I have been stalking this pair for months, and have been trading the long side of this pair (successfully, I may add) also from the low 1.20’s. However, the recent breakout on the daily triangle and recent move above the 200 day EMA (seen below) is showing that this pair may be able to make [...]

Aside from the G8 meetings (that sound like a repeat of most) and the marriage of Mark Zuckerberg (and this is such pertinent financial market news) there was not a lot to report this weekend. I found a few pieces of interesting news, and here they are: On CNBC’s site, they ask if Greece would [...]

It’s all about risk aversion/appetite. This chart will influence risk trends with equities and bonds as well (since the USD/JPY is very sensitive to bond yields) Take a look below, this 4 hour chart shows a possible breakout today, but a failure by end of day will take a toll on risk appetite and bond [...]

I was just reading this article in the WSJ online today and it prompted this blog for me. Daily, on the Wizetrade webinars, I talk extensively about the repercussions on the “what if” Greece leaves the Eurozone. Of course (as many of my normal listeners know) I married an American/Greek woman, in Greece on the [...]

And for that reason I am focused on the key support at 79.70. A bearish wedge in the making, and a break below targets 79.00 which is the 61.8% Fibonacci retracement on the daily chart. A break lower may create massive risk aversion and selling in pairs like the AUD/JPY, NZD/JPY, CAD/JPY, etc. We have [...]

As anticipated on Friday (daily webinars), Greek and French elections are driving the opening gaps in the FX and Futures markets. Currently, DOW futures are down over 120 points, SPX down 14, and the EUR/USD is down over 100 pips. There is a lot of news to get caught up on, but before I do [...]

As you know, the AUD and SPX have a (typically) very tight correlation. Over the last several sessions (in part to the Reserve Bank of Australia) the AUD/USD has diverged away from equities. So, this is how I read it: How many traders are just “getting long” the AUD since stocks have held up well? [...]