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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Wednesday, March 27, 2013

U.S. $ Strength Continues as the Euro Slumps

The U.S. $ is still strong, as shown on the Daily chart below...will see if it carries on over resistance. Any hint of weakness may be the catalyst that propels the markets higher...but I'm thinking that with the banking mess in Europe at the moment, that may be a long shot.

Angela Merkel needs to pull a rabbit out of the hat...Euro-bonds perhaps?...or even just another rumour about them? A rumour wouldn't surprise me!


In the meantime, the EUR/USD continues to slump, as shown on the Weekly chart below. Major support lies in the vicinity of the 50% Fibonacci retracement level at 1.2125.