Posts Tagged ‘rally’
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: [...]
It’s tough to pinpoint exactly at which point the exhaustion from today’s RISK ON rally will begin. It’s even tougher (on a day like today) to shift the focus to three specific charts where there is a downtrend (EUR/USD), an uptrend (U.S. Dollar Index), and no trend (the Dow Jones Industrial Average). But these are [...]
Despite the inherent risk in the market due to the Euro debt crisis, the Euro continues to rise vs. USD. But for how much longer? The market is fully aware of all of the potential landmines that could potentially come out of the “resolution” which is due out tomorrow yet the Euro still seems more [...]
Quote of the day: “A lie told often enough becomes the truth.” ~ Lenin Good morning. The Swiss franc made some huge moves yesterday against its counterparts as the SNB capped franc’s rate to 1.20 against the euro, just like they’ve been threatening for a while. EURUSD Resistance at 1.43 capped the upside yesterday, as [...]
Source: ForexYard
The EUR rose as high as 1.45 following a strong PMI surveys but the gains failed to hold after a disappointing ZEW survey and a rise in Greek bond yields reminds investors the European debt crisis is not going anywhere.
PMI surveys for both Germany and the euro zone were above expectations. German manufacturing [...]
By TaipanPublishingGroup.com
Options give an experienced trader the ability to make money in any market — no matter which way it’s headed. But did you know they can also act as a warning signal or a buy signal? Options can tell you when the market is about to go haywire, and they can also tell you [...]
IMHO…
Big statement but here’s my support.
It starts with the lack of acceleration through the “00″. Breaks through major psychological level – of which the “00″ is the most significant – can often lead to momentum as prices find footing at the “00″. When this doesn’t happen, I have to stop and wonder why…
The dollar’s bounce [...]
In shifting their focus to interest rates, forex traders have perhaps overlooked one very important monetary policy event: the conclusion of the Fed’s quantitative easing program. By the end of June, the Fed will have added $600 Billion (mostly in US Treasury Securities) to its reserves, and must decide how next to [...]
By Greg Holden
A brief look over our technical charts reveals a possible opportunity to earn a quick buck on the AUD/USD.
The pair has been trading within an ascending wedge formation since October 2010. As the latest downturn has pushed the price of the AUD/USD to its lower trend line, the pair should rally [...]
