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Eur/jpyTitle:
US reach deal to avert debt crisis
Morning Briefing : US reach deal to avert debt crisis
What’s new:
Forex: Swiss franc, yen drop as US strikes a debt deal
Global Markets: Stocks higher, but gold fell lower after deal breakthrough
United States: President Obama announces debt deal
Japan: Welcomes news of US debt deal
Euro zone: Doubts surface on whether the EFSF will be able to provide 6th tranche to Greece
Rates in Asia and Indices:
EUR/USD: 1.4420 - 1.4346
USD/CHF: 0.7953 – 0.7905
GBP/USD: 1.6476 - 1.6388
EUR/JPY: 112.25 – 110.72
USD/JPY: 78.04 – 77.14
DowJones: 12'143.24 -0.79%
NASDAQ: 2'756.38 -0.36%
S & P 500: 1'292.28 -0.64%
Nikkei: 9’965.01 +1.34%
Shanghai: 2’703.58 +0.07%
Gold: $ 1'615.50
Crude Oil: $ 97.09
Comments:
United States lawmakers reached an 11-th hour deal to raise the debt ceiling and avert its first ...
Title:
Technical analysis of the EUR/JPY pair on August 1st, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY faked a breakout of 110 on friday.
The pair rebounded on this level and is currently testing 112 as resistance (this level match with the bearish slant.
Indicators are mitigated.
We stay neutral on the pair between 111 and 112.
We advise to wait an exit of this range to take position:
- Long if 112 is broken. The breakout of 113 will give a new buy signal
- Short if 111 is broken. The breakout of 110 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of July 29th, 2011
Title:
Forex Technical Analysis : 08/01/2011
- Forex Technical Analysis : 08/01/2011 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the EUR/JPY pair on July 29th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY is currently testing a break out of 111.
The pair is moving below its bearish slant.
All indicators are bearish.
We stay neutral on the pair between 111 and 112.
We advise to wait an exit of this range to take position:
- Long if 112 is broken. The breakout of 113 will give a new buy signal
- Short if 111 is broken. The breakout of 110 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of July 28th, 2011
Title:
Strong Data Supports Short-Term Risk Taking in Forex Market
A short series of data released yesterday painted a relatively stronger picture for the US economy's growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week. A home sales report also showed a solid uptick, significantly beating expectations. So far the news has helped drive the USD lower as traders seek out small amounts of risk ahead of the week's conclusion.
Economic News
USD - US Dollar under Pressure from Solid Jobs Data
The US dollar was seen trading mildly lower yesterday as traders began to reevaluate the recent jump in USD values. The EUR/USD was seen meeting resistance near 1.4500 yesterday and plummeted towards 1.4430 in late trading. The greenback saw similar movements against most other currency pairs as well.
A short series of ...
Title:
Forex Technical Analysis: 07/29/2011
- Forex Technical Analysis : 07/29/2011 -
(Timeframes: 30 minutes)
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AUD/USD Technical Analysis
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Title:
Euro Slids for Second Day on Debt Crisis Concern
The euro fell against all of its major counterparts today, as the fear of the debt crisis spreading beyond Greece and other troubled countries of the Eurozone.
The euro is currently demonstrating a second bearish day in a row against the US dollar, the Great Britain pound and the Japanese yen. It is falling against the dollar despite the stalemate in the US debt-limit discussions, which may lead to a technical default on August 2.
Greece’s long-term sovereign credit rating was reduced to CC by Standard & Poor’s yesterday. It was also reported by the agency that the proposed measures (by the European Union) will push the rating to SD (selective default), as it will result in losses for the commercial creditors. Meanwhile, Moody’s downgraded Cyrpus from A2 to Baa1 with a negative outlook ...
Title:
EUR/USD Can't Hold Above 1.45
For the second day in a row the US dollar is stronger as the weakness seen in US equities yesterday has carried over into the European trading session. US law makers are no closer to a solution to raise the debt ceiling than they were yesterday and this is reflected in both the value of the EUR/USD and in global equities.
Falling in-line with the S&P's 2.0% decline yesterday European equities are lower across the board with the DAX down 1.75% and the FTSE lower by 0.75%. A lack of deal to avert a US default continues to weigh on market sentiment combined with yesterday's weak core durable goods orders has hit equities particularly hard.
In the foreign exchange markets the dollar has surprisingly benefited from this environment while gains in the JPY and CHF have been mute. In all ...
Title:
Forexpros.com Daily Analysis - 28/07/2011
ForexPros Daily Analysis July 28, 2011
Free webinar on ForexPros - Understanding the simple rules of Money Management
Expert: Sunil Mangwani
Start: Mon, Aug 1, 2011, 10:00 EDT
End: Mon, Aug 1, 2011, 11:00 EDT
Part.1 - The Risk-to-Reward ratio.
A Trading Plan is often the thin line between success and failure in the markets & the ‘Trading Plan’ must incorporate the 3M’s (Money, Mind & method…in that order).
From these 3M's, it is “Money Management” which is the most important part of a trading plan…and ironically the most ignored.
If a trader follow the 2 basic rules of money management, it increases the probability of success –
1.) The Risk-to-Reward ratio.
2.) Position sizing - The ideal exposure of the trading capital.
In the first part of this series, we will have a look at ...
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