The Twenty Dollar Lesson
A well-known speaker started off his seminar by holding up a $20 bill.
In the room of 200, he asked, "Who would like this $20 bill?"
Hands started going up. He said, "I am going to give this $20 to one of you - but first, let me do this."
He proceeded to crumple the 20 dollar note up.
He then asked, "Who still wants it?"
Still the hands were up in the air.
"Well," he replied, "what if I do this?"
Added by Igor on September 28, 2013 at 6:15pm — No Comments
Just for Fun...
Someone here lives in Austria?
Has anyone here ever stopped to think that a rich country like Austria has no water-…Continue
Added by Igor on September 27, 2013 at 8:54pm — No Comments
EURUSD: With EUR remaining bullish and pointing higher following a reversal of its Thursday weakness, the risk is for a return above the 1.3568 level to occur. Further out, resistance comes in at the 1.3600 level followed by the 1.3650 level and possibly higher towards the 1.3700 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on a price failure it will target the 1.3456 level followed by the 1.3321 level where a breach will target the 1.3250 level.…Continue
Added by fxtech on September 27, 2013 at 5:36pm — No Comments
We are currently watching EUR/CHF from the pure technical perspective. The 6H Chart suggests there are multiple…Continue
Added by fx-Syndicate on September 27, 2013 at 3:50pm — No Comments
With month & quarter end the USDJPY weekly chart just about sums up current market mood, namely indecision. As we can see on the chart the currency pair is the latter stages of developing a classic pennant pattern (as shown by the dotted lines).
A pennant is a chart pattern which is formed when a…Continue
Added by Anna Coulling on September 27, 2013 at 3:19pm — No Comments
USDCAD is higher but bulls are looking tired here based on some slow and choppy price action with decreasing momentum as seen on the RSI reading. That's a very often characteristics for wave C of a zigzag that indicates a coming reversal. In our case that should be to the downside as larger trend is still down. There is also gap from Sep 16th, as well as former wave four that could react as a…Continue
Added by Gregor Horvat on September 27, 2013 at 2:17pm — No Comments
Currently we are at 1.6100 after the bounce on the Day chart trend wall. We are looking for a bullish continuation to the double top @ 1.6165. Square up day today so watch the sellers there. The average daily true range (ATR) for the pair currently is 104 pips.…Continue
Added by Scott Barkley on September 27, 2013 at 1:14pm — No Comments
Markets were thrown into turmoil when the FED chose not to reduce its asset purchases last week and chairman Ben Bernanke seemed to back away from some of the guidance that the FED gave in June. As I mentioned in my previous article on my personal blog, now I expect to see "Octaper" and "Novtaper" and the same hilarious behavior we had all the summer: buy USD on any good number coming from US and sell it the next day as the following number came worse than…Continue
Added by Arenoosh on September 27, 2013 at 11:00am — No Comments
EUR/USD continues looking for a direction as we approach the end of the week. Fears of the collapse of the Italian government haven’t moved the pair too much, nor have dovish Fed comments. The jury seems to be out in the “ugly contest”. FOMC members dominate the scene and overshadow the second tier figures towards the close of the week. Will the pair pick a direction in the last minute?
Here is a quick…Continue
Added by Yohay Elam on September 27, 2013 at 10:50am — No Comments
Added by Jey on September 27, 2013 at 10:38am — No Comments
After facing a strong resistance at 1.3711 levels during Feb'13 the cross has sharply dipped towards 1.2745 levels. Currently the pair seems consolidating within an expanding triangle pattern; so far witnessed two higher tops wave a & wave c and two lower bottoms wave b & wave …Continue
Added by Jey on September 27, 2013 at 10:00am — No Comments
German Bank recommends betting against the euro
German Economic News through Google Translator
The German bank advises the German investors now enter into monetary Monopoly. In a comment for the trade journal of the "chief investment…
Added by Francesc Riverola on September 27, 2013 at 9:33am — No Comments
Bank of Tokyo-Mitsubishi - "The USDJPY top-side is heavy due to the uncertainty over the ongoing US congressional budget negotiations. But despite the recent rebound, the yen has been week across the board since the beginning of September. For example EURJPY is still at highs not seen since late September of 2009. Next week the Tankan survey on 1st of October will confirm the gradual recovery of the Japanese economy and will coincide with PM Abe announcing that the sales tax will be hiked…Continue
Added by Francesc Riverola on September 27, 2013 at 9:12am — No Comments
Bank of America Merrill Lynch - "We have recently revised our EUR projections to reflect USD weakness following the last FOMC. Although we expect EUR/USD to weaken over the longer term, we expect it to remain supported as long as the Fed does not taper and the ECB remains on hold. However, we do not expect the EUR to strengthen much from current levels, as long as eurozone inflation and inflation expectations remain well bellow the 2% ceiling.
In this context, we expect the EUR risks…
Added by Francesc Riverola on September 27, 2013 at 8:59am — No Comments
Added by Jason Sen on September 27, 2013 at 7:47am — No Comments
Added by Jason Sen on September 27, 2013 at 7:45am — No Comments
Added by Jason Sen on September 27, 2013 at 7:44am — No Comments
MTG MARKET UPDATE 27.09.13
EUR/USD: Sell Below 1.3500,TP1.3475/50,SL1.3540,BOB1.3550
GBP/USD: Sell Below 1.6125,TP1.6075/50,SL1.6164,BOB1.6170
GOLD: Buy above1319,TP1328/33,SL1311,andBOS 1310
#CL: Sell Below 102.75,TP102.25/102,SL103.10,BOB103.30
USD/JPY: Sell Below 98.80,TP98.30/98,SL99.15,BOB99.25
ECB President Draghi Speaks 2pm, Italian 10-y Bond Auction tentative, FOMC Member Evans Speaks…Continue
Added by muthusamy perisamy on September 27, 2013 at 6:03am — No Comments