I hate to say it but Greece is in our cross hairs again. After a very bullish Friday due to more and more “we are almost finished with the PSI deal” Germany has come out over the weekend and made a bid to attach the next bail out for Greece to a release of fiscal sovereignty [...]
Forex commentary EUR/USD January 27, 2012
January 27, 2012 by · 1 Comment
Today the EUR/USD doesn’t look so healthy does it? It did make it ever so close to the 1.3200 level yesterday but was rejected to finish flat for the day. It would seem that the market is having doubts that all is well. The relative good news for Greece of more European Central banks considering taking it [...]
Fx commentary EUR/USD January 26, 2012
January 26, 2012 by · Leave a Comment
It sure is looking like the move to 1.3200 is likely. As I mentioned yesterday if the break was convincing and it was with a nice rejection seen on the daily chart. Now it has closed on its highs above the 1.3080 level resistance. I can say I expected the rise but was a bit [...]
Forex EUR/USD commentary January 25, 2012
January 25, 2012 by · Leave a Comment
It would seem that all it takes to show the EZ is out of recession is some good PMI data. Nice right? At least the purchasing managers feel a little better about the whole situation. I still have my doubts but the charts dont lie. Well they do but you would never know it unless [...]
EUR/USD Fx commentary January 24, 2012
January 24, 2012 by · Leave a Comment
The move on the Eur/Usd yesterday goes to show that fundamentals are just a side show in the markets sometimes. Of course they matter but then again sometimes they dont LOL. Which is why we trade the manipulation and watch the fundies rather than trade them. Everything seems to be going as planned with the [...]
Fx EUR/USD Commentary January 23, 2012
January 23, 2012 by · Leave a Comment
As everyone reading this knows when we talk fundamentals considering the Euro the Greek debt talks have come to the forefront. I really dont want to beat a dead horse on this but I cant deny that this deal is whats driving price action as of late. It seems the LTRO has done the trick [...]
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January 20, 2012 by · Leave a Comment
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Forex commentary EUR/USD January 20, 2012
January 20, 2012 by · Leave a Comment
I find it hard to believe the market can be this optimistic on the horror picture that is the Euro. Having said that this move up does not really surprise me. As I noted in yesterdays commentary the daily close was very bullish and it surely seems like the short squeeze is in full force [...]
FX commentary EUR/USD January 19, 2012
January 19, 2012 by · Leave a Comment
Its always nice to see a prediction of price movement come to fruition. However yesterdays price action on the EUR/USD was nothing less than a whipsaw. When I see days like this I can help but think the Smart Money has differing opinions of direction and are dueling it out right in front of our [...]
EUR/USD Forex commentary January 18, 2012
January 18, 2012 by · Leave a Comment
In todays EUR/USD commentary I am going to briefly discuss Greece. I think everybody could use a break on it LOL. Reports are looking better for the IIF and Greece making a deal however nobody I see believes the deal will be enough to make the debt sustainable and only buying time. Enough said. My [...]
Fx EUR/USD commentary January 17, 2012
January 17, 2012 by · Leave a Comment
Todays EUR/USD commentary is a bit late guys I apologize. However this does give me an opportunity to express a few things considering trading the Asian session. I have been getting many comments regarding trading Asia and now have a reason to discuss it since there has been a decent move for a change. First of [...]
Forex commentary EUR/USD January 16, 2012
January 16, 2012 by · 1 Comment
Hello all. I hope everyone had a great weekend. In todays Eur/Usd commentary the buzz word is “downgrades”. Since S&P finally came out and made them real. I’m sure a lot of us are wondering what it means for the markets. Even though there were several countries on the list the most important I see are France [...]
Forex EUR/USD commentary January 13, 2012
January 13, 2012 by · Leave a Comment
Its Friday the 13th and what does the market have in store for us today? Seems like the short squeeze is on. The ECB left its rates unchanged yesterday as expected. however the speech was so uneventful that the market seemed to think it was a good time to try and push out all the [...]
Recent Student Trade
January 12, 2012 by · Leave a Comment
Hi all. I thought it would be nice to post a recent trade one of our students took on his own without any help or guidance from us. We had already closed the room for vacation over the holidays and as any new trader does just as I did when I started is just keep [...]
EUR/USD Forex commentary January 12, 2012
January 12, 2012 by · Leave a Comment
Wednesday was interesting trading guys. With all the tape bombs during the day from more rumors of a French downgrade to Fitch coming out and saying the ECB needs to step up and do everything to prevent a Euro crash. Then saying the ECB cant do it alone LOL. The French downgrade was quickly squashed [...]
FX commentary EUR/USD January 11, 2012
January 11, 2012 by · Leave a Comment
Fx Commentary EUR/USD January 11, 2012 Hello all Today I will be focused more on the voluntary debt write downs forced upon holders of Greek debt. The clock is ticking and they need to have an agreement pretty much this week. As I mentioned yesterday there are still many hold outs and the number seems to be [...]
Forex commentary EUR/USD January 10, 2012
January 10, 2012 by · 1 Comment
Forex EUR/USD commentary January 10, 2012 The euro found substantial support at the daily level of 1.2667 and has made a nice 100+ pip move up which leaves the door open to test the next level higher around 1.2900 considering the daily charts. Intraday it does look to have some work ahead to bust thru [...]
FX commentary EUR/USD January 9, 2012
January 9, 2012 by · Leave a Comment
I apologise for the recent gap in the EUR/USD commentary guys. As you can see we are having the site redeveloped and I was told not to post anything for a few days. A word of warning also. Its not finished and there will more than likely be another gap coming up in the coming [...]
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January 5, 2012 by · Leave a Comment
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Forex EUR/USD commentary January 4, 2012
January 4, 2012 by · Leave a Comment
To be honest I didn’t quite expect that much optimism for the first solid trading day of the year. However it’s nice to see what you expect to come to fruition. The most interesting piece of news released last night as I was sleeping was the FOMC minutes. Not necessarily the minutes them self. Those [...]
EUR/USD FX commentary January 3, 2012
January 2, 2012 by · Leave a Comment
Hi all. Now is when things in the market will start getting interesting as we start to get back some normalcy this week. The market should be ramping up the volume in the next couple days as ADP and NFP jobs numbers are released and traders come back from vacation. The big one being NFP [...]
Forex commentary EUR/USD January 2, 2012
January 1, 2012 by · Leave a Comment
Happy New Year to all. I sincerely hope everyone had great holiday season with family and friends. I know this is the time that we should all be reflecting on the past year and make predictions for the coming year however I am not going to do that. To be honest I dont have the [...]
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EUR/USD Forex commentary January 31, 2012
Yet again we see another emergency EU summit come and go with nothing more than “we made a step forward”. That was the 17th summit that has turned up dismal results and nothing has really changed. The EUR/USD started the drop in Asia and never looked back running 145 pips before getting a decent pullback after reaching Fridays lows. [...]