The past week saw Bernanke boost the dollar for a change and European leaders taking their drag legging to the extreme. Before a very busy week begins, it’s time to sit back and reflect on the bigger picture. Here are some longer term forex-related articles. Have a great weekend!
With every delay in giving the green light to Greece, the danger of default rises. At least 5 things could go wrong. There is a growing feeling that this is not accidental and that a Greek bankruptcy is what’s planned.
- John Ward analyzes the actions of ECB president Mario Draghi, and why they will fail. Draghi just oversaw the second LTRO, which sent the ECB’s balance sheet over that of the Fed.
- Simon Smith explains what makes Portugal different, on the background of sharp moves in its yields.
- Kathy Lien has a nice visual representation of the Greek CDS activation process. The process has been delayed for now.
- Mish reports about the capital flight from Italy, Greece and Portugal.
- Lior Cohen analyzes the wider picture for gold, in context of gold producers.
- Jim Leaviss lists the 5 things that bond investors have learnt from the Greek default.
- Paul Murphy analyzes the denial of a credit event for Greece and the media coverage around it.
- Larry Greenberg analyzes the narrowing gap between the manufacturing PMIs on both sides of the Atlantic, and what it means for EUR/USD.
- James Woolley walks through the use of fundamental and technical analysis in his trading.
- Francesc Riverola reports that the FXStreet calendar is now available on MahiFX. The calendar is proudly hosted here as well.
- Michael Greenberg reports about Tradency’s new business model and provides an insightful interview with their CEO.
Here are long term articles published on Froex Crunch this week:
- Don’t Be Haphazard with Your Stop Placement – Be careful out there.
- How to Identify or Dismiss an Oversold / Overbought Conditions – Identifying bounces and non-bounces.
- Passive-Aggressive Push for a Greek Bankruptcy Continues – The Germans seem to want a default. This is part of the special report about the Greek endgame. You can download the full report by joining the newsletter below.