2010 April | FOREX-NATION

EUR/USD Wrap Up for April 29

Risk aversion weakens and jitters seem to have resided somewhat for the euro as comments out of Germany reassure the markets that the debt relief package is on its way. Hard-line comments from German officials early into the week sent the markets into a panic, but as I already mentioned in the above post, these

FOREX DAWN| EUR/JPY & GBP/USD Breakouts

I just want to start by having a quick look at the ’strength meter’ of yesterday and comparing it with today. Yesterday it clearly shows the market in ’safe haven’ buying mode, the Dollar and the Yen were the master currencies. With this type of pattern we certainly wouldn’t be looking to

FOREX DAWN| Sterling Breakout

A nice classic breakout trade this morning during the London session. All day yesterday and overnight cable has been ranging (blue zone), and it was just a matter of patients to see if it wanted to continue in that mode or push lower. In my opinion it was unlikely to push higher

EUR/USD Wrap Up April 27th

Fundamental data out of the U.S. and Euro zone paint a very murky picture as of today, as concerns over financial regulation in the U.S. is put on center stage today with Goldman Sach’s CEOs testifying before congress in the U.S., while Greek unions declare they will strike May 5 against austerity, Germany continues to

FOREX DAWN| Back to Trading with 2 Trades

Hi, nice to be back after a break doing other things. Two trades today, this first one with the EUR/JPY pair was quite satisfying as I very nearly didn’t take it due to the 30pip stop, and psychologically first day back had it gone against me it would have been a bit

EUR/USD Wrap Up April 22

EUR/USD made it’s way once more back below 1.3300 as the Greek tragedy continues and new data paints a bleak picture for the euro zone. Moody’s Investors Service once again downgraded Greece’s government bond ratings to A3 from A2 and stated that a further possible downgrade might be coming upon further

Trade Setups For April 20th

Here’s a few examples of how I used trendlines and moving averages to enter and exit some recent trades.

EUR/USD Bears Back in Business

We spent Friday and Monday in a risk off mode as worries about the Goldman Sachs SEC charges took over and sent the bulls running for cover. While we’ve seen some moderate bounces during the European sessions on Monday and Tuesday, and strong data out regarding the better than expected ZEW data (German April economic

EUR/USD Wrap Up for April 14

EUR/USD worked its’ way ever so slowly higher during the Asian session to 1.3666 as a ‘risk on’ move developed after reports from Singapore about tightening monetary policy by effectively revaluing the Sing Dollar around 1.4%. Talk of massive stops above 1.3700 combined with Moodys comments that Greece’s chance of

EUR/USD Wrap Up for April 12

A major development happened over the weekend that should have a boosting effect on the euro beyond what we’ve already seen. Bloomberg reported on Sunday that: European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal

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