Added by rhynofx on January 29, 2012 at 9:30am — No Comments
Euro/dollar had a fantastic week, rising on fresh hope for Greece and from a weaker dollar, courtesy of Ben Bernanke. The upcoming week starts with an important summit and is packed with economic indicators. Here is an outlook for the week’s events, and an updated technical analysis for EUR/USD.
Bernanke’s pledge to …Continue
Added by Yohay Elam on January 29, 2012 at 8:39am — No Comments
Last week there was plenty of encouraging news flashed out of Europe and USA that gave some hope of recovery, setting positive tone in the global financial market. The level of market confidence was to such an extent that Fitch downgrading of Italy, Spain, Belgium, Cyprus and Slovenia could not damage markets bullish sentiment that ended in a positive note.
The cause of delay in Greece swap deal was due to disagreement on average 4 pct coupon…Continue
DJI and SP500 are now entering resistance zone which consists of 52-week High, Round Numbers (13000 and 1400 for DJI and SP300 respectively) and previous resistance levels. Both are in uptrend channel and both uptrend structure are healthy as well.
In my opinion, both will encounter turbulence to advance further, but look at the bright side, both will form another support level/zone which is necessary to continue bullish. Looking at the chart, DJI and SP500 may form support in this…Continue
Added by L. C. Chong on January 29, 2012 at 2:34am — No Comments
USDX already penetrated 79-79.71 support zone. The reversal looks like a V-shape reversal. To have a sustainable downtrend, in theory, USDX needs to form a resistance level or consolidate for a while.
The next support zone will be 77.92-78.11.
Added by L. C. Chong on January 29, 2012 at 2:20am — No Comments
ForexLive US wrap: Euro squeeze takes on new dimension
Added by JT on January 28, 2012 at 10:36pm — No Comments
Gold and silver continued their rally during last week as the bullish sentiment vis-à-vis the bullion market progress. The recent announcement of the FOMC to keep interest rates low until late 2014) may have been among the key factors in pushing up precious metals on Wednesday. The negative reports that came out last week in regards to the U.S. housing market (new home…Continue
Added by Lior Cohen on January 28, 2012 at 7:57pm — No Comments
It seems that the panic caused in Europe due to financial market unrest in Greece may temporarily subside as the Greece government representative and private creditors are close to reaching an agreement to cut debt. It is now considered a done deal unless the final outcome of the ongoing negotiation ends in collapse or until something new pops up in Europe.
The ongoing developments gave glimmer of hope that boosted overall market…Continue
Added by asad rizvi on January 28, 2012 at 5:30pm — No Comments
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3218 after breaking the resistance @ 1.3185 – this is bullish for the cross. We are very close to the R 5 starting at the pullback @ 1.2855 and this would be the 5th wave. There is still room to the upside to the -0.270 fib extension @ 1.3323 and then a big move should the dollar still stay in the cellar to the 1.3443 -0.618 Fib extension. Afailure to break the R5 is Bearish for the…Continue
Added by Scott Barkley on January 28, 2012 at 4:09pm — No Comments
Next Monday early European opening range breakouts based on the previous week data.
Click on the table for more.
Added by Ron Schelling on January 28, 2012 at 4:00pm — No Comments
A clean graph from (c) Reuters showing (c) IMF projections for 2012 and 2013.
Some of the more notable observations from the list:
Added by Ron Schelling on January 28, 2012 at 10:00am — No Comments
Ashraf's New Role at City Index/FX Solutions
January 24, 2012 20:19 ET : Ashraf Laidi joins City Index as Chief Global Strategist, where he will be focusing on foreign exchange and global macro issues pertaining to central bank policies, sovereign debt and intermarket dynamics. Ashraf's Premium Intermarket Insight shall continue its offering to to existing and new clients.
FROM THE CITY INDEX PRESS RELEASE
"As part of his role at City Index Group, Ashraf…
Added by Francesc Riverola on January 27, 2012 at 4:16pm — No Comments
Currently @ 1.0009 to complete the move to the bottom. Friday is typically a square up day so looking for the cross to bounce back to the .500 Fibo @ 1.0065. We are currently below the S6 former support and a failure to break that signals a continuation to the support @ 0.9957. …Continue
Added by Scott Barkley on January 27, 2012 at 2:13pm — No Comments
EURUSD Daily Outlook 27 JAN 2012
Correlation Between U.s. Presidency And The Euro - Dollar Exchange Rate
A little less than 4 years ago we began studying the correlation between changes in the Euro - Dollar exchange rate and the U.S. president's party (Democrat or Republican).
Election years mark an extreme point and…
Added by Francesc Riverola on January 27, 2012 at 10:28am — No Comments
Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment about the US economy’s performance in Q4 and we’ll see how good…Continue
Added by Yohay Elam on January 27, 2012 at 10:28am — No Comments
Two experienced traders Yuri Rabassa and Alicia Ortí that I've had the pleasure to meet and chat with in the last two editions of our ITC (International Traders Conference) here in Barcelona, are now the leaders of a new and very interesting project: ForexDuet, a new monthly Forex…Continue
Gold and silver sharply increased for the second straight day after the FOMC announced on Wednesday it will keep the interest rates low until late 2014. Today, the U.S. GDP growth rate for the fourth quarter will be published, along with the Euro Area monetary development, and the KOF Economic Barometer. …Continue
Added by Lior Cohen on January 27, 2012 at 9:59am — No Comments
Barcelona, January 27th – Michael Greenberg, Founder of Forex Magnates, has been named “Forex Person of the Year” by FXstreet.com, the independent Forex…Continue