Feedback Form

Avatar princess

3 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

AUD, NZD virtually unmoved following Chinese trade balance data

posted by Avatar princess 291 days ago in NZD

Records for trade balance, imports and exports all beat their respective expectations and previous data. AUD/USD current price: 1.0345; NZD/USD current price: 0.8335 Make significant savings on your international money transfers using FXstreet.com's ... read more
3 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

British Pound Sterling: Currency in renewed show of strength

posted by Avatar princess 291 days ago in GBP

With regards to the pound dollar rate, risk averse flows are strengthening the dollar at present but gains look to be capped given concerns surrounding the US economy. Standard & Poor's unprecedented downgrade of US debt triggered a further sharp ... read more
2 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Under Stress, Hedge Funds Like Gold, High-Yield Bonds

posted by Avatar princess 295 days ago in CHF, Commodities

This core portfolio is currently amped up by short-term macro overlays like futures, options and index strategies, such as a short S&P 500, long silver and gold and long Swiss Franc/USD and Swiss Franc/Euro which were money losers over the last 48 ... read more
32 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

EUR/USD short-lived spike after NFP

posted by Avatar princess 295 days ago in EUR made popular 295 days ago

EUR/USD jumped around 60 pips toward a fresh daily high of 1.4216 immediately after the US Department of Labor reported stronger than expected employment numbers. Even though the initial reaction of the market was optimistic, ... read more
40 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Why We Like the EUR and See Further USD Weakness

posted by Avatar princess 295 days ago in EUR made popular 295 days ago

Sales in emerging markets seem higher because the currency they are earned in is rallying against the USD. We have said for some time that the end of QE2 would do to the US economy what a lawnmower does to green shoots. Yesterday was a prime example of ... read more
32 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY

posted by Avatar princess 298 days ago in EUR, CHF made popular 297 days ago

The pair does have the Dollar in it and because of that it hasn't fallen as far as the Euro has against most other currencies. We like selling rallies at this point, and until the daily candle can close above 1.45 or so. The GBP/USD fell, ... read more
31 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

How to Play Another Yen Intervention

posted by Avatar princess 298 days ago in USD, EUR, JPY made popular 298 days ago

Finally, I am prepared to buy a large amount of AUD/JPY partially using (presumed) profits from the GBP/JPY position. The Australian dollar remains my favorite currency. As for timing, I am assuming Japanese authorities will wait until the debt ceiling ... read more
40 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/CAD up in US trade

posted by Avatar princess 298 days ago in CAD made popular 298 days ago

USD/CAD was trading at 0.9589, up 0.19% at time of writing. The pair was likely to find support at 0.9459, Thursday's low, and resistance at 0.9619, today's high. Earlier in the day, official data showed that US personal spending fell unexpectedly to a ... read more
2 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Swiss retail sales surge in June

posted by Avatar princess 299 days ago in CHF

Month-over-month, Swiss retail sales jumped by 7.1% in June, after falling by a revised 3.5% in May. Following the release of the data, the Swiss franc was up against the US dollar, with USD/CHF slumping 0.74% to trade at 0.7778, hovering close to the ... read more
38 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Gold, Silver and Oil Trading Outlook

posted by Avatar princess 300 days ago in Commodities made popular 300 days ago

That said I expect players, official, institutional and retail, to reinforce their efforts to diversify their asset away from USD, thus providing a good opportunity for investment in Gold. The deteriorating economic condition in the US will cause the ... read more
3 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

AUD/USD: Trading The Reserve Bank Of Australia Interest Rate Decision

posted by Avatar princess 302 days ago in USD, AUD, Economic Indicators

Therefore, if the central bank holds and improved outlook for the region and sees a heightening risk for inflation, we will need to see a green, five-minute candle following the announcement to generate a buy entry on two-lots of AUD/USD. ... read more
34 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Hedging Exposure to the Dollar, Treasuries, Precious Metals

posted by Avatar princess 303 days ago in Commodities made popular 303 days ago

With gold hitting new highs this week, here is an updated look at the hedging costs of gold and other precious metals ETFs. In previous posts, we noted that some precious metals ETFs and ETNs -- among them, ETFS Physical PM Basket Shares (GLTR), ... read more