ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Gbp/usd Parity On JulyTitle:
Fitch Warns on US Credit Rating
Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable.
Economic News
USD - Fitch Warns on US Credit Rating
Yesterday Fitch warned on the US credit rating. Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Technically this means there is a chance of a ratings downgrade within ...
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Greek Exit from EUR Not Likely
Talk of a Greek exit from the EMU may have gone overboard. The new Greek Prime Minister Lucas Papademos has promised to carry out all of Greece's obligations to receive European bailout funds. This may help to restore fragile investor confidence in the EUR.
Economic News
EUR - Greek Exit from EMU Not Likely
The present coalition in Greece has confirmed its intention to implement the most recent EUR 130 Bn European bailout for the country. This will be done prior to new elections. This is ...
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QE Speculation Leads to Broad-based USD Weakness
The Week Ahead
Highlights
* QE speculation leads to broad-based USD weakness
* The UK's deficit plan under the microscope
* MPC minutes crucial for sterling in the short-term
* Europe's peripheral concerns put to bed for now
* BoC likely to hold steady on rates, growth concerns
* Key data and events to watch next week
QE speculation leads to broad-based USD weakness
The markets have been fixated on the potential of further Fed easing measures in the form of a second ...
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Yen Reaches 15-Year High
The Yen rose to a 15- year high against the dollar on Tuesday after Japan's prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen gains. The USD/JPY fell as low as 82.91, its lowest level since mid-1995.
Economic News
USD - Dollar Drops against the Majors
The U.S. dollar fell against most of its major currencies on Tuesday, touching a 15-year low below 83 yen as a break of technical support ...
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Technical analysis of the GBP/USD parity on July 29th, 2010
Commentary of the GBP/USD parity :
The parity continues its bullish movement and is currently testing the breakout of the resistance at 1.56. If validated, a new buy signal will be given. We could then target the next resistance at 1.57. We maintain to trade only long positions as far as the lower band of the former bullish channel is support. In case of breakout, we will stay neutral. Only the breakout of 1.5466 will allow us to trade short positions.
See the previous analysis of the GBP/ ...
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Technical analysis of the GBP/USD parity on July 28th, 2010
Commentary of the GBP/USD parity :
The parity made a pullback on 1.5466 and then, the breakout of 1.55 gave us a new buy signal. Currently, the parity is testing the next resistance at 1.56. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.55 is support. In case of breakout, we will stay neutral. Only the breakout of 1.5466 will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 27th, 2010
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Technical analysis of the GBP/USD parity on July 27th, 2010
Commentary of the GBP/USD parity :
The parity continues its bullish movement and the breakout of 1.5466 gave us a new buy signal. We maintain to trade only long positions as far as 1.54 is support. The next resistance is at 1.55. The breakout of this level will give another buy signal. However, if 1.54 is broken, a sell signal will be given.
See the previous analysis of the GBP/USD parity of July 26th, 2010
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Technical analysis of the GBP/USD parity on July 26th, 2010
Commentary of the GBP/USD parity :
The parity continued its bullish movement and is currently testing the resistance at 1.5466. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.54 is support. If this level is broken, a sell signal will be given.
See the previous analysis of the GBP/USD parity of July 23th, 2010
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Technical analysis of the GBP/USD parity on July 23th, 2010
Commentary of the GBP/USD parity :
The parity finaly got out of its bearish channel and the breakout of 1.53 gave us a buy signal. We now advise to trade only long positions as far as this level is support. The breakout of 1.5466 will give a new buy signal.
See the previous analysis of the GBP/USD parity of July 22th, 2010
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