This broad quarterly measure of economic activity always rocks the Australian dollar, and provides a trading opportunity on AUD/USD. Here is the information about this events, and 5 possible outcomes for the Australian dollar. Published on Thursday, at 1:30 GMT. Indicator Background Investments by factors in the private sector are a a genuine gauge of … “AUD/USD: Trading the Private Capital Expenditure Release”
Category: Opinions
GBP/USD and Gold Technical Analysis
GBPUSD: Bears Still Remain In Control. GBPUSD: We continue to maintain our bearish bias on GBP as it continues to face downside pressure despite its present attempt at recovery. Its Monday losses and the mentioned vulnerability leave the pair targeting the 1.6000 level which may hold on an initial test, but if it snaps, the … “GBP/USD and Gold Technical Analysis”
Europe is getting tougher with Greece
Conscious that Greece is simply not delivering on any of its previous pledges, Europe is finally adopting a more aggressive attitude towards their troubled member. Estonia’s central bank chief put it bluntly this morning when he stated that the problem right now is a lack of trust in Greece, and that the country would be … “Europe is getting tougher with Greece”
USD/JPY: Trading the US New Home Sales May 2011
The struggling housing sector in the US continues to draw attention and is one of the keys to a recovery. The publication of New Home Sales will rock currencies, with USD/JPY being a good barometer for this event. Here are the details and 5 possible scenarios. Published on Tuesday at 14:00 GMT. Indicator background The … “USD/JPY: Trading the US New Home Sales May 2011”
AUD/USD and USD/CHF Technical Analysis
AUDUSD: Bear Pressure Targets Further Lower Prices AUDUSD: As highlighted in our weekly analysis of the possibility of a return below the 1.0502 level, its May 17’2011 low as long as AUDUSD trades and holds below the 1.0888 level, its May 2011 high, well that is currently underway. An eventual violation of the 1, 0502 … “AUD/USD and USD/CHF Technical Analysis”
EURUSD: Struggles To Initiate A Recovery
EURUSD: While the euro may have halted its corrective weakness and closed marginally higher the past week, it remains vulnerable to the downside nearer term. Its Friday sell off reversing most of the weekly gains is suggestive of a return below the 1.4046 level, its May 16’2011 low with a break of that level calling … “EURUSD: Struggles To Initiate A Recovery”
Gold and USD/JPY Technical Analysis
GOLD: Struggles To Put In A Bottom. GOLD: Vulnerability to the downside is not over yet as the commodity is struggling to recover higher following it’s a bounce off the 1,470.90 level on Tuesday. Guest post by www.fxtechstrategy.com However, we will like to see a break and hold above the 1.526.26 level, its May 11’2011 high … “Gold and USD/JPY Technical Analysis”
EUR/USD and EUR/GBP Technical Analysis
EURGBP: Builds On Recovery Gains. EURGBP- After reversing its intra day losses to close higher on Tuesday and following through higher today, further bull pressure is now building up on its May 09’2011 high at 0.8817. Guest post by www.fxtechstrategy.com A break and hold above there will bring the 0.8896 level, its May 05’2011 high and … “EUR/USD and EUR/GBP Technical Analysis”
The growing futility of ECB policy
The latest ZEW data showed a small but still notable widening in the economic fortunes between the eurozone as a whole and the German economy. On one level, no great surprise, but what it does mean is that by setting policy at the eurozone level, the ECB is directing its efforts to an economic concept … “The growing futility of ECB policy”
USD/JPY: Trading the Japan GDP May 2011
The first release of Japan’s GDP for the first quarter of 2011 contains the damage from the devastating March 11 catastrophe and is expected to mark the return of Japan to recession. The release will shake currencies. Here are the details, and 5 scenarios for the outcome and for USD/JPY. Released Wednesday at 23:50 GMT. Indicator … “USD/JPY: Trading the Japan GDP May 2011”