What will happen with the dollar after QE2 ends? Will interest rates continue to be of very high importance to the Euro? Where is the Aussie headed? Answers to these questions and more in an interview with David Song of DailyFX. David Song studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank … “Fed Catches Up with ECB – More Dollar Gains Expected”
Category: Opinions
USD/CAD and GBP/USD Technical Analysis
USDCAD: Holding Cautiously Above The 0.9709/20 Zone. Having rallied and closed above the 0.9709/20 levels, its April 18/May 05’2011 high on Monday, we believe further gains should follow though price hesitation is now seen. Guest post by www.fxtechstrategy.com This development supports its corrective strength started from the 0.9446 level, its 2011 low. Further out, 0.9824 … “USD/CAD and GBP/USD Technical Analysis”
NZD/USD: Trading the New Zealand PPI
New Zealand release inflation data only once per quarter, making the publication a big event that impacts rate decisions. The upcoming release holds low expectations, that might turn into a very strong moves. Here are the details about this event, and 5 possible scenarios for NZD/USD reactions. Published Tuesday, 22:45 GMT. Indicator background Inflation numbers … “NZD/USD: Trading the New Zealand PPI”
Pound and Gold Technical Analysis
GBPUSD: Biased To The Downside Nearer Term The pair may be struggling to trigger a recovery but as long as the 1.6268 level, its May 09’2011 low and the 1.6378 level, its May 12’2011 high cap gains, GBP is likely to turn back lower towards the 1.6164 level,its April 18’2011 low. Further down, support lies … “Pound and Gold Technical Analysis”
EUR/USD Remians Under Bear Pressure
Euro/Dollar – Risk of further weakness continues to build up following a second week of losses the past week. Its continued weakness is coming on the heels of a loss of upside momentum at the 1.4938 level in early May’2011. Guest post by www.fxtechstrategy.com On further weakness, EUR will target the 1.4061 level, its April 01’2011 … “EUR/USD Remians Under Bear Pressure”
GBPJPY: Vulnerable To The Downside Into The New Week.
GBP/JPY– The cross continues to face downside weakness following through on the back of previous week losses and increasing the risk of further declines. This development now leaves GBPJPY targeting the 130.19 level, its Mar 23’2011 low where break will open the door for further weakness towards the 129.15 level, its .618 Fib Ret (122.40-139.99 … “GBPJPY: Vulnerable To The Downside Into The New Week.”
GBPUSD: Further Weakness Envisaged
GBPUSD: With continued downside weakness seen, the possibility of further weakness is expected. The risk is for GBP to weaken further towards the 1.6164 level, its April 18’2011 low and then its psycho level at 1.6000. A halt is expected at that level to turn the pair back up. Its daily RSI is bearish and pointing … “GBPUSD: Further Weakness Envisaged”
USDCAD: Faces Further Declines
USD/CAD Having reversed its intra day losses and close higher above its April 27’2011 high at 0.9572 on Wednesday, further gains currently seen could push the pair towards the 0.9709/20 levels, its April 18/May 05’2011 high. Guest post by www.fxtechstrategy.com A convincing break above there will call for a run at 0.9824 level, its Mar 24’2011 … “USDCAD: Faces Further Declines”
EUR/USD – Trading the German GDP
Can Germany continue carrying the Euro-zone forward? There have been some worrying signs coming out of the economic giant, making the release very important. Here are the details and 5 possible scenarios. Background All the Euro-zone countries are publishing GDP figures on Friday. The general picture is of shallow growth, with most countries hardly moving, … “EUR/USD – Trading the German GDP”
Gbp/Usd: Downtrend In Progress
Pound has formed an impulsive fall from 1.6517 region in past few sessions, where a previous three-wave bounce from 1.6270 has likely completed. We know that only corrective waves are structured by three legs, and since prices already moved below previous wave (b) support we are quite confident that this pair is headed much lower. … “Gbp/Usd: Downtrend In Progress”