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The French Service PMI numbers came in lower than expected at 50.1 vs 51.5 (prev. 51) . while the Manufacturing PMI came in slightly better 50.2 vs exp. 49 ( prev. 48.5). The EUR rallied from 1.3240 to 1.3265, a [...]
The action in the EUR from 1.3065 to 1.3275 on a potential debt deal in Greece, is a typical example of the shorts squeeze that I have warned against given the high level of EURUSD shorts. Regarding EUR fundamentals, I see [...]
EUR closed in NY at 1.306625. The target by EU banks is 1.3020. The JPY action might give us some clues.It closed in NY at 78.43, the highest close since August 4th . Should we take out 78.90 on a [...]
The move due to the Chinese comments last night gave a chance to put on again a short position in EUR this morning ( Europe) ( average 1.3145) . The break in the ES to 1344 a chance to cover [...]
There is no fundamental change in the EURUSD at this point. I remain bearish, but as said before, I am wary of the very high short position in the pair. So any news can provide violent up-moves due to short [...]
EUR broke 1.32 and now we should take out 1.3030 to confirm USD uptrend. It has been a nice move from from 1.3285 that was defined on Feb. 10. The current level of 1.3160 despite ES at 1345+ and continuous [...]
AS long as we do not take out 1.32875, I continue to lean on the ss side. If Danny is right that they will go at some point after the buy stops in the ES above 1353, this could easily [...]
Everybody saw the images out of Athens this week-end, so there is not much to comment on that front. The “positive ” vote for the austerity package in the Greek parliament on Sunday night lifted the EUR to 1.3284 .The [...]
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