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So what REALLY is going on with King Euro?

Posted on February 22, 2009 at 21:38 in Commentary, Market Analysis by Tim Salem

 

Welcome back for another week !

The EUR/USD in the near-term is clocking in with Bearish Momentum and, perhaps, even more  Bearish “Sentiment” in the Macro-Term.

Technically… the “heavy weight” of all of its’ Member Countries… its’ uncoupling and bitter divorce with Gold… plus being stabbed in the back by Gold and its’ new marriage with the U.S. Dollar surely rivals the Academy Awards Show of last night!

 

 

“CVJ!… You call those Technicals?… What… Is that your new version of Market Analysis?… Metaphor and Word-Play?”,  the CVJ Fan Club Guys rant….

 

“OK OK, Guys… just trying to be a little festive!”….  ;-)

 

 

The title of today’s Post comes from another reflective weekend in which I was trying to “Connect the Dots”, as they say… and also thinking about some thoughts I had months and months ago.

Most of my friends here at the Blog know of my music and art background… and I was thinking of Mozart this weekend as I was doing some composing.

 ( I am working on an Opera that I began back in 1991… abandoned, revised, abandoned, etc….  a story for another time… )

My thought of Mozart concerned the idea of “Disconnect”.

Here we have a child prodigy of music with such innate talent and perfection… certainly one of the finest Contributors to Humanity in my personal view… yet this exact talent and perfection was often subservient to the Aristocracy of his Time.

Talk about a Disconnect!… 

 I would like to spend the week going over these “Disconnections” with the Euro Dollar, Dollar Strength, and the relation of Gold to both of these Units.

( I will vacillate throughout the week between these Three… but of course… update with any aberrations that arise in other Markets as well…. )

 

Concerning the EUR/USD Unit… I recall a conversation with a friend we were having about Currency movement throughout 2008… after all… this was about March of last year.

While we were not coming to any real conclusions ( a perilous journey for a Trader, as always…) … we were simply contemplating a specific and massive Paradigm shift with the Euro itself.

So… let’s start with some relatively “Naked” Charts and drill down from a Monthly, to a Daily, to an Hourly.

We will stick, then, with our Hourly for Updates as the day moves along…

Give the Captures a Click, and Post-Time Sunday evening (for me) is 2:35 GMT.

 

 

 

 

 

 

 

 

We will check back with some Updates to see if our immediate-term Bullishness plays out with confidence!

 

Tags: analysis, dollar, economy, EU, EUR/USD, euro, gold, Mozart, music, opera, progidy, risk appetite, Risk Aversion

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