Valeria B Bednarik's Blog – July 2011 Archive (5)

We are saved

Well, maybe not, but market players seem to be thinking so. The EU summit offer further facilities to Greece to overcome current situation and avoid default: more money, more years, less interest rates. The ECB has no choice now, but to keep feeding the beast to recover all the time, effort and cash already invested in this crisis. Anyway, now dollar has result to be unattractive again, and is strongly down across the board, while gold reaches fresh record highs near $ 1624/oz. Swiss Franc…

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Added by Valeria B Bednarik on July 25, 2011 at 12:02pm — No Comments

Pure noise

Risk is on, risk is off. Stocks slump, stocks recover. Dollar win, dollar loses. And in the mid time prices are not that much changed from past week levels, yet gold reached a fresh record high, and holds steady above $ 1600/oz, showing us investors are not willing to risk with currencies right now.

 

The EUR/USD tug of war seems not going to have a positive outcome for the European currency: early this morning, ECB member Ewald Nowotny suggested the bank may compromise and…

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Added by Valeria B Bednarik on July 19, 2011 at 1:48pm — No Comments

And dollar lost attractive again

Hi everyone! Summer is well summer. We know we hardly see a clear trend developing in July, and August I would expect to be even worse. Wild volatility seen these last days and hectic market movements won’t settle soon. If we also add the sovereign debt woes in the euro zone, and last strike to the US, after Moody’s put the country on review for possible downgrade (the country has reached its debt ceiling, and lawmakers need to agree to extend it) I would strongly suggest to trade short…

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Added by Valeria B Bednarik on July 14, 2011 at 10:27am — No Comments

Panic eases this Wednesday

Hi everyone! Panic starting past Monday eased this Wednesday and dollar is losing some ground against high yielding currencies. Why investors are back to euro, I guess because they choose the less evil: while the euro zone is fighting to solve the crisis (whether if they are doing it right or wrong), the US saw an increase of the deficit along with worsening employment conditions.



However, market is far from feeling confident on any economy, and gold near its’ record high is…

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Added by Valeria B Bednarik on July 13, 2011 at 11:31am — No Comments

Beginners corners' webinar at 17:00 GMT

In about 15 minutes, I will start as all Friday's the Beginners Corner Webinar, today, focus on trend indicators.

 

Join me here! :…

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Added by Valeria B Bednarik on July 1, 2011 at 4:46pm — No Comments

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