Australia’s central bank faces a tough dilemma as it needs to tackle rising inflation on the background of a soaring currency. Here’s a preview for the Australian rate decision. The Reserve Bank of Australia will release the new interest rate on Tuesday, May 3rd, at 4:30 GMT. There is a wide market consensus that Glenn … “Don’t Rule Out an Australian Rate Hike”
Category: Opinions
EUR/USD In Correction, Gains Ahead
The Top story today is definitely death of Osama bin Laden, which caused some mixed moves across the markets. We saw lower reaction on commodities but some strength on stocks and dollar. Guest post by Gregor Horvat Generally speaking, the FX quotes are very calm as London markets are closed today, but we really need … “EUR/USD In Correction, Gains Ahead”
EUR/USD Bullish, Targeting The 1.5140 Level.
Euro/Dollar has decisively broken and held above the 1.4576 and 1.4681 levels to close strongly higher the past week. With this occurring, risk of further strength is now seen towards the 1.4902 level where a violation will put the pair in a position to strengthen further towards the1.5140 level, its 2009 high. Guest post by … “EUR/USD Bullish, Targeting The 1.5140 Level.”
USD/CHF Continues to Lean Lower in the Long Run
Dollar/Swiss continues to weaken, closing lower for a fourth week in a row after ending its two-week correction at 0.9340 in late Mar’2011. Guest post by www.fxtechstrategy.com This development now leaves USDCHF targeting further declines towards its psycho level at the 0.8600 level where a breach will set the stage for more weakness towards other … “USD/CHF Continues to Lean Lower in the Long Run”
GOLD On The Offensive With Eyes On The 1,550.00 Level
The precious metal remains on the offensive pressing higher and increasing risk of a run at the 1,550.00 level, its psycho level.Its present offensive is coming on the back of its recent consolidation at the 1,480.85 level. Guest post by www.fxtechstrategy.com Price extension is expected towards the 1,600 level, its psycho levels if the 1,550.00 … “GOLD On The Offensive With Eyes On The 1,550.00 Level”
USD/CAD: Trading the Canadian GDP Apr 2011
Canada’s is unique by providing GDP on a monthly basis, providing action for USD/CAD each time. This release is expected to cut the winning streak. Here’s an outlook for this event 5 possible outcomes for USD/CAD. Indicator Background While the releases are scheduled two months after the reported month ended, they still provide a good … “USD/CAD: Trading the Canadian GDP Apr 2011”
AUD/USD Challenges Higher Prices
We maintain our bullish call on AUDUSD as it continues to press higher on the back of its long term resumption. The pair should strengthen further with the possibility of convincingly breaking and holding above the 1.0900 level, its psycho level. Guest post by www.fxtechstrategy.com This will drive the pair further towards another big psycho … “AUD/USD Challenges Higher Prices”
German reluctance towards Draghi dissipates
Germany’s apparent reluctance to endorse Italian Central Bank head Mario Draghi as the replacement for current ECB President Jean-Claude Trichet when his term ends in six months’ time has dissipated significantly over recent weeks. Indeed, the apparent endorsement from French President Sarkozy on Tuesday seemed to infer that Germany had accepted Draghi as the obvious … “German reluctance towards Draghi dissipates”
Greece Leaves the Euro-Zone? This Could Solve So Many
It seems that European politicians will do everything to avoid this scenario – a break of European unity. But interesting times call for creative solutions, especially as there could be so many benefits for one of the strongest symbols of unity – the Euro. Greece is on the brink of default. Yields on two year … “Greece Leaves the Euro-Zone? This Could Solve So Many”
No Need to Worry About the US Debt Ceiling
Which countries are the key to the European debt crisis? How far off is a rate hike in the UK? Which yen pairs are interesting to trade? Answers to all these questions and more are provided by quantitative analyst David Rodriguez. David Rodriguez is a quantitative analyst for DailyFX.com, specializing in statistical studies in currency trading markets … “No Need to Worry About the US Debt Ceiling”