by Ramki | May 16, 2010 | Euro
I am going to quote some comments by Paul Krugman: 1. “I’m not encouraged by the remarks of some of the leaders, who keep talking about protecting the euro as if speculation against the currency were the problem. Actually, a weak euro helps Europe.” 2. “When...
by Ramki | May 10, 2010 | Euro
Elliott Wave analysis is a powerful tool in your hands if you know how to use it. You cannot be blind to what is happening around you. Until last Wednesday, when the Euro was still at 1.2850 levels, I was looking for it to go lower still, perhaps even reach the L/T...
by Ramki | May 10, 2010 | Euro
“Lending more money to already over-borrowed governments does not solve their problems” says Mr Carl Weinberg. The FX markets seem to agree, as the Euro is rapidly giving up a lot of the gains it made yesterday. Are we going to 1.1700 directly? Let us start by...
by Ramki | May 5, 2010 | Euro
When a significant target is reached one should step back and look at the bigger picture again. Elliott wave analysis of EUR/USD suggests that the decline from 1.5144 finished its first wave at 1.4216. The second wave retraced 38.2% only (suggesting that the next sell...
by Ramki | Mar 11, 2010 | Euro
It has been a while since I commented on the Euro. The EUR/USD currency pair has spent over a month in a relatively narrow range, and perhaps now is a good time to plan where the next strategic trade can be put on. Take a look! Spend some time reflecting on the...
by Ramki | Oct 4, 2009 | Euro
Whether you are thinking of selling USD/YEN or EUR/USD, I suggest that you keep an eye on EUR/YEN. There is some initial resistance just above 131.10, but assuming we break above that, then a nice place to sell would be 132.55. But we may even experience some problems...
