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Is the situation in Europe out of control?
It seems that more and more issues are piling up on the already unsolved problems that have been in existence virtually since the crisis began in 2008!
Greece has apparently met only 22% of its responsibilities to cut spending under the latest bailout and has asked for a two year extension to its obligations.
It is hard to imagine that Greece can survive within the Eurozone given its lack of ability driven by social unrest to meet the agreements it has signed.
Want to Read more? http://www.sarrafx.com/en/view-blog-article/49/Out-of-Control
The market is now well and truly over the euphoria which greeted the EBC’s bond purchase scheme. It also didn’t murder the dollar when QE3 was announced.
The global economy is struggling and there are fewer and fewer bright-spots for the market to focus upon. The Aud, the darling of the risk on brigade has given way to the JPY, the darling of the risk off brigade! We can’t consider the Chf anymore as it is heavily shackled by the SNB.
Now it appears as though the Euro (the darling of no one it seems) has topped out as the market continues to digest the European leader’s ability to pass up every opportunity they manufacture to set their joint economy on the right track.
Read More: http://www.sarrafx.com/en/view-blog-article/48/Has-the-downtrend-resumed?
What makes a market?
Yesterday’s blog and subsequent discussion reminded me a lot of how things used to be.
It is important that we share ideas. If it takes someone to be provocative or controversial to get people talking then that is a good thing for us all.
For me it is to understand the mentality and thinking of the participants in these markets but I am also trying to help to broaden the horizons of those who are new to FX or trading in general.
Want to read more? Go to http://www.sarrafx.com/en/view-blog-article/47/What-makes-a-market?
Basically, I think it is impossible to make money trading FX (or any other market) by using technical analysis alone. No matter what indicators, time frame or system you use it cannot work in isolation.
These markets work on so many levels with so many influences, inputs and indicators that to limit oneself to one seems to me a little naïve.
Read more: http://www.sarrafx.com/en/view-blog-article/46/Why-wear-blinkers?