Posts Tagged ‘Down’
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: [...]
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 [...]
I have recently been talking about the range-bound nature in the markets of late and how good trading opportunities are available to trade between those ranges. Most notably, I highlighted the British pound (GBP/USD) as one such opportunity.
Well there is also another opportunity that is available, and occurs when the range breaks out or breaks [...]
Quotable
“Doubt is uncomfortable, certainty is ridiculous.”
Voltaire
Commentary & Analysis
The short of a “lifetime”! A trip down memory lane…
About fifteen years ago I remember when the guru-in-chief for Morgan Stanley was Barton Biggs. He is a very bright man and has had many investment successes, so don’t get me wrong when I share this. But [...]
…dare I say potentially short-lived risk appetite??
Today, after what is looking like a very bullish open and a bad day for the dollar, I wanted to reexamine the uptrend in crude oil and if the aussie and loonie would follow that strength or if today’s price action was going to be more about the dollar’s [...]
Quote of the day:“Strange as it seems, no amount of learning can cure stupidity, and higher education positively fortifies it.” ~ Stephen Vizinczey Good morning. Risk sensitive currencies such as AUD fell yesterday, following the US equities. The euro held quite well and is still trading above 1.3400 where it found interim support. EURUSD Not much [...]
Quote of the day: “The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.” ~ Lawrence Summers Good morning. The euro is back below $1.3700 [...]
The Australian Dollar (AUD) has pulled back from yesterday’s highs just below 1.05 vs. USD after CPI data came in lower than expected showing that inflation may be tame. The YoY Trimmed Mean index came in at 2.3% vs,. an expected 2.7%, with the Weighted Median figure coming in at 2.6% vs. an also expected [...]
Quote of the day:“The only time you don’t fail is the last time you try anything – and it works.” ~William Strong Good morning. Yesterday’s rally towards $1.39 has been short lived as no agreement has yet been on the size of the euro-zone bailout fund. Therefore, selling accelerated across equity correlated currency pairs. As [...]
