Over 20 years in trading
Starting at 18:45 h (GMT) President Draghi will have speech today. We are all aware of his ‘dovish’ tone during his talk about ‘euro economy’, but is it enough of the over reacting? He will talk in Frankfurt at the SZ Finance day 2015., during the dinner. On my oppinion we can’t hear anything new today, maybe he will mention the
Read moreEuro doesn’t give up and tries to recover from the loss and fail brake on Friday. Must say, that fall bellow 1.0500 could be a SL hunting, while EUR/USD was recover on Thursday all the way to 1.0683 high, but it was return latter and hardly push down on Friday afternoon, with no particular reason. 1.0500 didn’t manage to hold,
Read moreEUR/USD manage to defend 1.0500 at March 11. and rebounded to 1.0683 yesterday, but here we are today, 1.0500 is under heavy attack again. For now, the level is holding, but this is the hard betlle now and brake is possible. There is nothing new on the wires and it’s obvious thet someone want’s to close this week under the strong support at
Read moreI wrote about this possible development at my USD/CHF analysis from March 02. US dollar bulls have almost covered complete loss from the ‘SNB’s move’ in January 15. It was clear that this would happen here, the US dollar has been growing for the eighth week in a row now and manage to catch 1.0127 yesterday. The pair is hanging around
Read moreGold is bearish and it’s falling for 9 days in a row, slowly aproaching to 1132/37, the previous support from November 2014. and the lowest level in the last 4 years. Yesterday the bears has tested first support at 1142/47 and the level has defended, but they are testing that level again today. I wrote about this levels several times in my gold analysis.
Read moreThis level could stop the EUR/USD fall! Trendline October 2008. –> June 2010. –> March 2015. and previous support from March 2003. Is it possible for the pair to go lower, not on my oppinion, but be very careful, this is crazy market! I didn’t recomend EUR/USD long to no one in the last couple of weeks, not until now, but this
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While the US Dollar countinues to strengthen in the market versus all, I made this graph to show you, how US Dollar lose his Purchasing Power during the last 100 years. This graph shows that, if you held a One US Dollar bill for the last 100 years, your ‘buying power’ will be 0.05 cents today. The main reason is inflation, which is
Read moreGreece is in focus again, let’s see how the debt looks like in numbers by its creditors. Greek government debt stands at 323 billion euros, over 175% of the country’s GDP. About 246 billion euros was lent by other countries in the eurozone, the European Central Bank and the International Monetary Fund. But, which country has most exposure? As you can see,
Read moreI wrote in my yesterdays EUR/USD analysis that 1.0550/70 is next target, here we are. Euro is falling like a rock, this looks preaty ugly now. There is no one from the other/long side!? If this level breaks, next target could be strong support monthly trendline at 1.0320/40, but is it time for a coffee break? For this last morning’s
Read moreThe ride was started in May 04./2014. from level 1.3993! After 10 months of riding in one way down, roller coaster riders are in full speed without brakes! All I hear is heeeeeeeeeeeelp meeeeeee!!! 🙂 Hahah, nice ride indeed! A little humor doesn’t hurt, right? 😉
Read moreUSD/JPY reached resistance from December at 121.80/122.00, where the pair find decent sellers which has pushed the pair strongly back to 121.20. Abe adviser Honda maybe help the bears with his comments, that there is no problem for Japanese economy with USD/JPY around 120. It seams that BOJ is monitoring the FX moves closely and they could act if it needed.
Read moreAs I wrote in my EUR/USD analysis from March 04., after the pair broke 1.1100, next target could be 1.0760/90, the low from August 2003., this is what happen. Not only that the pair catch this level, it broke it and reach a low at 1.0734! It looks that there is no end for EUR/USD fall, the next target could
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An interesting view of the TOP10 leading countries with the highest Forex reserves in 2014. Of course, China is Nr.1, held a total of $4 trillion in various currencies, mainly in United States Treasuries. Sure, the exact composition of China’s foreign reserves is a great mystery. Latest data shows that China had lowered reserves to $3.85 trillion in 2015. but
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