Cfd Traders May Want

www.sunbirdfx.com The FOMC left the interest rate under 0.25% as the market expected, but Bernanke's gray forecast pulled the indices down. In spite a positive opening, the indices shed 0.5%-0.9% at the end of the day. On the technical aspect, we keep reminding that there are two wide-opened gaps from below, that pulls the stock market down. In fact, the major indices penetrated to the gap's zone and the target is the gap's closing level. In the S&P 500, the closing level is around 1200 points, which is 2% below yesterday close. GBP/USD The disagreements between the British PM and the EU leaders are disturbing the investors around the world. Britain does not want to sign up on agreement that will allow others to interfere in its domestic business. On the other hand, the Eurozone ...

www.sunbirdfx.com The financial market seemed to accept the fact that the financial system has changed dramatically. If anybody thought that the bullish session from last month was the end of hysteria, now we all know that it was just a sharp "short-squeeze". The US indices turned back falling this month, as NASDAQ shed 9%, Dow Jones lost 6% and this month is not over yet. Of course, the markets can suddenly rise again but this option is getting more and more unlikely after the massive downgrades of Hungary, Belgium and the rumors of a new rescue plan for Spain. Can the markets get out of this catastrophe? On the economics aspect, it is now clear to all that it will take years until the financial situation will be the same. However, the financial markets tend to have their own ...

www.sunbirdfx.com Wall Street closed yesterday on mixed territories, as it tends to do during the results season. JP Morgan released disappointing reports and pulled the financial sector down. Google slightly rose and helped NASDAQ closing on the green territory, just below the resistance at 2340 points. EUR/USD The Euro broke the strong resistance it had at 1.37 and it is now dealing with the sellers at 1.38. The inverted "Head & Shoulders" pattern appears on the 4h chart under 1.385. The European currency got over the obstacle of the 200 SMA and if it breaks through 1.385, it might jump to 1.40. However, this pair might be volatile these days if Wall Street will get jumpy because of the results season. The 20 SMA is supporting the Euro along the uptrend and if the Euro breaks it down ...

www.sunbirdfx.com Markets are waiting for the opening bell in Wall Street, after the Labor Day vacation. Indices are expected to open in the deep red zone, after sharp declines in both European and Asian stock markets. Frankfurt's stock exchange (DAX) fell over 5.28% yesterday, and no doubt, that something bad is going on in the stock markets around the world. However, remember that we are just on the beginning of September and the monthly candlestick might end up green. AUD/USD The Australian currency will be influenced by the cash rate this morning. It made a great movement since we brought up the trade idea of buying the Aussie at 1.04. It almost hit the target at 1.08, but the new momentum of the USD, which was caused by Wall Street, made this pair to correct downwards. The Aussie ...

www.sunbirdfx.com US stock markets are back to the track of risings after breaking some important resisting levels. The NASDAQ is touching the annual highs, and the S&P 500 is following it. The current resistance is at 1350 points, and a break up can take the index to the pick at 1370. Those risings came in spite of mix data, as the continuing claims were 418K, whereas expectations were for 409K. The Philly-manufacturing index was better than expected and read on 3.2. EUR/USD As we estimated, Wall Street strikes are supporting the EUR, which completed the reversal pattern. The break-up of the resistance at 1.425 worked perfectly and the EUR jumped over 180 since then. The European currency was blocked by the descending trend line, so this is an important test for the currency if it ...

www.sunbirdfx.com EUR/USD Wall Street declines dragged the Euro down and supported the USD. The European currency broke the support of the trend line and now is facing the support at 1.40. A possible target for the current bearish momentum is the 200 SMA at 1.39. A "Head & Shoulders" pattern was broken in the daily chart, and according to the technical analysis basics, the potential of this break-down is the distance between the "head" and the "neck" of the pattern. It means that the Euro might crash 500 pips to 1.35-1.36. However, it is important to understand that markets are not driven by the technical analysis principles, so the stated above does not necessary commit reality. USD/JPY The Yen looks like it wants to go down again, and broke the support of the trend line. The ...

A tightening of monetary policy in Singapore was the main factor in the dollar dropping to record lows against several of its main currency rivals in trading yesterday. The EUR/USD pair went as high as 1.4123 before staging a downward correction. At the moment the pair is trading around 1.4025, still well above the psychologically significant 1.4000 level. Whether or not the dollar can extend its gains today will likely depend on a batch of US news events. Economic News USD - USD Values Likely to Be Influenced by Bernanke Speech After plummeting to record lows against its main currency rivals in early morning trading yesterday, the greenback was able to stage a recovery and recoup some of its losses. The USD/JPY pair hit its lowest point since April 1995 yesterday, when it dropped to ...

The US dollar was weaker again as high yielding currencies performed well. The euro was up sharply versus the dollar and global bourses were higher following yesterday's strong trading session in the Dow. Economic News USD - Dollar Continues to Struggle The slide in the value of the dollar continued today following weaker than expected ADP Non-Farm Employment change. The report showed job losses of -39K. Economists had expected the report to come in at a positive 23K. The payrolls company said the slide in private sector jobs confirms a pause in the economic recovery already evident in other data. Employment fell in all major sectors. Dollar weakness was prevalent with sharp losses occurring versus the euro. The EUR/USD was trading higher at 1.3920, up from an opening day price of 1. ...

A disappointing US consumer confidence report released yesterday, caused the ‎greenback to take heavy losses against virtually all of its main currency rivals. The ‎dollar appears to have stabilized in overnight trading, but only after it hit a more ‎than 2-year low against the Swiss franc. Analysts are doubtful about whether the ‎USD can bounce back from these losses in the near future.‎ Economic News USD - Greenback Falls Among Rumors of Fed Intervention A worse than expected consumer confidence report released yesterday has sparked ‎rumors that the Fed will take definitive steps in order to help stimulate the ailing ‎US economy. The CB Consumer Confidence report came in at 48.5, well below the ‎predicted figure of 52.5. The steps, ...