012 FX Trading Blog

Quick Risk-On Friday Charts

Liviu — Fri, 17 Feb 2012 08:27:40 +0000

The forceps of our minds are clumsy forceps, and crush the truth a little in taking hold of it. ~ H. G. Wells Good morning. Last two days have been a mix of good and bad for the risk-sensitive currency pairs as the Japanese yen recovered across the board on Wednesday, but switched direction yesterday, on Read More

Some Midweek Charts to Watch

Liviu — Wed, 15 Feb 2012 08:22:31 +0000

Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. Read More

Dollar Down in Risk-On Trade Following Greece Austerity Vote

Liviu — Mon, 13 Feb 2012 08:27:18 +0000

“Buy when there’s blood in the streets, even if the blood is your own.” ~ Baron Rothschild Good morning. Euro recovered today as Greece passed austerity vote, at the cost of extreme violence and riots in Athens. Hence the dollar is trading lower, around Friday’s opening price. USD Index Dollar opened lower today, erasing Friday’s Read More

Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows

Liviu — Fri, 10 Feb 2012 08:05:29 +0000

While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $1.3300 as Asian stocks declined today. US Trade balance and Bernanke’s speech are today’s most important events in the economic calendar USD Index it’s Read More

Dollar Continues Decline, EUR Up Ahead of ECB

Liviu — Thu, 09 Feb 2012 08:26:04 +0000

We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today’s economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts Read More

Aussie Dollar Saves the Day

Liviu — Tue, 07 Feb 2012 08:18:11 +0000

Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied Read More

Dollar Recovers, Greece Back in Focus

Liviu — Mon, 06 Feb 2012 08:34:59 +0000

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Read More

NFP Report Keeps Market Quiet

Liviu — Fri, 03 Feb 2012 07:59:18 +0000

Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s Read More

Dollar Loses Ground Ahead of Tomorrow’s NFP

Liviu — Thu, 02 Feb 2012 08:10:52 +0000

The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things Read More

Euro Pulls Back Before EU Leaders Meet in Brussels

Liviu — Mon, 30 Jan 2012 08:26:55 +0000

The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 Read More

10 Trading Lessons You Can Learn From George Bernard Shaw

Liviu — Sun, 29 Jan 2012 20:48:57 +0000

Born in Dublin, Ireland, in 1856, George Bernard Shaw grew to become one of Great Britain’s greatest and most controversial playwrights. Shaw’s father, a corn merchant, was an alcoholic and therefore there was very little money to spend on George’s education. George went to local schools but never went to university and was largely self-taught. He was Read More

Dollar Down After Fed; Euro, Risk Pairs, Metals Rally

Liviu — Thu, 26 Jan 2012 08:09:49 +0000

Believe those who are seeking the truth. Doubt those who find it. ~ Andre Gide Good morning. Dollar’s decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. Important events in today’s FX Calendar are: Read More