ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Its Former BullishTitle:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Technical analysis of the GBP/USD pair on February 7th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made yesterday a pullback on the support at 1.5750 and just tested its former bullish slant (black line) as resistance.
Indicators are globaly bullish.
We continue to advise long positions as far as 1.57 is support.
The breakout of 1.5860 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 this level and 1.5670.
The breakout of 1.5670 will give a sell signal.
See the previous ...
Title:
U.S. jobs data gives European shares a boost
European shares made their highest weekly gain since late December on Friday, surging past a resistance level, after forecast-beating U.S. jobs data raised hopes about an economic recovery that could boost company earnings.
Cyclical auto and bank stocks, whose profits could improve with stronger economic growth, were the standout gainers, with the STOXX Europe 600 Automobiles & Parts index .SXAP up 2.7 percent and the STOXX Europe 600 Banks index .SX7P up 2.5 percent.
Investor sentiment ...
Title:
Banks lead European shares down on Greece uncertainty
European shares were pulled lower on Monday afternoon by weaker banks hit by concerns that no solution has yet emerged from talks between Greece and private bondholders.
French banks suffered more than most after President Nicolas Sarkozy said a French financial transaction tax would be set at 0.1 percent.
Negotiations between Greece and private bondholders over the restructuring of 200 billion euros ($263 billion) of Greek debt, which made progress over the weekend, were not expected to ...
Title:
Banks lead European shares down on Greece uncertainty
(Reuters) - European shares were pulled lower on Monday afternoon by weaker banks hit by concerns that no solution has yet emerged from talks between Greece and private bondholders.
French banks suffered more than most after President Nicolas Sarkozy said a French financial transaction tax would be set at 0.1 percent.
Negotiations between Greece and private bondholders over the restructuring of 200 billion euros ($263 billion) of Greek debt, which made progress over the weekend, were not ...
Title:
SunBirdFX Daily Market Analysis : 01/30/2012
www.sunbirdfx.com
The US stock markets closed the week on the mixed territory after a powerful opening of 2012 in which the main indices rose more than 8%. The main reason for this amazing rally is the fact that more than 65% of the largest 500 companies reported better than expected reports regarding the 4th quarter of 2011. NASDAQ has already broken the height of 2011 and the Dow Jones and the S&P 500 are approaching those picks.
The result season is not over yet and therefore the stocks ...
Title:
SunBirdFX Daily Market Analysis : 01/27/2012
www.sunbirdfx.com
Wall Street closed in the red territory yesterday on the background of mixed economic data. Continuing jobless claims were a bit above the estimations and the new home sales number was 307K against expectations of 321K. Core Durable Goods Orders increased by 2.1%, whereas analysts' expected a growth of 0.9%. Today's important economic data: advance GDP q/q.
The trading day started in a positive way for the stock markets, as Dow Jones reached 2011 height but did not break it. ...
Title:
Technical analysis of the GBP/USD pair on January 26th, 2012
Commentary of the GBP/USD pair :
After a long test of the support at 1.5540, the pair GBP/USD has continued its bullish movement.
The pair is currently testing the resistance at 1.5670 and is still moving above its bullish slant (black line).
The pair is still moving above its former long term bearish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 1.5540 is support.
The breakout of 1.5670 will give a new buy signal and open the way towards 1.5749. ...
Title:
Technical analysis of the GBP/USD pair on January 25th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued yesterday its bullish rally and the breakout of 1.56 gave us a new buy signal.
A bullish slant (black line) seems now to lead the movement.
The pair is still moving above its former bearish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 1.5538 is support.
The breakout of 1.5670 will give a new buy signal and open the way towards 1.5749.
In case of return below 1.5538, we will be ...
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