Euro Weakness threatens Reversal Bottom Formation

Although the EUR USD is trading lower this morning due tocontagion fears in the Euro Zone, this morning’s sell-off may only be ashort-term correction of last week’s spectacular rise. Although the EUR USD is trading lower this morning due tocontagion […]

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Euro Reverses Week to Up; Charts indicate More Upside to Follow

The Euro finished the week higher, but more importantlyposted a closing price reversal bottom on the weekly chart. This patternsuggests that this week’s short-covering rally could be far

Revived Risk Appetite Drives Commodity-Linked Currencies Higher

Revived risk appetite is driving the Australian, New Zealand andCanadian Dollars higher at the mid-session. The main catalysts behind the rallyare the stronger Euro and U.S.equity markets. Revived risk

Short-Covering Leads Euro Higher

The short-covering rally which began on Wednesday continuedin the Euro overnight ahead of Germany’svote to approve the massive deal to save the common currency and keep in checkthe

Euro Rallies as ECB Holds Secret Talks

The EUR USD confirmed Wednesday’s closing price reversalbottom and surged to the upside on Thursday. Based on the chart pattern,traders should look for this move to continue with

Lack of Clarity, Weak Global Outlook Driving Commodity-Linked Currencies Sharply Lower

Traders are dumping higher risk assets at the mid-session,driving commodity-linked Forex markets lower while pushing up demand for thelower yielding Japanese Yen. Traders are dumping higher risk assets at

Plunging Stocks Send Dollar/Yen Sharply Lower

U.S.equity markets are down sharply ahead of the New York opening amid concern the Euro Zonedebt crisis will disrupt the global economic recovery and undermine demand forhigher-yielding assets.

Hedge Funds Dump Australian Assets

Hedge funds and large traders dumped assets in Australia and New Zealand on the thought thatdemand for higher yielding assets and commodities would fall as the Euro Zoneissues

Euro Continues to Rally; Shorts Getting Buried in Surprise Reversal

The Euro is trading higher at the mid-session after making asurprise reversal bottom earlier in the session. If conditions remain the same,then look for the EUR USD to

Euro Rallies from 4-Year Low; Reversal Bottom Possible

The Euro is rallying from a 4-year low as shorts failed todrive this market through the old bottom with conviction. Fundamentally thenews may have been getting too bearish