USDCHF: Setting Up For A Return To The 0.8325 Level. USDCHF: With its inability to sustain its past week momentum, USDCHF could be headed towards its Jun 05’2011 low at 0.8325. Guest post by www.fxtechstrategy.com If this level is taken out, the pair will resume its long term downtrend towards the 0.8300 level, representing its psycho … “USD/CHF Setting For a Return, GBP/USD Recovering with Caution”
Category: Opinions
Euro Forming A Higher Corrective Pull-back; Now Threatening 1.4500
Euro is forming a short covering rally after the some powerful downward reaction at the end of the past week, which is quite interesting after S&P downgraded Greece to negative CCC outlook. In normal circumstances you would expect a Euro sell-off, but technical always win, very similar and contrary reaction that was already seen in … “Euro Forming A Higher Corrective Pull-back; Now Threatening 1.4500”
USD/JPY Eyes Lower Levels, USD/CHF Triggers Corrective Recovery
USDJPY: Outlook Lower With Eyes On The 76.18 Level (Monthly Outlook) USDJPY – Having followed through lower on the back of its flat close in May 2011, further bear pressure looks to push USDJPY towards its 2011 low at 76.18. With corrective attempts rebuffed at the 85.52 level in April followed with continued downside pressure, … “USD/JPY Eyes Lower Levels, USD/CHF Triggers Corrective Recovery”
EUR/GBP Pressured, GBP/USD Weakening
EURGBP: Pressured To The Downside. EURGBP- Our call for a turn off on a test of the 0.8843 level is now playing out as EURGBP tested and bounced off that level on Thursday. However, a return above the 0.8976 level must be established to end its present bear threats and open the door for a … “EUR/GBP Pressured, GBP/USD Weakening”
Eur/Usd Headed Even Lower While Below 1.47 – Video
Eur/usd fell to even lower levels in recent trade after earlier reversal from 1.4550 during Asian hours, when stocks were mixed with Japanese Nikkei up 0.4%, Australian ASX 0.2% while Hang Seng Index, South Korean Kospi Index and Chinese Shangai Composite Index lost some of thier value. German DAX traded negative at the European open … “Eur/Usd Headed Even Lower While Below 1.47 – Video”
USD/CAD Consolidating, EUR/USD Under Pressure
USDCAD: Consolidating But Vulnerable USDCAD: Our outlook on USDCAD remains that of consolidation with upside bias as long as the 0.9737/0.9640 levels continue hold as supports. However, a clearance of the 0.9849 level must be triggered to resume its near term uptrend. This will set the stage for a run at the 0.9969 level, its … “USD/CAD Consolidating, EUR/USD Under Pressure”
MOF on heightened alert as USD/JPY breaks 80
With USD/JPY back below the critical 80 level once again, it is no surprise that Japanese finance officials are expressing increased concern, especially at a time when the economy is attempting to recover from the aftermath of the tragic March earthquake and tsunami. USD/JPY has been creeping lower progressively since the end of May. In … “MOF on heightened alert as USD/JPY breaks 80”
Don’t Rule Out Another Rate Delay in the Euro-Zone
A signal that the ECB will raise the rates in July is widely expected from Jean-Claude Trichet in the press conference that follows the upcoming rate decision. But is everything so rosy? Here are 5 factors that could yield a surprising delay in rate hikes. ECB Preview and how this could impact euro dollar. In … “Don’t Rule Out Another Rate Delay in the Euro-Zone”
Euro Higher Than Gbp and Aud, But Lower Against the
Markets are very calm today during the US trading session, with majors trapped in a very tight range. As such, it’s a perfect time to look at some cross pairs, especially with Euro, which is in a quite bullish mode for the past few days and weeks. We will take a look on the Eur/Aud … “Euro Higher Than Gbp and Aud, But Lower Against the”
AUD/USD: Trading the Home Loans Release
After the dust from the rate hike has settled, the Aussie’s busy week continues with a less complex release: home loans. This publication always rocks the Australian dollar. Here are the details, and 5 possible outcomes for the AUD/USD. Published: Wednesday, 1:30 GMT. Indicator Background Most people need a loan from the bank in order … “AUD/USD: Trading the Home Loans Release”