What did they expect, to find everyone using it! Duh. Of course it happen(s).

Goldman’s ‘Muppet Hunt’ Draws a Blank

Friday, always the best day to trade. Lots of volatility and predictable flows.

Global slowdown fears reaming risk

There are many ways and levels to use fib's but if you stick with the basic theory it should be applied between the last high's and low's not recently taken out - so for a daily chart you wouldn't go back further than a few months, but longer on ...

EUR/USD Pulls Back to 38.2% Fibonacci Level

Lots of good comments here, and I would just add and reiterate my previous post, which IMHO says that if the EUR closes back below 1.3048 on the weekly chart (this is the 61.8% Fib retracement of 1.4940/1.1877), this could be a potential reversal in ...

Is Now the Time to Short the Euro?

Why do US housing starts data morph into an argument on the EUR? You guys all need to broaden your horizons. If you look at the JPY for example its going in exactly the opposite direction to where it should be going from a fundamental viewpoint but ...

U.S. housing starts advance 2.3% in August

Interesting. IMHO if the weekly close is below the 61.8 fib (the major move 1.1877/1.4940) at 1.3049 then its no longer a correction but a reversal and I'll be short again. In the meantime some good day trading to be had.

EUR/USD – Bearish Correction Completes a Double Top

Disagree sisno, the effect will last only a short time, and will wear off as soon as the market realises it won't work and neither will OMT for EUR, so then its risk off again. Also, I strongly suggest that China needs to be considered, because if ...

Merkel reiterates support for ECB bond buying; bank regulation must be in place before ESM

I agree with loaded gun, time to head for the long exit and into the short entry. Still just noise today so wait until later in the week and catch the trend, but hang on as its going to be choppy.

Merkel reiterates support for ECB bond buying; bank regulation must be in place before ESM

Why doesn't someone just pick up the phone and ask if they're buying?

World's central banks shout: Aussie, Aussie, Aussie!

In a month! Doesn't sound right?

Spain banks borrowed 411.7 bln euros from ECB in August (402.2 bln July)

There are all kinds of risks and considerations here - too big an easing will strangle liquidity in the bond markets; political implications with an election 2 months away so no matter what they do it won't please the pollies; and no QE could even ...

FOMC will do more, not less....

Short the AUDCAD, its been a great ride so far with more to go!

The King of Commodity Currencies

Political care factor: zero. Stark is yesterday's man and they'll bend whatever rules they can just to kick the can down the road a little longer. Ultimately there is no solution other than debt write-offs, fiscal austerity and a lower EURO to make ...

Ex-ECB’s Stark: ECB Yielding To Political Pressure: Press

Lots of reasons for this - its Winter, the end of the artificial stimulus through the carbon tax bribe, higher latent unemployment, slowing exports and tourism etc. Just another indicator that the Aus economy is slowing rapidly, even though today's ...

Australian PSI: Services sector loses ground in August

Well you all have to admit that the current "hopium" phase 2 rally is pretty impressive given its now almost 600 pips! Tells me that someone out there is supporting the EUR based on a lot more than hope, whether justified or not and also tells me ...

EU's Poorest Member Country Smacks Down Euro As Bulgaria Refuses To Join Eurozone

This is a huge game of bluff which no-one can afford, least of all the Spaniards. If the ECB refuses to buy Spanish debt without conditions and Spanish refuse to any new conditions, then watch for a major selloff in risk assets including the Euro.

Rajoy Says Spain Already Meets Conditions for Aid

Fan, Yes but not only that. There will be a lot of Chinese info and action to attempt to smooth and manage their own slowdown, and with the AUD so highly correlated it will mean bounces on positive sentiment and perceptions.

AUD/USD in bearish breakout; next key support pivot around 1.0220

It will be a slow and choppy fall but will go through 1.0220 and head towards parity. Look for bounces on false optimism as they attempt short squeezes but the result looks inevitable.

AUD/USD in bearish breakout; next key support pivot around 1.0220

The euro will retest 1.2580 again this week but I suspect it will be rejected as this is very strong resistance with Soveriegn's short (unless there is positive news out of Jackson Hole), after which it will fall gradually to the channel base at ...

German Ifo business climate index falls for 4th month

Can't and won't happen. Once you go greek you can't sit for a week - same goes for the Euro! There's no way back.

German Finmin mulling temporary Greek EMU exit