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The Euro has taken a bashing recently losing 16% of it’s value since the start of the year, but is it really a problem? Lots of European countries have just crawled out of recession and with the ever present threat of a double dip just round the corner a cheap Euro is Read more FOREX DAWN| Euro Perspective Apologies in advance for the audio quality. Apparently my voice was too loud for the mic this time, but if you can get past the audio, I think it’s a decent analysis of the week’s events and set ups. There’s not much else to the story besides the headline, but what a headline in a time such as this. This is perhaps a big reason for the most recent huge spike upwards. Here’s the link. I’m having an issue with hyperlinks so you’ll have to copy and paste it into your browser’s address bar. Hi all, no trading at the beginning of the week as nothing was setting up the way I like so I’ve stayed out of the market. Today I had a trade where all the boxes got ticked. A very nice overnight Asian session consolidation period with the strength indicator showing a rising Read more FOREX DAWN| EUR/AUD Long Trade This pair continues to reverse dramatically on it’s year long downtrend, and normally I’m not a trader who picks tops or bottoms but with such a turbo-charged turn around I have opened 10 micro lots @ 1.4450 for a long term trade perspective. My historical data goes back to 2001 and Yesterday we saw another collapse on the euro just as signs that the currency had begun to dust itself off appeared. Germany’s move to ban naked short sales of euro-denominated government bonds, credit default swaps based on those bonds, and shares in Germany’s 10 leading financial institutions was not taken as Read more EUR/USD Wrap Up for May 19 The most recent spike downward has been caused by a report from Reuters that Merkel will announce a ban on naked short-selling of stocks and European government bonds tomorrow. Short-sale bans on shares have been used as temporary measures in the wake of the Lehman collapse but this is the first ban on the sale Risk aversion has subsided lately, as global stocks are doing better, oil was up over 2 bucks, and the euro had a good morning during the European session, seeing across the board improvement. There are some who have started to argue that the EUR/USD has found a bottom, for now anyways, as the EUR/USD has Read more EUR/USD: Have We Found a Bottom? If you want an ounce of gold the price is currently at 969€…. I’d hurry they’re selling like hot cakes. Gold has broken it’s previous daily high, but why the sudden rush? ……… risk aversion or as it’s sometimes called the flight to safety. This is a clear sign that all is Read more Gold Fever |
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