Posts Tagged ‘euro’s’
EUR/USD started the day in London paring gains made yesterday after better manufacturing data eased worries about global growth. The market was quite subdued until Chinese Premier Wen suggested the possibility of more involvement in the developments of the EFSF and the ESM as well as positive comments regarding the shared currency and the euro [...]
Quote of the day: In truth, the gold standard is already a barbarous relic. – John Maynard Keynes
EURUSD
Trading strategy: standing aside
Although it recovered some lost ground yesterday, the euro found resistance at 1.400 and was sold-off, the scenario repeating in today’s Asian session. Speaking of intra-day conditions – main question now is whether the recovery [...]
Good day to you my Forex friends! Here’s an update on the EURUSD or the fiber as what they call it on Wall Street. The last time I covered the pair (please see my previous post here), it had just broken down from a head and shoulders formation. Since then, the [...]
In my last post about the EURCAD pair several days ago (July 9), I mentioned that the Loonie could be preparing for a revolt against the Canadian dollar. Back then, the pair already broke its downtrend line and appeared to be in the phase of forming the right shoulder of [...]
