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Recent Posts
- Fx Commentary EUR/USD and GBP/USD February 23, 2012
- Day Trade EUR/USD February 17, 2012
- EUR/USD Day Trades February 16, 2012
- Forex Commentary EUR/USD February 22, 2012
- EUR/USD Forex Commentary February 21, 2012
- Fx EUR/USD Commentary February 20, 2012
- Forex EUR/USD Commentary February 17, 2012
- EUR/USD Day Trade February 15, 2012
- EUR/USD Fx Commentary February 16, 2012
- Fx Commentary EUR/USD February 15, 2012
- Recent Trade February 13, 2012 EUR/USD
- Recent Trade February 8, 2012 EUR/USD And GBP/USD
- Forex Commentary EUR/USD February 14, 2012
- EUR/USD Commentary Weekly Review February 11, 2012
- EUR/USD Forex Commentary February 10, 2012
- Non-Farm Payroll – Should You Trade Forex News?
- Fx Commentary EUR/USD February 9, 2012
- Fx EUR/USD commentary February 8, 2012
- EUR/USD Fx commentary February 7, 2012
- Forex commentary EUR/USD February 6, 2012
Archives
Category Archives: Currency Commentary: News, Economics
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
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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 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
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
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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
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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
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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
Forex commentary EUR/USD January 20, 2012
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 … Continue reading
FX commentary EUR/USD January 19, 2012
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 … Continue reading
EUR/USD Forex commentary January 18, 2012
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 … Continue reading
Fx EUR/USD commentary January 17, 2012
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 … Continue reading
Forex commentary EUR/USD January 16, 2012
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 … Continue reading
Forex EUR/USD commentary January 13, 2012
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 … Continue reading
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EUR/USD Forex commentary January 12, 2012
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. … Continue reading
FX commentary EUR/USD January 11, 2012
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 … Continue reading
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Forex commentary EUR/USD January 10, 2012
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 … Continue reading
FX commentary EUR/USD January 9, 2012
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 … Continue reading
Forex EUR/USD commentary January 4, 2012
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 … Continue reading
EUR/USD FX commentary January 3, 2012
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 … Continue reading
Forex commentary EUR/USD January 2, 2012
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 … Continue reading
FX Commentary EUR/USD December 21, 2011
Well it looks as though the Santa rally is on! Yesterday I was sceptical of a rise mainly being caused by a short covering scenario. However a 300+ point rally in the Dow is encouraging. I am still a little … Continue reading
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EUR/USD Holiday Rally Commentary – December 20, 2011
Hi all. Well so much for the Santa Clause rally everyone was hoping for. I guess there is still 5 days left until Christmas but things are not looking good with stocks dropping 100 points on Monday after the ECBs … Continue reading
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Forex Weekly Recap EUR/USD – December 19, 2011
After the latest emergency summit the EUR/USD tumbled as traders didnt buy the success of the deal at all this time. The 400 pip drop on Monday and Tuesday confirms traders seem to have lost any confidence in a swift … Continue reading
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EUR/USD FX Trading Commentary – December 14, 2011
Hi all. Todays news events were somewhat muted. there was a rumor of S&P downgrading France that never happened. the rumor did make the euro surge lower but didnt have any real follow thru. There was also an Italian bond … Continue reading
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EUR/USD Forex Commentary – December 13, 2011
Hi all. The euro acted as expected yesterday. I did have my timing a bit off and was stopped out +20 pips on my short but no biggie its still a good day. Considering we had the typical plethora of … Continue reading
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Forex Day Trading Commentary EUR/USD December 12, 2011
I was obviously wrong about any optimism concerning the EZ summit. It seems just as the US market didnt buy into the BS neither did Asia or London/Europe for that matter. There were a couple of tape bombs as we … Continue reading
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EUR/USD Forex Weekly Recap – December 11, 2011
As for the week ending Dec 9th. I was a bit surprised by the run up late in the day on Friday given the fact that most of the news during the week was euro negative considering the big “plan to have a plan” to fix the crisis. Although there was some positives from Germany on services PMI, factory orders and Industrial production. The fact that Germany alone cant bail out Europe doesn’t change. Continue reading
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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 →