ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Now Advise To TradeTitle:
Dollar falls to 15-year low vs yen
(Reuters) - The dollar fell to a fresh 15-year low against the yen on Monday in a broad sell off after a Group of 20 agreement to shun competitive currency devaluations and allow market forces to set exchange rates.
At the meeting in South Korea, G20 finance chiefs struck a surprise deal to give emerging nations a bigger voice in the International Monetary Fund, recognizing the quickening shift in economic power away from Western industrial nations.
Analysts said the outcome pointed to a status quo in currency markets, with the dollar staying under pressure due to expectations for the Federal Reserve to unveil a second round of quantitative easing as early as its November 2-3 meeting.
The G20 statement "didn't go far enough as saying countries won't devalue their currencies so we saw ...
Title:
In charge of consumer bureau, Warren takes new tone
(Reuters) - A little more than a month into her job as President Barack Obama's top adviser on consumer financial issues, Elizabeth Warren has been trying to make peace with the financial industry she once attacked and that rarely had good things to say about her.
Gone is the tough talk about having "blood and teeth left on the floor," as she told the Huffington Post in March during the fight over creating the new Consumer Financial Protection Bureau.
Now Warren is talking about how the government and the financial industry can work together for the consumer.
"The thing that probably has surprised me most is how surprised they were by the conversation," Warren said on Friday when describing the meetings she has had in recent weeks with financial executives. "They were very glad to be ...
Title:
Technical analysis of the EUR/USD pair on October 22th, 2010
Commentary of the EUR/USD pair :
The pair continue to move between 1.38 and 1.40. The price just fake a breakout of 1.40 and is now testing 1.39 (key level) as support. Indicators are globly bullish.
Two advices are possible:
1- We stay neutral on the pair as far as the price is moving between 1.38 and 1.40. We will wait an exit of this range to take position:
- Long if 1.40 is broken. The breakout of 1.41 will give a new buy signal
- Short if 1.38 is broken. The breakout of 1.37 will give a new sell signal.
2- We advise to trade the pair according the key level at 1.39:
- Long if 1.39 is support. The breakout of 1.40 will give a new buy signal
- Short if 1.39 is resistance. The breakout of 1.68 will give a new sell signal.
See the previous analysis of the EUR/USD pair of October ...
Title:
Technical analysis of the USD/CHF pair on October 22th, 2010
Commentary of the USD/CHF pair :
The pair got back above 0.9650, giving us a buy signal. We now advise to trade only long positions as far as 0.9614 is support. The breakout of 0.9750 will give a new buy signal. However, if 0.9614 is broken, we could trade short positions.
See the previous analysis of the USD/CHF pair of October 21th, 2010
Title:
Forex - In Depth Currency Analysis: 10/21/2010
USD Reverses Gains, Dropping versus Most Currency Counterparts
Thursday, 21 Oct 2010
The USD fell yesterday, reversing Tuesday's gains, as the knee jerk reaction to china's small interest hike subsided and a renewed interest in growth linked currencies such as the EUR and Australian Dollar reemerged. The dollar was put under further pressure as the release of the Beige Book showed continued weakness in the U.S economy, intensifying expectations of renewed quantitative easing measures by the Federal Reserve. The dollar plunged to a new 15-year-low against the yen, falling to a low of Y80.84, before recovering to around Y 81.08.
The USD briefly rallied during today's overnight trading after comments by Treasury Secretary Timothy F. Geithner to the WSJ, reiterating his support for a ...
Title:
USD Reverses Gains, Drops against Major Counterparts
The U.S. dollar on Wednesday gave back most of the gains against major counterparts, dropping against the EUR and felling to a 15-year low against the Japanese yen, as the knee jerk reaction to China's interest rate hike subsided.
Economic News
USD - USD Reverses Gains, Dropping versus Most Currency Counterparts
The USD fell yesterday, reversing Tuesday's gains, as the knee jerk reaction to china's small interest hike subsided and a renewed interest in growth linked currencies such as the EUR and Australian Dollar reemerged. The dollar was put under further pressure as the release of the Beige Book showed continued weakness in the U.S economy, intensifying expectations of renewed quantitative easing measures by the Federal Reserve. The dollar plunged to a new 15-year-low against the ...
Title:
Technical analysis of the XAU/USD (Gold) pair on October 21th,2010
Commentary of the XAU/USD pair:
The pair XAU/USD took support on 1330 (lowest of october 7th and 8th) and is now testing again the resistance at 1350. Indicators stay globaly bearish. We maintain to trade only short positions as far as 1350 is resistance. The breakout of 1330 and 1320 wil both give new sell signals. However, if 1350 is broken, we will then advise to trade only long positions above this level.
See the previous analysis of the XAU/USD pair of October 20th, 2010
Title:
Forex - In Depth Currency Analysis: 10/20/2010
USD Gains Big Following Surprise Chinese Rate Hike
Wednesday, 20 Oct 2010
Yesterday, the dollar saw significant gains against virtually all of its main currency rivals, following a surprise Chinese interest rate hike that led to increased risk aversion among investors. The dollar was able to gain approximately 300 pips against both the euro and UK pound. Currently the EUR/USD pair is trading around the 1.3755 level, while the GPB/USD pair stands at 1.5715. While the greenback initially made gains vs. the fellow safe-haven yen, the USD/JPY pair has since fallen and is currently around the 81.30 level.
Analysts are unsure regarding how long the USD will be able to maintain these gains. Any future moves by China to tighten economic ...
Title:
Will the USD Be Able to Maintain Yesterday's Gains?
Following yesterday's volatile trading session, in which the US dollar gained around 300 pips against the euro, analysts are questioning whether the dollar gains were a temporary occurrence or the beginning of a larger trend. Today, news out of the UK and Canada will likely determine which direction the market moves.
Economic News
USD - USD Gains Big Following Surprise Chinese Rate Hike
Yesterday, the dollar saw significant gains against virtually all of its main currency rivals, following a surprise Chinese interest rate hike that led to increased risk aversion among investors. The dollar was able to gain approximately 300 pips against both the euro and UK pound. Currently the EUR/USD pair is trading around the 1.3755 level, &# ...
|