The price of gold has also been twisted by Bernanke and doesn’t seem to show signs of recovery. It’s not only the absence of QE3 that is driving the price down. Here are 5 reasons why gold is going down long term. In addition to fundamentals, also the technicals point lower. Gold price has lost … “Gold Glitter Gone – 5 Reasons for Gold Bugs to Hide”
Category: Opinions
AUD/USD Elliott Wave: A Free Fall?
OK, we have seen enough, AUD/USD is not falling in wave (v) as we firstly thought, but its more likely in wave (iii). Why!? Its because of the price action personality, which helps us to label the chart in a correct way. In wave five you will tend to see slow moves with decreasing volumes … “AUD/USD Elliott Wave: A Free Fall?”
Big Sigh of Relief in Japan
While the stock market may be disappointed with Fed Twist, the authorities in Japan are probably relived. The Japanese yen had been approaching all time highs against the dollar in recent days. USD/JPY now rises, as the dollar rises across the board and moves away from the intervention zone. Each time the pair got too … “Big Sigh of Relief in Japan”
7 Scenarios for FOMC: Many Measures are Needed for the
Ben Bernanke and his colleagues will be discussing a wide range of monetary stimulus options. Quite a few options are on the agenda, as the Federal Reserve is urged to do something to kick start the economy. QE3 is low on the list. The statement published on Wednesday, 18:15 GMT will be closely watched and will likely … “7 Scenarios for FOMC: Many Measures are Needed for the”
EUR/USD: Trading the US Unemployment Claims Sep 2011
The US Unemployment Claims indicator is released weekly, and measures the number of people filing for unemployment for the first time during the previous week. An increase in unemployment figures will dampen consumer spending and could hurt the dollar as well. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at … “EUR/USD: Trading the US Unemployment Claims Sep 2011”
NZD/USD: Trading the New Zealand GDP September 2011
The Gross Domestic Product (GDP), is a quarterly index which measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the New Zealand GDP may well have a critical effect on NZD/USD. Here are all the details, and 5 possible outcomes for NZD/USD. … “NZD/USD: Trading the New Zealand GDP September 2011”
Market Direction To Become Clearer After Wednesday
Christopher Vecchio, a currency analyst with DailyFx.com discusses the upcoming FOMC meeting and sees a small chance for big move. He analyzes the impact on commodity currencies, oil and gold and sees a negative outcome for them. Vecchio also discusses the situation in the euro zone and lays out an option of a split with … “Market Direction To Become Clearer After Wednesday”
USD/JPY: Trading the Existing Home Sales Release
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy. … “USD/JPY: Trading the Existing Home Sales Release”
USD/JPY and GBP/JPY Under Bear Pressure
USDJPY: Bearish, Weakness Pressures the 75.92 Level USDJPY: With a follow through lower on the back of its past week gains now seen, further weakness is now envisaged towards the 75.92 level, its 2011 low. USDJPY has been under bear pressure since topping out at the 124.13 level in Jun’2007 and with that downtrend remaining … “USD/JPY and GBP/JPY Under Bear Pressure”
How will this Greek tragedy come to an end?
With key European officials in crucial talks with the Greek government at the start of this week, the next round of Greek bailout funding is firmly in focus. The Greek situation has prompted some serious discontent from European voters, and this was perfectly expressed in Germany where Angela Merkel is beginning to feel the heat. … “How will this Greek tragedy come to an end?”