By Joel Kruger, Technical Strategist for DailyFX.com
Eurozone leadership needs to step up now
Impact of Greek exit would be catastrophic
Currencies oversold and still in need of some corrective action
We have now reached a point where a serious emergence of leadership in the Eurozone is needed. While some would argue that a Greece exit would be best, [...]
By Joel Kruger, Technical Strategist for DailyFX.com
Panic, fear and uncertainty take hold of markets
Euro looking to establish below 2012 lows from January
Yen starts to find renewed bids on flight to safety status
Eurozone political turmoil fuels intensified risk off trade
Rating agency downgrades and Greek political developments weigh
The risk liquidation continues into Friday, and markets to this [...]
This week I had three trades which opened, one closed and the other two remain active and profitable (although this could easily change Monday morning!). The EURCAD trade triggered my short entry stop, however, as with most Loonie trades it doesn’t usually like staying comfortable in one direction for too long! While the trade quickly [...]
“Just look at him! there he stands,With his nasty hair and hands.See! his nails are never cut;they are are grim’d as black as soot;And the sloven , I declare,Never once comb’d his hairAny thing to me is sweeterThan to see Shock-headed Peter “
Team Macro Man, when they were little macro children, were given a book [...]
What’s on the Economic Horizon
German PPI Expected to Show a 0.4% Rise in Prices
Canadian Inflation Figures on the Docket
U.S. Dollar (USD)
The Greenback’s domination came to screeching halt yesterday as the U.S. dollar index formed an almost-perfect doji in its daily chart. The U.S. dollar index began the day at 81.92, fell during the Asian session [...]
The market has now taken out some major resistance by 10,100 to open the door for fresh upside and a bullish continuation over the coming weeks. Next key resistance comes in by the 10,300 area, although, with daily studies now overbought, look for opportunities to buy on dips back towards 10,000 where a fresh higher [...]
What’s on the Economic Horizon
Philly Fed Index On Tap
Canadian Wholesale Sales Due Today
Japan Q1 GDP Clocks In At 1.0%
U.S. Dollar (USD)
Make that ELEVEN in a row for the scrilla! With risk aversion still weighing down the markets, the dollar scraped ahead of its major counterparts, with the USDX finishing 19 pips higher at 1.92. Can [...]
The market has now taken out some major resistance by 10,100 to open the door for fresh upside and a bullish continuation over the coming weeks. Next key resistance comes in by the 10,300 area, although, with daily studies now overbought, look for opportunities to buy on dips back towards 10,000 where a fresh higher [...]
You know it’s May when-
1) Greece is doing its best to detract holiday makers and you wonder if you should forgo the deposit on your Greek Holiday.2) David Cameron is crowing about how to run Europe.3) Your inbox is full of crowing statements from FX banks about how well they’ve done in Euromoney Survey.4) You [...]
What’s on the Economic Horizon
U.S. Building Permits and Housing Starts on Deck
Euro zone Inflation Expected to Remain at 2.6%
Bank of England Governor King to Speak Today
U.S. Dollar (USD)
Geronimo! EUR/USD fell off a cliff yesterday as the potential “Grexit” and bank run continued to weigh heavily on the foreign exchange market. The pair closed the day [...]
