Euro break

Trading short the break in Euro yesterday.  Too volatile for trades to leave open overnight on Daily chart/H4 trades but ok intraday with 20pip stops.

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The bigger picture

A general comment on the USD – if the immediate situation with Greece is resolved over the bank holiday weekend expect the Euro to gain next week which could cap the upside in the USD which is acting as a safe haven, especially with recent weakness in equity markets.  However, with most commodities trending higher [...]

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A false testimony?

A False Testimony? I watched with interest this week to much of the questioning of the Goldman Sachs ‘GS’chief.  These all were looking to understand why this firm was packaging up and selling these securities in risky residential mortgages while at the same time betting against them – was that a proper thing to be [...]

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