Yesterday many prople were writing off Euro and many sites and alalysts were talking of selling the Euro. I have become much wiser in the last couple of years so I kept away from joing the gang and waited patiently for Euro to do contrary to what everyone thought. And lo and behold it is doing opposite of what people thought. Not a new thing but yesterday was a good repeat of what markets always [...]

Last week has been one helluva week. This week showed me how best laid plans of mice and men can go awry. All my usual gambits of forex trading that work in  normal times  failed miserably, and red ink splattered over my trading balance sheet. One learning has been : avoid those fast and cutthroat moves of pairs. They lead to sorrow. The slow, involved and very boring moves are where the money is. Fast [...]

Euro is trying to decide wherther to break out upwards against the USD or continue its recent downtrend. A beutiful congestion pattern is forming the resolution of which may  happen this week, leading to some large moves.

It looks like Euro is catching a cold. Whether due to the already discounted Fed’s 600 billion dollar splurge over next many months or Ireland or what not may be the reason, USD seems to want to take off, at least in a short term horizon. As is usual eur/usd topped out by the time the fed and other news came out and now seems slated for the slaughter house having fattened up over last [...]

GBP/USD has changed daily trend to down. Now one needs to look for selling opportunities on rallies.

Euro is shooting for its earlier top. Looks like a 100 pips move.

For Euro and stocks it has been a heck of a joy ride. Is it going to end now? The Indian stock indices have almost touched their earlier high and caution needs to be exercised, in terms of being a bull. Does it mean the ugly bear will raise its head to bang the indices down? I do not know, in fact no one knows. As long as the easy money is running thru the [...]

I guess it is about 3 months since I wrote anything here. Been very busy with some assignments I was doing. Meanwhile the market was certainly not sleeping. In fact it was hyperactive. Dow saw its biggest ever intra day fall, thanks to algos or what the SEC also does not know. USD/JPY went thru similar tantrums. It was as if action of many many days were packed (like high gravity black hole) in a [...]

After the big moves from last week one needs to wait patiently now, to try a trade in a sizeable correction if any that may happen now. The trends have got fairly firmly established against risk. We do not know how long this mentality will prevail. But technically a correction may be in offing.

Here starts the new week and month of February. Last week many pairs maintained and accelerated thier trends against the USD. Euro and GBP losing heavily while CHF gained. This general trends may undergo a correction some time in the near future. Hopefully may give a chance to enter the market, do not know when though I do know it will. USD/JPY seems to be consolidating to start its downtrend again. Again when that may [...]