Posts Tagged ‘Week’
You may occasionally give out, but never give up. ~ Dan Zadra Good morning. The dollar trades lower after Friday’s decline, as the euro tested resistance near $1.3200. USD Index The dollar index looks quite bearish on intraday basis, now that support at 80 has been breached. However, there’s still a good chance that this movement [...]
No one would ever have crossed the ocean if he or she could have gotten off the ship in a storm. ~ Charles Kettering Good morning. Dollar pulled back yesterday against its main counterparts and the question now is whether the move is corrective. USD Index Former resistance is currently providing support at 80. Uptrend is [...]
We fail far more often by timidity than by over daring. ~ David Gayson Good morning. The euro declined on Friday’s post NFP market reaction and Greek debt swap. Greece is again in focus as eurozone finance ministers meet today to discuss Greece’s second bailout final approval. Other important events on this week’s economic calendar are: [...]
>Well this week certainly had its dramas! It started off with me being cheeky and thinking that I had everything correctly coded only to realise I didn’t and that my little testing account was wiped out. It was really dumb and stupid of me to implement, what I thought was, a minor change, without testing. [...]
History is the version of past events that people have decided to agree upon. ~ Napoleon Bonaparte Good morning. Euro continues to weaken and so far there is no sign of relief. Some of the most important economic events this week are the interest rate decisions of RBA, RBNZ, BOC, BOE and ECB, the US Trade [...]
By Joel Kruger, Technical Strategist for DailyFX.com
LTRO and Bernanke behind us and risk still bid
S&P offers concerning and appropriate comments on LTRO
Fed Chair Bernanke a lot less dovish than markets desire
Outlook favors a pullback in global equities and higher yielding currencies
The week is nearly at an end and two major events are now behind us [...]
>This first week of 2012 only sparked one trade, although there was another looming! This means my strike rate for 2012 is 100% (woohoo)! =)
The risk-to-reward ratio was a tad over 1.5 – the initial stop was placed at the previous swing high being 70 pips away and the profit made was a tad over [...]
This week saw some pretty long extended moves in the forex market. The USDJPY took the majority of the stage as it weakened against the US dollar, however, another which saw me enter during the week was the movement on the USDCHF as it had a clearly defined entry point.
Overall the trade netted 130 pips [...]
If you make people think they’re thinking, they’ll love you; But if you really make them think, they’ll hate you. ~ Don Marquis Good morning. Dollar resumed decline as EURUSD rallied above $1.3300 resistance level. USD Index Support around 78 is back in focus after dollar resumed decline yesterday EURUSD yesterday’s breakout suggests more upside and [...]
Major Currencies vs. US Dollar
(week-to-date % change)
Talking Points
Euro at Risk as Recession Worries Replace Greece Fiasco in the Spotlight
Japanese Yen Tracking Treasury Yields, Focus on Fed Minutes and US CPI
British Pound to Face Selling Pressure as Data Bolsters Case for QE Boost
Commodity Dollars May Lose Support as Global Slowdown Fears Return
After weeks of preoccupation with [...]
