Posts Tagged ‘Down’
…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 [...]
Those in the market who were expecting British Pound (GBP) strength based on record inflation were sorely disappointed as the Pound is trading lower to start the day. There is a general misconception that the BOE is concerned about responding to inflation when in fact they are committed to just the opposite.
When I saw the [...]
The Euro started out the week with much hope and promise but that quicklly faded after German officials dampened the mood surrounding the Euro debt crisis talks. Over the weekend, the G-20 voiced their own hope that Euro leaders would be able to come up with a plan by the end of the Euro summit [...]
On the daily chart the EURCHF is looking pretty ugly, however, on the weekly chart it is looking very interesting! We have a few weekly formations at present that show the EURCHF hitting resistance at 1.2340-50 and coming off.
The current inside week formed last week shows that there’s likely to be a push soon, just [...]
Quote of the day:“Always listen to experts. They’ll tell you what can’t be done and why. Then do it.” ~ Robert Heinlein Good morning. The euro opened lower this week as Greece acknowledged it would miss the deficit targets agreed as part of July’s bailout package. European finance ministers are meeting today to discuss bailout measures. [...]
