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Recent Posts
- Daily Forex Market Commentary EUR/USD, GBP/USD, EUR/JPY May 17,2012
- FX EUR/USD, GBP/USD, USD/JPY Daily Commentary May 16, 2012
- Forex Daily Market EUR/USD, GBP/USD, EUR/JPY Commentary May 15, 2012
- Forex Market Commentary EUR/USD, GBP/USD, EUR,JPY May 14, 2012
- Daily Forex EUR/USD, GBP/USD, EUR/GBP Commentary May 11, 2012
- EUR/GBP London Session Live Room Trade May 10, 2012
- Forex Market Daily Commentary EUR/USD, GBP/USD May 10, 2012
- Asian Range Stop Run Day Trade EUR/GBP May 9, 2012
- GBP/USD NY Reversal Trade Setup: May 7th 2012
- Forex Commentary EUR/USD, GBP/USD May 9, 2012
- FX Daily EUR/USD, GBP/USD, Commentary May 8, 2012
- Daily Forex EUR/USD, GBP/USD Commentary May 7, 2012
- Protecting Your Financial Future – Lesson’s From 1929
- EUR/USD, GBP/USD, EUR/JPY Daily Forex Commentary May 4, 2012
- FX Daily EUR/USD, GBP/USD Commentary May 3, 2012
- Daily Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY May 2, 2012
- Forex Daily Commentary EUR/USD, GBP/USD, EUR/JPY May 1, 2012
- Daily Forex EUR/USD, GBP/USD, EUR/JPY Commentary April 30, 2012
- BOJ Monetary Policy Stop Run April 27th, 2012
- Forex Commentary EUR/USD, GBP/USD, GBP/JPY April 27, 2012
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Author Archives: Chad
FX EUR/USD, GBP/USD, USD/JPY Daily Commentary May 16, 2012
The EUR/USD weakness I have been harping about the past several days came out in a big way yesterday with the 150 pip fall from the highs. Of course it was helped by the Greeks finally admitting they couldnt get … Continue reading
Posted in Daily Forex Trading Commentary - Currency Analysis
Tagged Building Permits, Capacity Utilization Rate, Empire State Manufacturing Index, eur/jpy, eurusd, forex course, forex education, forex market commentary, forex news, forex training, fx training room, GBP/JPY, gbpusd, Greek bailout, Housing Starts, Industrial Production
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Forex Daily Market EUR/USD, GBP/USD, EUR/JPY Commentary May 15, 2012
The fact that the EUR/USD could not come back and close the 16 pip gap on Monday goes to show just how weak the Euro is these days. I feel sorry for the gap traders out there as 2 Mondays … Continue reading
Posted in Daily Forex Trading Commentary - Currency Analysis
Tagged Core CPI, Core Retail Sales, CPI, Empire State Manufacturing Index, eur/jpy, eurusd, forex course, forex education, forex market commentary, forex news, forex training, fx training room, GBP/JPY, gbpusd, Greek bailout, Retail Sales, Troika
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Forex Market Commentary EUR/USD, GBP/USD, EUR,JPY May 14, 2012
For a second consecutive Monday we open with a gap. This time it is much smaller than the 70 pip one from last Monday. Closing a 16 pip gap is much easier and this one I am rather sure will … Continue reading
Daily Forex EUR/USD, GBP/USD, EUR/GBP Commentary May 11, 2012
The EUR/USD held its bottoming formation yesterday however it has broke it this morning during the Asian session and looks set to make a further push down. That doesnt surprise me considering the unraveling that is happening in Europe right … Continue reading
EUR/GBP London Session Live Room Trade May 10, 2012
The live room sessions are mainly for education purposes but its is nice when we see trades occur during them. This one on the EUR/GBP was during the London session on Thursday May 10th. The main pairs I watch were … Continue reading
Forex Market Daily Commentary EUR/USD, GBP/USD May 10, 2012
What a mess the market was yesterday with the EUR/USD doing absolutely nothing during the London session and the GBP/USD running off for what seemed no reason at all without even being good enough to provide me an entry. The … Continue reading
Asian Range Stop Run Day Trade EUR/GBP May 9, 2012
Here is a classic Asian range stop run trade that we see on a regular basis. The EUR/USD was doing a whole lot of nothing during the London session while the GBP/USD ran off with out providing a safe entry. … Continue reading
Forex Commentary EUR/USD, GBP/USD May 9, 2012
