Currently viewing the tag: "euro"
I was out of the country and out of touch with markets last week and it has been hard to catch up with the European soap opera after missing a few episodes.
First here’s a quick guide to what happened in the EU.
The UK press has been helpful. Here’s a good article in [...]
Someone out there sure likes these things.
The bad news has been almost relentless since August but the euro continues to hang in there. At 1.33, EUR/USD iss down almost 10 cents in that time but that’s not bad considering the existential crisis pounding away at the bulls. Moreover, EUR/USD is holding above the 2010 [...]
The news out of Greece is good. A coalition has been struck that will pass the EU-mandated reforms in order to receive the upcoming aid tranche. Papandreou will step down, a new PM will be named Monday and an election will be held after the aid is dispersed.
Barring any surprises (and they can’t be [...]
Entered EUR/USD short at 1.3766 on 19 Oct. Stopped out 24 Oct at 1.3936. Result: -170 pips.
Entered with a stop at 1.3936 and a target of 1.32. Greatest open loss: 170 pips Greatest open gain: 110 pips.
It’s frustrating to be right on the macro front but get the levels/timing wrong. That’s [...]
The euro jumped 100 pips in a flash on the release of the EFSF guideline report. The move is nonsense and has retraced completely. EUR/USD has fallen as low as 1.3656 which is 120 pips below our trade entry point. Let’s take a closer look at the news.
There is nothing remarkable about
I have been on the sidelines and lacking conviction for the past two weeks.
First, I was expecting the US economy to fall harder and faster. More importantly, the Merkozy ‘promise to deliver a plan’ on Oct. 10 generated a 500 pip rally that left me scratching my
The headline risk surrounding this Sunday’s [...]
The euro surged on news that the European bailout fund will be given the power to buy periphery debt in the secondary market. We think this is a wise move by European leaders. It will chase out shorts in the bond market and spook CDS buyers. We anticipate buying to be unannounced (unlike the Fed’s [...]
A Portuguese downgrade dragged the euro lower in generally quiet trading. The Swiss franc appears to have regained its footing as US stocks declined for the first time in six sessions.
The lone market-moving news was from Moody’s who slashed Portugal’s rating to Ba2, down four notches and below investment grade. The move is ominous [...]
Live EUR/USD Chart
