EUR/USD could have a good start to the week, perhaps with a weekend gap, as the Irish cabinet made a decision to officially ask for aid from the EU and the IMF. The size of the aid package is expected to be lower than 100-120 billion euros that was expected. This will impact other currencies … “EUR/USD Expected To Jump On Irish Bailout Request”
Category: Opinions
Spain Too Big To Bail?
While the focus is on Ireland, and there are insignificant talks about Portugal, they’re both relatively small in comparison with Spain, the Euro-zone’s fourth largest economy. Andy Jordan from the Wall Street Journal made a series of videos about the PIIGS countries. The video below discusses Spain’s issues – public and private debt, unemployment, housing … “Spain Too Big To Bail?”
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[Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots
Andrew Chaveriat, a forex technical strategist for BNP Paribas, covers the current situation in EUR/USD. In an interview with Julie Sinha on Forex TV, he marks the next levels for a Euro recovery, the levels that support the pair and the time frames for those events. And there’s lots more: commodities, the correlation between 10 … “[Video] Technical Outlook for EUR/USD, GBP/USD, USD/JPY and lots”
Forex Portfolio – Profits Rise With Differences Between Leaders
After presenting the forex investment portfolio last week, I am happy to report the profits rose. After 143 trades have been executed, it is interesting to see that the most risky trader is leading the pack. Should these trade leaders continue or should changes be made? Lorenzo Farro, the trader which has the highest risk … “Forex Portfolio – Profits Rise With Differences Between Leaders”
Lower US dollar In Coming Week – Elliott Wave Analysis
We can see some important reversal formation from Dollar bulls to Dollar bears with the price action seen in the past few sessions. Five waves up on euro, cable, down on dollar index and almost completed 5-wave structure on Aussie, gold and oil from the lows, definitely confirm a lower US dollar for the near-term … “Lower US dollar In Coming Week – Elliott Wave Analysis”
AUD/USD: Corrective Recovery From 0.9720
On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when five wave, impulsive move completes. Guest post by Gregor Horvat … “AUD/USD: Corrective Recovery From 0.9720”
What It Really Takes To Be Successful
Trading is a business. Now you may be thinking to yourself “Yeah know that, tell me something I don’t know” but you would be surprised at how many people don’t realize this and if they do they certainly don’t treat it like one. They start trading and they think that all they have to do … “What It Really Takes To Be Successful”
Pound At The Channel Support
Pound was one of the weakest currencies yesterday, especially against the US dollar, when Gbp/Usd broke through 1.5950 support region. A very sharp bearish price action from 1.6180 suggests that pair could be in a third wave here; a red wave 3) which may easily reach much lower levels in the near future. Guest post … “Pound At The Channel Support”
Elliot Wave Analysis – S&P500: Corrective Pull-back
S&P is covering some yesterday’s losses, but probably trades only in a corrective pull-back, labelled as a blue wave (iv), as a sharp decline from the 1207 shows a personality of a third wave. With this being said, a current trend remains bearish for S&P500 as long as the market trades below 1194 critical wave … “Elliot Wave Analysis – S&P500: Corrective Pull-back”
Fundamental Overview – Market Movers Last Week – 11/15/2010
The U.S. Dollar shot up against all the major currencies last week on renewed risk aversion due to the unstable debt situation of the financially weaker members of the European Union, with rumors about a pending Irish default swirling around the market. In addition, last week was the first week since early October that the … “Fundamental Overview – Market Movers Last Week – 11/15/2010”