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HCM Custom Charts

Expect some volatility in the Euro this week should there be any questions raised over the Greek Bailout.

The resignation of the German President Mr. Wulff failed to deliver any volatility to the markets with EUR/USD hovering around 1,3170 level and German DAX around 6.850.

In the US the Consumer Price Index came in line at +0,2 percent, signs that the inflation is still low and Chairman Ben Bernanke can keep the interest rates at low levels till late 2014 as he previously announced.

On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.2974 will revive the case that rebound from 1.2625 is finished and flip bias back to the downside for this support level.

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HCM Custom Charts

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com