Forex Signals

In these matters the only certainty is that nothing is certain. ~ Pliny the Elder Good morning. Not much happened since yesterday, hence the trading ranges remain narrow. The dollar index holds onto gains above support formed by recent top, while the euro continues to hover around $1.300 in sideways trade. USD Index No change of [...]

Quote of the day:“Consistency is the last refuge of the unimaginative.” ~ Oscar Wilde Good morning. Euro is now trading above 1.3700 against the greenback, taking a breath after last week’s decline. Last 3 daily candles are suggesting that current recovery is likely to continue as there’s enough room for a correction to the upside [...]

Team Macro Man are currently on vacation and will be back sometime next week, so probably no posts before then.
But first some notes from here in the sunny Aegean seas.
Lobster pasta in basic tavernas is 90 Euros and interestingly it appears to be on most taverna menues. TMM find it hard to believe that every [...]

It’s been a while since the dollar is in free-fall mode against (and not only) the Japanese Yen and yet, many traders keep buying it again and again, expecting the BoJ to intervene and save their positions (at least once in a while). And here are some charts and recent positions stats (courtesy of Oanda): [...]

Quote of the day: “When a man tells you that he got rich through hard work, ask him: ‘Whose?’ ” - Don Marquis
EURUSD – 1.4236 @06:45 GMT
Good morning. There’s a nice daily pin bar formed yesterday on the daily charts, as the euro recovered on news that Greece agreed to a five-year austerity package with EU and [...]

Quote of the day:“Nothing is as simple as we hope it will be.” - Jim Horning
EURUSD – 1.4429 @06:46 GMT
Good morning. The euro recovered from 1.4330 where support was found but current recovery looks corrective and the pair may continue to fall on Greek worries. Intraday resistance is being tested at 1.4430/50 at time of writing, [...]

Quotable
“The slenderest knowledge that may be obtained of the highest things is more desirable than the most certain knowledge obtained of lesser things.”
                                          Saint Thomas Aquinas

Commentary & Analysis
Some rationales for a deeper commodities correction
There seems to be a scramble afoot to define exactly why commodities plunged across the board the other day. Some blame a big [...]

Quotable
“Every civilization has understood the dualistic interplay between changes and permanence, between male and female principles, between the yang and yin of creativity and preservation. And this creative tension is as much a driving force in politics and economics as it is in every other aspect of human psychology.
“Yet this all-important dualism of life and [...]

“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” - Paul Tudor Jones
Hello. I hope you are having a great weekend. It’s been an interesting week in the Forex market, with some large movements on both sides across the board. Let’s look at [...]

“The market is weird. Every time one guy sells, another one buys, and they both think they’re smart.”
Hello. It’s been a wild day: the euro declined below support at 1.3750, retesting last week’s lower levels on Trichet’s less-hawkish statement. We’ll see tomorrow if this 200-pip decline ahead of NFP was …