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EUR/USD – Bearish Divergence With RSI Suggests a Downswing

posted by Avatar FXTimes 5 days ago in USD, EUR, Technical made popular 5 days ago

The EUR/USD has entered a period of consolidation. In consolidation, A simple idea is to anticipate downswings from resistance levels and overbought conditions, as well as buy from support levels with oversold conditions. As we enter the Asian se read more
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SGD best in turbulent times, INR most at risk

posted by Avatar Gimmy 5 days ago in NZD made popular 5 days ago

"NZD/USD could see a technical bounce towards 0.77 but thereafter should print new YTD lows. We are short EUR vs USD and CAD, with bold steps from European policymakers not appearing imminent. Target 1.2625 in EUR/USD and 1.2460 in EUR/CAD. read more
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USD/CAD-Middle of the road

posted by Avatar Lacy 5 days ago in CAD made popular 5 days ago

Trade and learn with Richard Olsen, David Pegler, Walter Peters, Ed Ponsi, Steve Ward and Ron William. Monitor the markets with our customizable FX studies. Note: All information on this page is subject to change. The use of this website constitutes ... read more
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Japan gov''t may control up to 76 pct of Fukushima plant operator

posted by Avatar grimadventures 5 days ago in JPY made popular 5 days ago

TOKYO, May 21 (KUNA) -- The Japanese government will control up to 75.84 percent of Tokyo Electric Power Company (TEPCO), the operator of the crippled Fukushima Daiichi nuclear power plant, after providing a capital injection of JPY 1 trillion (USD ... read more
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USD/CAD touches 4-month high

posted by Avatar inflationcoming 5 days ago in EUR, CAD made popular 5 days ago

As investors remain cautious over the European crisis and the global economy, the Greenback continues to gain ground versus higher-yielding currencies. Extending its rally into a sixth trading day, the Dollar broke marginally ... read more
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EUR/GBP Trading in a Rising Corrective Channel

posted by Avatar FXTimes 5 days ago in EUR, GBP, Technical made popular 5 days ago

The EUR/GBP continues a corrective rally after finding support above 0.7950. The 1H chart shows the market establishing bullish momentum and trading in a rising channel. Entering the 5/21-5/25 trading week, the EUR/GBP rally has stalled below 0.8 read more
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UK April Gross Mortgage Lending Falls: CML

posted by Avatar ceronueve 5 days ago in USD, GBP made popular 5 days ago

On a yearly basis, gross lending rose 2 percent from GBP 10 billion in April 2011. CML chief economist Bob Pannell said, "The underlying picture is likely to be one of easing momentum in the housing market, but with potential for a sharper downwards ... read more
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USD/JPY: Trading US Existing Home Sales

posted by Avatar forexcrunch 5 days ago in USD, JPY made popular 5 days ago

The US Existing Home Sales indicator is released monthly, and provides analysts with a snapshot of the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar.

Here are all the details, read more
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Indonesia - Market Factors to watch - May 21

posted by Avatar Dan 6 days ago in all made popular 6 days ago

----------------------MARKET SNAPSHOT @ 0017 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1295.22 -0.74% -9.640 USD/JPY 79.13 -0.04% -0.030 10-YR US TSY YLD 1.7363 -- 0.014 SPOT GOLD 1596.63 0.29% 4.630 US CRUDE 91.53 0.05% 0.050 DOW JONES ... read more
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EUR/USD Climbs Back Above 1.28 After Reaching All-Time EUR-S

posted by Avatar FXTimes 6 days ago in USD, EUR, Technical made popular 6 days ago

The EUR/USD found some support from the 1.2625-1.2660 area. The 1H chart shows a market rallying above a declining channel that represented a slowdown of the fall as it was formed with an extended bullish divergence. We broke above this on Friday read more
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Daily Forex Fundamentals - May 21, 2012

posted by Avatar krissylinne 6 days ago in USD, Fundamental, Daily made popular 6 days ago

Up and at 'em, pipsters! Complete your weekly pre-trading routine by reading what market themes dominated trading last Friday! read more
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Uncertainty continues, driving the USD higher - NBK report

posted by Avatar olivia 6 days ago in USD

On the other hand, according to the last minutes of the FOMC meeting, the Federal Reserve officials were not confident to upgrade their assessment of the economy as several members said more easing could be needed if momentum slows. read more