Currency Markets

Daily EUR/USD - EURO

Daily GBP/USD - British Pound
Daily AUD/USD - Aussie Dollar

Daily USD/CAD - Canadian Dollar

Daily USD/JPY - Yen

Daily NZD/USD - NZ Dollar

I put my comments on each of the charts but now I will state the disclaimer. I do not know how much of the recent action was been caused by the end of the year BS so the charts might be useless. It seems like the EURO, Pound and Yen want to get weaker against the dollar and the Aussie, NZD and Loonie want to get stronger. This sounds like people want to buy yield and natural resoures to me.

I want to add a simple point to add here. I look at these charts in very simple ways. I use the moving averages to guide me along with basic chart formations and the occasional blow off day. I am not one to look at the endless fundamentals of interest rates and so forth. K.I.S.S. is better in my mind and I think I have been right more often than wrong being that way. A point you might consider in the New Year for yourself.

The Denarii Trader.