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Technical analysis of the NZD/USD pair on June 21th, 2011
Commentary of the NZD/USD pair :
The support at 0.8050 allowed the pair NZD/USD to rebound.
The pair is currently testing the resistance at 0.8120.
We maintain to trade the pair according to this key level:
- Short as far as 0.8120 is resistance. The breakout of 80.50 and 80 will both give a new sell signal.
- Long if 0.8120 is support. The breakout of 0.8173 will give a new buy signal.
See the previous analysis of the NZD/USD pair of June 20th, 2011
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Technical analysis of the USD/CAD pair on June 21th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD is testing again the support at 0.9780.
We maintain to trade only long positions as far as this level is support.
A return above 0.98 will comfort our bullish feeling.
The breakout of 0.9840 will give a new buy signal and open the way towards 0.99.
However, if 0.9780 is broken, a sell signal will be given and we will then advise to trade the pair according to this level.
See the previous analysis of the USD/CAD pair of June 20th, 2011
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Technical analysis of the USD/CHF pair on June 21th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF finaly took up its bearish movement and the breakout of 0.8450 just gave us a sell signal.
We now advise to trade the pair according to this level:
- Long if 0.8450 is support. The breakout of 0.85 will give a new buy signal and open the way towards 0.8550
- Short if 0.8450 is resistance. The breakout of 0.84 will give a new sell signal and open the way towards 0.8328.
See the previous analysis of the USD/CHF pair of June 20th, 2011
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Technical analysis of the USD/JPY pair on June 21th, 2011
Commentary of the USD/JPY pair :
A small correction occured on the pair USD/JPY which just got back below the resistance at 80.20.
We maintain to trade only short positions as far as 80.60 is resistance.
The breakout of 79.80 will give a new sell signal and open the way towards 79.50.
However, if 80.60 is broken, we will be neutral.
See the previous analysis of the USD/JPY pair of June 20th, 2011
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California: The Greece of the US Financial Crisis
Oh my, oh my…this is getting interesting…
“How zombie consumers menace the world economy,” is a headline from Yale Professor Stephen Roach. Mr. Roach is misusing the word ‘zombie,’ but he’s coming closer to understanding what is really going on.
That is, he’s beginning to see things our way!
Greek 2-year debt was yielding over 30% on Friday. Everybody said the situation was dire. And everybody agreed that this time, the Greeks were not likely to get away without a default of some sort.
This is a great moment for the world’s intellectual and moral life. Suddenly, people are beginning to realize that you can’t make bad debt go away by piling more debt on top of it. And yes, when you make mistakes, you have to pay for them.
Perhaps this insight could be teased out into a broader, deeper ...
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Forexpros.com Daily Analysis - 20/06/2011
ForexPros Daily Analysis June 20, 2011
Free webinar on ForexPros - Mindful Trading: Conquering the Eight Roadblocks to Trading Success
Expert: Rande Howell
Start: Tue, Jun 21, 2011, 10:00 EDT
End: Tue, Jun 21, 2011, 11:00 EDT
Recognizing that 90% of trading is in your head and more than 90% of traders lose money, those who really want to master trading must focus on developing the psychological skills of Mindful Trading. After years of chasing the Holy Grail of Trading, they discover that it lives within them. And they must develop their state of mind to become consistent, disciplined, confident, courageous, and impartial traders - it is these qualities that leads to stress-free and consistent success in trading. Come to this free webinar to learn about the Eight Roadblocks to ...
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The US future shares plunged while that Goldman Sachs cut the superpower's forecasts for growth
The US future shares plunged while that Goldman Sachs cut the superpower's forecasts for growth and fears are detected on a global scale
Today the superpower gave back a visit to the financial markets as the weekend finished where is stock-index futures have actually plummeted on pessimism that remains spread in the EU region; having governments failing to agree so far on Greece's aid, while that Goldman Sachs Group Inc. reduced its growth forecast for the world’s largest economy.
In fact on one hand Microsoft Corp., which is the world’s largest software maker, fell by 0.9 percent and on the other hand Blackstone Group LP, the private equity investor, dropped 2 percent in German trading whereas futures n the Standard & Poor’s 500 Index expiring in September dropped 0.4 percent to 1,260.7 ...
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Forex - Events in Greece Hurt Risk Appetite
Forex News and Events:
The optimism surrounding the Greece situation slowly eroded as market digested the events of last week and determined that they lacked substance. EURUSD traded down from 1.4300 to 1.4194, while AUDJPY our carry and risk indicator, broke 84.35—a close below will point to deeper correction in the pair and risk correlated trades.
On Friday, markets had finally received some positive headlines out Europe, as the IMF seemed to soften its stance on the strict austerity demand and appears willing to release the next tranche of aid regardless of the outcome of tomorrow's “no confidence” vote. In addition, the rushed news that Merkel and Sarkozy had reached a “breakthrough”, suggested that EU policymakers were moving towards a higher level of consensus. Perhaps the market ...
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Dominating pessimism in the market on the delayed disbursement of funds to Greece
The pessimism continues to dominate the market with the start of the week, where the counted on support from the EU to help ease the jitters turned to be at odds with what the market needed to hear! Risk aversion and heavy losses are seen in the European session on rising risk of Greek default as the finance ministers delay the disbursement of funds to debt-stricken Greece!
Investors are weighing the rising risk of default amid the political chaos in Greece and the agonizing disagreement among the EU finance ministers that is not helping in ending the crisis that continues to worsen.
The latest blow to confidence started with the Ecofin meetings in Luxembourg as the euro area finance ministered shunned the optimistic comments from Rehn and postponed the disbursement of the fifth trance ...
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