It’s quite a rarity to see a pair trade at levels last seen in 2000. EUR/AUD has this honor. The breach of a technical barrier reflects the fundamentals perfectly. EUR/AUD is now trading at 1.5268 bouncing off the a bottom of 1.5188 earlier. These numbers don’t mean too much as this isn’t a popular cross. … “Decade Low for EUR/AUD”
Category: Opinions
As Fear Fades, Commodity Currencies Rightfully Gain
The Greek crisis is unwinding slowly – too slow for the Euro. But far away from Europe, a sigh of relief is heard: The Australian, New Zealand and Canadian dollar are advancing nicely. Eventually there will be a solution to the long Greek crisis. It can be with German help, IMF funds or some other kind … “As Fear Fades, Commodity Currencies Rightfully Gain”
GBP/USD – Trend lines on a Collision Course
The Pound is trading in a narrow range, and it’s getting narrower. The trend lines are about to collide – meaning that an explosion is underway. There are a few upcoming events that will determine the direction of explosion. GBP/USD is bound by two trend lines that aren’t parallel. Using the hourly chart, I’ve drawn … “GBP/USD – Trend lines on a Collision Course”
EUR/CHF – Wild Fridays – Courtesy of the Bank
The Swiss central bank has increased its interventions in the markets in an attempt to weaken the Swiss Franc. The moves are seen best against the Euro. Here is how it looks on the graph + a few characteristics of these moves. Click to enlarge. Remember that interventions are short lived. Observing the graph of … “EUR/CHF – Wild Fridays – Courtesy of the Bank”
EUR/USD Falls on Stagnant Europe
EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420. European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3. According to the initial release, the German economy stalled. This … “EUR/USD Falls on Stagnant Europe”
Forex book review: Making Sense of the Dollar
Guest Post by John Forman John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. You may be familiar with Marc Chandler from appearances on CNBC and/or reading articles he’s published in a number of venues. … “Forex book review: Making Sense of the Dollar”
Aussie Fights Back
The Australian dollar reminded us of its strength, riding north on another round of good employment figures. It’s now approaching an important resistance line. An update on this strong currency. The Australian unemployment rate fell to the lowest level in 11 months: only 5.3%. This exceeded expectations for a small rise from 5.5% to 5.6%. … “Aussie Fights Back”
EUR/GBP – Reasons to Rise
EUR/GBP is enjoying new European hopes and disappointing British events. It’s now close to an important line and it erases the big move it made. Here’s a quick update. EUR/GBP now trades around 0.88, close to the 0.8840 resistance line. It already peaked twice at 0.8820. 0.8840 was broken a few weeks ago, and it … “EUR/GBP – Reasons to Rise”
GBP/JPY in a Tight Spot
GBP/JPY made a big break downwards and is now hanging around a critical point. This volatile pair doesn’t stay too long in a narrow range. An update about the dragon. GBP/JPY fell on Thursday from 144 to 139 in a matter of hours. Most currency pairs don’t see a 500 pip movement in a short … “GBP/JPY in a Tight Spot”
Thomson Reuters Widgets on Currensee
Just last week I’ve introduced the Tweet My Trades feature, and there’s already a new and interesting announcement: 3 widgets from Thomson Reuters are now available to Currensee members. The 3 new widgets can be purchased by Currensee members, and they offer information. Trading Desk contains trading ideas with stop loss and take profit points … “Thomson Reuters Widgets on Currensee”