Tag Archives: Europe

Double Down DAX

Share markets around the globe rallied as fears about the “fiscal cliff” receded.  This is a flip around in market thinking – from pricing a US fiscal stalemate to an assumption that agreement is likely. While this may be the case, the … Continue reading

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Further thoughts on the Aussie – for the hourly trader

Far be it for me to say that the market got it wrong but if not the market then some of the conclusions that were drawn after the unemployment data was released this morning. The good news was that the … Continue reading

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DAX Down – Sell the German 30

The German 30 index rallied 44.7% between September last year and March this year. Given that Europe is central to so many market concerns, this can be viewed as an amazing performance.  With the situation deteriorating rapidly, selling the German … Continue reading

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Contrarian Trading

Market action is suggesting a sell risk approach (sell US S&P 500, Aussie 200, oil, copper, AUD/USD, EUR/USD) – or is it just me?

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German DAX Tells a European Story

A feature of trading this week is the calm reaction to further Greek stalling on debt re-structuring and austerity measures. Last year, missing a deadline in the way Greece has this week could have prompted a sell off in global markets. … Continue reading

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Stay Short EUR/USD

In the last seven weeks, the EUR/USD has fallen twelve big figures, from above 1.42 to be sitting just above 1.30. However, imho its worth staying short, as the following short video explains:

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Europe – Plans A,B and C

Markets rallied hard overnight, with most commentators attributing the moves to a more postive view on a solution to European debt woes.  While there is little in terms of official confirmation, a “Plan A” has emerged.

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EUR/USD – Sell Trigger

While reading about the upcoming debt summit in Europe this Thursday and Friday nights, Ric Spooner’s technical analysis of the EUR/USD came to mind. After laying out the case for the end of a 5 wave Fibonacci advance, Ric writes:

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