ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Gave Us A BuyTitle:
Bernanke urges Congress to address Bush tax cuts
(Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday warned Congress that putting off a decision on the fate of expiring Bush administration tax cuts could unsettle businesses and households, undercutting the U.S. economic recovery.
With presidential and congressional elections looming in November, many analysts think Congress is unlikely to act until the final months of the year. The tax cuts expire on January 1.
Bernanke told the Senate Budget Committee that lawmakers might not have ...
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Gold retreats towards $1,750 after U.S. data
Gold prices slipped on Friday, surrendering gains that earlier took the precious metal to an 11-week high, after better-than-expected U.S. payrolls data lifted the dollar and called into question the prospect of further U.S. quantitative easing.
Expectations that U.S. monetary policy will remain ultra-loose have boosted investors' appetite for bullion this year, lifting prices 12 percent since end December.
Spot gold was at $1,750.29 an ounce at 1409 GMT, down 0.5 percent, having earlier ...
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Technical analysis of the GBP/USD pair on February 2nd, 2012
Commentary of the GBP/USD pair :
After have taken support on 1.5749, a new bullish acceleration occured on the pair GBP/USD and the breakout of the resistance at 1.58 gave us a new buy signal.
THe pair continues to move above its short term bullish slant (black line).
All indicators are bullish.
We continue to advise long positions as far as 1.57 is support.
The breakout of 1.59 will give a new buy signal and open the way towards 1.60.
In case of return below 1.57, we will be neutral between ...
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Technical analysis of the NZD/USD pair on February 2nd, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bullish movement and the breakout of 0.83 gave us a new buy signal.
Currently, the pair is testing the upper band of its bullish channel (black line).
All indicators are bullish.
We continue to advise long positions as far as 0.8238 is support.
The breakout of 0.8350 and 0.84 will both give a new buy signal.
In case of return below 0.8238, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a sell ...
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Technical analysis of the USD/CAD pair on February 2nd, 2012
Commentary of the USD/CAD pair :
After a test yesterday of the resistance at 1.0050 and also of the upper band of its bearish channel, the pair USD/CAD took up its bearish movement and the breakout of 1.0 gave us a new sell signal.
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 1.0050 is resistance.
The breakout of 0.9950 and 0.99 will both give a new sell signal.
In case of return above 1. ...
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European shares rise on Greece optimism
(Reuters) - European shares rose on Wednesday, helped by a boost to bank stocks from hopes of an agreement in Greek debt swap talks and better-than-expected Chinese manufacturing data.
Earnings, which have so far only given mixed results, were another focus, with Infineon (IFXGn.DE) rising 5.5 percent, near the top of the leaderboard after the German chipmaker reported forecast-beating results.
Banks, many of which have exposure to euro zone sovereign debt, featured among the best performers, ...
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YouTradeFX Daily Market Analysis : 01/02/2012
Fundamental News:
Today's highlight;
ADP Nonfarm Employment Change. (US, 13:15, GMT)
ISM Manufacturing Index. (US, 15:00, GMT)
Unemployment Rate. (NZ, 21:45, GMT)
The EUR/USD is currently trading 1.3079 dropping from the high today of 1.3213.
Greece seems to be forgotten; maybe no news is good news. As Portugal steps forward, investors remained wary as the yield on Portugal’s 10-year government bonds stayed close to Monday’s euro-era highs at 16%, fuelling concerns that Lisbon ...
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Gold steady; U.S., Europe data eyed
(Reuters) - Gold was steady on Wednesday after ending January with its biggest monthly rise since August, while investors cautiously awaited more data from the world's key economies for trading cues.
China's official Purchasing Managers' Index topped expectations and showed a modest expansion in January, but market sentiment remained fragile on concerns about global growth after surprisingly weak U.S. housing and consumer data on Tuesday.
Before the disappointing U.S. data, a string of upbeat ...
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Technical analysis of the USD/JPY pair on February 1st, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its strong bearish rally and the breakout of 76.40 gave us a new sell signal.
All indicators are bearish.
We continue to advise short positions as far as 76.65 is resistance.
The breakout of 76 and 75.50 will both give a new sell signal.
In case of return above 76.65, we will be neutral between this level and 76.97.
The breakout of 76.97 will give a buy signal.
See the previous analysis of the USD/JPY pair of January 31th, ...
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