Traders, check out the your Daily Chart for clues as to how the EurUsd may behave Technically: 1. Feb 21, 2013, strong supply came in after a retrace to where previous support was broken. After that, price fell 580 pips. 2. Fast-forward to last ...

German court case could force euro exit, warns key judge

Yeah, but China is running out of discretionary cash. China can buy up as much public or private assets as they can afford. That's a pay off in the distant future. Immediate term, it doesn't create JOBS or bring in tax revenues to Europe. So, ...

ECB's Visco says ECB is ready to intervene again on rates

Risk Tolerance is an equal ancillary to the Time / Price manifestations that cause a trader to engage in any market. Thresholds are a variable for all the market's many forms, and should be a given, never an exclusion. Regarding liquidity providers ...

“Market Time” Determines Chart Time

Hi Jay. Always good to see your posts. Thanx. Technically, I've always employed a "top down" approach to where support and resistance and supply and demand reside. That approach varies as the limits of fear, greed and the Market Makers' liquidity ...

“Market Time” Determines Chart Time

Right there with you Jay. With Thursday's Low Daily Close below the previous 9 days and a Triple Top, this was a no-brainer short. IF the Euro becomes the new "funding" currency, it could fall much, much lower.

Sea Change Move Lower For Euro

The Usd/Cad is a long term buy. Why (and you Canadians can jump in here) While the US econ is whatever you think it is, here's some factoids on Canada's. 1. While the nation has had a stellar growth curve this last decade, real estate prices have ...

BOC’s Carney: US economy breaking out

Thanx Jay.

Yen Topped, Finally

Jay, I'll confirm with you too. Technically, the UJ has broken through a Daily trendline @ 79.00. Another price action stat I like to look at too is observe there were 7 bear days last month; this month, we've got 7 bull days and finishing with a ...

Yen Topped, Finally

Jay, while I respect your opinion immensely, having traded FX for only 10 years, my Usd/Jpy charts are eliciting an inverse head and shoulders pattern on the monthly, with the right shoulder currently caught in a summer doldrums, low volatility, low ...

USDJPY & AUDJPY: Everyone On One Side Of The Boat

Gentleman, these are long term forecasts for position trades. For the day trader, they are meaningless as price gyrates from one s/r and retraces or breaks out. However, there is a new technology that's currently being implemented in the US that ...

Euro-phoria Will be Short-Lived, Says FX Concepts' Lock

Going strictly on Techs, the 1.3250-85 range is where we had 11 days of strong support. If the big Techs follow through on this observation, that support could now become strong resistance creating at minimum, a 382 reversal from those levels to the ...

Fitch Takes Ratings Actions On Belgium, Cyprus, Ireland, Italy, Slovenia And Spain

Europe cannot become a credible reserve currency until there is a true United European Monetary Union, let alone overtaking the USD's status. Right now, it's like trying to herd a bunch of schizophenic cats on crack.

EUR move Exaggerated?

Sell @ 1.3734-47.Move stop to b/e when +17

Chancellor Merkel cancels statement on EU summit on lack of details for EFSF according to a...

Been a long time since I've heard such entertaining psycho-babble DF; keep it up.

Fed Policy Makers May Consider Additional Stimulus as U.S. Economy Slows