Second Skies

EUR/GBPAfter taking a drubbing for the first half of May, the EUR/GBP has been displaying price action characteristics of a bottoming as of late. First on the docket, it formed a HL (higher low), then...

GoldAfter rocketing up $72 from the dismal NFP number, gold has trotted in place for the last two days forming an ii pattern (or a double inside bar pattern).  Although we are at a key resistance...

AUD/USDThe AUD/USD pin bar setup that we mentioned yesterday in our weekly forex commentary gave a nice pullback entry and has popped higher. Depending upon your entry, a minimum profit of 2x your...

EUR/JPY Prints 12 Year Lows…More Downside?Selling off for 8 days in a row, the EUR/JPY has been getting pummeled by the Greek tragedy and the Pain in Spain, which now (the latter) seems to be...

Ahh, the Swissie, the gift that keeps on giving.  Chocolate, good watches, offshore accounts, and textbook breakout retest setups.Anyone following this blog will notice I’ve been writing on...

USD/CHF – Head Fake Above .9600?The swissie today formed its first daily close above the .9600 level which is the first time in over 14 months it has done this. The question is, is this a false...

Spain, Greece And The Horror With No End…For NowAlthough markets were calm yesterday due to the US Memorial Day Holiday, Spain today asked the EU to act in providing support for fiscally frail...

As much as every politician wants this to go away, it won’t as the euro got hammered yesterday in NY trading, dropping 120+ pips in about 3 hours as the EU summit didn’t really calm any...

China Slowing Down, Fear & Loathing In EuropePrior to the London open, the China HSBC Flash Manufacturing came out worse than expected, alarming investors globally. This initially sent the AUD and...

Euro Rebounds From Oversold Status, Re-PositioningAfter a well needed bounce from the price action exhaustion we had noted earlier last week, the euro bounced ahead of the EU summit this weds....

‘FadeBook’ And EUR Plummet In Mass Exodus, Grexit FearsThe euro got pummeled across the board, which was actually holding serve until former Greek P.M. ‘L-Pap’ (his Greek rap...

Where to start…well, how about the fact it was reported an additional €500m fled the Greek banks (total of €1.2B in two days) as everyone who has two legs and can push keys in the ATM...

As you might have guessed, the EUR/USD got pummeled today as continued worries over the upcoming elections in Greece and inability to form a government are increasing the odds of a Greece exit since...

The euro and other markets took one on the chin yesterday with the Greek elections bringing uncertainty whether they will hold to the austerity plan or bail on it and their future debt-slavement. This...

Elections in Greece and France mark the next two European countries to lose the controlling parties and heads of state that were apart of the bailouts all suggesting the political support and will...

With Spanish stocks at 9 year lows, the day started off in Europe on a sour note with the regions strongest economy (Germany) posting worse-than-expected unemployment numbers which immediately...