Monthly Archives: June 2011

3rd week of declines for EUR/USD is undettered by Strong German Data

The euro initially rose against the dollar after the Ifo Business Climate report showed business climate for German industry improved for the first time since February.  Overall economic sentiment for the month of June advanced to 114.5, stronger than an expected

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EUR/CHF could be the Best Reflection of European Debt Crisis

A lot of forex traders over the past few years have changed models and strategies several times.  Monetary policy, uncontrolled spending, sovereign debt, inflation, safe haven, and one of my favorites,  supply and demand have all contributed to the extra-ordinary

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When in Doubt, Investors Still Run to Gold

The futures contract for gold rebounded $4.80 to $1,531.00 as investors sold equities and euros because European finance ministers could not finalize another Greek financing package.  Price action on the four-hour chart above has repeatedly respected the intermediate term support

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Yen Strength Continues Albeit Slowly

After weeks of speculation that the U.S. economy was steadily improving and the sovereign debt concerns in Europe improved, dollar bulls believed that ¥80.00 level would hold.  With Japan having a near zero interest rate in place and an overvalued

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Inflation Forecast Trumps Strong Vigilance Comment, Euro Falls

Currency traders eagerly waited for the European Central Bank (ECB) press conference to learn whether or not the bank will raise rates at the next meeting.  At the start of Trichet’s statement, he stated that rates remain unchanged today, because

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This blog is your source for Geo-Political Commentary, Currency and Commodity Trends,  Technical Analysis, Trading Education and Market Reactions to Monetary Policy events and Statistical Releases. *IMPORTANT NOTICE: The information contained herein is solely for informational purposes and should not

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