In a rather unexpected fashion, I had to take a break from this blog as well as trading in general, at least actively. Personal issues piled up and I was unable to postpone them any longer. I could have traded on Friday, as I was ready, but the conditions were not suitable. Even though currencies [...]

With Greek situation normalized (for now), markets are shifting attention to Spain. For a while, it looked like this country was trying to target a 5.8% deficit in 2012, rather than the 4.4% it had promised the EU. Under pressure from Union officials, Madrid eventually agreed to 5.3% for the year. Still, this is way [...]

Ever so slowly, the EUR-AUD is in the process of building a bottom pattern on its daily chart. After making an all time low at 1.2131, the price formed what appeared to be small rounded bottom, followed by a fast move to 1.2616. With more price history since, now a possible Cup with Handle formation [...]