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Photo: www.freedigitalphotos.net -Stuart Miles
Long-term Fall
The EUR/USD has been tumbling down since April 2014 when it started it’s longterm downward trend. It has dropped from the level of almost 1.40 to a lowest level since 2003 reaching 1.0460 in March 2015. This is a drop of over 33%!
Even though the crisis of 2007/2008 originated in the US mortgage and derivative assets markets it quickly spread through the interconnection of many financial institutions and hit the Eurozone economy quiet hard. After the financial crisis of 2007/2008 the Eurozone was hit by the sovereign debt crisis at the end of 2009. Several countries had to be bailed out in order to fulfill their debt obligations and not to have a detrimental effect on the European economy which was just coming out of the previous crisis.
The massive selloff of the euro which took place in 2014 was due partly to the deteriorating economic situation in the Eurozone or to be more precise the stagnation and nonimprovement of the economic situation. However it wasn’t the only reason. This depreciation was further fueled by the decisions of the Fed to scale back and finally bring to a halt in October 2014 the longlasting quan…
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Agnessa26 avatar

Good job

WallStreet6 avatar

Today finally an agreement was reached between Greece and it's creditors. Greece obliged itself to implement reforms which previously were put down by the people in a referendum. In return Greece will receive over 80 billion euros in long term financing.
The reaction of the EUR/USD currency pair was- DEPRECIATION
I thought that it will appreciate if a resolution to the situation is found which won't be Greek default. I guess the market has already priced in this scenario. Or did the market percieve this outcome as less positive than a default of Greece- I don;t think so.

WallStreet6 avatar

With no doubt the markets were tired with this topic and with this out of the way at least for a couple of months (until the elections in Greece), the markets should concentrate more on the current economic situation in the Eurozone.

SalviLeana avatar
SalviLeana 30 July

Well done

WallStreet6 avatar

The EUR/USD has closed July just below the 1.10 level. It is nowhere near parity, however I think that reaching parity level is still very probable this year. The Greek debt situation seems to be resolved as an agreement has been met. However, time will show whether the compulsory reforms will be implemented. Thus, a political risk still exists as the elections in Greece in a couple of months will show whether there is political will to continue implementing the adequate reforms. 

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14/67
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Overview:The past few weeks have seen a total and utter capitulation across the financial markets, the recent elections from France and Greece has lead to the "risk-off" environment that is evidentially being seen. The USD and JPY have been well bid over the past few weeks as investors seek safe haven's where their money will be relatively safe.For example US 10 Yr Government Bonds have risen in price dramatically, and a cause of this has seen the yield fall from well over 2% to 1.72% (at time of composition). Alongside this the VIX - The measure of volatility and predicted Rate of Change of the S&P500 on an annualized basis has risen dramatically.Overall the past few weeks have been very interesting and have provided much opportunity to trade effectively across the asset classes. EUR:Seen worldwide as one of the most liquid, highest volume securities, the EUR has come under tremendous pressure against the USD and JPY. The fall started with a "gap" down after Hollande was elected as president of France sparking fears of political discord between Merkel and Hollande. This fall was exacerbated by increasing fears from Greece.On a technical basis, It seems that a short cover rally is …
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AdrianWS 18 May

For any Technical traders out there - EURJPY is forming a huge Inverse Weekly H&S formation, Potential target of 1.25 on break of 1.10 - This isn't necessarily a bullish EUR idea just Bearish JPY trade - JPY is way overvalued and Japan are hurting bad and want to do something about it - Most people look at USDJPY but export volume is greater to Eurozone and that may be what BoJ is looking at. Trade well.

RobertBric avatar

The problem with EUR is that everyone expects it to drop based on fundamentals. As not everyone can be short EURUSD, the pair will soon “surprise” everyone (but not the commercial traders) and will go up. The crowd is always wrong at reversals when commercial traders benefit as they have been setting up the trap all along. Of course, only time will tell who is right. It is always a 50:50 proposition (up/down) and 100% correct in hindsight :-) All the very best with your EURUSD trading.

alifari avatar
alifari 19 May

nice overview of multiple markets

AdrianWS avatar
AdrianWS 19 May

Thanks - Robert, I agree entirely, we need a move upwards just to reassert the bearishness, as people already short can't get more short so they need to close those trades out and then re short to gain momentum on their bearish trades. Either way, I'm staying away from the EUR at the moment as if a "grexit" comes about I really couldn't tell you what happens to the EUR, some think down hard, some think up. Who knows. Either way the next few weeks should be interesting.

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43/94
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 Forex trading is simple to learn, and anyone can acquire the skills to trade successfullyFirstly look for realism, don’t be deceived by people telling you that you can make a fortune with no effort – you can’t. If you want to get a course in currency trading then it is up to you to learn the logic, understand it, have confidence in it and apply it with discipline,If you are a Forex Trader than you need to liquidate losing trades quickly and run profitable trades to pile up big long term profits. Many traders don’t know how to do this and this section will give you some basics to follow and advantages and disadvantages of various methods. If you have read the section on Technical Analysis then you will understand that you can build substantial long term profits Most traders use technical analysis to get a "big picture" on an investment's price history. Even fundamental traders will glance at a chart to see if they're buying at a fair price, selling at a cyclical top or entering a choppy, sideways market You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit…
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alifari avatar
alifari 13 Sep.

short & sweet article - well done

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quantum_fx 19 Sep.

Good luck and keep writing and trading ;)

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doctortyby 25 Sep.

I wonder what successful trading means to you my friend?!... for me.. it is financial freedom... and further... what does financial freedom mean to you?... +1 and trade well ;)

ritesh avatar
ritesh 27 Sep.

nice article buddy and last week of competition +1

xtrader360 avatar

+1

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