Foreign Exchange
Forex Analysis, EUR/USD – Inverted Head and Shoulders Vs. Flag
Forex Analysis, EUR/USD – Inverted Head and Shoulders Vs. Flag Chairman Bernanke, Before looking at the technical development, let us remember to monitor Mr. Bernanke’s testimony Wednesday at 10:00a EDT. Mention of a plan to taper QE could give USD further boost and pressure the EUR/USD. Inverted head and shoulders, The EUR/USD has been Bearish [...]
Japanese Yen Manipulation Under Pressure
Japanese Yen Manipulation Under Pressure The Bank of Japan BOJ Wednesday raised its assessment of the economy for the 5th month running on signs of a solidifying recovery, but left its ultra-loose monetary policy unchanged as it seeks to beat deflation and generate 2% inflation in 2 yrs. The central bank’s 9-member policy-setting board did [...]
China RMB Yuan advanced to 6.1911 Vs USD Tuesday
China RMB Yuan advanced to 6.1911 Vs USD Tuesday The Chinese currency Renminbi, or the Yuan, advanced 87 basis point to 6.1911 Vs the USD Tuesday, according to the China Foreign Exchange Trading System. In China’s foreign exchange spot market, the Yuan is allowed to rise or fall by 1% from the central parity rate [...]
USD/JPY Headed Under 100
USD/JPY Headed Under 100 USD/JPY intraday: under pressure. Pivot: 102.90. Our preference: SHORT positions below 102.9 with targets @ 102.05 & 101.85. Alternative scenario: The upside penetration of 102.9 will call for 103.3 & 103.7. Comment: Monday’s bearish gap maintains a downside pressure. Opinion published is an intraday view. Green Lines Represent Resistance | Red [...]
GBP/USD Up on Weak USD
GBP/USD Up on Weak USD GBP/USD intraday: bullish bias above 1.5205 Pivot: 1.5205. Our preference: LONG positions above 1.5205 with 1.528 & 1.533 in sight. Alternative scenario: The downside penetration of 1.5205 will call for 1.5155 & 1.511. Comment: the break above 1.5205 is a positive signal that has opened a path to 1.528. Opinion [...]
EUR/USD Making a Run Higher
EUR/USD Making a Run Higher EUR/USD intraday: continuation of the rebound. Pivot: 1.2835. Our preference: LONG positions above 1.2835 with 1.293 & 1.2995 in sight. Alternative scenario: The downside penetration of 1.2835 will call for a slide towards 1.279 & 1.2745. Comment: the pair has broken above an intraday declining trend line. Opinion published is [...]
Goldman Sachs NYSE:GS Boss Confident Euro will Survive
Goldman Sachs NYSE:GS Boss Confident Euro will Survive DB, BCS-PD Goldman Sachs’ Boss, Lloyd Blankfein, is confident the Euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag. “The risk that Euro will break apart or that individual members are headed for bankruptcy was substantially higher a year [...]
Singapore Dollar Weekly Preview
Singapore Dollar Weekly Preview Shayne Heffernan takes a look at Singapore Dollar trading for the week ahead. The Singapore dollar is undervalued next to the USD for now, a break above 1.26 is where I will recommence selling USD and buying SGD Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Singapore Dollar [...]
USD/JPY Weekly Outlook
USD/JPY Weekly Outlook Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bearish Our volume indicators reflect volume flowing into and out of JPY= at a relatively equal pace (Turning Bearish). Our trend forecasting oscillators are currently bullish on JPY but have had this outlook for the last 30 periods. Our momentum oscillator is [...]
EUR/USD Outlook
EUR/USD Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. EUR is currently 1.3% below its 200-period moving average and is in an downward trend. [...]
FX Trading With MetaStock XENITH FOREX
FX Trading With MetaStock XENITH FOREX The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT [...]
USD/ZAR South African Rand Outlook
USD/ZAR South African Rand Outlook Shayne Heffernan takes a look at the USD/ZAR USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that ZAR is in to continue for now but reverse and [...]
USD Long Position Spikes
USD Long Position Spikes DXY, AUD, EUR, NZD USD/JPY: 103.12.. EUR/USD: 1.2832 The US Dollar Index broke through the 84.00 level early in Friday’s US session, hitting a high of 84.35 before pulling back slightly. The USD Index held near 84.24, closing at its best mark since July 2010. The net amount of investor cash [...]
Forex, Trade Idea Update: GBP/USD – Sell at 1.5315
Forex, Trade Idea Update: GBP/USD – Sell at 1.5315 Chart by Pro RealTime.com GBP/USD – 1.5201 Original strategy: Sell at 1.5335, Target: 1.5180, Stop: 1.5370 New strategy: Sell at 1.5315, Target: 1.5175, Stop: 1.5350 The Cable has retreated again after meeting resistance at 1.5323 Thursday, so, a break of last week’s low at 1.5173 is [...]
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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 …
Commentary
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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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Enviro-Serv Inc (OTCMKTS:EVSV)
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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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