Posts Tagged ‘Slide’
The man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today’s interesting charts USD Index Support around 79.50 is in focus as dollar’s decline continues. That is probably a [...]
Truth is the only safe ground to stand on. ~ Elizabeth Cady Stanton Good morning. Euro remains under pressure as rallies continue to face offers, hence selling strength is the best strategy to use nowadays in EURUSD. Some of the key events this week are the ECB, RBA, BOE Interest Rate Decision and EU leaders summit [...]
Quote of the day: “Consistency requires you to be as ignorant today as you were a year ago.” ~ Bernard Berenson Good morning. The euro is trading lower after weeks of apparent calm in Europe, as focus in back on the debt crisis now that policymakers return from summer breaks. Some important data releases of the [...]
Quote of the day:“Concentration comes out of a combination of confidence and hunger.” - Arnold Palmer
EURUSD – 1.4375 @07:02 GMT
Good morning. The euro is under pressure after yesterday’s short-lived recovery near $1.45. A general strike is due in Greece, as the parliament meets to debate new austerity measures. Potential recoveries are likely to be minimal as [...]
NEW YORK (CNNMoney.com) — Stocks closed out their worst week in three months on Friday, but it’s a new week on Wall Street and investors are bracing for a slew of economic and corporate news to help set the tone.
With Black Friday less than two weeks away, all eyes will be on the retail sector. [...]
Quote of the day: The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some [...]
By Mark Gongloff And Jonathan Cheng
For financial markets, the thrill of fresh Federal Reserve action is apparently gone—for now, anyway.
Stock prices swung wildly Wednesday before the Dow Jones Industrial Average closed down 43.18 points, or 0.4%, to 11126.28. Treasury prices fell, and the dollar rallied, as investors reversed bets they had placed in anticipation [...]
Quote of the day: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan
EURUSD
Trading strategy: long at 1.3800, stop at 1.3730 (0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3950
Euro’s correction is completed and uptrend resumed [...]
So much for the double-dip recession and a new bear market. With upside surprises Wednesday in the Institute for Supply Management’s manufacturing survey and Friday morning’s August jobs report, it’s safe to say the correction in stocks is over.
I knew this was going to be a good week in the markets when I looked in [...]
