I had been alerted that the EUR/USD is in a pattern on the edge. I think that we should be more careful in the use of margin, because in this week EUR / USD could run at about 400 pips up or down in one jolt. This could be an advantage or even collapse for traders who still have problems with…Continue
AUDUSD: The pair remains vulnerable to the downside on corrective pullback as it closed lower for the week. This development now leaves AUDUSD vulnerable to the downside towards the 1.0327 level. As long as this caps declines, its short term upside remains intact. Another support lies at the 1.0290 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, for the pair to resume it short term uptrend, it will have to return above the 1.0611 level. Further out,…Continue
Added by fxtech on August 26, 2012 at 1:02pm — No Comments
Euro/dollar made impressive gains as the prospects for a Spanish solution rose once again. Can we expect a surge now? Or will optimism prevail? A major German survey and an important Italian bond auction among other events will close the month, as eyes remain on Spain and also on Greece. Here is an outlook for the upcoming events and an updated technical analysis for…Continue
Added by Yohay Elam on August 26, 2012 at 7:11am — No Comments
What Forex Target Traders See: We are currently sitting @ 1.2512 and broken out of the day chart trend line and has hooked back to it. We are bullish above 1.2500 but will immediately reverse that if we break significantly below the 1.2500. The targets up are the resistance @ 1.2623 and then the 1.2700 area. The target down are the 0.500 Fibo @ 1.2375 (possible bounce there on the trend line. The average daily true range (ATR) for the pair currently is 98…Continue
Added by Scott Barkley on August 25, 2012 at 3:54pm — No Comments
EURUSD: With EUR following through higher on the back of its previous week gains to break and hold above the 1.2442 level, it faces the risk of further bullish offensive into the new week. In such a case, the 1.2588 level comes in as the initial resistance where a violation will call for a move higher towards the 1.2692 level. A breach will pave the way for a run at the 1.2748 level. Its weekly RSI is bullish and pointing higher suggesting further strength. The alternative scenario will be…Continue
Added by fxtech on August 25, 2012 at 10:16am — No Comments
SPLIT, will be thinkin of you over the next few weeks... You're very special to the people on forexstreet...you'll be missed
You’ll be in everyone’s thoughts and prayers…Continue
As I thought at last week, corn sell off has just started. All the waves upwards look finished. This is my forecast.
Rinse and repeat. For the fifth consecutive trading day, the euro made gains against the US dollar during the New York morning trading session. Starting from the daily S2 pivot point, the EUR/USD currency pair rose 65 pips after the US equity market open, then topped out at its daily central pivot point before settling near the 1.2530 level at the end of…Continue
Added by Curt Wehrley on August 24, 2012 at 8:44pm — No Comments
The Republican Party is considering setting up a commission to examine the pros and cons of going back to the gold standard, according to draft documents of the party platform.
For the full article click on the Gold !…Continue
Added by Ron Schelling on August 24, 2012 at 7:30pm — No Comments
EURGBP: Key Resistance Seen At The 0.7961 Level. EURGBP- The cross remains hesitant as it continues to struggle to recover higher. Unless it climbs back above the 0.7961 level, there is risk of a return to the 0.7761 level, printed on July 23’2012. A violation of here will call for more declines towards the 0.7700 level. Further down, support lies at the 0.7691 level, its Oct 2008 low. This view remains valid as ling as the cross trades and holds below the 0.7961 level. Alternatively, a…Continue
Added by fxtech on August 24, 2012 at 5:23pm — No Comments
Saxo Bank 1st Half 2012 Interim Results, Net Income Down 88%
by Ron Finberg at Forex Magnates
Saxo Bank has just released its 1st half interim results for 2012, with headline numbers of an operating income 1.416 billon DKK and net income of 43.5 million DKK. These figures compare to a 1.769 billion DKK and 345.7 million DKK in the same period last…
Added by Francesc Riverola on August 24, 2012 at 5:03pm — No Comments
Now that I have outlined the major components to Ichimoku Time Theory (ichimoku numbers), I want to talk about the 2nd pillar of Ichimok which is the Wave Theory.
Remember, the main pillars of Ichimoku are not the Tenkan, Kijun, Chikou and…Continue
I am personally taking over the managing of FXstreet's community Forexstreet.net.... this means that there are going to be some major changes around.... first one:
The pair is currently @1.0405 and testing a breakout of the uptrend. A clean break targets the 1.0340 support area and then the 0.786 Fibo @ 1.0279. A bounce targets a move to the S3 area @ 1.0469. The pair currently has an ATR of 82 Pips.…Continue
Added by nidhi mistry on August 24, 2012 at 11:52am — No Comments
Added by nidhi mistry on August 24, 2012 at 11:52am — No Comments
AUDUSD: Having reversed its three-day gains following a sell off on Thursday and a follow-through today, the risk of further declines continues to build up. The immediate support lies at the 1.0380 level with a breach aiming at the 1.0290 level followed by the 1.0200 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to return above the 1.0611 level to annul its present bearishness. This could open further upside risk towards the 1.0650…Continue
Added by fxtech on August 24, 2012 at 10:52am — No Comments
It looks like Spain is going to request a bailout from the Eurozone.
That is fair enough given that the crisis in the Spanish economy is mostly due to their membership of the single currency and the fiscal & monetary policies that implies.
Is the purchase of bonds in primary and secondary markets really te way to go?
Seem to me its the banks that need to be sorted out first then lets see where the sovereign borrowing rate ends up
Added by Sarrafx trading Limited on August 24, 2012 at 10:14am — No Comments
EUR/USD is now trading a bit lower in the high range, after consolidating big gains. Reports about negotiations between Spain and its European peers gave the euro its most recent push higher, in a very positive week. Tension is high towards a meeting between the leaders of Greece and Germany today. Recent statements from German officials have been quite tough recently. Greek PM Samaras said he…Continue
Added by Yohay Elam on August 24, 2012 at 9:19am — No Comments
Discouraging data for investors are perceived to propel the US dollar to close this week’s exchanges in gains over its Canadian counterpart. The Loonie dollar has been on six consecutive weeks of appreciation prior to this week. However, diminishing hopes of Fed stimulus are seen to direct traders to the safety of the Greenback today.
USD/CAD trades reached a 0.9945 high on Wednesday; a 0.9946 high yesterday; and also reached 0.9945 earlier today. It seems that the bulls are being…
Added by Aviv Shapiro on August 24, 2012 at 9:01am — No Comments