The EUR/USD did make the reversal of the 3 pushes intraday yesterday and now has made a choppy push to the downside. If I try and clear it up by going to the 4hr chart it shows me 2 pushes down … Continue reading
FX Daily EUR/USD, GBP/USD, Commentary May 8, 2012
Both the EUR/USD and GBP/USD definitely had more desire for the the run up than I expected yesterday. I did think the GBP had more potential to the upside but it seems there was a much bigger desire to fill the gap … Continue reading
Daily Forex EUR/USD, GBP/USD Commentary May 7, 2012
The EUR/USD has had the gap down I mentioned in our forum over the weekend due to the elections in France and Greece. The French were somewhat expected to get rid of Sarcozy but the Greek wild card could still … Continue reading
EUR/USD, GBP/USD, EUR/JPY Daily Forex Commentary May 4, 2012
After leaving interest rates at 1% it would seem that Mario Draghi is a better Euro pumper than Jean Claude Trichet was. The way the market reacted sure looked like I wasnt the only one thinking they may do a … Continue reading
FX Daily EUR/USD, GBP/USD Commentary May 3, 2012
Well with the across the board negative European PMI data yesterday the stops above the 1.3300 level in the Euro didnt seem so attractive and we have had a decent 2nd push from the highs and expecting the third today. … Continue reading
Daily Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY May 2, 2012
The low volume and ISM Manufacturing data put a halt to any stop run to the upside on the Euro yesterday and now we have the decoupling theory creeping back into the markets. How long it will last is the … Continue reading
Forex Daily Commentary EUR/USD, GBP/USD, EUR/JPY May 1, 2012
Happy May Day everybody. Its actually Labor Day here in the Philippines. Considering many countries around the world are on holiday the market could be rather boring and at the same time have potential for wild swings on low volume. … Continue reading
Daily Forex EUR/USD, GBP/USD, EUR/JPY Commentary April 30, 2012
Well the BOJ did as I expected and added another 10 trillion Yen to the market, even though I had to eat a little crow with the reports. However it would seem that the market simply ate that for lunch … Continue reading
Forex Commentary EUR/USD, GBP/USD, GBP/JPY April 27, 2012
First off I need to make a correction on my April 26th forex commentary. When I mentioned that the BOJ had more or less promised more easing this meeting I was wrong. It wasnt the BOJ it was Bloomberg. When … Continue reading
Forex Daily EUR/USD, GBP/USD, GBP/JPY Commentary April 26, 2012
Even though the market seemed to be waiting for the Fed yesterday the big surprise was from the UK GDP figures signaling that the UK is back in recession and we had a quick 70 pip drop in the GBP/USD … Continue reading
Daily EUR/USD, GBP/USD, GBP/JPY Forex Commentary April 25, 2012
Yesterday we had a nice entry short on the EUR/USD in the live training room but it seems like the Smart Money had a change of heart during the US session and I was stopped out at break even. As … Continue reading
Fx Commentary EUR/USD, GBP/USD April 24, 2012
Looking at the EUR/USD and GBP/USD today at first glance I would think the Euro wants to go down while the GBP wants to go up. Having said that my bias is more to the downside for both pairs. The … Continue reading
EUR/JPY Confluence of Events Trade April 20, 2012
Hi all Here is the trade I took on Friday April 12. When the markets are not clear the way we take the higher probability trades can be taken using some confluence of events. Meaning the clues the Smart Money … Continue reading
EUR/USD, GBP/USD, EUR/JPY Daily FX Commentary April 23, 2012
The markets seem to be a little disappointed with what happened at the G20 and IMF meetings over the weekend. Of course to a degree I expected the “all is well” jibber jabber as usual but every time this happens … Continue reading
Forex EUR/USD, GBP/USD Daily Commentary April 20, 2012
We did have a good trading day yesterday with a nice short on the GBP/USD in the fx training room, booking 45 pips on the drop just before it retraced the whole move. For being the day of the Spanish … Continue reading
Daily Forex Commentary EUR/USD, GBP/USD, GBP/JPY April 19, 2012
