I just wanna see what wil happen when greece banks stop giving out money again..... like last time it went skyrocxket too 1200 . history might repeat itself? It just broke free i think and is gunna popup in price soon this month or next month
The USD sell off as traders set a chain of profit taking after 2 weeks rally due to various factors: - Greece uncertainty of exiting the EZ make holding USD worthwhile - US Economic data has been promising with CPI much higher - Hawkish comment from Yellen - That view is changing with 5th of June looming for a potential deal and no Grexit A lower USD...
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
210 415 - Reversal Curve Rates Italy - Sales of long-term - Shopping on short - Contagion Grexit - This has led to the tracing on FTSEMIB
Sometimes knowing the general direction of fundamentals will be more than enough in trading, the charts says everything of what the market intended. News are just meant for distribution of expensive stocks to the average joe. Had a pretty good trade from this :)
Wedge Pattern. Rejection at 0.382 Fib level. Formed a H4 Inverted hammer. Hit support and resistance. Crude oil strengthening. Widening concerns about Eurozone. Higher Highs and Lower Lows. Time to short.
No recommendations here - just an observation: the last time EURUSD was in this range was 2003. If we breach 1.1, expect to stay there and below through the entire ECB QE program (slated to end in Q3 2016). Americans: this year and next year will be excellent times to spend your summer vacation in the EU.
Making a prediction that in the next few weeks we should have support and a rally, just waiting for the big news going to come to market over the next few weeks... The Swiss unpegging of EUR has accelerated the down move which should see support soon. The week ahead is huge for EUR - Grexit fears will end next week after election is announced; Draghi will do...
A little fundamental overlook might help to solve the puzzle here. Comparing the danger of deflation in EU to inflation in UK, comparing the 2.6% GDP growth in UK to 0.8% GDP growth in EU, comparing the 11.5% unemployment in EU to 6% unemployment in UK equals 3:0 for UK. Still there is the "grexit" talk that doesn't really help EU and ECB struggle to fight...