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LongTitle:
Euro falls to near two-year low as Greece, Spain weigh
(Reuters) - The euro tumbled to nearly two-year lows against the dollar on Friday, and remained on track for its worst weekly showing in five months, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the regional bloc.
A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year became the latest headline to hit the euro.
Catalonia's appeal affected almost all asset classes as Spanish and Italian bonds sold off, equities fell, and U.S. crude futures turned negative.
"The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency ...
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XAU/USD (Gold) Daily technical analysis - May 2012
The pair XAU/USD (Gold) is currently moving below the lower band of its long term bullish channel (purple lines).
Resistance 2 : 1900 points
Resistance 1 : 1800 points
Key level : 1700 points
Support 1 : 1600 points
Support 2 : 1500 points
On the long term:
The trend is neutral since the exit of its bullish channel.
We will wait an exit of the range 1500/1600 to see a clear trend :
- Bullish if 1600 points is broken
- Bearish if 1500 points is broken.
On the short term:
The pair has validated in May the breakout of 1600 points, offering a sell signal.
The trend is bearish as far as 1650 points is resistance.
The breakout of 1500 points and 1500 points will both give a new sell signal.
In case of return above 1650 points, we will wait the breakout of 1700 points to see the return of ...
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AUD/USD Daily technical analysis - May 2012
The pair AUD/USD has validated in May a return below 1.0 and also an exit of its long term bullish channel (purple lines).
Resistance 2 : 1.15
Resistance 1 : 1.10
Key point ; 1.05
Support 1 : 1.00
Support 2 : 0.95
On the long term:
The trend is now neutral with the exit of its bullish channel.
We will wait an exit of the range 0.95/10 to see a clear trend on the pair:
- Bullish if 1.0 is broken
- Bearish if 0.95 is broken
On the short term:
The trend is bearish as far as 1.0250 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.90.
In case of return above 1.0250, we will wait the breakout of 1.05 to see the return of the bullish trend.
Previous AUD/USD Daily Analysis - April 2012
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EUR/CHF Daily technical analysis - May 2012
The pair EUR/CHF is still moving below its bearish slant (purple line) since 2008.
The bearish slant is not unique and could be change a little if you want to take into account some highs/lows.
The pair lost all its volatility and is moving around the major support at 1.20.
Resistance 1 : 1.20
Resistance 2 : 1.25
Key point : 1.15
Support 1 : 1.10
Support 2 : 1.05
On the long term:
The long term trend is neutral between 1.20 and 1.25.
If 1.25 is broken, the trend will become bullish and is 1.20 is broken, the will be bearish.
On the short term:
The trend is bullish as far as 1.20 is support.
The breakout of 1.2250 and 1.25 will both give a new buy signal.
If 1.20 is broken, the trend will become bearish. The breakout of 1.15 will give a new sell signal.
Previous EUR/CHF Daily ...
Title:
Crude steady around $90.50 as uncertainties persist
Crude oil is seen steady around the $90.50 with some downside momentum, as global uncertainties persist. On one hand the global economic growth is seen slowing, while on the other hand talks with Iran reached an impasse.
One day after China reported lackluster data from the manufacturing sector, China’s largest banks may miss their lending targets for the first time in seven years, adding to signs that China, the world’s second oil consumer, is slowing.
Demand on oil is also seen dropping as Europe’s debt crisis persists. Investors fear from the impact of Greece`s possible exit from the euro zone threatening growth, and darkening the outlook for demand on commodities.
The grim global economic outlook, Europe’s crisis and the light trading ahead of a long weekend, as US markets will be ...
Title:
EUR/GBP Daily technical analysis - May 2012
The pair EUR/GBP continues its bearish rally below the lower band of its symmetrical Triangle Top.
On the long term:
The breakout of the lower band of the symmetrical triangle gave us a sell signal allowing the long term trend to become bearish.
The breakout of 0.81 just gave us a new sell signal.
The trend will remain bearish as far as 0.84 is resistance.
The breakout of 0.77 will give a new sell signal.
In case of return above 0.84, we will wait the breakout of 0.86 to see the return of the bullish trend.
On the short term:
The trend is clearly bearish as far as 0.83 is resistance.
The breakout of 0.78 and 0.77 will both give a new sell signal.
In case of return above 0.83, we will wait the breakout of 0.84 to see the return of the bullish trend.
Previous EUR/GBP Daily Analysis - ...
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EUR/JPY Daily technical analysis - May 2012
The pair EUR/JPY continues to move into its falling wedge. The pair has validated in May a return below 105 and is currently testing the next support at 100.
Resistance 2 :120
Resistance 1 : 115
Key level : 110
Support 1 : 105
Support 2 : 100
Support 3 : 95
Support 4 : 90
On the long term:
The trend is clearly bearish as far as the pair is moving into its falling wedge.
The breakout of 100/95/90 will all give a new sell signal.
We will wait the breakout of 115 to see the trend become bullish.
On the short term:
The trend is now bearish due to the return below 105.
As far as this level is resistance, the trend will remain bearish.
The breakouts of 100/95/90 will all give a new sell signal.
In case of return above 105, we will wait the breakout of 110 to see the return of the bullish ...
Title:
EUR/USD Daily technical analysis - May 2012
The pair EUR/USD has validated the breakout of its long term bullish slant (green line) and is currently testing the support at 1.25.
Resistance 1 : 1.50
Resistance 1 : 1.45
Resistance 2 :1.40
The key point of the pair is at 1.35
Support 1: 1.30
Support 2 : 1.25
Support 3 : 1.20
The breakout of 1.30 gave us a sell signal and the pair is currently testing the support at 1.25.
The bullish slant (green line) could still be considered as tested given the fact that the breakout just occured.
Short and long term trend a bearish.
The breakout of 1.25 will give a new sell signal and open the way towards 1.20. A pullback on 1.30 stay possible.
If the pair get back above 1.30, the trend will become neutral. However, if 1.35 is broken, the trend will be bullish.
Previous EUR/USD Daily ...
Title:
USD Softer ahead of Holiday Weekend
The dollar is giving back some of its recent gains as traders cover positions ahead of the holiday weekend and after the market failed to break the 1.25 downside barrier in EUR/USD. Sentiment is relatively stable with global equities trading flat to slightly softer, EU sovereign yield spreads have eased somewhat, and the dollar index is lower and testing the 82.00 figure after making new highs for the current rally. Uncertainty remains high as markets lack clarity on key European issues and barring any new headlines, today's price action may be driven by position squaring ahead of the long weekend.
The Swiss franc was on the move earlier with EUR/CHF rising sharply on speculation of possible fees on SNB deposits. Swiss officials declined to comment and the franc regained ground after the ...
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