I sure hope some of you caught that move on the GBP/JPY yesterday. At the start of the European market I saw that it was at its highs of the day and London rarely just continues with a move like … Continue reading
FX Commentary EUR/USD, GBP/USD, GBP/JPY April 18, 2012
The charts of the EUR/USD and GBP/USD are somewhat clearer today with a 1st push up from the lows and then chop all day yesterday on the Euro. At this point I am more inclined to say it will make … Continue reading
Posted in Daily Forex Trading Commentary - Currency Analysis
Tagged Day Trading, ECB, eurusd, forex news, Forex Trading, fx commentary, fx day trading, GBP/JPY, gbpusd, TBTF
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Forex Daily Commentary EUR/USD, GBP/USD April 17, 2012
Hi everyone. As I look through my news this morning to find any purpose for the 130+ pip rise in the Euro I could only find one of which I will cover in a minute. I know Sterling mentioned in … Continue reading
Daily FX Commentary EUR/USD, GBP/USD April 16, 2012
As I look at my charts this morning it is surly looking like I have missed the boat. I actually kind of doubt it but may not get a decent trade today seeing the EUR/USD having already dropped 60+ pips. … Continue reading
Forex Day Trading Commentary EUR/USD, GBP/USD April 13, 2012
Again leave it to the ECB to hint at buying sovereign bonds again and crush my plan for the day. Then later on a couple of Fed members speaking like I mentioned yesterday and bad unemployment numbers to boot. Now we have a slight … Continue reading
Forex Trading Commentary EUR/USD, GBP/USD, EUR/JPY April 12, 2012
Well trading the 3rd push chop is always a bit riskier but yesterday I have to say it was me who messed up my trades. I had a nice EUR/JPY short running and stepped away from my desk after I … Continue reading
FX EUR/USD, GBP/USD, EUR/JPY Commentary April 11, 2012
The EUR/JPY trade that I was planning Tuesday had a different idea all together. Mainly due to a combination of news events that switched the markets to a risk off situation with the Bernanke speech that everyone expected a hint … Continue reading
Stop Run Reversal USD/CHF Short April 10, 2012
Trading was rough on Tuesday with the pair I liked the most not giving anything clear (EUR/JPY) mainly because of some news that turned the market into a risk off scenario and the USD/JPY started south during the Asian session … Continue reading
Fx Commentary EUR/USD, GBP/USD, EUR/JPY April 10, 2012
After yesterdays price action the markets are a little more clear and I am more confident we have seen the first push up and will be looking for the long today. Of course I followed my plan and took the … Continue reading
Forex Commentary EUR/USD, GBP/USD April 9, 2012
At this point guys I am in wait and see mode. With a disappointing NFP on Friday last week we seemingly had a level up but we need to be weary of reversals built on news. If there is a higher chance … Continue reading
EUR/USD, EUR/JPY Short Trade April 5, 2012
As I mentioned in the April 5th forex commentary we were only looking for the short here. I was expecting more of the retracement before the trade but I saw they were trapping long positions during the Asian session and took … Continue reading
EUR/USD, GBP/USD ,EUR/JPY Forex Commentary April 6, 2012
I sure hope everybody who reads this commentary got a good trade yesterday. As I noted most all the pairs I trade had a level 2 push and these trades have a very high probability of going the direction the … Continue reading
Posted in Daily Forex Trading Commentary - Currency Analysis
Tagged Day Trading, ECB, eur/jpy, eurusd, forex news, Forex Trading, fx commentary, fx day trading, gbpusd, LTRO
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FX Commentary EUR/USD, GBP/USD April 5, 2012
Hi all. Well its not the prettiest level 2 I have seen but as it stands we have had the 2nd drop on the EUR/USD. We also have 3 levels of intraday drop so at this point the most likely … Continue reading
GBP/USD, EUR/USD Forex Commentary April 4, 2012
There is nothing like the Fed coming out and ruining my trade plan for the day. However it has made the charts a bit more clearer. At this point we do have the first leg down on both the EUR/USD … Continue reading
