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| EURUSD at the bottom of the range |
Summary: After yesterday’s meltdown, an interesting day coming up – German court decision later (probably non-event, it does not really matter what they decide, the system is broken anyways). I've cut down on the news headlines, as there are simply too much news going on now. Instead I've included links to two of the best roundups on the web: the trader and Between The Hedges.
Views: EURUSD back to the bottom of range. Fading the news flow, just looking at the chart, it is time to buy the euro. Recommend buy at-the-market ( 1.4090), target 1.4400, stop 1.3950.
EURO CRISIS
Today’s must-read.
Bring Out Your Dead - UBS Quantifies Costs Of Euro Break Up, Warns Of Collapse Of Banking System And Civil War – Zero Hedge
Excellent credit chart roundup
Credit – Crossing an Event Horizon – Pragmatic Capitalism
Making sense of Target imbalances – voxeu.org
Good collection of headlines summarizing the current dynamics. Basically everybody warning everybody. Eastside is da best!
Germany's top court to decide on Greek bailout – euobserver.com
News roundups from multiple sources.
Tuesday Watch – Between The Hedges
News That Matters – The Trader
DIVERSION
Labor Day: We Have Today Off, Markets Not So Much – LOLFed.com