Technical Analysis
USD CAD towards 1.0055
USD CAD towards 1.0055: USDCAD spiked at 1.0037 and managed to remain above the psychological 1.00 level, as Bank of Canada kept the policy rate unchanged at 1.0%. Pivot: 0.998 Our preference: Long positions above 0.998 with targets @ 1.0035 & 1.0055 in extension. Alternative scenario: Below 0.998 look for further downside with 0.9945 & [...]
EUR/USD Outlook
EUR/USD Outlook Candlesticks A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign [...]
EUR/USD Heading Lower
EUR/USD Heading Lower EUR/USD broke below the downside support level of 1.40, 317 day(s) ago. This is a bearish sign. This previous support level of 1.40 may now provide upside resistance. Volume on the day of the breakout was quite heavy–122% above average. This makes the breakout even more significant. If you decide to trade [...]
Foreign Exchange: The Fiscal Cliff
Foreign Exchange: The Fiscal Cliff The euro reached a 10-month high yesterday before pulling back dramatically after comments from the head of EU Finance Ministers Jean-Claude Juncker. With respect to the strength of the common currency, he stated that “the euro foreign-exchange rate is dangerously high.” His comments struck hard at the near term outperformance [...]
EUR USD intraday: turning down
EUR USD intraday: turning down Pivot: 1.34 Our preference: Short positions below 1.34 with targets @ 1.329 & 1.3245 in extension. Alternative scenario: Above 1.34 look for further upside with 1.3425 & 1.348 as targets. Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed. Daily Technicals [...]
FX Update EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF
FX Update EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF Foreign Exchange US : “extraordinary” measures will end by late February as US hit a $16.4 trillion debt limit Dec. 31. GOLD: ETP stood at an all-time high of 18,956.034 metric tons on Jan. 2. GOLD: FORECAST might reach $1,900 as “central bankers continue to debase their [...]
FX Update DXY, USD, JPY, GBP
FX Update DXY, USD, JPY, GBP 10-Yr: -20/32..1.834%.. USD/JPY: 87.07.. EUR/USD: 1.3182 US Lawmakers and White House have a deal on the Budget and Taxes, Spending Debate Still with Us The US Dollar Index slipped back to the 79.30 level Tuesday night as reports that the House would indeed approve a deal for the fiscal [...]
Foreign Exchange Update EUR, USD, JPY
Foreign Exchange Update EUR, USD, JPY Despite the USD weakness which saw GBP/USD pushed above 3 month highs, EUR/USD failed to take hold of 1.33, keeping trading range of 1.316 – 1.33. Italian and Spanish 10 yr bond yields trading lower – a sign of optimism in Eurozone. Though questions remains whether such optimism can [...]
US Dollar Held Steady Friday
US Dollar Held Steady Friday DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD, BNKXF, HBC 10-Yr T-Note: +08/32..1.716%.. USD/JPY: 86.00.. EUR/USD: 1.3216 The US Dollar Index was little changed, but higher, throughout most of the US session Friday as action sits near 79.65. Participants are in a wait-and-see mode as US lawmakers continue to work [...]
Mid Week Alerts: EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF
The euro hovered at multi-month highs against the USD and yen on Wednesday, having extended recent gains as tentative signs of progress in the U.S. fiscal talks bolstered demand for riskier assets. The euro was at $1.3224, not far off the overnight high of $1.3238 — a level not seen since May. Against the yen, [...]
Euro (€) / US Dollar ($) (EURUSD) Strategy
Euro (€) / US Dollar ($) (EURUSD) Fx Trade Idea: EUR/USD – Buy at 1.3145 EUR/USD – 1.3200 Most recent candlesticks pattern : N/A Trend : Up Tenkan-Sen level :1.3183 Kijun-Sen level :1.3180 Ichimoku cloud top :1.3142 Ichimoku cloud bottom :1.3115 Original strategy: Buy at 1.3050, Target: 1.3170, Stop: 1.3015 New strategy: Buy at 1.3145, [...]
Australian Dollar (A$) / US Dollar ($) (AUDUSD) Preview, AUD Headed Lower
Australian Dollar (A$) / US Dollar ($) (AUDUSD) Preview, AUD Headed Lower The AUD/USD is looking toppish here and we expect to see the pair pull back to a 1.02-1.03 range soon. We expect to see the pair reach parity in 2013. Next support levels are at 1.0510, 1.0460 and 1.0430. Resistance numbers come at [...]
Friday Charts, EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF
Highligts Yen Slips as Election Nears Politicians Talk Up Europe Metals Prices Fall HSBC flash purchasing managers’ index for December hit a 14-month high China Rally’s China shares outperformed Asian peers after the HSBC flash purchasing managers’ index for December hit a 14-month high of 50.9, the fifth straight monthly gain, showing growth in China’s [...]
FX Chart Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF
FX Chart Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF The USD rose to an 8-1/2-month high against the yen on Thursday as markets expect the BoJ to expand its easing program . USD rose to as high as 83.33 yen, its highest since March 27, with its March high of 84.187 seen as a possible [...]
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Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
A long upper shadow occurred. This is typically a bearish signal (particularly when …
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UAE Economy Seeing a Spring Boom
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As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the …
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shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
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