A Tour of the Eurozone, In Two Charts

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EURUSD Daily 260313Europe remains a bit of a mess, and so it isn’t surprising that the Single Currency continues to experience hard times. No, it isn’t Cyprus, really, it’s what Cyprus means for the larger, more significant parts of Europe that may …

Cyprus Punches Above Its Weight, Catches the Euro’s Jaw

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EURUSD Hourly 180313The foreign exchange market isn’t literally 24/7, 365 days a year. All centers observe the January 1 holiday, and when New York gratefully shuts down on Friday evenings, nothing can occur until our friends in New Zealand get going in …

A Real Move Higher for EUR/USD?

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Good Afternoon, Friends. Back on September 4, I noted that while EUR/USD was “objectively” in an uptrend, I would prefer to look for places to sell it.  I really haven’t believed in the move higher by the Euro against the …

A Couple of Things to Watch

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Good Morning, Friends, I live during the week, and work, in lower Manhattan, and the police presence on this bright, sunny day is truly impressive. While I was in Boston at the time, a fair number of my colleagues were …

Getting Closer to a New Euro Short?

Good Morning! I’ve been out of the office for over two weeks, and it’s nice to be back with the gang on the desk. I’ve been watching the stochastics on the daily EUR/USD chart to get a sense of when …

The Next Move for the Euro: Up or Down?

My first boss back in the Cretaceous Period observed early in my tenure that “You only need to know four things: who’s long, who’s short, who’s under water, and who’s nervous”.  By last Thursday, the FX market was heavily short …

When Nuthin’ Isn’t a Cool Hand

Todd spends some time in his course discussing preparation for the day’s trading. One of the key elements of that process is knowing what potentially market-moving news is on tap, and when it will be released. I often trade numbers …

A New Direction for the Euro?

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The Euro, and Europe, spent a lot of time in headlines this weekend, as elections in France called the future of the fiscal pact into question, and polls in Greece offered a strong indication that the first exit from the …

Month End Matters

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Good Morning, Friends, Despite the initial dip yesterday evening, the reaction to S&P’s cut of Spain’s debt ratings was muted – that is, the world didn’t end – and Italy managed to get some paper sold without undue stress. Thus …