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BullishTitle:
Gold rises nearly 2 percent on Greece bailout optimism
(Reuters) - Gold prices rose 1.5 percent on Tuesday for their biggest daily gain in two weeks, as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro.
Bullion, which had dropped in early trade on nervousness about Greece, rebounded to snap two days of losses as Greece's government was preparing a list of reforms needed to clinch a new financing package.
Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default ...
Title:
Dukascopy Afternoon Forex Overview : 07/02/2012
Fundamental Analysis
EUR
17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116.
USD
US President Obama ordered to freeze all ...
Title:
Greek government is finalizing agreement; Euro rises, Franc retreats on SNB
According to a Greek government official; the Greek government is preparing a text for an agreement that would be handled to political parties to discuss and agree upon today, this text is the result of the long-lasted talks with private lenders. After the long wait, markets are getting fresh news from Greece, the news was euro positive as the EUR/USD pair is trading higher currently around 1.3175 after its has been under pressure this morning printing a low at 1.3095 after opening the day at ...
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look ...
Title:
SunBirdFX Daily Market Analysis : 02/07/2012
www.sunbirdfx.com
The US stock markets opened the trading week in the red territory as the indices shed 0.10%. The hesitated opening for the trading week might indicate that the investors are getting prepared to the expected correction, though the stock might make another bullish session before the correction.
GOLD
The precious metal made an impressive rally since the beginning of the year and it looks like it became attractive again among the investors after rough fourth quarter in 2011. The ...
Title:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Lack of Greek Deal Sends EUR Tumbling
The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt. Losses were seen against most of its main currency rivals, including the US dollar, Japanese yen and British pound. Today, in addition to any euro-zone developments that may occur, traders will want to pay attention to a speech from the US Fed Chairman at 15:00 GMT. Any positive statements could help the USD extend its recent bullish trend.
Economic News
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Title:
Technical analysis of the XAU/USD (Gold) pair on February 7th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday the breakout of 1720 points.
The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis).
Indicators stay globaly bullish.
We continue to advise long positions as far as 1720 points is support.
A return above 1730 points will comfort our bullish feeling.
The breakout of 1750 and 1800 points will both give a new buy signal.
In case of return below 1720 points, we will wait ...
Title:
Technical analysis of the AUD/USD parity on February 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has found support yesterday on 1.07 and is currently testing again the resistance at 1.08.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.0650 is support.
The breakout of 1.08 and 1.09 will both give a new buy signal.
In case of return below 1.0650, we will wait a breakout of 1.06 to advise short positions.
See the ...
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