Showing posts with label EURO. Show all posts
Showing posts with label EURO. Show all posts

Monday, January 19, 2015

Will The Euro Explode This Week?

Traders are very aware of the Euro today, there are many questions as to the future of the Euro and also the EU.

So many questions, in fact, that the currency is more or less treading water until there are some announcements.

Iceland has withdrawn its application to join the EU. Other nations want to escape from the controls of the EU. This could be the beginning of the end of the EU as financial pressures are resulting in  political turmoil.

I have a new Point & Figure chart below, I like to refer to Point and Figure often as a guide to what may be coming. You can see that the new price target is 92.0 which is a long way from the current price. I have no idea as to the validity of that target or the date at which it will be reached. I wanted to include it in this post as something to refer to as days pass.





Here is a monthly chart of EURUSD. The currency appears to be in a free fall and there is not much in the way of support to rely on.






And here is some related commentary, I expect there to be a lot more as the day passes.

Euro Back in Davos Focus as First ECB Then Greece Decides - Bloomberg

Mon, 19 Jan 2015 07:55:55 GMT
BloombergEuro Back in Davos Focus as First ECB Then Greece DecidesBloombergThe euro-area economy is back in the cross-hairs of investors. It's a familiar place for the currency bloc, which spent the past five years struggling for growth, the faith of ...

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Euro stays on edge as crucial ECB meeting looms - Reuters

Mon, 19 Jan 2015 04:57:38 GMT
Business InsiderEuro stays on edge as crucial ECB meeting loomsReutersSYDNEY/TOKYO (Reuters) - The euro flirted with 11-year lows on Monday as investors braced for the European Central Bank to take its boldest steps yet to combat deflation and revive ...

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Banks Battle Speculation Denmark's Euro Peg at Risk: Currencies - Bloomberg

Mon, 19 Jan 2015 06:09:22 GMT
BloombergBanks Battle Speculation Denmark's Euro Peg at Risk: CurrenciesBloombergSEB AB, the Nordic region's largest currency trader, said it's been fielding calls from hedge funds wondering whether Denmark might be next after the Swiss National Bank ...

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Yen Rises as Chinese Stocks Rout Spurs Haven Appeal; Franc Drops - Bloomberg

Mon, 19 Jan 2015 09:47:14 GMT
Yen Rises as Chinese Stocks Rout Spurs Haven Appeal; Franc DropsBloombergThe Swiss franc fell against all 16 major peers, giving back some of its surge last week that was propelled by the central bank's decision to let the currency trade freely again ...

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Swiss officials reassure after scrapping euro cap - EurActiv

Mon, 19 Jan 2015 07:10:36 GMT
EurActivSwiss officials reassure after scrapping euro capEurActivFinance Minister Eveline Widmer-Schlumpf said she expects the exchange rate to settle down at around 1.10 per euro, a level she believes firms in the export-orientated country should be ...

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Australian & NZ dollars near highs vs euro, resilient on US dollar - Economic Times

Mon, 19 Jan 2015 03:19:40 GMT
Sky News AustraliaAustralian & NZ dollars near highs vs euro, resilient on US dollarEconomic TimesSYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered near multi-month highs against the euro on Monday, with investors awaiting key economi ...

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Wednesday, January 14, 2015

Euro Testing All Time Lows

The Euro has been testing the lows and may have by now reached a level of All Time Low by now

















Copper suffers meltdown on growth anxiety, euro on defensive - Reuters


Wed, 14 Jan 2015 07:18:04 GMT
SYDNEY (Reuters) - Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as invest ...


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One US dollar could soon equal one euro - CNNMoney


CNNMoneyThat's especially true compared with the euro, which is getting slammed by gloomy growth in the eurozone. Now Goldman Sachs (GS) believes the U.S. dollar will catch up to the euro and the two cur ...


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Yen benefits from volatility, euro at nine-year lows vs dollar - Reuters


SYDNEY (Reuters) - The dollar neared one-month lows against the yen early on Wednesday as U.S. yields continued to shrink, but it scaled a nine-year peak on the euro as bolder stimu ...


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Tuesday, January 13, 2015

Some Important Point and Figure Charts for your Trading Strategy as at January 13, 2015


These charts indicate that there will be some great moves as time passes, hopefully some nice trends in the months to come





























Saturday, August 23, 2014

How Will News About The Euro Affect Your Trading Strategy

How will news of the EURO affect your trading strategy?


From what I am reading in the articles below, there is a grim situation around the value of the EURO and that situation is not about to change anytime soon. Forex trading has been affected by the bearish move of the EURO for several weeks and there seems to be no end of bad news.


The economies seem to be floundering and sentiment is strong that the EURO is weak.


Something that I have discovered from reviewing some charts is that technically the decline of the EURO may be slowing and, in fact,  an uptrend may be close at hand.


Have a look at these two charts. You can see the bullish pattern on EURUSD and the bearish pattern on USDDKK. These two currency pairs constantly travel in opposite directions and both are showing a reversal pattern.







This leads me to believe that the bearish news may be about to cease as the reversal begins.


Dollar Rallies Versus Euro in Longest Streak Since 2012 on Fed - Bloomberg
Sat, 23 Aug 2014 04:15:31 GMT
Dollar Rallies Versus Euro in Longest Streak Since 2012 on FedBloombergThe dollar rallied against the euro in the longest stretch in more than two years as data from housing to jobless claims signaled faster economic growth, bolstering speculation th ...
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Where Next? LATEST Forecasts for the British Pound, Dollar and Euro ... - Pound Sterling Live
 Fri, 22 Aug 2014 15:17:31 GMT
Pound Sterling LiveWhere Next? LATEST Forecasts for the British Pound, Dollar and Euro ...Pound Sterling LiveBritain's pound sterling (GBP) has seen fresh weakness set in following the release of data which points to a cooling in the rate of expansio ...
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The Eurozone Is Being Sacrificed Upon The Golden Cross Of The Euro - Forbes
Fri, 22 Aug 2014 17:46:37 GMT
The Eurozone Is Being Sacrificed Upon The Golden Cross Of The EuroForbesWelcome attention is being paid to the way in which the European Central Bank, and European politicians, are sacrificing the economy of the eurozone to that golden cross of the e ...
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