Time for a Short Covering Rally in EUR/USD?

EURUSD Daily 280714

EURUSD Daily 280714

 

Gregory (Scotland Yard detective): “Is there any other point to which you would wish to draw my attention?”

Holmes: “To the curious incident of the dog in the night-time.”

Gregory: “The dog did nothing in the night-time.”

Holmes: …

Currency Pairs Are Moving, Ever So Slowly

EUR:GBP Daily 230714

EUR:USD Daily 230714

 

Hi, Friends, As those who read the Blog regularly are aware, I’ve been waiting impatiently for EUR/USD to break below 1.35. The loss of an airliner isn’t the catalyst I would have hoped for, but it appears now that …

Following Mrs. Watanabe into Long AUD/JPY?

AUDJPY Daily 090614

AUDJPY Daily 090614

 

Good Morning (EST), Friends. Japanese investors are even more desperate than are most of their global counterparts for yield; interest rates have been at, or close to zero, for years. “Mrs. Watanabe” is the archetype of the Japanese housewife …

Almost Time for the Euro to Take a (Downside) Break?

EURUSD Daily 030614

EURUSD Daily 030614

Good Morning (EST), Friends. Earlier today, May’s inflation reading for the Eurozone was released. It came in at 0.5%, year over year, versus expectations of 0.7%. The central bank’s official target is 2%. I can almost hear you saying “Great, …

Long Weekend, Short Euro?

EURUSD Daily 230514

EURUSD Daily 230514

 

Good Morning, Friends,

Implied volatility of 6% doesn’t seem like much, but that’s a higher level than EUR/USD has seen for a while. Elections to the European Parliament are taking place over the weekend, and there is speculation that …

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 …