ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Giving Us A SellTitle:
Stocks, euro climb as Greece votes for austerity
(Reuters) - Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets.
European shares were set for gains, with futures on the Dow Jones Eurostoxx 50 up 0.5 percent.
As the first half of the year drew to a close, Greece's latest efforts to cut back on debt stirred hopes that it would remove some of the uncertainty hanging over markets.
Worries that the U.S. and Chinese economies are quickly slowing, on top of the fears that Greece might be headed for a messy debt restructuring, had prompted a broad pull-back in equities and commodities while boosting safe-haven bonds.
Analysts at Goldman Sachs recommended ...
Title:
Technical analysis of the USD/CAD pair on June 30th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish rallye and the breakout of 0.98 has been validated, giving us a sell signal.
Then, the breakout of 0.9747 gave us a new one.
Currently, the pair is testing the next support at 0.9679.
We maintain to trade only short positions as far as 0.9747 is resistance.
The breakout of 0.9679 will give a new sell signal and open the way towards 0.9650 and 0.96.
However, in case of return above 0.9747, we will be neutral.
See the previous analysis of the USD/CAD pair of June 29th, 2011
Title:
Technical analysis of the USD/JPY pair on June 30th, 2011
Commentary of the USD/JPY pair :
A strong bearish occured on the pair USD/JPY which broke the support 80.77, giving us a sell signal.
Currently, the pair is testing a bullish slant.
We maintain to trade only short positions as far as 80.77 is resistance.
The breakout of the bullish slant will give a new sell signal and open the way towards 80.20 and 80.
However, in case of return above 80.77, a buy signal will be given.
See the previous analysis of the USD/JPY pair of June 29th, 2011
Title:
Technical analysis of the GBP/USD pair on June 23th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD got out of its neutral zone 1.62/1.6250 from the bottom, giving us a sell signal.
A strong bearish rallye has followed and the breakout of 1.61 gave us a new sell signal.
The pair seems now to move into a big bearish channel.
We maintain to trade only short positions as far as the pair is moving into its channel.
The breakout of 1.5987 will give a new sell signal.
See the previous analysis of the GBP/USD pair of June 22th, 2011
Title:
Technical analysis of the USD/CAD pair on June 22th, 2011
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD which broke the support at 0.9780, giving us a sell signal.
A new sell signal has been given by the breakout of the next support at 0.9747.
We maintain to trade only short positions as far as 0.9780 is resistance.
The breakout of 0.9711 will give a new sell signal and open the way towards 0.9680.
See the previous analysis of the USD/CAD pair of June 21th, 2011
Title:
Why the Misery Index Is Higher Than the Feds Let On
The Dow Jones Industrial Average continues its hiatus from doom and gloom yesterday – up more than 100 points so far today on what would be its fourth consecutive winning session.
A four-day winning streak may not seem like much, but as The Daily Reckoning faithful will recall, the Dow has fallen for six straight weeks. Perhaps the Blue Chips will fall for a seventh straight week, but so far the Dow is solidly in the black.
Sure, the reasons for lightening up on stocks remain just as compelling today as they did last week (and the five weeks before that), but that doesn’t mean the stock market has to fall every day.
Greece is still racing towards an inevitable default, America’s governmental finances – from Washington to Sacramento – are still sickly and the US economy’s performance ...
Title:
China c.bank tightens controls on offshore yuan deals
(Reuters) - China's central bank has tightened controls on offshore yuan deals to curb speculation in the currency, regulations showed on Monday, signaling official worries about risks from the rapidly growing offshore market.
Under the rules, offshore banks that settle trade in the Chinese currency must tighten checks on clients' yuan transactions to ensure any buying or selling of the currency is backed by "real" trade or business needs.
The regulations are dated June 8 but were only published on the website of the central bank's Beijing branch last week. The rules were seen by Reuters on Monday.
The move underscores China's worries that a growing yuan offshore market may weaken its grip on the capital account and offer new ways for investors to bring yuan back into the country to ...
Title:
Technical analysis of the USD/JPY pair on June 20th, 2011
Commentary of the USD/JPY pair :
A strong bearish movement occured on the pair USD/JPY which just got out of its neutral zone 80.20/80.50 from the bottom, giving is a sell signal.
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 17th, 2011
Title:
Technical analysis of the EUR/USD pair on June 16th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD well continued its bearish movement.
The pair validated the breakout of 1.43 and 1.42, giving us new sell signals.
Currently, the pair is trying to rebound on 1.41 as support.
Indicators are bearish.
We now advise to trade only short positions as far as 1.4250 is resistance.
The breakout of 1.41 will give a new sell signal and open the way towards 1.40.
However, if 1.4250 is broken, we will then wait the breakout of 1.43 to trade long positions.
See the previous analysis of the EUR/USD pair of June 15th, 2011
|