I agree. Gold has 'little value' in stable environments, unfortunately times remain quite turbulent, so for the Chinese it's probably the best hedge against a possibility of USD tanking or total default (God forbid).

EURUSD

@ Malcolmb14 You have made comparisons to last time EUR spiked 1000 pips in 1 week, please remember that then it was based on fundamentals (US interest rates kept dropping), this time what we have is the opposite expectation - US to hike & Eurozone ...

EURUSD

I have said that daily chart doesn't display price action that equals strength, attempts yes, strength no. Weekly is just plain bearish. You are banking on rounded bottom on daily & dojifiedhammers on weekly. Weekly chart which I use for trend study ...

EURUSD

Solution is parity.

EURUSD

BNP Paribas: To Save Europe, Devalue The Euro Faster Than Americans Can Devalue The Dollar (Source - url ) Vincent Fernando | Feb. 18, 2010, 9:04 AM Perhaps it's time that Europe took a page out of the American playbook -- devaluing the euro could ...

EURUSD

The Problem with the Euro (source - url ) The Euro is a bold experiment to create the largest curreny area in the World. The Eurozone is a diverse area and whether it is an optimal currency area is a matter of debate. The Euro involves: A single ...

EURUSD

Cheers! I believe that the main time frame that identifies intermediate trends is the weekly chart & daily therefore serves as a trade entry chart. Hence when I post my outlook trend is still down I am referring to the weekly chart. If I was to bank ...

EURUSD

When we look at trends from a technical point of view you gotta adhere to some sort of study, common studies of trends call for certain criteria to be present, which in Euro's case hasn't taken place. You can call tops & bottoms all you like, but ...

EURUSD

Or short the bottom with stop above 1.5+? One wise man has once said - For trend to continue down new lows have to be made.

EURUSD

Highly unlikely, it may only happen if USD tanks below all time low of 70.698 (March 2008), the lowest since its inception in 1973, which is also looking like a not so likely possibility. Don't just look at charts, read up on what is happening. FED ...

EURUSD

So far daily is not that strong, I don't understand why so many believe we are going above 1.4, just because Greece will get a loan now? Because shorts will run for the hills seeing a green candle? Euro is in a bear phase & will remain so until ...

EURUSD

I have weekly trend on my side, you have a daily bounce. I will agree that nothing is definite, but highly unlikely is quite appropriate. You are going against a trend with conviction of a kamekaze, good luck.

EURUSD

You said monthly trend isn't over & I am saying it is exactly because 1.6 wasn't taken out as price failed 1000 pips below it we have a technical failure swing on the monthly chart, weather this bounce & Euro will Continue going down as wekkly trend ...

EURUSD

Ok, so why we didn't take out 1.6? Your move

EURUSD

Weekly trend isn't over & that's all there is to it.

EURUSD

Why do you all think that Euro's current down trend is based on worries about Greece? That's not the case

EURUSD

I recommend picking up a copy of this weekend's FT, are you aware that Italy has lost 6 year's growth in just 2009? USA was the strongest performer (not considering China) in 2009 losing 2 years worth of growth. Now, they were the first ones to ...

EURUSD

What you describe (weak USD=strong stock markets) is not holy grail

EURUSD

Not out of the ordinary to expect more upside into option expiration, but price will not be allowed to run that much, most likely will hit that average, base & sell off again. Signals must come from weekly charts, not daily ones. Nice weekend to all!

EURUSD

That's fine, but you have started your trend line based on 2008 lows, but in 2009 you marked rising trend line to the bodies & above a hammer even. So if you run based on bodies trend line would be even lower now. Btw I know it's all a matter of ...

EURUSD