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AUD/USD looking for a test of 0.9665 support

posted by Avatar grimadventures 2 days ago in EUR, AUD

"AUD/USD is trading as though it is yet to find a base and European policymakers aren't promising an imminent circuit breaker. We look for a test of 0.9665 support on the week while noting that the pair is well overdue for at least a brief rally, ... read more
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Canadian Dollar Remains Depressed by European Crisis

posted by Avatar commodityblog 2 days ago in USD, CAD, Fundamental made popular 2 days ago

The Canadian dollar fell today, dropping for the fourth straight day against its US peer, as fears of a collapse of the eurozone made Forex traders prefer the US currency to the Canadian one. The currency was flat against the yen. read more
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Canadian Dollar Fluctuates as U.S. Jobless Claims Little Changed

posted by Avatar grimadventures 2 days ago in Economic Indicators made popular 2 days ago

The currency traded little changed at C$1.0255 per US dollar at 8:39 am in Toronto, after gaining as much as 0.2 percent and falling 0.3 percent. Yesterday it depreciated to C$1.0296, its weakest level since Jan. 9. One Canadian dollar buys 97.51 US ... read more
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USD/CAD Trading at Resistance Area Around 1.03

posted by Avatar FXTimes 2 days ago in USD, CAD, Technical made popular 2 days ago

The USD/CAD indeed pushed to the 1.03 level after breaking above the 1.0050-1.0060 resistance. The 1.0280-1.0315 area represent resistance pivots back in January 2012, with 1.0315 being the 2012 high. Although this resistance area sent the market read more
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ForexLive: European Morning Wrap: Euro Hit Hard By Crap Data

posted by Avatar ejc 2 days ago in Fundamental, Daily made popular 2 days ago

EUR/USD sits at 1.2575, effectively unchanged on the day. But inbetween the single currency came under sustained selling pressure at one stage, weighed down by a succession of very poor economic data releases (see above)...more. read more
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GBP/USD Dips Further, Next Target 1.56

posted by Avatar sparksy 2 days ago in USD, EUR, JPY, CAD, AUD made popular 2 days ago

On Wednesday Pound/Dollar continued decreasing with 100 pips. The Cable depreciated from 1.5772 to 1.5668 yesterday, in line with the negative money flow sentiment at nearly -22%, closing the day at 1.5689. Today the British Pound weakened slightly ... read more
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Have the Bears Taken the Euro Low Enough?

posted by Avatar cashbackforex 3 days ago in EUR made popular 3 days ago

The European debt mess continues to evolve, and perhaps there is a lot more to the down side, but the trade is lined up very short. A bullish surprise might jolt the market. read more
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AUD/USD Fundamental Analysis May 24, 2012 Forecast

posted by Avatar FXEmpire 3 days ago in USD, AUD, Fundamental made popular 3 days ago

Analysis and Recommendation: (close of Asian session)

The AUD/USD continues to fall, trading at 0.9771 as Asian markets close for the day.

The risk aversion mode of the markets continues to push the USD to dominate all of its trading partne read more
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EU Summit Fails to Provide Answers

posted by Avatar FXTimes 3 days ago in EUR, Fundamental, Daily made popular 3 days ago

The markets did not get any reason for hope out of the EU summit. Agreement on the significance of having more concrete decision during the official summit in June sounds like “kicking the can down the road” as Jamie Coleman from Forexlive put it read more
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Euro Hits Near 2-Yr Low, Grexit Fears Persist - Chris Capre

posted by Avatar Chris-Capre 3 days ago in USD, Technical, Daily made popular 3 days ago

Euro Hits Near 2-Yr Low, Grexit Fears Persist - Chris Capre read more
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NZD/USD edges higher on mild profit taking

posted by Avatar dennis 3 days ago in NZD made popular 3 days ago

Dealers report some modest demand for NZD/USD this morning and that is washing over into the AUD/USD and EUR/USD, which are edging higher alongside. There is some modest resistance nearby in the NZD/USD at .7525 and initial support is at the overnight ... read more
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Commodity Prices — May 23rd 2012

posted by Avatar commodityblog 3 days ago in Gold, Oil, Metals made popular 3 days ago

Commodity prices for May 23rd 2012. read more