FX EUR/USD, GBP/USD Commentary April 3, 2012
Hi all On Monday the EUR/USD did as expected and had a manipulation move to the upside before the 100 pip drop. Unfortunately I missed the entry and had to sit on the sidelines and watch. I did manage to … Continue reading
Forex Commentary EUR/USD,GBP/USD April 2, 2012
Hi guys. There hasnt been much that has changed since the weekly wrap although we did have a gap up this morning due to some Manufacturing PMI data released by China. The AUD/USD had the biggest jump but the EUR/USD … Continue reading
Weekly Wrap Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY April 1, 2012
The Charts The Euro has formed a 3 level drop in what I would consider level 3 price action and after the sharp rise to a topping formation I have a small bias to the downside for Monday. Im expecting … Continue reading
Posted in Daily Forex Trading Commentary - Currency Analysis
Tagged BRICS, day trade, Day Trading, eur/jpy, eurusd, forex news, Forex Trading, fx commentary, fx day trading, GBP/JPY, gbpusd, Germany, Greece, PIIGS
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Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY March 30, 2012
Well guys the markets did what I liked yesterday and we had the upside manipulation on both the EUR/USD and GBP/USD. I took the pound just as the Asian box was ending and managed 40 pips on the trade. I … Continue reading
EUR/USD, EUR/JPY, GBP/USD FX Commentary March 29, 2012
Hi all. The EUR/USD and GBP/USD seem a bit confused on direction with the Euro dropping back and finding support on its previous level 3 price action and the Pound dropping back into its level 3. As I mentioned last … Continue reading
Forex EUR/USD, GBP/USD, EUR/JPY, GBP/JPY Commentary March 28, 2012
The EUR/USD and GBP/USD did make a small attempt to push up yesterday but seemed to be held up to some extent. We did have members who caught the short run up. However I missed those trades as I felt … Continue reading
FX Commentary EUR/USD, GBP,USD March 27, 2012
The EUR/USD didnt quite go as I expected yesterday. It did make the nice move down after the end of the Asian box but didnt provide a nice entry so I missed that trade. However once it hit the lows … Continue reading
EUR/USD Day Trade Long March 26, 2012
This EUR/USD trade is about as pretty as they get for level 3 trades. Especially in the middle of the level 3 price action. The first thing I want to point out is the market has moved almost exactly 90 … Continue reading
Forex Commentary EUR/USD, GBP/USD March 26, 2012
There is really not alot to comment on with the charts of the EUR/USD and GBP/USD. Both have made a false push to level 1 and retreated back to the level 3 price action to make a test of the … Continue reading
Forex EUR/USD, GBP/USD, EUR/JPY Commentary March 23, 2012
Just as outlined in the Forex Commentary from yesterday the EUR/USD and GBP/USD made the nice move to the downside after the manipulation making the stop run to the upside. I actually expected a bit deeper of the pullback but … Continue reading
GBP/USD Short trade March 14, 2012
Here was yet another good shorting opportunity on Tuesday March 14th. The market had been chopping around in some level 3 price action. Once it came up and tested the previous days highs and came back for another swipe the … Continue reading
GBP/USD, EUR/USD, EUR/JPY Forex Commentary March 22, 2012
This is level 3 trading for us guys. The EUR/USD tried to make a break to the topside but showed it was merely a stop run as they collected orders for 4hours then ran price down to trigger any stops … Continue reading
FX USD/CHF, EUR/USD, GBP/USD Commentary March 21, 2012
The EUR/USD and USD/CHF were showing the nicest levels yesterday and have been very nicely correlated with the EUR/CHF trading close to the floor set by the Swiss National Bank This should hold as long as they maintain the floor and there … Continue reading
GBP/USD, EUR/USD FX Commentary March 20, 2012
Well the EUR/USD and GBP/USD did exactly as expected in yesterdays commentary. I didnt catch the whole move but did manage 50 pips on both pairs. The move started so late in the day and since I am not feeling … Continue reading
