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Break Out Of The BearishTitle:
Forex - Troika Deadline Looms
Forex News and Events:
The global risky rally sustained its earlier gains in Asian session and continued to push higher. Rejuvenated confidence on a the ability of Greece to secure the Troika second bailout package buoyed risk sentiment yesterday, pushing equities higher and pushed Treasury prices and USD lower. EURUSD climbed to 1.3287 from 1.3100 yesterday while AUDUSD jumped to 1.0844. Asian equities kept the optimism going led by a rally in Shanghai up 2.43% and Hang Seng up 1.47%. Weak ...
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EUR trading firm as markets are more optimistic about Greece
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going ...
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SunBirdFX Daily Market Analysis : 02/08/2012
www.sunbirdfx.com
The US stock markets did not stop rising even yesterday. Many analysts estimated that after the hesitated opening of the trading week, the stocks would finally make the expected correction and on the beginning of the day it looked like these predictions would turned to be a fact, but after 45 minutes of declines, the stocks resumed rising. NASDAQ is already 5% above 2011's high, Dow made the break-up just yesterday and the S&P is still bellow 2011 picks but it is getting ...
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Technical analysis of the EUR/CHF pair on February 8th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF is currently testing a return above 1.21.
The pair is still moving into its long term bearish channel (black lines).
Indicators are globaly bullish.
We stay neutral on the pair between 1.21 and 1.2150.
We advise to wait an exit of this range to take positions:
- Long if 1.2150 is broken. The breakout of 1.22 will give a new buy signal.
- Short if 1.21 is broken. The breakout of 1.20 will give a new sell signal.
See the previous analysis of ...
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Technical analysis of the EUR/GBP pair on February 8th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made yesterday a pullback on 0.8350 as resistance.
The pair is currently moving below the upper band of its long term bearish channel (purple lines).
Indicators are mitigated.
We maintain to trade the pair according to 0.8350:
- Long above this level. The breakout of 0.84 will give a new buy signal
- SHort below this level. The breakout of 0.8250 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of February 7th, ...
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Technical analysis of the USD/CAD pair on February 8th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is currently testing the support at 0.9950 and is also testing the upper band of its bearish channel (purple lines).
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise short positions as far as 1.0039 is resistance.
The breakout of 0.9950 and 0.99 will both give a new sell signal.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The ...
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Technical analysis of the USD/CHF pair on February 8th, 2012
Commentary of the USD/CHF pair :
After a pullback on 0.9250, the bearish movement took up and the pair USD/CHF is currently tessting the support at 0.9124.
All indicators are bearish.
We continue to advise short positions as far as 0.9250 is resistance.
The breakout of 0.9124 and 0.9050 will both give a new sell signal.
In case of return above 0.9250, a buy signal will be given.
The breakout of 0.9316 will givea new buy signal.
See the previous analysis of the USD/CHF pair of February 7th, ...
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Euro supported by Greek hopes, Aussie buoyed by RBA
(Reuters) - The euro held its ground against the dollar on Tuesday as most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day.
Greek optimism also helped equities and other risk sensitive currencies including the Australian dollar. The Aussie also got a boost when the Reserve Bank of Australia surprisingly kept interest rates steady at 4.25 percent.
Failure to secure the 130 billion euro ($ ...
Title:
Technical analysis of the EUR/CHF pair on February 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF found resistance yesterday on 1.2080 and is now back on the support at 1.2060.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/ ...
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