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  • Some Key Developments in the FX Market This Week

    Well, the weekend is finally here, and just a few more weeks of this summer trading to some better trading conditions (hopefully)! There were a few major developments this week, so let's re-cap: The EUR/USD finally scaled 1.3000 and seems to have a good foothold above. The GBP/USD tagged the 1.5700...
  • 8 Month Trend Line Overcome in EUR/USD

    8 month trend line taken out in the EUR/USD! Wow...finally, it seems like we have been fighting this trend line forever (it's been a week, but a week in a traders eye's is an eternity). The rally today caught a lot of longer term traders off guard as in the European session, the EUR/USD actually...
  • EUR/USD ends the week just shy of the key level

    The stock market had a great week, and ultimately this is what pushed the US dollar lower. But before you turn too bearish on the USD, let's make sure you understand something about the stock market: The stock market is broken. There IS a downtrend on a weekly basis. We are making "lower highs...
  • EUR/USD in tight consolidation before breakout

    Welcome to summer... EUR/USD is quietly trading in its range. Below the major resistance of 1.2700, and above key support at 1.2620. The EUR was generally supported by the ECB not extending Quantitative Easing measures and extensive talks of the banks stress tests. But what hurt the EUR/USD today was...
  • They set the "bull trap" and got some bites

    The bears trick the bulls today and set a trap! As I had mentioned today on the "Morning Edge" this morning on Trading Views, this market is broken, and be careful of the "bull trap." At one point, the DOW was up 170 points, and what we are seeing going into the end of the day is...
  • EUR/USD inverted head and shoulders

    EUR/USD: Looks like an inverted head and shoulders on the daily Thanks, Derek Siek...
  • Consolidating yesterday's losses in equities and EUR/USD

    End of Month, Quarter and Half gives us....consolidation. The good news is that the end of month so far has not given us any real fireworks. For the equity markets this is good news we have held 1040 thus far, and there has been no follow through to the downside. From here we are going to climb back...
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