Weekly Redux Is Ticking Off A Lot of People
I was out of town at the end of last week on some personal business, so I missed Euro popping into new lows and breaching volatility levels unseen for some time. Coming back this week,
Category: Forex and Futures Commentary
EUR/USD's Eerie Hover Over Major 50% Retracement
Like Frodo and Sam at the hellish gates of Mordor, EUR/USD is hovering eerily over its major 50% retracement of 1.2135-2 (appx. with variation due to bids). Key levels like this don’t come along too
Trials & Tribulations of the Euro
Visual Economics just posted this graphic a couple days ago (5-13-10) in regards to the current state of the Euro. Since the last trail of data and after last week's events / this week's German
‘The Technical Analyst' Announces Best of the Best Shortlist 2010
‘The Technical Analyst‘ Magazine (UK based) announced their best of the best shortlist for 2010. Winners are announced at the Awards Ceremony on March 25. For the rankings we care about, ‘Best FX Research and
Quick Chart Update: EUR/USD
In what began to look like a textbook bearish flag pattern before we reached the Pt. 1 highs on the chart below, EUR is still feeling the pain of the downtrend triggered by the better
CHF Intervention and Short Term USD
When we look at the range of opportunities as traders, one world typically comes to mind: volatility. Today provided us with perhaps some of the biggest string of events we have seen a several weeks,
A Correction Arrives (Finally)
The S&P 500 has fallen approximately 46 pts from its highs, keeping risk traders at bay and pairs such as GBP/USD, EUR/USD and AUD/USD remain consolidated, with downside support levels under constant pressure. Throughout this
Radical Rate Cuts Expected Today from ECB, BOE
The euro and pound have been dropping steadily over the past 20 hours on speculation of dramatic cuts in interest rates. Both are expected to announce cuts at around noon GMT today (7:00am EST –
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