Recent Articles
EUR/USD Loses 1.28 After Another Round of Greek Talks Fail
EUR/USD broke out of the slow range trading and is dropping sharply, currently at 1.2790. Stop loss orders might have accelerated the fall. The pair is now headline towards the next minor support line. Euro/dollar got the trigger it needed for another leg down: the last meeting between Greek political leaders and the president ended
US Retail Sales Hardly Rise, Forward Looking Index Jumps
US retail sales rose by 0.1% in April 2012. Predictions were for a rise of 0.2%. Core retail sales rose by 0.1%. Here, expectations were for a rise of 0.3%. On the other hand, the forward looking Empire State Manufacturing Index surprises with a jump to 17.1 points, almost double the expectations. The Consumer Price
Perfect Setup Slips Away? Another One Will Come
A wise trader carefully plans his trades, and often makes an extra effort and “stalks” the perfect entry. Too often, when the time to enter the trade arrives, the tables turn and the opportunity isn’t there anymore. Staying wise means moving away from the Trade button and waiting for another chance – not hitting it
EUR/USD May 15 Euro Dips as Greek Crisis Continues, Economic Sentiment Disappoints
Euro/dollar continues to weaken, as the political crisis in Greece deepens. Marathon negotiations to form some kind of unity government haven’t succeeded so far, and fresh elections seem likely. Talks about preparations for a Greece leaving the euro-zone are getting louder, and are making the nervous markets even more jittery. German and Eurozone Economic Sentiments were
European Recession Avoided – EUR/USD Still Under Pressure
Germany’s strong growth in Q1 managed to pull the euro-zone from the brink of recession. The 17 nation currency bloc didn’t contract nor grow in Q1 2012. Germany grew by 0.5%, far better than early expectations that stood on 0.1%. The French economy stalled, exactly as expected. Italy disappointed with a significant contraction: 0.8%. This
German Economy Grows Fast in Q1 2012 – 0.5%
Germany’s economy grew by 0.5% in Q1 2012. Early expectations stood on a growth rate of 0.1%. Germany’s economy contracted by 0.2% in Q4 2011. This big surprise sends EUR/USD higher. Perhaps Germany will save the euro-zone from a technical recession? We will know soon. Euro/dollar found its limits at 1.2850 for now. The shadows
MahiFX Introduces New Charting and Technical Analysis Components
New Zealand based MahiFX announced the launch of new tools for traders: fresh technical analysis components, graphical indicators and charting tools, including the ability to trade directly from the charts. This addition of tools is the fruit of interaction with clients and understanding their needs, and is joined by a refresh of MahiFX’s home page.
French Economy Stalls in Q1 2012 – EUR/USD Remains Low
The French economy did not grow in Q1. This is exactly as expected. Year-over-year growth is 0.3%. EUR/USD isn’t excited. It remains just under 1.2830, in the lower end of the current range. France surprised and grew in Q4 2011 by 0.2%. So in any case, Europe’s second largest economy wouldn’t have entered an official recession.
Greek Tax Run – Some Greeks Deferring Tax Payments due to Election Results
Only 8 days have passed since the general elections, but the Greek state already feels it in its coffers: some Greek citizens are responding to the high uncertainty and deferring tax payments. Well, why pay the state if it could go bankrupt soon? Why give away valuable euros when they could soon turn to cheap
Forex Daily Outlook May 15 2012
German ZEW Economic Sentiment, US Retail sales and inflation data are the main events lined up. Let’s see what awaits us today. In the US, Headline CPI increased more than predicted in March rising 0.3% from 0.4% in February while Core CPI excluding the food and energy products rose 0.2% in line with predictions after