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Something strange is happening in the EURUSD. The investment community is freaking out about the debt problems in Europe, but the EURUSD is not falling in price. A few months back, I made the bold claim the solutions would drive the EUR lower - and how the link between Euro problems and the price level of the [...]
The euro currency – a new trade from a few days back – shows some promise. I am writing about the euro extensively at my site GenerateFX.com. I believe the euro could drag the world into a credit crisis – it’s quite bad over there. As recently as 1 month ago, it seemed to me [...]
No deal for Greece means uncertainty, which means a lower EURUSD. So every day of delay will tend to push the euro lower. Also, I suspect the longer the deal for Greece is delayed, the more obvious it becomes Portugal and Ireland want a deal and a better one than Greece is getting. The Euro [...]
Is this upcoming deal on Greek debt a situation of “Buy the rumor, sell the fact?” It’s widely rumored in the press there will be deal on Greece this week. This deal might solve the problem for Greece – but it does set the standard for future deals on the remaining problem debt. From here [...]
1-20-2012 (Cross Posted from www.generatefx.com) The gigantic head and shoulders formation is still in place, and trend indicators are still bearish on the euro. Then we have a Fibonocci line very close to the head and shoulders neckline. Take a look at the chart. You can see the EURUSD bounced. What should be clear is [...]
The New Consensus in the euro may be setting up the euro for a big downward price spiral. But this isn’t the entire story. The reaction to the recent downgrade of France shows us something unusual about the price action in the EURUSD. There are reasons to believe lower levels in the euro will be [...]
My article on the new conventional wisdom in the euro made the top of Seeking Alpha and MSN for Forex. I think there is a new conventional wisdom about the euro that could drive the price down to 1.1000 Also, the head and shoulders formation in the EURUSD is absolutely gigantic and has a target [...]
Quick – what’s been the most persistent idea in Currencies over the last 2 years? It’s the link between the level of the EURUSD and the odds of a European catastrophe of some sort. The level of the EURUSD currency pair has been viewed as something like the odds of a euro breakup or banking [...]
I am sick and tired of writing about the Euro crisis. I’ve written at least 50,000 words over the last 2 years on the euro crisis – the equivalent of a book. Still, I do like one result of the euro crisis – it’s been throwing money at Trend Followers for the last year. I [...]
I’ve written about currencies extensively over the last several years and they are something of my specialty. In particular, I’ve followed the euro very closely. I’d say this issue has driven more market action in the last year than nearly anything else. The only event even close to this in impact was the string of [...]
Monetary Realism
