Today should be a quite interesting day with traders focusing on the German chancellor Angela Merkel and French president Nicolas Sarkozy meeting in Paris; who will attempt to ease market concerns about Eurozone debt troubles. Why we also think that trading could be interesting is a technical outlook of the S&P Futures count, where a … “Corrections on AUD/USD and S&P Near Completion”
Category: Opinions
GBP/USD Risks Higher, USD/CHF Hammer and Oversold Condition
GBPUSD: Risk Higher Above Rising Trendline GBPUSD: Our outlook on GBP continues to point higher as long as it holds above its long term rising trendline dating back to May’2011. Although it weakened and closed lower for the week, we see the risk of returning above the 1.6472/1.6510 levels a possibility. In such a case, … “GBP/USD Risks Higher, USD/CHF Hammer and Oversold Condition”
No Short Selling Ban in Forex
The ban imposed by some European regulators on selling of shorts is a great opportunity to remind everybody that in forex trading, no such ban is possible. This is one of the great things in currency trading over stocks. Most investors in stocks don’t use shorts, but rather buy them, hoping they will go up. … “No Short Selling Ban in Forex”
AUD/USD: Trading the Australian jobs Aug 2011
Australia releases its employment figures at turbulent times for its currency. This all-important figure always rocks the markets. The low expectations can set the stage for a surprise. Here are the details, and 5 possible outcomes for AUD/USD. Published on Thursday at 1:30 GMT. Indicator Background After many months of strong job gains and surprising … “AUD/USD: Trading the Australian jobs Aug 2011”
Euro Recovers After A Bounce on Stock and Commodity
Asian markets were mostly higher as stocks followed a positive close on Wall Street. European markets also gaped higher, and now the question is, if this rally is only temporary move or start of something bigger? Well, on S&P futures, move from the lows is still only in three waves, so any larger bullish reversal … “Euro Recovers After A Bounce on Stock and Commodity”
5 Reasons Why QE3 Has Slim Chances – FOMC Preview
The Federal Reserve will likely leave interest rates unchanged once again. The focus will be on the statement, in any change of tone found there. Will the Fed hint about QE3? Here are 5 reasons why this is unlikely. FOMC Preview with 3 scenarios for the dollar. Ben Bernanke and his colleagues are discussing monetary … “5 Reasons Why QE3 Has Slim Chances – FOMC Preview”
QE Landing in Europe – Is the Euro Headed South?
At last, the intervention of the ECB in the bond markets is serious. So serious, that doubts arise about the ability of the ECB to sterilize it, or to transfer it to the EFSF. This might be morphing in a Quantitative Easing program that Trichet vehemently rejected but might seriously help the old continent, at … “QE Landing in Europe – Is the Euro Headed South?”
Swiss Franc and Gold Set to Rally After S&P Downgraded
Standard and Poor’s downgraded the U.S.’s sovereign credit rating from AAA to AA+ on Friday after the market close. There are a lot of speculations how the markets will react, which should be US dollar negative. Now, the question is where the money will go!? We believe it will be nothing different compared to what … “Swiss Franc and Gold Set to Rally After S&P Downgraded”
How Will Currencies React to the Credit Downgrade?
The question above is tough. The historic downgrade of the US by S&P is set to aid some currencies against the dollar, while others will suffer. One thing is certain: the week will open with a storm. Here are estimates on 7 currency pairs, assuming that policymakers around the world will not act in extraordinary … “How Will Currencies React to the Credit Downgrade?”
EUR/CHF Eyes Further Weakness, USD/CHF Maintains Bearish Momentum
EURCHF: Breaks Major Support, Eyes Further Weakness EURCHF – With the cross breaking and holding below its major support at 1.0000 the past week, risk of further weakness is now expected in the coming week. EURCHF has been weakening since collapsing off the 1.6826 level in 2007 and with bearish momentum remaining in progress, further … “EUR/CHF Eyes Further Weakness, USD/CHF Maintains Bearish Momentum”