Monthly Archives: April 2013

All Eyes on ECB: Trade $EURUSD Carefully

Austerity is not working Europe. Even German data is weak. This morning, retail sales in Germany continued to slump with a -0.3% print in March and February’s reading was revised lower to 0.6%. With the largest economy in the euro

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All Eyes on ECB: Trade $EURUSD Carefully

Austerity is not working in Europe. Even German data is weak. This morning, retail sales in Germany continued to slump with a -0.3% print in March and February’s reading was revised lower to 0.6%. With the largest economy in the

Posted in Posts

German Data Triggers Euro Selling

Europe’s economy is deteriorating and a rate cut is becoming more likely. Whether or not it actually helps the economy is another story. BEARISH DRIVERS Tuesday morning, the euro weakened for two reasons, the first being the forex market is

Posted in Posts

German Data Triggers Euro Selling

Europe’s economy is deteriorating and a rate cut is becoming more likely. Whether or not it actually helps the economy is another story. BEARISH DRIVERS Tuesday morning, the euro weakened for two reasons, the first being the forex market is

Posted in Posts

Forex Play: German Data Triggers Euro Selling

Europe’s economy is deteriorating and a rate cut is becoming more likely. Whether or not it actually helps the economy is another story. BEARISH DRIVERS Tuesday morning, the euro weakened for two reasons, the first being the forex market is

Posted in Posts

Play The Range: $AUDUSD Clear Buy and Sell Spots

Monday night the Reserve Bank of Australia (RBA) released its dovish minutes for the April 2nd meeting. Since the inflation outlook is not a concern, the central bank could cut rates if needed. They will wait and see if businesses

Posted in Posts

Play The Range: $AUDUSD Clear Buy and Sell Spots

Monday night the Reserve Bank of Australia (RBA) released its dovish minutes for the April 2nd meeting. Since the inflation outlook is not a concern, the central bank could cut rates if needed. They will wait and see if businesses

Posted in Posts

Play The Range: $AUDUSD Clear Buy and Sell Spots

Monday night the Reserve Bank of Australia (RBA) released its dovish minutes for the April 2nd meeting. Since the inflation outlook is not a concern, the central bank could cut rates if needed. They will wait and see if businesses

Posted in Posts

Prepare for Profit-Taking In $AUDJPY

Price action on the daily chart for Aussie/Yen (AUD/JPY) is showing that the key breakout above the psychological 100 level is showing no signs of slowing down. BIG MOVE After respecting the 50-day simple moving average which is around the

Posted in Posts

Prepare for Profit-Taking In $AUDJPY

Price action on the daily chart for Aussie/Yen (AUD/JPY) is showing that the key breakout above the psychological 100 level is showing no signs of slowing down. BIG MOVE After respecting the 50-day simple moving average which is around the

Posted in Posts