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EUR/USD weekly outlook: July 18 - 22

posted by Avatar aranel 314 days ago in USD, EUR made popular 314 days ago

However, in the second part of his congressional testimony on Thursday Bernanke said that that inflation was higher and closer to the central bank's informal target than was the case in August 2010, dampening speculation the Fed will take ... read more
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Fed Chair Significantly Downplays Prospects for Additional Easing

posted by Avatar aranel 317 days ago in USD, CHF made popular 316 days ago

USD/CHF: Despite the intense downtrend resulting in recently established fresh record lows below 0.8100, short/medium/longer-term technical studies are looking quite stretched to us, and we continue to like the idea of taking shots at buying in ... read more
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Previewing the US Retail Sales Report Did US Consumers Retrench in June?

posted by Avatar aranel 318 days ago in CHF, Economic Indicators made popular 318 days ago

If we do see stronger than expected retail sales it should help US equities, and should help to bolster risk sentiment for the US session. While the USD would find support and appreciate against its safe haven rivals - the JPY and CHF - a sense of risk ... read more
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EUR/CHF Technical Analysis For July 11, 2011

posted by Avatar aranel 322 days ago in CHF made popular 322 days ago

By ForexMansion.com EUR/CHF fell on Friday, breaking back through the 1.20 level. The trade set up is simple, if we break through the all-time lows we sell. If we bounce and fail at the 1.20 level we sell. If we rally higher, we sell. ... read more
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Gold steady, inflation fears support

posted by Avatar aranel 325 days ago in USD, EUR, JPY, NZD made popular 325 days ago

Investors are also watching the weekly initial jobless claims and ADP employment reports from the United States, which will shed light on the key monthly non-farm payrolls data due on Friday. Technical analysis showed a supportive picture. ... read more
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Portugal Downgraded, Euro Drops

posted by Avatar aranel 326 days ago in Commentary, Economic Indicators made popular 326 days ago

Looking ahead, Q1 GDP forecast unrevised at 0.8% q/q. Also released, May German Industrial Orders forecast at -0.5% vs. 2.8% previously. The Japanese Yen (JPY) was very contained consolidating above the Y81 level in a 20 pip range. EUR/JPY and AUD/JPY ... read more
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US ISM factory up from 53.5 to 55.3 in June

posted by Avatar aranel 328 days ago in USD, CHF made popular 328 days ago

Safe-haven Swiss franc under performed, USD/CHF slightly fi rmer around 0.8480. The yen also slipped, USD/JPY grinding higher to 80.90 after its brief ISM spike to 81.15. AUD sagged to 1.0680 ahead of the ISM, but then surged to 1.0790 a high since ... read more
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"Risk On" Ahead of Long US Weekend

posted by Avatar aranel 330 days ago in USD, CHF made popular 330 days ago

At this point, it is suspect that what we are seeing is a natural, manageable, deceleration of a very hot economy. That said, considering the headwind of European sovereign crisis and ultra strong CHF, the sharp drop in Output will need to be monitored ... read more
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AUD/USD: Technical resistance at 1.0595

posted by Avatar aranel 333 days ago in AUD

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Australian Dollar Outlook 6/23/2011

posted by Avatar aranel 339 days ago in USD, EUR, CAD, AUD

Majors: As mentioned above, the US Federal Reserve issued a fairly downbeat assessment of the US economy while also signaling that a QEIII announcement would not be forthcoming. US equity markets fell on the news, with both the Dow and the Nasdaq down ... read more
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EUR/USD retreats sharply ahead of FOMC

posted by Avatar aranel 339 days ago in EUR

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Crude oil futures gain on dollar weakness

posted by Avatar aranel 340 days ago in EUR, Commodities

The euro climbed to a four-day high against the US dollar, after Klaus Regling, head of the European Financial Stability Facility said Monday that the effective lending capacity of the bailout fund would be raised to EUR 780 billion from EUR440 billion ... read more