Following Up on the ECB Meeting

EURUSD 3 Minute 030414

EURUSD 3 Minute 030414

Good Morning (EST), Friends. The European Central Bank’s Governing Council met today and did nothing. That’s technically incorrect; they no doubt did quite a few things, but none of them involved a policy change. There was a mild response in …

The ECB, the Euro and Non-Farm Payrolls

EURUSD Hourly 060314

EURUSD Hourly 060314Good Morning, Friends. Although we trade technically, there are still events and other fundamental inputs that we need to be aware of in order to take advantage of potential opportunities, while avoiding possible pitfalls. Meetings of major central banks are …

Trading Around the Crimean News

USDJPYDaily020314

ESH4Hourly020314Good Evening (EST), Friends. As I hunt and peck on the keyboard, the E-mini futures are down roughly 17 points. This appears to be related to concerns that the situation in the Ukraine/Crimea will escalate into something that is more …

Some Pre-Weekend Currency Thoughts

$TNX Daily 201213

$TNX Daily 201213Happy Friday, Friends. The Fed’s tapering process has commenced. As would be expected from the FOMC, particularly given its current composition, the step was a modest one, with the only surprise the equal reduction (by $5 billion each, monthly) of …

The ECB Acts, the Euro Responds

EURUSD Hourly 071113

EURUSD Hourly 071113Hi, Friends, We still have tomorrow’s non-farm payrolls report to look forward to, but the European Central Bank generated some headlines earlier today by cutting its main lending rate to 0.25% from 0.50%. Central banks are normally concerned with combatting …

EUR/USD Ahead of Thursday’s ECB Meeting

EURUSD Daily 051113

EURUSD Daily 051113Good Morning, Friends; here’s hoping that everyone’s trading is going well. There are an unusual number of cross-currents in EUR/USD at the moment. There is an ECB meeting on Thursday, at which Pres. Draghi is widely expected to comment on …

What a Difference a Day Makes, Sometimes

ESZ3 Daily 111013

EURUSD Daily 111013Happy Friday, Friends. It hasn’t been a dull week, at least. Let’s talk about the daily charts of the E-mini and EUR/USD. They aren’t well correlated at present, by the way. I had thought, apparently incorrectly, that the Dollar would …

A Note on EUR/USD

EURUSD Daily 081013

EURUSD Daily 081013Good Morning, Friends. The federal government has been largely shut for a week, and the markets have been, on balance, surprisingly orderly. The Treasury maintains that the government’s debt ceiling will be reached on October 17, which may mean – …

A Fed Post-Mortem; Thursday is ECB Day

EURJPY Daily 310713

ES 3 Minute 310713Good Evening, Friends. There wasn’t much net movement in the E-minis in today’s session. There were nonetheless moments of interest, since this afternoon marked the conclusion of another FOMC meeting, followed by a policy statement. As expected, nothing changed; the …