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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

Euro Testing Resistance, Dollar Down Ahead of FOMC

Liviu — Wed, 25 Jan 2012 08:08:31 +0000

The safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around Read More

Dollar at Support Zone, Euro Continues Recovery

Liviu — Tue, 24 Jan 2012 07:54:10 +0000

We don’t see things as they are, we see things as we are. ~ Anais Nin Good morning. Dollar’s decline continues as euro just popped through $1.300 yesterday, recovering from early bids around $1.2900. USD Index As seen in the daily chart below, key support level formed by the horizontal line which was a temporary top Read More

Euro Starts the Week Lower, Testing Support Zone

Liviu — Mon, 23 Jan 2012 08:08:15 +0000

It’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: USD Index EURUSD 4hrs chart still looks bullish as current decline could be Read More

Euro Gains on Short-Covering and Risk-On Trade, Dollar Continues Slide

Liviu — Fri, 20 Jan 2012 08:09:30 +0000

The man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today’s interesting charts USD Index Support around 79.50 is in focus as dollar’s decline continues. That is probably a Read More

Dollar Continues Correction, EUR Higher

Liviu — Thu, 19 Jan 2012 08:19:16 +0000

The greatest pleasure in life is doing what people say you cannot do. ~ Walter Bagehot Good morning. Dollar keeps losing altitude as the correction continues, while risk-sensitive pairs follow stocks higher. Important releases today are the CPI and Initial Jobless Claims (See FX Calendar) USD Index Now that 81 has been breached, next downside barrier Read More

Dollar Retreating, Euro Testing Resistance Zone

Liviu — Wed, 18 Jan 2012 08:07:26 +0000

Never believe anything until it has been officially denied. ~ Claud Cockburn Good morning. Dollar pulls back from recent top as EUR recovers towards $1.28, but uptrend remains intact and strong, so it’s most likely only a corrective cycle until the next round of bad news coming from Europe hits. Here’s a daily dose of charts Read More

Dollar Up on Eurozone Downgrades, Euro Drops Further

Liviu — Mon, 16 Jan 2012 08:05:54 +0000

Confidence is 10% hard work and 90% delusion. ~ Tina Fey Good morning. Euro fell further against its counterparts as S&P downgraded France, Austria, Italy and Spain by one notch, but it kept Germany’s AAA rating level. USD Index It seems that last consolidation cycle has come to an end as the dollar rallied on S&P’s downgrade. Read More

EUR Recovers, Resistance Under Pressure

Liviu — Fri, 13 Jan 2012 08:07:19 +0000

“Good judgment comes from experience, and often experience comes from bad judgment.” ~ Rita Mae Brown Good morning. I’ve been away with limited access to the internet for the past three days, but looking at current charts, I don’t seem to have missed much. However, things are likely to become interesting USD Index Dollar is pulling Read More