AUDUSD: Recovery Halts, Weakens AUDUSD: The pair now faces bear pressure as a further attempt at building on its recovery started from the 1.0439 has stalled at the 1.0754 level. The risk of this development if a return above the 1.0754 does not occur will mean possible lower prices towards the 1.0439 level with a … “AUD/USD and USD/CHF Technical Analysis”
Category: Opinions
AUD/USD: Trading the Australian GDP May 2011
Expectations are very low for Australia’s Q1 GDP: a first contraction of the economy in over two years. This broad measure of the economy will rock the Aussie on any result. Here are the details and 5 expected outcomes for AUD/USD. Published on Wednesday at 1:30 GMT. Indicator Background Australia’s economy never went into a … “AUD/USD: Trading the Australian GDP May 2011”
USD/CHF: Trading the Swiss GDP
Many see the Swiss franc only as a safe haven currency. With the GDP release, we get the broadest measure of the economy. The release will rock the Swiss franc that is at all time highs against the dollar. Here are the details and 5 scenarios for USD/CHF. Published on Tuesday at 5:45 GMT. Indicator … “USD/CHF: Trading the Swiss GDP”
USD/CHF Bearish Impulse Targeting 0.83
Swiss franc has been acting very strong for the past few days, since majors, such as Euro, Pound and Australian dollar found support against the US dollar. Notice that Usd/Chf reversed sharply on the downside at the end of a trading week, as pair was unable to gain above the daily falling channel resistance line. … “USD/CHF Bearish Impulse Targeting 0.83”
GBP/USD and USD/CHF Technical Analysis
GBPUSD: Strengthens, Bullish Into The New Week GBPUSD: The pair ended the week strongly higher breaking through the 1.6301 level, its May 20’2011 high to follow through higher on its previous week gains. This development now leaves GBP targeting its nearby resistance at the 1.6516 level, its May 11’2011 high where a decisive violation will … “GBP/USD and USD/CHF Technical Analysis”
Does the Arrest of DSK Prevent Greek Restructuring?
The arrest of former managing director of the IMF Dominique Strauss-Kahn in New York may have changed the course of events regarding the Greek crisis. With Christine Lagarde as the head of the IMF, things are likely to be quite different for Greece. Here is the amazing timeline of events: Greek situation deteriorates April 26: … “Does the Arrest of DSK Prevent Greek Restructuring?”
GBP/USD and USD/CAD Technical Analysis
GBPUSD: Bullish, Threatens The 1.6516 Level GBPUSD: As bullish pressure continues to build up, further upside risk is expected to target the 1.6516 level, its May 11’2011 high. This is coming on the back of a recovery rally started from the 1.6056 level on May 24’2011. With that said, to convince the market that a … “GBP/USD and USD/CAD Technical Analysis”
EUR/USD: Trading the Pending Home Sales May 26 2011
The last major economic indicator for the week is a very volatile one and will add action to the jittery markets at this time of the week. Here are all the details, and 5 possible outcomes for EUR/USD. Published Friday, 14:00 GMT. Indicator Background The housing sector is lagging behind, with falling home prices and … “EUR/USD: Trading the Pending Home Sales May 26 2011”
EUR/USD and USD/CHF Technical Analysis
EURUSD: Resumes Long Term Uptrend, Eyes Further Upside Gains. EURUSD: EUR has resumed its long term uptrend after rallying back above the 1.4266/79 levels, its key resistance level in early morning trading today. A firm hold above that level on a weekly closing basis will build a base for further strength towards the 1.4576 level, … “EUR/USD and USD/CHF Technical Analysis”
EUR/USD and EUR/GBP Technical Analysis
EURUSD: Sets Up For Further Weakness EURUSD: With further downside momentum continuing to be seen, EUR now looks to weaken further towards the 1.4020/00 levels, its mar 28’2011 low/psycho level. This zone is expected to hold as support on an initial test and turn the pair back up. However, if it breaks, further declines are … “EUR/USD and EUR/GBP Technical Analysis”