ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Far As The Price Is BelowTitle:
The “Other” White Rock
The silver market has been on a tear, no doubt about it. The price of this shiny white rock has soared 50% in 2011, alone. There’s good reason for this huge move (Hint: His name is Ben Bernanke). But I want to tell you about a different white rock – one that’s also quite precious.
The rock is called phosphate.
There is no substitute for it. It is crucial to the world’s food supply, for which it serves as a fertilizer. And most of the world’s mines are in decline. Foreign Policy magazine recently called it “the gravest resource shortage you’ve never heard of.”
Demand for the rock is growing as demand for food rises. As I write, food prices are surging. Wheat is up 110% over the last 12 months. Corn is up 87%; soybeans, 59%; and sugar, 22%. Soaring food prices helped set off protests in ...
Title:
Dukascopy Afternoon Forex Overview: 21/04/2011
Previous session overview
The dollar dipped Thursday, after the Philadelphia Fed Index fell far short of market expectations, and gave bearish investors new reasons to sell the battered U.S. currency.
The Philadelphia Fed Business Index for April plunged to 18.5 from March's 43.4. Immediately following the news, the dollar fell to session lows against the yen around JPY81.61, and stumbled against the euro to change hands near USD1.4556.
The dollar has been under pressure amid a worsening fiscal outlook and monetary policy that is expected to remain loose for the foreseeable future.
Against a basket of major currencies, the dollar tumbled to its weakest trough since August 2008. The ICE Dollar Index fell as low as 73.735 before recovering slightly to change hands around 73.961. The ...
Title:
Forex - US Corporate Earnings Help Risk Appetite Rally
Forex News and Events:
Risk appetite has come surging back across the board this morning. The catalyst is debatable but perhaps it was the strong earnings reports by US companies or the realization that Europe was not truly on the edge of the abyss any many short-sighted analysts were predicting. Interestingly, the idea that should European peripherals move toward restructuring, the overall effect might become a healthier and better functioning EU, which would be Euro positive
To support this growing confidence, Portugal and Spain both conducted successful debt auctions yesterday. The Euro again shook off sovereign fears to continue charge higher. EURUSD climbed to 1.4642, AUDUSD rose to 1.0776 and USDCHF dropped to a new all time low of 0.8810. WTI rallied to $112.48 and Gold ran to $ ...
Title:
Gold powers above $1,500 as inflation worries mount
Gold rallied above $1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped.
Mounting evidence of quickening inflation in major Asian economies such as China and India were echoed in Latin America on Wednesday, with Brazilian prices nearing a government ceiling and Mexico's yearly rate exceeding a key target.
The break-even rates on U.S. Treasury Inflation-Protected Securities (TIPS), which measures investors' inflation expectations, rose for a second day.
A second day of deep losses for the dollar and rallies in oil and grain markets that fueled further inflation concerns also buoyed bullion, which once again rose in tandem with riskier assets like ...
Title:
Dollar falls as U.S. rate outlook spurs bid for yield
The dollar plummeted on Wednesday against major and emerging market currencies as the prospect that U.S. interest rates would remain at record lows encouraged investors to seek higher returns elsewhere.
The euro hit a 15-month high above $1.45, while rising commodity prices and inflation sent the Canadian and Australian dollars to multi-year peaks. Against major currencies, the greenback had its worst day in a month .DXY.
Perhaps more crucially, traders said, the dollar extended a multi-week slide against large emerging currencies, hitting two-year lows against the Brazilian real and Mexican peso.
China also allowed the yuan to touch a record high, and a top central bank official called for more currency flexibility to ease inflation.
Some analysts said this had markets betting that ...
Title:
Dukascopy Afternoon Forex Overview: 20/04/2011
Previous session overview
Overnight, the minutes from the BOE rate policy meeting showed no change, so it appears as though opinions have not wavered despite recent inflation indications.
In Japan, exports have decreased more than expected causing trade balance figures to come in worse than expected.
German PPI figures came in lower than expected; the stories are starting to creep up that the ECB may have been pre-mature with rate hikes.
The dollar is entering New York's trading down sharply lower against most other major currencies. A strong risk-on sentiment is drawing investors to higher yielding options than the greenback. The Australian dollar has hit a fresh post-1983 float high, the euro is at a 15-month high. The euro is at about USD1.4508 from about USD1.4336 late Tuesday. ...
Title:
Crude oil rebounds on dollar, technical support
U.S. crude oil rose Tuesday while Brent seesawed as a down dollar and firmer equities provided some lift to a market that had slumped on worries over sovereign debt and oil demand.
The expiring U.S. front-month May contract bounced early off support above last week's low trade of $105.31 a barrel.
After slipping below $120 a barrel for the first time in two weeks, Brent came back as the U.S. contract turned higher.
Brokers and analysts also cited support from news that Treasury Secretary Timothy Geithner said there was "no risk" that the United States would lose its prized AAA credit rating.
Geithner's comments came a day after Brent and U.S. crude prices were pressured by rating agency Standard & Poor's announcement that, although it reaffirmed its credit rating, the outlook for the ...
Title:
Gold futures hit record above $1,500
Gold futures hit an all-time high above $1,500 an ounce on Tuesday and silver surged on a combination of dollar decline, crude oil gains and worries about sovereign debt problems in Europe.
After being initially pressured by technical selling, bullion rose to a record for a second straight day on market jitters after Standard & Poor's on Monday revised the credit outlook of the United States to negative from stable.
The CBOE gold volatility index .GVZ, a gauge of bullion investor anxiety, fell 4 percent after surging to its highest level in four months on Monday. U.S. gold futures activity was quieter than usual as global stock markets steadied following the previous session's equity sell-off.
"It's follow-through buying from yesterday after the market had absorbed an initial bout of ...
Title:
Gold rises towards $1,500, risk appetite fragile
Gold hit record highs near $1,500 an ounce for a second successive day on Tuesday, with appetite for risk fragile after Standard & Poor's cut its U.S. outlook and euro zone sovereign debt concerns simmered.
Prices earlier rose to a record $1,497.86 as the dollar wilted, just above the level they hit the previous day after the S&P announcement hit the markets. They have since slipped back after running into strong resistance at higher levels, however.
Spot gold was bid at $1,492.59 an ounce at 1344 GMT, against $1,495.08 late in New York on Monday. U.S. gold futures for June delivery rose 30 cents to $1,493.30.
Afshin Nabavi, head of trading at MKS Finance in Geneva, said gold was being driven by safe-haven buying.
"Gold, silver and (the Swiss franc) are all attracting lots of attention, ...
|