FX Commentary EUR/USD, GBP/USD March 19, 2012
This should be an interesting week guys. Since its is fairly light on scheduled news events the Smart Money will be free to play as they do normally and the EUR/USD and GBP/USD have had some nice levels created Friday … Continue reading
Forex EUR/USD, GBP/USD Commentary March 16, 2012
The EUR/USD has been finding support at the daily lows from February 1st and the 6th. It has also already tested the daily closes from March 6th and 9th and been rejected yesterday. This gives me a slight bearish bias. … Continue reading
Forex Commentary EUR/USD, GBP/USD March 15, 2012
Its tough to work on Wall Street if you have a conscience. To start off todays commentary I want to briefly discuss the New York Times article by Gary Smith and his decision to leave Goldman Sachs for ethical reasons. … Continue reading
EUR/USD, GBP/USD Forex Commentary March 14, 2012
At this point it sure looks like we may be getting back to some normal market conditions rather than the markets running on risk. With the Dow finally closing above 13000 it sure looks like we may be getting back … Continue reading
FX EUR/USD, GBP/USD and EUR/GBP Commentary March 13, 2012
I have a feeling that the market may be waiting for the Federal Reserve announcement this week before any major movements. There is still a bunch of conflicting opinions on whether or not there will be any hints of a … Continue reading
Fx Commentary EUR/USD March 12, 2012
Welcome to Bizarro World. The place where everything is the opposite of what we know as normal. Maybe I am showing may age here again but as I read through some of my favorite news sources I just cant help … Continue reading
EUR/USD FX Commentary Weekly wrap Up March 10, 2012
This is the default we were looking for. The ISDA did declare a credit event with the activation of Collective Action Clauses used to force the holdouts of Greek bond holders that were issued under Greek law. They needed a … Continue reading
Forex Commentary EUR/USD March 9, 2012
It sure seems like we may never see the end of the Greek PSI deal. Just how long can they keep postponing this? We are only 11 days from the maturity of 14 billion of Greek bonds that we all … Continue reading
EUR/USD Forex Commentary March 8, 2012
If there ever was a day that we should all take a break from the markets today would be one of the highest on my list. Not only is the Greek PSI deal release scheduled to come out around 11:00GMT … Continue reading
FX Commentary EUR/USD March 7, 2012
Crunch time is at hand for the EUR/USD. More likely for the Euro all together. The hold outs are mounting up for a battle and the groups are getting bigger. With the Greek police pension fund joining. This release came … Continue reading
Forex EUR/USD, GBP/USD Commentary March 6, 2012
Time is ticking away for the festering pimple on the forehead of the world known as Greece. Dont get me wrong I have nothing against Greece but what I am sure of is most every sane person would agree that … Continue reading
FX Commentary EUR/USD, GBP/USD March 5, 2012
This week is going to be rather busy for the EUR/USD considering the widely known deadline for the Greek PSI deal getting finished by March 8th in order to get all the paperwork in line and Greece get its chunk … Continue reading
EUR/USD Trade March 1, 2012
Below is a video of one of the trades I took March 1st. The market has come off of a third level rise. Made a not so pretty topping formation and started the first level of reversal. Since we know … Continue reading
EUR/USD Forex Commentary March 2, 2012
“This is not the credit event you are looking for.” LOL Maybe I just gave away my age but I find it funny to see how the big banksters use the “force” trying to convince everyone that all is good … Continue reading
FX EUR/USD Commentary March 1, 2012
Its looking like the decoupling theory is coming back folks. We had better than expected GDP numbers from the US, better Chicago PMI, Consumer confidence and lets not forget good old helicopter Ben said all is well in his testimony for Congress … Continue reading
Forex Commentary EUR/USD February 29, 2012
