Wednesday, May 16, 2012
Failure of Greek leaders to come to an agreement on a coalition government has contributed to massive risk aversion in not only the EUR/USD pair, but across multiple asset classes. Within a 24 hour period, the pair had fallen about ~190 pips from a high of 1.2869 on yesterday to today's low of 1.2681. Market participants are now fearing the likelihood of a Greek exit from the Eurozone and this has caused spreads between the 10-YR Spanish & 10-YR German Bund to widen to record levels. On today, the EUR/USD is pushing higher in a corrective pattern due to short covering, brought on by good news coming out of the Eurozone. The Eurozone Trade Balance came in at a surplus, Core CPI numbers were below their inflation target of 2.00%, and the auction for the German 10-Yr paper had a successful take up rate, despite the low yields.
In today's V.I.P. webinar, we discussed the current price behavior in the EUR/USD pair and looked for opportunities to place a live trade using the Slumdog Forex trading system.
Thursday, May 10, 2012
In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and the fundamental news pushing market prices. We also place a few live trades using the Slumdog Forex trading system.