Draghi Smacks the Euro

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EURUSD Hourly 060513Good Morning, Friends. Those who are short EUR/USD, which has been in a relatively narrow 1.2950/1.3250 range for the past couple of weeks, got some assistance this morning as ECB President Draghi observed during a speech in Rome that he …

Is a GLD Short Glittering? How About the Euro?

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GLD Daily 020513Good Afternoon, Friends. It was noted this morning prior to the opening that Gold futures were having a nice push higher, which prompted me to take a look at the daily charts, first of the contract, and then of the …

Some Levels to Watch in EUR/USD

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EURUSD Daily 190413It’s Friday, in fact, about fifteen minutes prior to the close as I begin typing, and it’s been quite a week, particularly for those of us who live in the Boston ‘burbs. Despite, or because of everything, I’ve had an …

EUR/USD Update

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EURUSD Daily 170413Good Morning. “Big figures”, in FX parlance – prices ending in two zeroes – tend to exert some gravitational force, and at present, selling interest at 1.3200 seems to be inhibiting any move higher in EUR/USD. This is also well …

Potential EUR/USD Short Setup

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EURUSD Daily 140413Here’s hoping that everyone has had a good weekend. As you’re aware, the Euro has been in a general decline against most other currencies, including the U.S. Dollar (EUR/USD). In recent days, it has staged a modest rebound, and is …

It’s Monday Morning Somewhere …

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USDJPY Daily 070413In Tokyo, for instance, although it’s still early evening on the east coast of the U.S., and the Yen is continuing to fall – and the Dollar rise – in response to the Bank of Japan’s (BOJ) willingness to go …

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 …

A Quick Update on EUR/USD

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EURUSD Hourly 210313Germany’s Purchasing Managers Index for manufacturing, a forward looking measure of economic sentiment, came in at 48.9 for March, unexpectedly below February’s 50.3 print. This reduced enthusiasm for the Euro, which wasn’t all that robust in any case, given that …

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 …