The EUR/USD did not act quite as expected yesterday although my short did run 60 pips before it came back to hit me break even. I expect this V bottom on the 15 minute chart during the US session was … Continue reading
EUR/USD Fx Commentary February 28, 2012
The EUR/USD is going to be interesting to trade over the next couple days. With the S&P downgrading Greece to Selective Default and the German parliament voting overwhelmingly to give Greece the next bail out things are only going to get more … Continue reading
Fx Commentary EUR/USD February 27, 2012
Its not very often I add a news source to my long list of providers. With Bloomberg, Reuters, FT, Forex factory and most often Zero Hedge I have plenty of places to keep me up to speed on the news. … Continue reading
Forex EUR/USD Commentary February 24, 2012
So all is good in the world as of yesterday. The EUR/USD rallied well above 1.3300 and will most likely challenge 1.3400 today. US unemployment claims were outstanding and the US 7yr treasury auction went off without a hitch. Even … Continue reading
GBP/USD and GBP/JPY trades February 21, 2012
Today was a great trading day. Of course I did the same thing as always and waited for the SM to show the trap move after the accumulation and got short the GBP/USD from 1.5854. It even came back and … Continue reading
GBP/USD Forex Trade February 20, 2012
Trading the GBP/USD was the wrong choice for today given the fact that the EUR/USD made a nice 70+ pip move while the Cable just meandered around but thats forex trading for you. Facing the fact your not going to … Continue reading
Fx Commentary EUR/USD and GBP/USD February 23, 2012
Today I want to give everybody a break on the Greek ordeal other than to say Fitch came out and downgraded them yesterday. It seems they are most often late to the party. Oh well at least they still get … Continue reading
Day Trade EUR/USD February 17, 2012
This EUR/USD trade was a great level 2 trade even though I missed the first entry. I should have made over 60 pips which would have been 3 t0 1 on my 20 pip risk but I did manage to … Continue reading
EUR/USD Day Trades February 16, 2012
Here are my EUR/USD day trades from Thursday Feb 16th. We feel its just as important to post the losers as well as winners and this day I took 2 trades and lost a total of 25 pips for the … Continue reading
Forex Commentary EUR/USD February 22, 2012
In todays commentary I wont mention that we have the Greek deal. Mainly because even though its made muster with the EZ finance ministers there are still some road blocks ahead check out these two articles from Zero Hedge. One … Continue reading
EUR/USD Forex Commentary February 21, 2012
As I mentioned in yesterdays forex commentary the IMF had began working on the estimates for the Greek debt to GDP and had come out with a preliminary estimate of 129% by 2020. ( I was off by 6% but does … Continue reading
Fx EUR/USD Commentary February 20, 2012
As I was talking to one of our students over the weekend he asked me what I thought the Euro would do this week. I told him I expected a gap up and a push considering what I just saw. I … Continue reading
Forex EUR/USD Commentary February 17, 2012
So now all is good in the world and the rally is back. Well not so fast. Of course we had the direction of the market right yesterday as we tracked the Smart Money but they had a bit more … Continue reading
EUR/USD Day Trade February 15, 2012
The trading day didn’t start off so well with an aggressive entry and a -15 pip hit. However it ended great with 2 positions. One getting stopped by a couple pips at +58 pips and the other I closed manually when I … Continue reading
EUR/USD Fx Commentary February 16, 2012
I cant help but notice all the BS that has been floating around the markets yesterday. All of a sudden again China is going to help the EZ by investing in the EFSF. At the same time the Chinese say … Continue reading
Fx Commentary EUR/USD February 15, 2012
Well guys Greece is not out of the woods yet. They are seemingly falling off the radar but still being watched. Yesterday the leader of the EZ finance ministers Jean-Claude Junker said Greece hasnt yet met all the conditions to get the … Continue reading
Recent Trade February 13, 2012 EUR/USD
