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Aud/usdTitle:
Aussies Goes Down as Europe Hurts Risk Appetite
The Australian dollar weakened today as concerns about the European debt crisis curbed attractiveness of riskier assets and drove investors to seek safety.
Higher-yielding currencies suffered today as traders wait for the summit of the European Union leaders on July 21, but don’t put much hope on it. The MSCI Asia Pacific Index of shares fell 0.5 percent, dropping for the third day.
The economic situation in Australia itself isn’t great either, causing economists to speculate about decrease of interest rates by the nation’s central bank. Credit Suisse Group AG indexes showed today that investors bet Reserve Bank of Australia would decrease its key interest rate by 53 basis points over next year, while a cut by 14 basis points was expected a week ago. The minutes of the bank’s meeting ...
Title:
Forexpros.com Daily Analysis - 18/07/2011
ForexPros Daily Analysis July 18, 2011
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Start: Mon, Jul 18, 2011, 13:00 GMT
End: Tue, Jul 19, 2011, 14:00 GMT
Travis McKenzie will demonstrate the trading strategies and techniques he uses on a daily basis to fit trading into a busy lifestyle. He will discuss in detail his Precision Lifestyle Strategy which is a simply but extremely powerful combination of technical analysis tools which can be applied to any market and any timeframe. He will also dispel the myth that you can't earn a full time income from part time trading.
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Commodity Currencies Will Be Bought Once S&P Consolidation Completes
The markets are consolidation as Japan was closed for holidays. ...
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YouTradeFX Daily Market Analysis : 18/07/2011
www.youtradefx.com
OIL (WTI)
Trading opened this week with falling prices due to the fears of a European debt crisis. However, despite this, the forecast is that the present drops won't worsen and will be replaced by price increases during the coming week. The technical picture for oil shows perfectly the correction of the past few days after the price movement created a technical triangle with the potential for a breakthrough upwards. A closure above the upper line of the pattern at around 97.70 dollars will be the signal for an upwards breakthrough and for an entry into a buy position relative to the positive momentum that is expected to develop in the future.
The first price target can be found close to the resistance level of 102.30 dollars and we can look for partial realizations at ...
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Technical analysis of the AUD/USD parity on July 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continued its bearish movement and is currently testing the find support on 1.06.
All indicators are now bearish.
We stay neutral on the pair between 1.06 and 1.07.
We advise to wait an exit of this range to take position:
- Long if 1.07 is broken
- Short if 1.06 is broken.
See the previous analysis of the AUD/USD parity of July 15th, 2011
Title:
Forex Technical Analysis : 07/18/2011
- Forex Technical Analysis : 07/18/2011 -
(Timeframes: 30 minutes)
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Title:
AUD Fall with Stocks & Commodities on Concerns for Global Growth
The Australian dollar fell today, heading for the second weekly loss against the US dollar and the Japanese yen, as stocks and commodities declined on concerns that problems in the US and Europe will have negative impact on the global growth.
The MSCI Asia Pacific index of regional shares was little changed today, while it dropped 2 percent over this week, following three weeks of gains. The Thomson Reuters/Jefferies CRB Index of commodities slipped 1.3 percent. Investors are betting that the Reserve Bank of Australia will cut its key interest rate by 34 basis points over a year, according to Credit Suisse Group AG.
AUD/USD fell from 1.0723 to 1.0653 and AUD/JPY dropped dropped from 84.84 to 84.30 as of 10:17 GMT today.
Title:
Forex Technical Analysis : 07/15/2011
- Forex Technical Analysis : 07/15/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
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EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
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XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the AUD/USD parity on July 15th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is strong falling below 1.07.
Indicators are now mitigated.
We stay neutral on the pair between 1.06 and 1.07.
We advise to wait an exit of this range to take position:
- Long if 1.07 is broken
- Short if 1.06 is broken.
See the previous analysis of the AUD/USD parity of July 14th, 2011
Title:
Forexpros.com Daily Analysis - 14/07/2011
ForexPros Daily Analysis July 14, 2011
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Expert: Ilian Yotov
Start: Sun, Jul 17, 2011, 10:00 EDT
End: Sun, Jul 17, 2011, 11:00 EDT
- Review of the trends for the currency majors in Q3 2011
- Should we expect a reversal of the USD fortunes in Q3 2011?
- Will the carry trade remain strong in Q3?
- Is the worst behind for the EUR?
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The USD/CAD is approaching the weekly support
USD/CAD
The Canadian keeps its volatile move of the last few weeks, though it seems that it was calmed a little bit this week. The 50 EMA crossed below the 20 EMA, which is a positive sign for the CAD. There is a support around 0.955-0.956 and the long shadow that extends from Monday’s candlestick, increases the ...
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