The answer to the question above depends on the outcome of the event: In case of a dollar-bullish outcome, vulnerable currencies should be traded against – this will result in stronger moves. In case of a dollar bearish result, the stronger currencies would be a better bet. And what about an outcome that is in … “With Which Currency Should You Trade the Fed?”
Category: Opinions
EUR/USD: Trading the US GDP Publication
The first release of the GDP for the first quarter holds very low expectations. Is the US economy slowing down? On this background, there’s room for a surprise and a lot of price action in currencies. Here are the details and 5 scenarios for the action in EUR/USD. On Thursday, April 28th, at 12:30 GMT, … “EUR/USD: Trading the US GDP Publication”
EUR/USD Bullish, Targets Further Strength
With a build up on the gains of EUR/USD in the past week gains now underway, we look for EUR to convincingly break and hold above the 1.4648 level. Guest post by www.fxtechstrategy.com This will pave the way for further strength towards the 1.4681 level, its Dec 12’2010 followed by the 1.4800 level, its psycho … “EUR/USD Bullish, Targets Further Strength”
GBP/USD: Trading the GDP Release
The first release of British GDP comes after a quarter of contraction and draws a lot of attention. Did Britain slip into recession? This release will rock the pound. Here’s an outlook for this event and 5 possible outcomes for GBP/USD. The first, preliminary release of Britain’s Gross Domestic Product will happen on Wednesday, April … “GBP/USD: Trading the GDP Release”
US Default and Currencies
There are growing talks about a possible default of the US on its payments. While the chance of this happening remains very low, such an event will have a huge effect on the markets. How will currencies react? Here’s some background and possible movements for selected currencies. The Unites States is getting close to its … “US Default and Currencies”
USD/CHF Broadly Biased To The Downside Long Term
Although Dollar/Swiss sustained a marginal loss on Friday possibly trying to initiate a recovery higher, its overall long term downtrend continues to dominate. Guest post by www.fxtechstrategy.com It opened the week lower as at the time of this analysis today and now looks to return below the 0.8779 level, its 2011 low with a firm break … “USD/CHF Broadly Biased To The Downside Long Term”
AUD/USD: Trading the CPI Release
The quarterly release of Australia’s CPI will be a major market mover for AUD/USD on any result. Here are the details about this highly anticipated release and 5 possible scenarios for the outcome and the expected reaction in AUD/USD. Indicator Background Australian Consumer Price Index will be released on Wednesday, April 27th, at 1:30 GMT. … “AUD/USD: Trading the CPI Release”
AUD/USD Builds Up Further Strength
A strong rally saw AUDUSD pushing through the 1.0600 and 1.0700 levels the past week. This has opened the door for more strength towards the 1.0800 level where a break will allow for further gains towards the 1.0900 level and then 1.100 level. Guest post by www.fxtechstrategy.com Its weekly momentum studies are bullish and pointing higher … “AUD/USD Builds Up Further Strength”
GBP/JPY Downside Pressure Persists
Although closing marginally lower for the past week, GBP/JPY remains vulnerable to the downside on corrective pullbacks. Its current vulnerability is coming on the back of a loss of price momentum at the 139.99 level in early April’2011. Guest post by www.fxtechstrategy.com On continued bear threats, the cross will aim at the 130.19 level, its … “GBP/JPY Downside Pressure Persists”
Bernanke to Weigh on Dollar? FOMC Preview
The upcoming FOMC meeting holds high expectations towards the end of the QE2 program. Bernanke, who will meet the press, is likely to supply more reasons to sell the dollar. FOMC Preview with 3 scenarios for the first ever press conference that will accompany it. This meeting of the FOMC on April 27th, will be … “Bernanke to Weigh on Dollar? FOMC Preview”