This turned out to be a beautiful trade but took for ever to show me the money. The first entry was taken after the 2 pins to the high of the day but was a bit aggressive and I did … Continue reading
Recent Trade February 8, 2012 EUR/USD And GBP/USD
These 2 trades turned out very well. Looking at the Euro chart first it had made a 3 level rise from the lows of Asia. (notice there are no red candles but 2 hesitations where the SM was absorbing stops) The … Continue reading
Posted in Recent Day Trades - Forex Trade Setups
Tagged day trade, Day Trading, eurusd, forex education, gbpusd, trading strategy
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Forex Commentary EUR/USD February 14, 2012
First off I should apologize for skipping yesterdays commentary. I thought since I put out a weekly wrap up that I would give Greece a break and you guys for that matter. I received a lot of emails asking what happened so I am … Continue reading
EUR/USD Commentary Weekly Review February 11, 2012
I usually dont do a weekly review for the forex market commentary unless its warranted and this week it is. I had to laugh when Steve commented on yesterdays commentary when he said “Greek deal? Yea riiiiight” I have really … Continue reading
EUR/USD Forex Commentary February 10, 2012
So now we have a debt deal for Greece. Yee Haw! Or do we have a deal? Something in my gut tells me it has more prospect to be a deal in words only but lets enjoy the fact that … Continue reading
Fx Commentary EUR/USD February 9, 2012
In todays commentary Im going to give you all a break on Greece and we are going to discuss France where they have a presidential election coming up. Its sure looking as tho Sarkozy is going to lose. After being … Continue reading
Fx EUR/USD commentary February 8, 2012
All seems well in the world judging by the 150+ pip rise in the Eur/Usd yesterday. However as I go through all my news feeds I really dont see that much has changed. The Greek deal still hasnt been finalized … Continue reading
EUR/USD Fx commentary February 7, 2012
The Euro yesterday was plagued with rumors about rumors on the Greek fiasco. First the politicians are blowing past the deadline. Then they say there was no deadline LOL. They are holding steadfast on not implementing wage and bonus reforms. Then they are giving in. … Continue reading
Forex commentary EUR/USD February 6, 2012
With Fridays Non Farm payroll numbers in the past its back to trading as usual . However there are many questions to be answered considering the much better than expected numbers. The fact is the Bureau of Labor Statistics did change … Continue reading
Forex EUR/USD commentary February 3, 2012
Happy NFP day everyone. Pretty much as I expected yesterday was fairly muted and the Euro was in a 50 pip range until the Chinese stepped in and said they are looking at dumping cash into the ESM and EFSM … Continue reading
Fx commentary EUR/USD February 1, 2012
Again the Eur/Usd commentary is started with Greece in the cross hairs. I know it seems to be beating a dead horse but we simply cant ignore what is going on since the abrupt changes are happening left and right. Yesterday the Greek … Continue reading
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 … Continue reading
Fx EUR/USD commentary January 30, 2012
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 … Continue reading
Forex commentary EUR/USD January 27, 2012
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 … Continue reading
Fx commentary EUR/USD January 26, 2012
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 … Continue reading
Forex EUR/USD commentary January 25, 2012
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 … Continue reading
EUR/USD Fx commentary January 24, 2012
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 … Continue reading
Fx EUR/USD Commentary January 23, 2012
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 … Continue reading
Daily Forex Market Commentary EUR/USD, GBP/USD, EUR/JPY May 17,2012
Hello all Its looking like we may be getting a turn around from the drop into the abyss. The EUR/USD is showing a nice looking bottoming formation and does show more potential for a long position today. After several pushes … Continue reading →